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 dividend income earned on the equity holdings, mitigate risk and reduce volatility, HMAX will employ a covered call option writing program.

TSX:HMAX - Post by User

Hamilton Canadian Financials Yield Maximizer ETF

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Comment by Couchpiloton Apr 18, 2023 11:48am

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Post# 35400736

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 federal dividend tax credit. I just think it's a mistake to put it all in one place. There are enough products out there that you don't need to take that uneccessary risk. Just do your due diligence re tx info re what comprises the dividends. I'm recently retired, you're going to love it!

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A junior miner and long-term compounder to invest in gold's resurgence