About BMO Bank of Montreal ETFs

It’s been a nice weekend. I went to Festival of Fashion & Design yesterday and watch a couple of shows, if I can call them like that. They had played a song by Beast during the event I love sensation and it was very great. Tonight had been quiet as it’s raining hard in Montreal. So I finally decided to clean my place. It kind of needs it. It’s feeling much better now. :)

This week is going to be quite busy because I had accepted to work full-time at my daytime job. I will be working some terribly long and painful hours. I decide to do it to accommodate them, as they had accommodated me quite well during the past couple of months. I just wish they won’t forget about this one if it happen I had to request a schedule change for whatever reason.

Nothing done regarding job searching at this time, but I am looking forward to seek for something maybe in September or so. I gave myself the summer off for that part. I had been quite lazy and I have to say, my laziness had paid well – in the sense that my investment portfolio is stronger than ever (remember I am now at more than 90 000$ in assets).

My portfolio is not perfect but I like the crazy diversification. One of my favorite hobby is to calculate my dividend income money over and over again. In result, I had been searching ways on how to increase my dividend income. Without counting my RSP dividend earning, on date of July 19, I am at 4 229.47$ in yearly dividend income. Nice little income that represent a 352.46$ per month.

Whenever I want, I have the possibility to increase my dividend income to more than 500$ per year. How? Really simple, just by selling my mutual fund units hold in the Sprott Canadian Equity Fund and RBC O’Shaughnessy Canadian Equity Fund. Currently, my investment in the Sprott Canadian Equity Fund exactly worth 5103.76$. I could sell my Sprott Canadian Equity Fund units and get a 5 000$ from the sell. As for the RBC O’Shaughnessy Canadian Equity Fund, I could make around 2 700$ from the sell of its unit. This represent close to 7 000$ in cash. With this money, I could purchase 500 units of Enbridge Income Fund (ENF.UN). And those units could provide me more than 500$ in dividend income. This is quite tempting but I won’t sell anything now. I am confident that those 2 mutual funds will gain more value in the upcoming months so I am in a big rush to sell. But just the taught of earning 500$ more in dividend, just like that, is quite a magical taught. This is a future project and I just can’t wait to get ride of the Sprott Canadian Equity Fund. Good thing that Eric Sprott had called for retirement. I have enough him for all of my life. As well as for BMO Bank of Montreal. It make me laugh you know when I learned that BMO Bank of Montreal was waiving the management fees to their ETFs to their customers. I don’t know too well about that offer but anyhow, fact is that BMO Bank of Montreal ETFs are not great performer. If I look at the ETFs top performers for the past year, we find stuff like:

Horizons BetaPro COMEX Gold Bullion Bull Plus ETF (HBU) at a fantastic +64.49%;
Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) at +55.95%;
iShares S&P TSX Capped REIT Index Fund (XRE) at +37.74%;
iShares S&P TSX SmallCap Index Fund (XCS) at +36.85%;
Horizons BetaPro COMEX Silver ETF (HUZ) at +31.44%;
Horizons BetaPro COMEX Gold ETF (HUG) at +30.37%;
Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF (HUG) at +29.77%;
iShares S&P TSX Completion Index Fund (XMD) at +28.17%;
Horizons BetaPro NASDAQ 100 Bull Plus ETF (HQU) at 27.60%;
iShares S&P TSX Income Trust Index Fund (XTR) at +27.52%.

As you notice, no sign of ETFs of BMO Bank of Montreal.

And what about the latest 6 Month Performance? Well, here they are:

Horizons BetaPro S&P/TSX Global Base Metals Bear Plus ETF (HMD) at +26.12%;
Horizons BetaPro US 30-yr Bond Bull Plus Fund (HTU) at +25.51%;
Horizons BetaPro S&P Agribusiness North America Bear Plus ETF (HAD) at +24.96%;
Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF (HGU) at +24.36%;
Horizons BetaPro COMEX Gold Bullion Bull Plus ETF (HBU) at +23.91%;
Horizons BetaPro NYMEX Natural Gas Bear Plus ETF (HND) at +22.85%;
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) at +19.10%;
iShares S&P TSX Global Gold Index Fund (XGD) at +14.63%;
Horizons BetaPro COMEX Gold ETF (HUG) at +12.29%;
Claymore Gold Bullion ETF (CGL) at +12.02%.

Take a look at this: My very precious Claymore Gold Bullion ETF (CGL) is making the list, but of course, none of BMO Bank of Montreal ETFs! Ok, let’s give BMO Bank of Montreal a chance and let’s take a look at the latest 3 month performance of the best ETFs. Here they are:

Horizons BetaPro S&P/TSX Global Base Metals Bear Plus ETF (HMD) at +47.28%;
Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF (HGU) at +43.76%;
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) at +36.04%;
Horizons BetaPro S&P Agribusiness North America Bear Plus ETF (HAD) at +32.79%;
Horizons BetaPro COMEX Gold Bullion Bull Plus ETF (HBU) at +23.06%;
Horizons BetaPro S&P 500 Bear Plus ETF (HSD) at +22.90%;
Horizons BetaPro S&P TSX Capped Financials Bear Plus ETF (HFD) at +21.65%;
iShares S&P TSX Global Gold Index Fund (XGD) at +21.38%;
Horizons BetaPro US 30-yr Bond Bull Plus Fund (HTU) at +21.36%;
Horizons BetaPro NASDAQ 100 Bear Plus ETF (HQD) at +20.98%.

Still no sign of one of BMO Bank of Montreal ETFs! Do you need any more proof? I am telling you, BMO Bank of Montreal is going a great deal of marketing over some ETFs who had no good values for investors. I decide to play it smart and not to invest in any of BMO Bank of Montreal ETFs. My results? Extraordinary. They speak by themselves. I am using a 37 000$ and something in debt over a 90 200$ in assets. My leverage plan is working extremely well because I know now how to invest and how to avoid bad investments like the one being represent by BMO Bank of Montreal ETFs. You have to play smart to make big bucks. There’s no easy way, but you can easily avoid bad investment if you do some simple very easy search, simple as 1-2-3. The ETFs of BMO Bank of Montreal? They don’t worth it. That’s why you can get them without any management fee. That’s really all. No big secret to be hide.

You might ask yourself, why is she talking about ETFs? Well, it happens that Claymore Investments had listed a new ETFs this last Friday. It’s the Claymore China ETF (CHI). Most of my assets are concentrated into Canadian stocks. Adding the Claymore China ETD (CHI) in my investment portfolio will help to add a great diversity and will bring international exposure to my portfolio. Now you know my secret.

Also, I am looking forward to open a discount broker account with Questrade. Even while having 70 000$ with TD Waterhouse, I am paying 29$ in commisssion per trade. This restric my trading movements a lot. Enough is enough I decide, time to move on. What I have at TD Waterhouse will stay there, I am just looking to start a new fresh broker account with Questrade. So Questrade, here I am! This is going to be fun, trading at 9.99$ instead of 29$, the saving are huge is this will allow me to diversify my portfolio even MORE. So it will become extra-diversify. Fun time ahead! I am still thinking about David + Henderson Income Fund (DHF.UN) as next investment.