u/Fleyz

Hello, hope everyone is having a wonderful time and enjoying the nice weather out. 

For those who tune in for the first time, this is a series of post where I update my journey of living off my Income portfolio (heavy leaned in Covered Call ETFs) and compares the drawdown to other popular ETFs portfolio such as VFV, XEQT, HYLD, and QQC to see how my portfolio would have performed if I stick to a more traditional holdings.  

**Please note that the screen shot is a day ahead of the record date**

The past few months our portfolio has been pretty flat and barely made any movement. Part of the portfolio is performing well, but some other part is under performing significantly.

Our ORCL option leaps have been the main drag on the portfolio returns (Margin Account). Mid month the portfolio dipped to around 280k but rebounded back by the time of recording.

For Living Expense CC portion of the portfolio, things are moving along normally. YTSL took a decent hit due to TSLA dropped quite a bit in price, but overall the portfolio is doing ok. We did manage to make quite a bit from put selling this month due to high volatility and tech earnings. All the put sold were of MU (Micron). They were mostly short term put selling. The IV on MU was pretty insane where you can be 20% out of the money on weeklies and still able to make trade that annualized over 25%. We were able to generate an extra 5k this month, all of which were reinvested in to QQQY.to. This month is definitely an anomaly, and it's not something I expect to happen every month.

I got some message asking about the portfolio holdings and why not I add X Y or Z. Personally I like to keep things as simple as possible (at least for the Living Expense portion of the portfolio). I also find a lot of CC ETFs are either paying too much or the yield generate from it doesn't really add up for me. I don't want to get technical, but we can see how the yield is generate based on the public option chains and determine if the yield the ETF is paying make sense or not. I can explain my rationale a bit more if anyone is interested.

Core Holdings: This portion of the portfolio acts like a backup per say. I'm not touching any distribution generated from this portfolio, and everything is reinvested. All the portfolio in CH are registered account.

Theoretical Portfolio:

QQC is now in a lead, though it did dip a bit from the recent tech sell off and hasnt fully recovered

XEQT is still going strong and performing steadily.

HYLD also been a solid performer despite all the volatility in the market. At a few points through out the last month, HYLD did outperform XEQT.

VFV is moving along well, but significantly underperformed all other portfolio. Though despite all the withdraws, it is still up a decent amount since we started tracking.

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The goal currently is to build the cash pile back up to. This cash pile act as a spending cash and also an emergency fund. Ideally we want to be carrying at least 12 months worth of expense in cash.

Life stuff:

Not much is happening the past month, just same old hospitals and chill (lol)

If you've been following the journey about my mom's health. Things aren't great, but it's not getting worse which I am thankful for. We aren't losing hope!

Take care of your health and your loved ones everyone!

Have a good month! 

Hello, back again for update #21. Hope everybody is doing well and enjoying the summer.

For those of who tune in for the first time, this is a series of post where I update my journey of living off my Income portfolio (heavy leaned in Covered Call ETFs) and compares the drawdown to other popular ETFs portfolio such as VFV, XEQT, HYLD, and QQC to see how my portfolio would have performed if I stick to a more traditional holdings. 

Here's the update to the portfolio this month:

Core Holding: Nothing really change here, everything just chugging along as plan and every thing is reinvested.

Living Expense Portfolio: This part of the portfolio is being drawdown quite aggressively but so far it is holding up ok. I've been selling some put option here and there out of this portfolio margin. Usually I will reinvest the put option premium, but decided to withdraw to pad the cash position this month. This resulted in larger withdraw this month.

Margin Account: The past couple months has been pretty lackluster for this portion of the portfolio due to heavy exposure to AMZN which stay relatively flat/drop slightly, and ORCL leaps which took a big beating. Our RDDT position is doing well, but it was not enough to make up the drop of the other portion. 

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Due to the underperformance on the Margin Account which resulting in our Main portfolio remained relatively flat in the past month, QQC test portfolio has now widening the lead!

On the other side of the experiment, HYLD is starting to catch up to XEQT while VFV also starting to close the gap. 

Our cash position is still way less than ideal at the moment. I might look to withdraw more from LE, depending on if we sell any option this month.

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Life stuff:

We went to a meet up event with a Income investing youtuber we followed recently. Got to meet many other people who are with interest. Though we don't agree on everything, but it was interesting to hear their perspectives on things.

Other than the past month was not that interesting and mostly a repeat of last month. 

Still a lot of hospital visit to figure out where to go next. The blood result is very low but steady for now. Dr. Suggest we might need to go for a second round of chemo, but it's still up in the air.

Hello!

Back again with another update. Hope everyone is doing well! Reddit change a posting format so hopefully the formatting looks alright.

For those of who tune in for the first time, this is a series of post where I update my journey of living off my Income portfolio (heavy leaned in Covered Call ETFs) and compares the drawdown to other popular ETFs portfolio such as VFV, XEQT, HYLD, and QQC to see how my portfolio would have performed if I stick to a more traditional holdings. 

Margin Account: The past month has been rather volatile our portfolio took a bit of a hit from ORCL earning drop and AMZN. The portfolio is fairly heavy into these 2 names so the moved affected portfolio quite a bit. We did transitioned out of AMZN leaps early, but still holding on to the shares.

Income portion of the portfolio is still performs as planned. However, due to the nature of the holdings in the Living Expense portfolio, I can see it drops into the 200s if market were to have a prolonged drop. We did manage to make some extra cash on the side selling put on margin and invested everything back in (about 2k)

Core holding side nothing new, everything is still reinvested back and have been growing steadily.

QQC portfolio is now in a healthy lead! HYLD did at one point pass XEQT, but were hit with the final week volatility, while XEQT kept very steady. VFV is still moving along nicely, though did not perform as well as other portfolio in this experiment.

Life stuff:

We've been pushing ourselves to go out a bit more to try new food. We had some friends visiting this month and next from out of town that we havent seen in a while, so that was nice.

Unfortunately, mom's biopsy didnt turn out so well and after the chemo+transplant they still find blast cells in her bone marrow. The doctor is suggesting some other measures, so we can only hope for the best.