If you want to boost your portfolio, he wouldn't use a covered call to do it, because it caps your upside. The yield is around 15%, but how much of this is capital gains and what are the tax implications?
Owning the NASDAQ in Canadian dollars, and overlaying a covered call strategy to give a pretty nice dividend yield. Looking back over 3 years, you get a better total return just owning the NASDAQ 100 index. But if you need the income, it makes sense.
If you want to boost your portfolio, he wouldn't use a covered call to do it, because it caps your upside. The yield is around 15%, but how much of this is capital gains and what are the tax implications?