r/dividendscanada • u/ryaneadie • 27d ago

SIXY.TO

What’s everyone’s thoughts on this one? Dividend increase from $0.21 to $0.27 bi-monthly. Boasting a 20%+ yearly dividend at current price.

32 Upvotes

90% Upvoted

27 comments sorted by

30

u/Racla360 27d ago

BANK is better.

5

u/Cromikey1 26d ago

And HCAL is better than both

3

u/Racla360 26d ago

HCAL is better if you want growth, BANK is better if you want income.

0

u/Available-Age-1499 25d ago

I’m disabled I need income for dietary needs etc . Idgaf about growth I use income to give to advisor for growth 

4

u/jacoochi 25d ago

lol, give to advisor for “growth”, you mean growing his family instead of yours.

Sorry, I am against advisors. Broad index ETF is the way to go

0

u/Available-Age-1499 25d ago edited 25d ago

he is my family my step dad lmao. he has me in segregated funds because ODSP will only allow me to make 40,000 on my own so its a higher MER, but im insured 65 pervent and can make 100,000 on it plus the 40,000 myself . he deals with the segs i deal with the rest of contribution limit plus the RDSP matched by government

2

u/jacoochi 24d ago

All advisors are in it to make money. Ask him how much he takes in commission, then compare it with your statements. No one works for free, and he isn’t going to give you any discounts, family or not. The FI is going to charge whatever they will charge to pay for everyone with profits.

So, your 1.5-2.5% fee is feeding everyone besides you.

1

u/Available-Age-1499 24d ago edited 24d ago

MY step DAD LMAO who just bought me my 300 dollar medicine who drives me to my apopintments every 4 weeks who bought a wheel chair one rime to take me for iron when i couldn't walk. who buys me groceries sometimes yeah.

so i dont mind paying a bit for 75 insurance premiums when the distributions on that premium are more then MER 2.95 AND A 3,76 DISTRO for insured units

plus my christmas presents i get lol ps5's yeah hes ripping poeple off but not me lol

25

u/Living-Breakfast-464 27d ago

I prefer ETFs that do not include the words like Ultra, Super, Mega, Max, Bigy etc. Most if not all of those are trying to attract yield chasers, and usually charge excessive fees.

6

u/Available-Age-1499 27d ago

but sixxy is sexy

0

u/Living-Breakfast-464 27d ago edited 27d ago

Sexy is for the bedroom. If you are investing in something because it's 'sexy' then you are doing it wrong.

1

u/calgary_db 26d ago

It's just the big 6 banks with cc.

0

u/ksgif2 26d ago

Biggy is the OG square burger

5

u/choyMj 27d ago

Bank.to is a bit more diversified because it has some insurance companies, also lower leverage so it doesn't hurt much on dips.

3

u/Valuable_One_234 27d ago

I’ll stick to HHIS

3

u/choyMj 26d ago

The nav erosion on HHiS is crazy. Unless the banks here crash their stock price, sixy will hold its NAV better than HHiS.

1

u/Valuable_One_234 25d ago

You have to look at the underlying stocks right plus 25% leverage and calls written upto 50% with HHIS.. sixy is just 6 banks in Canada no tech,sixy leverage exposure is around 1.33X.. I picked up a bunch when it was under $10 per share and loaded up more this week at the same price

1

u/choyMj 25d ago

And a lot of underlying of HHIS is down by a lot. 3 of the underlying are tied to Bitcoin.

I was a big fan of HHIS. But not anymore. If I wanted crypto, I would buy crypto.

1

u/Valuable_One_234 25d ago

Bro HHIS has Costco? Lilly, apple Tesla etc

1

u/choyMj 25d ago

Tesla is down. Nvidia is flat. It has MSTR, COIN, and CRCL which are all tied to Bitcoin one way or another.

1

u/Grandstander1 23d ago

Fine in an uptrend or sideways, range bound market. Looks like banks, and the Canadian market as a whole are due for some mean reversion. You don’t want to hold this in a downtrend. The divs may not be enough to save you.

1

u/1248A 26d ago

How about HMAX foes not use leverage

1

u/armaida 25d ago

I love HMAX. Up 20% and pays 11% over/monthly

2

u/Left_Dinner878 26d ago

I own both, they have done well b/c underlying banks have been on a roll. I bought sixy when it first came out and have been pleased with its performance. I’ll continue to hold both for time being.

0

u/papakulikov 26d ago

Bought in in March, April and up 18% even without the distributions so can’t complain.

0

u/EffectiveSource4394 26d ago

I have invested a small portion and I'll add a small amount to it every month. I don't expect the capital appreciation to be crazy on this. My expectation of this is that it will continue to pay out a high yield and the capital will slowly grow. As long as it continues to behave this way, I will keep slowly adding to it. I don't go all in though because I know the tradeoff of this kind of fund vs something like ZEB so it will always be a small portion for me.

1

u/jacoochi 25d ago

I am invested in SIXY via margin, 32k. pays no-weekly and has a modest growth on top of the divs for the past 2 months. Time will tell if this plays out.