Richard Orrell

Among ETFs, equity ones remain the most popular with 1,800 in Canada. The newest ones are on the 0 day to expiry; we'll see how they do over time. The latter hold indices and sell puts to make short-term profits; are not for everybody, but this is the cutting edge in ETFs. Options volumes continue to grow. If you buy USD ETFs, make sure they are hedged. The market has been complacent. No matter the headline, the market rallies or dips have been very shallow. He expects a dip in the near future, but remains constructive long term.

Unfortunately, gold and silver are not in this ETF. They aren't base metals. XBM has done alright. Is positive the outlook in this space. Is happy to hold this, and a breakout from this current level is possible.

The performance of the Canadian banks surprises him and he is positive going forward. He's owned ZEB in the past.

He's bullish the Canadian banks. HMAX would complement the caller's covered call strategy.

Likes it for its diversification, geographically.

Looks good, holding materials stocks and many dividend payers.

Looks good, holding materials stocks and many dividend payers.

This holds a lot of GE, Raytheon and Boeing. Likes the defence space. It's timely.

Prefers this to ITA. Likes the defence space. This holds both US and European companies and includes newer defence technologies (i.e. drones).

This uses the SGOV and TLT, two popular ETFs, and write a covered call strategy on top. When volatility is high, you want to look at covered calls and option strategies. He's looking at this space, but won't add it now. The covered call isn't panning out for investors now.

Oil has been rangebound from $60-83 in recent years on geopolitical tensions. The volatility plays into the covered call strategy here.

He sold it during the April turmoil. This carries a lot of oil. He sold to buy megacaps. He still likes it, but be careful because this is in USD.

Has a covered call overlay. Knew it would be bumpy. Covered calls offer protection, but not if market movements are swift. Pays a good dividend. He averaged in last April. Likes the US names it holds. Is low volatility.

The weak USD is a serious headwind, 5% in recent months. The move isn't done, so he's hedging his holdings as the CAD is strong against the USD>

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?