Calymore Canadian Financial Monthly Income ETF

Calymore Canadian Financial Monthly Income ETF is a basket of Canadian Financial companies in one ETF. It pays $0.04 per month as dividend. The ETF last paid on December 23, 2011 for $0.04 every share you own.

52 week trading in the range of $5.86 - $7.34. I am comparing this to TD Monthly Income fund that also pay monthly income. For 1 year performance, TD Monthly income fund outperform the ETF over 10%. (TD gain 0.79% while FIE lost 9.82%).

Trading ETF with no fee

There are a lot of products that now trade specific ETF without any trading fee. Be careful with these products and make sure you read the prospective of the product.

There are 3 brokers now that have commission free ETF: Scotia iTrade, Qtrade Investor and Virtual Brokers.

However, none of the above three brokers offers the following commission free ETF:

1) iShares S&P/TSX 60 Index Fund (XIU)-T17.55----%) which is the largest Candian ETF accessing 60 biggest publicly traded Canadian companies .

2) iShares DEX Universe Bond Index Fund (XBB) - accessing the whole Canadian bond market

Introduction to ETF Income

This blog intends to help people who has a strong belief in passive income. ETF - Exchange-Traded Fund is an easy and simply way to diversify your portfolio. Moreover, I am a strong believer of passive income without taking any risk of individual stock. Therefore, a basket of dividend paying stocks is the way to go to have a safe, simply and diversified portfolio.

Welcome to ETF Income Blog. Let share some of your insights on your investment journey.

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XIT (TSX) concentrates on Waterloo Companies

An example of ETF that concentrate on one or two hightech stocks in Canada is not a good idea. For example, for MER 0.55%, you are getting:

29% - RESEARCH IN MOTION
18% - NORTEL NETWORKS CORP
17% - CGI GROUP INC - CL A
10% - OPEN TEXT CORP
10% - CELESTICA INC
7% - MACDONALD DETTWILER & ASSOC
7% - TERANET INCOME FUND
2% - AASTRA TECHNOLOGIES LTD

39% of the portfolio are companies located at Waterloo, Ontario.

Becareful when you adding ETF into your portfolios.

Visa and MasterCard Stock

Visa and Mastercard stocks have been up quite a lot. I admit that I have miss the boat. However, I am not taking any risk on non-dividend paying stock even Mastercard has a very small dividend yield.

One way to play using ETF is the "First Trust IPOX 100 Index ETF" (FPX). The ETF tracks an index of top 100 IPOs. The fund allows you to play IPOs without volatile movements because it only adds the new IPO on their seventh trading day in the market.

Another ETF is (IYF) which is the iShares Dow Jones US Financial Sector which Visa could be next to join into the index.

Dividend Trusts

Daylight Resources Trust (DAY.UN) in TSX is one of the higher potion of gas in its production. The yield as of February 13, 2008 is around 14.11%. Investor should consider this stock for part of its income portfolio.

Horizons BetaPro ETF

Horizons BetaPro ETFs celebrating their 1st Anniversary and the launch of 10 additional ETFs click here for your invitation