(A Top Pick Sept 24/15. Up 11.47%.)

(A Top Pick Sept 24/15. Up 9.90%.)

Because of its oil exposure, this had dropped quite a bit, but is now working its way back. There is now some stability in oil prices, so he is holding this. It gives a good yield of 4.9%.

He doesn’t like this. It is basically an accumulation of different income products, but this is a return of capital, so you are getting what looks like a very high dividend, but it is not entirely a return “on” capital, but is often a return “of” capital, in other words a return of your own money.

If you like emerging markets, he thinks this is a great ETF to go with.

This is fine if you want to be involved, but remember any dividends are accrued in the US are taxed as income, not as a dividend. (If it is a covered call, then he really doesn’t like the story as he doesn’t like First Asset’s covered calls. They only do it on 25% of the portfolio, so your amount of income is pretty small and your downside protection is pretty small. Also, fees are quite high for 25% covered calls.)

This is a great product and it is cheap. He has this in practically all of his accounts.