Hugh Lam

So we hinted about it a little bit earlier, but it's really trying to understand, where is this income stream coming from and is it sustainable?

So for example, we talked about HYLD, that's a great example of sustainable high yield shares because

Again, we are looking at companies that have exhibited or have typically paid out distributions in the past.

They've got high forecast dividend yields, but we're cutting out the worst in the pack.

We're cutting out the potential for dividend traps.

And again, the risk is if you just yield chase, then you might not, you might be in a fund that's distributing a lot of capital gains and you having to incur that from a tax perspective might not be optimal.

So that's one thing.

And then also just, you know, I think transparency is the other side of the coin as well.

So again, the beauty of ETFs, you can look at the index methodology, you can look at the holdings that's underpinning that ETF.

And again, you can get a sense of where that yield is coming from and whether it's sustainable or not.

think i'd have to go with royal yeah i think why i say that is because it's probably not as well known the concept of a royalty has been around for quite some time it just hasn't been as accessible for many retail investors um for a while but because you know ets have come out they've really democratized access to newer newer asset classes and exposures like royalties um i think it's worth looking into i think that

Generally in a world where we've seen quite a different environment, wars, inflation rising, the need for diversifiers out of that 60-40 portfolio, that 60 stocks, 41 portfolio becomes even more important.

So thinking about exposure to hard assets, real assets, whether that's commodities and other liquid alternatives as well.

So what I mean by that is things like royalties where

You're getting exposure to an alternative exposure, but it's also liquid in the form of an ETF.

And I think a lot of the companies within there are fairly interesting too.

Yeah, I like that.

That's why I choose royalties.

Yeah, yeah.

Absolutely.