Opinions
Richard Croft
PowerSh S&P500 BuyWrite ETF
PBP-N
TOP PICK
Oct 10, 2013
$20.190
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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PAST TOP PICK
(Past Top Pick, July 17, 2017, Up 5%) It owns the S&P 500 and writes covered calls on it. It typically underpforms the S&P in a rising market and does better in a flat/down market. It's a low-risk ETF and pays a monthly income, but
they're U.S. gains, so that's not good for tax-paying Canadians. This is okay if you want U.S. income.
E.T.F.'s
This is writing Covered Calls on the S&P 500. Options market prices risk. The underlying financial markets prices returns. If they are both efficient, you bring 2 markets together, which should always produce alpha, a higher return than you should get for the risk taken. Long-term history on this proves that point and you now have an ETF that proves that. If you want to be in the US market, this is not a bad way to play it.