This Dogs of Dow strategy ETF takes an equal weight to the top 10 dividend payers. The MER is fairly high he thinks. He does not see anything against this strategy, but would prefer a value based ETF on the S&P.

The 10 largest LIFECOs in the US and Canada and with covered calls. The yield is 7.2%, which worries him because the stocks themselves do not pay this yield. He wonders if the structure is resulting in a return of capital or there is some underlying leverage involved. Is the return more volatile than the underlying securities? He would not recommend it now.

Are covered calls safe in a down market? Covered call righting only protects a very small amount of your capital -- it is only there to generate income -- it is not a hedge. He has sold ZWH-T as he does not want to sell covered calls in a recovering market as it has sold off the upside potential. He might just consider outright buying banks stocks at this point. In a flat market or rising market covered calls are a good strategy.

He has held it in the past, but he sold it because he is not optimistic on the TSX in general. Government policy is restricting business in Canada he feels. He likes the tech sector, but does not see upside in the higher yield sectors.

A tech ETF recommendation? He likes XLK-N, which has all the big players and of course QQQ-Q and the ZQQ-T. It depends on whether you want a particular skew in Apple, Facebook, etc. The QQQ-Q provides the best diversification he thinks.

A tech ETF recommendation? He likes XLK-N, which has all the big players and of course QQQ-Q and the ZQQ-T. It depends on whether you want a particular skew in Apple, Facebook, etc. The QQQ-Q provides the best diversification he thinks.

A tech ETF recommendation? He likes XLK-N, which has all the big players and of course QQQ-Q and the ZQQ-T. It depends on whether you want a particular skew in Apple, Facebook, etc. The QQQ-Q provides the best diversification he thinks.