Hamilton Canadian Financials Yield Maximizer ETF T.HMAX

RE:RE:RE:Slow grind lower

[Steamo]

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 this investment over time by reinvesting the distributions.  Market appreciation is secondary.

The only thing that would concern me is if the banks started cutting their dividends.  But I don't see that happening in the near future.

But there are risks in every investment, and to get yields like this you have to take on some risk.  If you're content with 5% and just want to preserve your capital, then you want to be looking at GICs.  And soon, before rates go back down again.