Market continues to crash

[cyke69sg]

Currently just sold everything bro. My portfolios from now to the next few months is going to be options in indexes.

If really got big crash, I can jip again. If don't have big movements, I will just collect premiums.

Thanks for sharing bro.

I decided to build up an income portfolio with covered call ETFs. It's essentially investing in the covered call writing business for income. I drip the monthly distributions back into the same ETFs every month. So there is compounding effect. Some of the funds will also move in tandem with the underlying stock assets.

Big crash I still collect the monthly distributions and DRIP.

When I finally do decide to stop working and want to use the income then I will just turn off the DRIP. Every month collect distributions is quite reassuring market up or down.

I hate selling then regret sold too early.
I also hate not selling then when drop wonder why I didn't take some profit.
Psychologically I like that every month I see the income coming in. Every quarter the funds will also adjust the monthly distributions. Can go up can go down. Depending on the fund it can vary how much increase or decrease.

After I hit around $20-30k a month of income generated by this portfolio I will probably look at putting money into growth or look at another investment strategy. Nice to have a variety of strategies in my opinion. I also holding cash which generates pure interest only so I always feel safe even if market really crashing left right center.

Everyone got their own comfort zone.

In the end can make money can already. Can never make ALL of the money ALL the time. No strategy is perfect one lah. Especially for people like me no time to monitor buy and sell during trading hours.

 

[homer123]

Thanks for sharing bro.

I decided to build up an income portfolio with covered call ETFs. It's essentially investing in the covered call writing business for income. I drip the monthly distributions back into the same ETFs every month. So there is compounding effect. Some of the funds will also move in tandem with the underlying stock assets.

Big crash I still collect the monthly distributions and DRIP.

When I finally do decide to stop working and want to use the income then I will just turn off the DRIP. Every month collect distributions is quite reassuring market up or down.

I hate selling then regret sold too early.
I also hate not selling then when drop wonder why I didn't take some profit.
Psychologically I like that every month I see the income coming in. Every quarter the funds will also adjust the monthly distributions. Can go up can go down. Depending on the fund it can vary how much increase or decrease.

After I hit around $20-30k a month of income generated by this portfolio I will probably look at putting money into growth or look at another investment strategy. Nice to have a variety of strategies in my opinion. I also holding cash which generates pure interest only so I always feel safe even if market really crashing left right center.

Everyone got their own comfort zone.

In the end can make money can already. Can never make ALL of the money ALL the time. No strategy is perfect one lah. Especially for people like me no time to monitor buy and sell during trading hours.

what covered call ETFs. you are holding?

 

[cyke69sg]

what covered call ETFs. you are holding?

I only hold the ones listed on TSX.

I used to hold quite a few different ones with split share funds, closed ended funds etc.

But last week I streamlined them to

USCL.TO
QQCL.TO
HHIS.TO
BANK.TO
MSTE.TO

I also have smaller stakes in

EIT/UN.TO
GDV.TO
BTCY.TO
ETHY.TO
HDIV.TO
HDIF.TO
HYLD.TO
HPTY.TO
PWI.TO
RS.TO

I have some fun also with
LLHE.TO
NVHE.TO
PLTE.TO
TSLY.TO
YTSL.TO

 

[DevilPlate]

I only hold the ones listed on TSX.

I used to hold quite a few different ones with split share funds, closed ended funds etc.

But last week I streamlined them to

USCL.TO
QQCL.TO
HHIS.TO
BANK.TO
MSTE.TO

I also have smaller stakes in

EIT/UN.TO
GDV.TO
BTCY.TO
ETHY.TO
HDIV.TO
HDIF.TO
HYLD.TO
HPTY.TO
PWI.TO
RS.TO

I have some fun also with
LLHE.TO
NVHE.TO
PLTE.TO
TSLY.TO
YTSL.TO

Hearsay not good for long term hold leh.
I was looking at QYLD last time but decided to js buy EQQU instead

 

[cyke69sg]

Hearsay not good for long term hold leh.
I was looking at QYLD last time but decided to js buy EQQU instead

It is part of my basket of assets. One of the strategies. If I can live off distributions then my growth portfolio will be for my estate when I die. I also don't have to worry about having to sell the growth index funds.
Overall returns not as good as growth for sure.

 

[DevilPlate]

It is part of my basket of assets. One of the strategies. If I can live off distributions then my growth portfolio will be for my estate when I die. I also don't have to worry about having to sell the growth index funds.
Overall returns not as good as growth for sure.

ok some folks also don’t mind buying those income funds like Pimco income fund which pay 6% dividend (but 2% from NAV)

I hold some Sreits atm……~6% dividend……hoping capital erosion not greater than 2% for next 10-20years

 

[cyke69sg]

ok some folks also don’t mind buying those income funds like Pimco income fund which pay 6% dividend (but 2% from NAV)

I hold some Sreits atm……~6% dividend……hoping capital erosion not greater than 2% for next 10-20years

Covered call is a business in itself.
It's like buying company that makes money writing call options. My income portfolio yields are between 15-20%

And with the monthly paying frequency I can DRIP and compound that 15-20%

 

[AuraKUPO]

Thanks for sharing bro.

I decided to build up an income portfolio with covered call ETFs. It's essentially investing in the covered call writing business for income. I drip the monthly distributions back into the same ETFs every month. So there is compounding effect. Some of the funds will also move in tandem with the underlying stock assets.

Big crash I still collect the monthly distributions and DRIP.

When I finally do decide to stop working and want to use the income then I will just turn off the DRIP. Every month collect distributions is quite reassuring market up or down.

I hate selling then regret sold too early.
I also hate not selling then when drop wonder why I didn't take some profit.
Psychologically I like that every month I see the income coming in. Every quarter the funds will also adjust the monthly distributions. Can go up can go down. Depending on the fund it can vary how much increase or decrease.

After I hit around $20-30k a month of income generated by this portfolio I will probably look at putting money into growth or look at another investment strategy. Nice to have a variety of strategies in my opinion. I also holding cash which generates pure interest only so I always feel safe even if market really crashing left right center.

Everyone got their own comfort zone.

In the end can make money can already. Can never make ALL of the money ALL the time. No strategy is perfect one lah. Especially for people like me no time to monitor buy and sell during trading hours.

I have some in covered call ETF also. It's good to have for generating passive income.

 

[AuraKUPO]

Seems like tonight market is going up again. Analysts and media are writing good news and let wind that it will break ath and go higher high

 

[cyke69sg]

I have some in covered call ETF also. It's good to have for generating passive income.

I live in Canada so tax is a big consideration for me also. These covered call ETFs pay distributions treated as capital gains and return of capital for tax. The ROC is tax free. And 50% of the capital gains component of distributions also tax free. So majority of my distributions are not taxed. By the time my adjusted cost basis goes to zero then the ROC is treated as capital gains also. So still half is tax free.

Held in corporate also can build up my capital dividend account CDA. Then can pull money from corp to personal tax free also.

Plus the passive Income consideration. I don't like to sell my profit generating assets. I also don't like having to manage tenants so I won't own property in Canada for investment anymore. REITS not doing well generally. Might have to wait for more rate cuts. Wear and tear quite big in Canada. Many things to repair and fix.

 

[cyke69sg]

Seems like tonight market is going up again. Analysts and media are writing good news and let wind that it will break ath and go higher high

I am kind of split on this which is good psychologically.

If it goes up I also happy.

If pull back I will buy more with better higher yields.

I usually buy about $10k per week. Some weeks $20k.

We are at the. 5900 resistance. There seems to be more put sold. Which suggests uptrend.

 

[cyke69sg]

Seems like tonight market is going up again. Analysts and media are writing good news and let wind that it will break ath and go higher high

Where u read good news?

I think next step is need Fed to cut rates. I read that Fed will be pressured to cut rates because of the rising govt debt.

 

[AuraKUPO]

Where u read good news?

I think next step is need Fed to cut rates. I read that Fed will be pressured to cut rates because of the rising govt debt.

Subscribe to all those investing section of the news outlet bro. Everyday read from morning till afternoon still cannot finish.

Traders are ignoring fed already since they have acknowledged that interest rates won't come down so soon. Now the focus is on trump on his trade deal. This weekend should have something announce for India, Qatar, china, Japan, SK, Iran.

Then Monday going to chiong again. Every week repeat this week.

 

[cyke69sg]

Subscribe to all those investing section of the news outlet bro. Everyday read from morning till afternoon still cannot finish.

Traders are ignoring fed already since they have acknowledged that interest rates won't come down so soon. Now the focus is on trump on his trade deal. This weekend should have something announce for India, Qatar, china, Japan, SK, Iran.

Then Monday going to chiong again. Every week repeat this week.

Wow.
No pull back at all?

May 20 my next day got money to buy again. Takes 5 business days for the trading brokerage to clear my transfer from corp bank account to corp trading account.

I still think there will be pullback.

I tend to position myself psychologically for all outcomes.

Drop? Got money to buy. Even got big cash reserves to throw in if really market collapse 90%.

If go sideways range bound then collect income to compound.

If go up is still the best of course but really market keep going up non stop all the time?

 

[harbinger255]

Wow.
No pull back at all?

May 20 my next day got money to buy again. Takes 5 business days for the trading brokerage to clear my transfer from corp bank account to corp trading account.

I still think there will be pullback.

I tend to position myself psychologically for all outcomes.

Drop? Got money to buy. Even got big cash reserves to throw in if really market collapse 90%.

If go sideways range bound then collect income to compound.

If go up is still the best of course but really market keep going up non stop all the time?

Ready yourself psychologically to be trolled by that fella also...

 

[AuraKUPO]

Wow.
No pull back at all?

May 20 my next day got money to buy again. Takes 5 business days for the trading brokerage to clear my transfer from corp bank account to corp trading account.

I still think there will be pullback.

I tend to position myself psychologically for all outcomes.

Drop? Got money to buy. Even got big cash reserves to throw in if really market collapse 90%.

If go sideways range bound then collect income to compound.

If go up is still the best of course but really market keep going up non stop all the time?

Market will break the previous ath, then pull back abit. But the pullback will still be above 6000 range. Don't think of 4800 range ever again.

 

[cyke69sg]

Market will break the previous ath, then pull back abit. But the pullback will still be above 6000 range. Don't think of 4800 range ever again.

Back in Dec 2024 what was your target for the drop? You called it right as well?

Interesting bold calls you have.

Where is that guy @Gattberserk ? You remember him? He invest in China stocks .

 

[cyke69sg]

Ready yourself psychologically to be trolled by that fella also...

So far @AuraKUPO bro has been kind to me.

 

[Ahemahem]

Trump to keep china Tariffs at 30% even after 90 day truce

 

[AuraKUPO]

Back in Dec 2024 what was your target for the drop? You called it right as well?

Interesting bold calls you have.

Where is that guy @Gattberserk ? You remember him? He invest in China stocks .

Back then was in a different economy climate. Sky changes every, don't talk about stock market. Now is summer time, everything is hot hot. Stock market also go up up.