Larry Berman CFA, CMT, CTA BMO Dow Jones Indus. Avg. Hedge ETF ZWA-T DON'T BUY Nov 18, 2024

His least favourite BMO ETF, terrible way to get exposure to US equities. Not because it's BMO or because of the structure, but because it's the Dow. DJIA is weighted by the size of a company's stock, so higher prices get more weight than lower. Terrible index.

He'd much prefer an ETF that's in the S&P 500 or an equal-weight US market exposure.

Larry Berman CFA, CMT, CTA

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PAST TOP PICK

(Top Pick Jun 28/17, Up 0.73%) The Dow has been the place to be. It has been a great hold. He likes the covered call aspect for the summer. You can collect the extra yield in that time.

TOP PICK

Extra 2% return on the Dow. A way to mitigate volatility. Play on the broad market in a good economy.

PAST TOP PICK

(A Top Pick May 18/18, Up 5%) Covered call adds yield when the market goes sideways, as it usually does in the summer. You don’t have to time the market, you just participate and take down portfolio risk.

WEAK BUY

ZWA-T vs. ZWS-T. ZWA-T is the Dow 30 with a covered call overlay. ZWS-T is a broader ETF with 50 holdings, much more diversified and just the DOW index and it also has a covered call overlay. He would prefer ZWS-T. He is looking at buying a lot more of this one.

BUY

Likes it. A little more restricted than the ZWH, and the yield is about 1.5% lower than that one. Might be better for growth instead of income.

HOLD

Likes this, but prefers ZWH for its much-higher dividend yield. But it's okay to hold onto ZWA.

COMMENT

Could probably buy 2-4% from today. ZPAY, you can buy any time. It should have half the volatility of the market. The lower the markets get, the longer you get. The buy low and sell high strategy with 6% yield.

BUY

No issues at all. Good way to play the US market with its covered calls, which might be a good way to play a market that might be kind of flat.

BUY

Based on the DOW, as opposed to the S&P. Nothing wrong with it at all. Likes it, as well as ZWH.

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Larry Berman CFA, CMT, CTA BMO Dow Jones Indus. Avg. Hedge ETF ZWA-T DON'T BUY Nov 18, 2024

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