Mr. Money Mind

#HMAX #hyld #coveredcall #passiveincome 

HMAX is designed for attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services stocks. To reduce volatility and augment dividend income, HMAX will employ an active covered call strategy.

A GOOD FIT FOR INVESTORS WHO WANT:

- Higher monthly income

- Blue-chip Canadian banks/financials exposure

- Tax efficient distributions

- Reduced volatility from options strategy

This is an interview with Tiffany, a momentum trader with experience in meme stocks trading. she shares her trading experience regarding:

- How to pick and trade meme stocks

- How short squeeze works and how it occurs 

- Tricks trading using momentum trading for quick gains

Analysis paralysis is an affliction people get when they overthink a problem or situation and can't decide.

8 steps:

1. Recognize it

2. Prioritize the decisions

3. Take a break

4. Ask someone for advice

5. Make quick decisions

6. Set a deadline

7. Understand your goals

8. Limit your information intake

#HYLD #coveredcall #etf #passiveincome 

The fund seeks to provide attractive monthly income and long-term capital appreciation from a diversified, multi-sector portfolio of primarily covered call ETFs, primarily focused on the U.S.

Check this website for details: https://hamiltonetfs.com/etf/hyld/

Also check our website: mr-moneymind.com

Invesco QQQ is an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index™. The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap.

The Invesco QQQ ETF, which tracks the Nasdaq-100 Index, ranks in the top 1% of large-cap growth-funds. Since its formation in 1999, QQQ has demonstrated a history of outperformance, consistently beating the S&P 500 Index.

Who should invest in it?

Any investor who has a long goals ranging from 5 to ten years.

#TheNasdaq, #Techbubble2021, #Stockmarketcrash 

The technology sector is not in a bubble, despite trading near record highs after last week's abrupt sell-off, according to the world's largest wealth manager.   

Valuation: Technology companies are trading at 27 times their expected future earnings. Dotcom bubble of 2000s, the forward price-to-earnings ratio for the Nasdaq was above 70.   

Earning and interest rate: Second, downward correction does not imply the start of a more protracted decline, especially given central banks keep interest rates at rock bottom. The crash: The bubble burst in early 2000, and the Nasdaq lost over 70% of its value between 2000 and late 2002.

Loaning is a lifeline of our economy and a credit history and score is a metric lenders use when deciding who to lend the money to.

1. Pay your bills on time.

2. Use less than 30% of your credit limit.

3. Keep your credit history longer

4. Minimize your credit inquiries/ checks.

5. Maintain your credit balance or available credit across all accounts.

6. Do not apply for too many credit cards or loans. 

Investing your money in Canada, first, you need to know what your goals are for investing. Is it a short term or a long term?

*Solutions:

1) Short term - put your money in the saving account.

2) Long term - invest in the stock market.

*Account Types:

1) Registered Retirement Savings Plan or Account (RRSP)

2) Tax-Free Savings Account (TFSA)

3) Registered Education Savings Plan or Account (RESP)

4) Taxable Account or Margin Account (it can be a personal or business account)

*Place To Have Your Account:

1) Online brokers (QUESTRADE, WEALTHSIMPLE, INTERACTIVE BROKERS etc.)

2) Traditional banks (TD, CIBC, BMO, RBC, SCOTIA)

YouTube videos

Website- Investing