If you were approaching retirement and you needed to invest your nest egg into a product that would give you a stable source of income, what would you choose?
This is Canada, so obviously you’re going to put it in an income fund.
Structured products like, YieldMax and other leveraged and covered calls funds are all the rage these days. Even though, as Ben Felix put it, 👇🏽
Most of these funds don’t have a sustainable distribution yield and tend to reduce them over time. The EIT Income Fund ETF from Canoe Financial is a rarity because of its persistence. Its distribution has remained at $0.10/month, though its share price has fluctuated.
Sounds great? Well, Not really.
Discussion