In her core portfolios, our fearless, intrepid investor had a 50/50 asset allocation between S&P 500 and TDB166. TDB166 is a US dollar-denominated money-market fund. She recently sold all her TDB166 shares. She then converted these US dollars to Canadian dollars. The objective here was for her to buy guaranteed investment certificates (GICs). These are the Canadian equivalent of US certificates of deposit (CDs).
Depending on their maturity date, GICs pay over 4% annual return today. That level of return has not been seen for a very long time. Unfortunately, GICs are not available to American investors and CDs pay about half of what GIC’s do today. We continue to suggest that our American investors keep their near money-in TDB166 in an appropriate asset allocation.
Now, let us see what she’s doing with Novavax (NVAX) covered calls.
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