I chose these ETFs because most CC ETFs are sector funds. To test whether the outcome was a fluke of ZDY/ZWH, I applied the same analysis to other ETFs (eg, ZEB & ZWB). Not incl in the article but similar outcome. ZEB investor was better off than in ZWB, but by a smaller amount.

…each investor received the identical amt of after-tax cash flow. CC investor paid more tax & was left with nearly $300k LESS in ending market value at the end of ten years.

Pure, simple equity exposure (no options) & selling units to top up cash flow was more efficient than CC

CC strategies underperform in most environments, including “flat markets”.

Exception: flat markets that last no more than a year.

I expand on these details & more in my latest article. www.highviewfin.com/blog/do-cove... 4/4

“Flat Markets” are not flat at all, but periods marked by strong upward surges followed by punishing declines – aka plenty of volatility. Example 👇 3/4

When sending prospecting emails, get the name of your prospects correct. This was the second email with the wrong name from the same sender. 🤣

Nobody was asking for this. Rather, it is just the latest in a long string of examples of the fund/ETF industry launching a bunch of products and seeing what attracts assets.

This is helpful only to the sponsor generating the fee revenue. It helps nobody else. Nobody.

Gee, what a surprise. 🙄

I wrote a detailed outline before writing my article. I expanded that to give ChatGPT a lot of guidance - eg, three traits, articles to reference, etc. here’s a sample of where it landed.

It did a good job.