Reviewing My Largest Positions, January 2023

I’ve done this before, but it’s been a while.

Here are the top 5 positions that I have in stocks or ETFs.

#1. S&P 500 Index Funds (VFV and VUAA) – 23.5%

Since I’ve exceeded my “50% index funds” goal, the S&P 500 is one of my core holdings. I actually own two S&P 500 index funds. There’s the Vanguard S&P 500 fund in Canada (VFV) and the Vanguard S&P 500 fund in Europe (VUAA). Together, they are 23.5% of my holdings. The dividends are not great but the funds are in the green in my account. That’s good.

#2. All-World ETFs (VT and VWCE) – 22.5%

I do want to diversify from the US holdings, and so I own a couple of “all world” funds. I own the Vanguard Total World (VT) fund in the US, and the Vanguard All-World ETF (VWCE) in Europe. Together, they are 22.5% of my holdings. That’s good, too.

#3. Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) – 10.0%

These high-distribution funds are interesting to me. I don’t need the distributions right now. These do not auto-reinvest (not on DRIP), so for now, the monthly distribution just gets added to the cash in my brokerage. This currently pays a 10.8% distribution, and so far, the fund is not taking any capital losses.

#4. Schwab US Dividend Equity ETF (SCHD) – 6.9%

At 3.5%, the yield is not great and this fund has been lagging the S&P 500. So why not just sell it and buy VFV instead? I might do that. But it’s good to have some concentration on these reliable dividend payers as well.

#5. Hamilton Enhanced U.S. Covered Call ETF (HYLD) – 6.0%

Like the HDIV fund above, this fund pays an above-average yield of 11.7%. I’ve owned this fund for more than a year, and it’s a reliable payer.