Chapter 1: Understanding Income-Oriented Investing
Income-oriented investing is a long-term strategy aimed at generating consistent monthly passive income. The main objective is to invest in funds that hold high-quality dividend stocks or indexes, employing income-enhancing strategies like covered calls and leverage.
A content creator on YouTube follows this strategy, and in a recent video, they shared their investment approach and portfolio details.
The content creator uses a portfolio tracking tool called “Passive” to monitor their six investing accounts, which have a total value of around 1.1 million. The primary portfolio consists of their Tax-Free Savings Account (TFSA), their spouse’s TFSA, and a joint cash account. Their retirement accounts include a Registered Retirement Savings Plan (RRSP), a spouse’s RRSP, and a smaller account.
In March, they made some changes, selling their holdings in ORC and ETHY.U, resulting in losses. However, they consider these losses acceptable as their RRSP is their “fun account” focused on maximizing yield.
They reinvested the proceeds from the sold holdings into ORA and TSLY, high-yield exchange-traded funds (ETFs) that use synthetic covered call strategies on Tesla and ARK ETFs, respectively. They also added to their core holding in HYGW, an iShares corporate bond covered call ETF, and continue to invest in ASR, a gold mining company. These investments have contributed to their overall yield, which currently stands at 21.57%.
The content creator recommends using the “Passive” portfolio tracking tool, which offers a free version and an elite membership for Questrade users. This tool helps them monitor their accounts, track dividends, and create models to effectively manage their portfolio.
Another source provides insights into the content creator’s portfolio performance. Core positions in the portfolio include HYLD, HD, HDIF, and BMAX. The portfolio has seen a 10% decrease, but the main focus is on generating monthly income, which currently amounts to $6,600 per month. Additionally, the portfolio has a total return of 36.45% if sold tomorrow.
The content creator also shares updates on various funds. ESVOL is performing well and is a staple in the portfolio. CEFD has been affected by struggles in the fixed income market but is performing as expected. HYGW is performing well and provides a high yield. USOI, a niche position, provides higher income due to oil price volatility. BDCX offers a quarterly dividend and is designed for high income. ARC and TSLY provide high dividends, but there may be volatility in distributions.
The content creator emphasizes their preference for ETFs due to their broader scope compared to single stocks. The retirement accounts aim to generate as much income as possible, while the main portfolio supports living expenses.
The content creator mentions other updates, such as coaching sessions, the availability of the Ultimate DIY Investing Package, and the use of the Blossom investing app. They recommend a Canadian discount broker that offers free stock purchases and the “Passive” portfolio tracking tool. They also mention their invite-only Facebook group, “Passive Income Investing,” which has over 13,000 members. The content creator can be followed on Instagram for a glimpse into their personal journey in Panama.
It is important to note that the content creator is not a licensed or registered financial advisor. Their content is for educational purposes only, and viewers should conduct their own research and due diligence.
To conclude, income-oriented investing aims to generate consistent monthly passive income. The content creator follows this strategy and utilizes various funds and strategies to achieve their goals. They recommend portfolio tracking tools, discuss their portfolio performance, and provide updates on specific funds. It’s important to conduct personal research and due diligence when making investment decisions.
Chapter 2: The Content Creator’s Investment Approach and Portfolio Details
Income-oriented investing is a long-term strategy aimed at generating consistent monthly passive income. The main objective is to invest in funds that hold high-quality dividend stocks or indexes, employing income-enhancing strategies like covered calls and leverage. A content creator on YouTube follows this strategy, and in a recent video, they shared their investment approach and portfolio details.
The content creator uses a portfolio tracking tool called “Passive” to monitor their six investing accounts, which have a total value of around 1.1 million. The primary portfolio consists of their Tax-Free Savings Account (TFSA), their spouse’s TFSA, and a joint cash account. Their retirement accounts include a Registered Retirement Savings Plan (RRSP), a spouse’s RRSP, and a smaller account. In March, they made some changes, selling their holdings in ORC and ETHY.U, resulting in losses. However, they consider these losses acceptable as their RRSP is their “fun account” focused on maximizing yield.
They reinvested the proceeds from the sold holdings into ORA and TSLY, high-yield exchange-traded funds (ETFs) that use synthetic covered call strategies on Tesla and ARK ETFs, respectively. They also added to their core holding in HYGW, an iShares corporate bond covered call ETF, and continue to invest in ASR, a gold mining company. These investments have contributed to their overall yield, which currently stands at 21.57%.
The content creator recommends using the “Passive” portfolio tracking tool, which offers a free version and an elite membership for Questrade users. This tool helps them monitor their accounts, track dividends, and create models to effectively manage their portfolio.
Another source provides insights into the content creator’s portfolio performance. Core positions in the portfolio include HYLD, HD, HDIF, and BMAX. The portfolio has seen a 10% decrease, but the main focus is on generating monthly income, which currently amounts to $6,600 per month. Additionally, the portfolio has a total return of 36.45% if sold tomorrow. Objectives include a minimum 10% yield, at least 10% real estate exposure, a maximum of 10% crypto, and no dividend reinvestment plan (DRIP) active on any accounts.
The content creator also shares updates on various funds. ESVOL is performing well and is a staple in the portfolio. CEFD has been affected by struggles in the fixed income market but is performing as expected. HYGW is performing well and provides a high yield. USOI, a niche position, provides higher income due to oil price volatility. BDCX offers a quarterly dividend and is designed for high income. ARC and TSLY provide high dividends, but there may be volatility in distributions.
The content creator emphasizes their preference for ETFs due to their broader scope compared to single stocks. The retirement accounts aim to generate as much income as possible, while the main portfolio supports living expenses.
The content creator mentions other updates, such as coaching sessions, the availability of the Ultimate DIY Investing Package, and the use of the Blossom investing app. They recommend a Canadian discount broker that offers free stock purchases and the “Passive” portfolio tracking tool. They also mention their invite-only Facebook group, “Passive Income Investing,” which has over 13,000 members. The content creator can be followed on Instagram for a glimpse into their personal journey in Panama.
It is important to note that the content creator is not a licensed or registered financial advisor. Their content is for educational purposes only, and viewers should conduct their own research and due diligence.
Chapter 3: Monitoring and Managing the Portfolio with Passive
Income-oriented investing is a strategy that focuses on generating consistent monthly passive income over the long term. Achieving this objective requires investing in funds that hold high-quality dividend stocks or indexes while employing income-enhancing strategies such as covered calls and leverage. Now, let’s dive into how a content creator on YouTube manages their income-oriented investment portfolio with the help of a portfolio tracking tool called “Passive”.
The content creator uses Passive to monitor their six investing accounts, which have a combined value of approximately $1.1 million. The primary portfolio includes their Tax-Free Savings Account (TFSA), their spouse’s TFSA, and a joint cash account. Additionally, they have retirement accounts comprising a Registered Retirement Savings Plan (RRSP), a spouse’s RRSP, and a smaller account.
In March, the content creator made some changes to their portfolio. They decided to sell their holdings in ORC and ETHY.U, resulting in some losses. Despite these losses, they considered them acceptable since their RRSP account is their “fun account” primarily focused on maximizing yield.
The proceeds from the sold holdings were reinvested into ORA and TSLY – two high-yield exchange-traded funds (ETFs) that utilize synthetic covered call strategies on Tesla and ARK ETFs, respectively. The content creator also added to their core holding in HYGW, an iShares corporate bond covered call ETF, and continued investing in ASR, a gold mining company. These investments have contributed to the overall yield of their portfolio, which currently stands at an impressive 21.57%.
To effectively manage their portfolio and stay on top of their investments, the content creator highly recommends using the “Passive” portfolio tracking tool. This tool offers both a free version and an elite membership for Questrade users. With Passive, investors can easily monitor their accounts, track dividends, and create models that help optimize their portfolio management.
In addition to the Passive tool, there are other sources that provide valuable insights into the content creator’s portfolio performance. Core positions in their portfolio include HYLD, HD, HDIF, and BMAX. Although the portfolio has experienced a 10% decrease in value, the primary focus remains on generating monthly income, which currently amounts to $6,600 per month. Furthermore, if the portfolio were to be sold tomorrow, it has a total return of 36.45%.
Specific objectives of the content creator’s portfolio include achieving a minimum 10% yield, maintaining a real estate exposure of at least 10%, limiting cryptocurrency allocation to a maximum of 10%, and not utilizing any dividend reinvestment plans (DRIP) for their accounts.
The content creator also provides updates on the performance of various funds in their portfolio. ESVOL is a staple position that has been performing well. On the other hand, CEFD has faced some challenges in the fixed income market but is still performing as expected. HYGW continues to deliver a high yield and has shown favorable performance. USOI, a niche position, provides higher income due to oil price volatility. BDCX offers a quarterly dividend and targets high income. Lastly, ARC and TSLY provide attractive dividends, although there may be some volatility in their distributions.
ETFs are the preferred investment vehicle for the content creator due to their broader scope compared to individual stocks. Their retirement accounts aim to generate as much income as possible, while the main portfolio supports their day-to-day living expenses.
In addition to portfolio management strategies and updates, the content creator shares various recommendations and resources. They mention coaching sessions, the availability of the Ultimate DIY Investing Package, and the use of the Blossom investing app. They also recommend a Canadian discount broker that offers free stock purchases, as well as utilizing the “Passive” portfolio tracking tool. Moreover, they highlight their invite-only Facebook group, “Passive Income Investing,” which attracts more than 13,000 members. To gain further insights into their personal journey in Panama, the content creator can be followed on Instagram.
It is important to note that the content creator is not a licensed or registered financial advisor. Their content is intended solely for educational purposes, and viewers should conduct their own research and due diligence before making any investment decisions.
In conclusion, income-oriented investing is a strategy aimed at generating consistent monthly passive income. The content creator follows this strategy and efficiently manages their portfolio using tools like Passive. By investing in high-yield funds and employing various strategies, they have been able to achieve an impressive overall yield. However, it’s crucial for individuals to conduct their own research and due diligence when making investment decisions, as everyone’s financial situation and risk tolerance can vary.
Chapter 4: Updates, Recommendations, and Other Resources
Income-oriented investing is a long-term strategy focused on generating consistent monthly passive income. In Chapter 3, we explored how a content creator on YouTube utilizes this investment approach and shared their portfolio details. In this chapter, we will delve into the updates, recommendations, and other resources that can enhance your income-oriented investing journey.
The content creator relies on a powerful portfolio tracking tool called “Passive” to monitor their six investing accounts, which have a combined value of approximately 1.1 million. Their primary portfolio includes their Tax-Free Savings Account (TFSA), their spouse’s TFSA, and a joint cash account. Additionally, their retirement accounts consist of a Registered Retirement Savings Plan (RRSP), their spouse’s RRSP, and a smaller account.
March brought some changes to the content creator’s portfolio, as they decided to sell their holdings in ORC and ETHY.U, resulting in losses. However, considering their RRSP as their “fun account” aimed at maximizing yield, they deemed these losses acceptable. To reinvest the proceeds, they allocated funds to ORA and TSLY, high-yield exchange-traded funds (ETFs) that employ synthetic covered call strategies on Tesla and ARK ETFs, respectively.
Additionally, the content creator increased their holdings in HYGW, an iShares corporate bond covered call ETF, to further enhance their income. They continue to invest in ASR, a gold mining company, which has also contributed to their overall yield. At present, their yield stands at an impressive 21.57%.
When it comes to managing their portfolio, the content creator highly recommends using the “Passive” portfolio tracking tool. This tool offers a free version and also provides an elite membership option for Questrade users. With “Passive,” investors can effectively monitor their accounts, track dividends, and create models to optimize their portfolio performance.
In addition to the content creator’s insights, we can also explore other sources for valuable information regarding their portfolio performance. Core positions in their portfolio include HYLD, HD, HDIF, and BMAX. Although the portfolio experienced a 10% decrease, the primary goal remains generating consistent monthly income. To date, their portfolio generates a remarkable $6,600 per month in income. Furthermore, if sold tomorrow, the portfolio has a total return of 36.45%.
To ensure a well-diversified portfolio, the content creator sets objectives such as a minimum 10% yield, at least 10% real estate exposure, a maximum of 10% allocated to cryptocurrencies, and no active dividend reinvestment plan (DRIP) on any accounts.
Now, let’s delve into updates on various funds within the content creator’s portfolio. ESVOL, a staple in their portfolio, has been performing well. Although CEFD has faced challenges in the fixed income market, it has delivered results as expected. HYGW, the iShares corporate bond covered call ETF, continues to provide a high yield. USOI, a niche position, benefits from oil price volatility, resulting in higher income. BDCX offers a quarterly dividend and is designed for generating high income. Lastly, ARC and TSLY, despite offering high dividends, may experience some volatility in distributions.
The content creator places a strong emphasis on utilizing ETFs within their portfolio due to their broader scope compared to single stocks. While the retirement accounts focus on generating as much income as possible, the main portfolio supports the content creator’s living expenses.
In addition to portfolio updates, the content creator shares key recommendations and resources that can enhance income-oriented investing. They highly recommend using the “Passive” portfolio tracking tool, which aids investors in effective portfolio management. This tool offers a free version, making it accessible to all investors, while the elite membership option provides additional features for Questrade users.
Furthermore, the content creator mentions other valuable resources, such as coaching sessions and the availability of the Ultimate DIY Investing Package. They also highlight the usefulness of the Blossom investing app. For investors seeking a Canadian discount broker that offers free stock purchases, the content creator recommends a specific option.
Moreover, the content creator invites individuals to join their exclusive Facebook group, “Passive Income Investing,” which boasts over 13,000 members. The group serves as a platform for like-minded investors to exchange ideas and insights. Additionally, the content creator provides a glimpse into their personal journey in Panama through their Instagram account, offering a unique perspective on their income-oriented investing experience.
It is crucial to note that the content creator is not a licensed or registered financial advisor. Their content is intended for educational purposes only, and viewers are strongly encouraged to conduct their own research and due diligence before making any investment decisions.
To summarize, income-oriented investing is a strategic approach aimed at generating consistent monthly passive income. By following the content creator’s investment approach and utilizing helpful tools like the “Passive” portfolio tracking tool, investors can effectively manage their portfolios and enhance their income potential. Additionally, the content creator provides valuable updates on specific funds within their portfolio, recommends useful resources, and emphasizes the importance of conducting personal research and due diligence. With these insights, investors can embark on a successful income-oriented investing journey.
