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Bullboard - Stock Discussion Forum Hamilton Canadian Financials Yield Maximizer ETF T.HMAX

Alternate Symbol(s):  HFMXF

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement... see more

Bullboard (TSX:HMAX)

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(74)
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  • ANALOG GUYX
Comment by ANALOG GUYon Apr 18, 2023 5:15pm

RE:RE:Put all my savings into HMAX and retire?

This ETF is great for tax efficient monthly income  I also like the fact that it doesn't use leverage which can decay the price over time  Retirement "Best Job Ever " 
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(8)
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  • CouchpilotX
Comment by Couchpiloton Apr 18, 2023 11:48am

RE:Put all my savings into HMAX and retire?

Steamo, I'm considering something similar albeit with a reverse mortgage to pull out $1M in equity. This nets me a giant interest deduction from my net income, as well as a hefty provincial and ...more  
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(74)
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  • ANALOG GUYX
Post by ANALOG GUYon Apr 18, 2023 11:28am

Upgrade

CIBC analyst upgrades TD to a Buy
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(74)
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  • ANALOG GUYX
Post by ANALOG GUYon Apr 13, 2023 6:33pm

Bot today

2200 @ $15   Head guy at Hamilton was an award winning bank analyst before he started Hamilton. Says banks are undervalued......we shall see 
Comment by Steamoon Apr 12, 2023 2:18pm

RE:RE:RE:Put all my savings into HMAX and retire?

I would think it's the stock that gets called away not the option premium, no?  The fund should keep the premium no matter what.  And then with the proceeds of the sale of the called ...more  
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(1)
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  • silverbear46X
Comment by silverbear46on Apr 11, 2023 8:27pm

RE:RE:Put all my savings into HMAX and retire?

I have owned HMAX since it was issued. The only concern that I have is that by writing at the money call options, they run the risk of getting "called away" as the option moves above the ...more  
Comment by Steamoon Apr 11, 2023 4:04pm

RE:RE:Put all my savings into HMAX and retire?

Hmm, 13.7% yield on ENCC, that's the kind of yield I like.  A diversified portfolio of covered call sector ETFs, that might be a good strategy to build a passive income.  Thanks for the ...more  
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(74)
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  • ANALOG GUYX
Comment by ANALOG GUYon Apr 10, 2023 5:55pm

RE:Put all my savings into HMAX and retire?

Financials are down worldwide and now is probably a good entry point for HMAX.  it's only paid 2 dividends so whether they can keep up the.18 dividend is a question  If it's ...more  
Post by Steamoon Apr 09, 2023 4:58am

Put all my savings into HMAX and retire?

I mean with a 15% yield, if it keeps paying, my $500k in assets would give me $75k passive income, that's enough for me.  Not saying I'm going to do that, just "putting it out there ...more  
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(688)
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  • CountryBoy69X
Post by CountryBoy69on Apr 06, 2023 3:15pm

Steamo

BMO has paid dividends since conception inl believe 1822 and to the best of my knowledge none of the Big 5 have ever cut including the Great Depression and the 2008 debacle. I know one of Canada's ...more  
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(74)
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  • ANALOG GUYX
Post by ANALOG GUYon Apr 05, 2023 9:27am

TD Shorts

TD is now the largest shorted bank in the world  $3.7 billion short value  US investments coming into question 
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(1)
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  • Mckessa1717X
Comment by Mckessa1717on Mar 31, 2023 4:17am

RE:Capital erosion?

It's a combination shell game plus ponzi scheme.
Comment by Steamoon Mar 18, 2023 12:15pm

RE:RE:RE:Slow grind lower

The reason I invested in this as opposed to a regular Canadian bank stock ETF is that I get paid to wait with the higher distributions thanks to the covered call premiums. I intend to get growth in ...more  
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