Maximizing Returns with Index Funds and ETFs: A Comprehensive Guide
FinanceFinancial MarketsIndex funds and ETFs are a low-cost and low-maintenance way to invest in the stock market. This article explores the S&P 500, TSX 60, SPX ETF, ivv ETF, ETSY, and ETSX, and their potential for maximizing returns.
Understanding Market Cap Weighted Indexes
⭐️Index funds and ETFs that track major stock market indexes are low cost and do not require stock picking.
📈The S&P 500 represents the top 500 companies in the US stock market, while the TSX 60 represents the top 60 companies in the Canadian market.
💰These indexes are market cap weighted, meaning larger companies have a larger portion in the index.
Exploring High-Yield ETF Options
💼The SPX ETF is listed on the Canadian stock market and does not have a 15% withholding tax.
📊The ETF captures 66% of the upside of the S&P 500, but it could be more due to actively managed covered call strategies.
🔍The strategy involves writing covered calls on individual companies and the ivv ETF.
📈The ETF ivv is relatively new but already has a significant AUM of 56 million.
FAQ
What is the difference between ETSY and ETSX?
The US option, ticker symbol ETSY, offers a monthly distribution of $192 and is listed on the US stock market. The Canadian option, ticker symbol ETSX, offers a monthly distribution of 16 cents and is listed on the Canadian stock market.
Why does ETSX have a higher yield than ETSY?
The higher yield of ETSX is due to the recent decline in the Canadian market.
How does ETSX compare to ZWC and CNCC?
ETSX has been beating ZWC in performance within a year. ETSX has higher yield and lower fees compared to ZWC and CNCC.
Summary with Timestamps
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Index funds and ETFs are a low-cost and low-maintenance way to invest in the stock market. This article explores the S&P 500, TSX 60, SPX ETF, ivv ETF, ETSY, and ETSX, and their potential for maximizing returns.
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