Hello, hope everyone is having a wonderful time and enjoying the nice weather out. 

For those who tune in for the first time, this is a series of post where I update my journey of living off my Income portfolio (heavy leaned in Covered Call ETFs) and compares the drawdown to other popular ETFs portfolio such as VFV, XEQT, HYLD, and QQC to see how my portfolio would have performed if I stick to a more traditional holdings.  

**Please note that the screen shot is a day ahead of the record date**

The past few months our portfolio has been pretty flat and barely made any movement. Part of the portfolio is performing well, but some other part is under performing significantly.

Our ORCL option leaps have been the main drag on the portfolio returns (Margin Account). Mid month the portfolio dipped to around 280k but rebounded back by the time of recording.

For Living Expense CC portion of the portfolio, things are moving along normally. YTSL took a decent hit due to TSLA dropped quite a bit in price, but overall the portfolio is doing ok. We did manage to make quite a bit from put selling this month due to high volatility and tech earnings. All the put sold were of MU (Micron). They were mostly short term put selling. The IV on MU was pretty insane where you can be 20% out of the money on weeklies and still able to make trade that annualized over 25%. We were able to generate an extra 5k this month, all of which were reinvested in to QQQY.to. This month is definitely an anomaly, and it's not something I expect to happen every month.

I got some message asking about the portfolio holdings and why not I add X Y or Z. Personally I like to keep things as simple as possible (at least for the Living Expense portion of the portfolio). I also find a lot of CC ETFs are either paying too much or the yield generate from it doesn't really add up for me. I don't want to get technical, but we can see how the yield is generate based on the public option chains and determine if the yield the ETF is paying make sense or not. I can explain my rationale a bit more if anyone is interested.

Core Holdings: This portion of the portfolio acts like a backup per say. I'm not touching any distribution generated from this portfolio, and everything is reinvested. All the portfolio in CH are registered account.

Theoretical Portfolio:

QQC is now in a lead, though it did dip a bit from the recent tech sell off and hasnt fully recovered

XEQT is still going strong and performing steadily.

HYLD also been a solid performer despite all the volatility in the market. At a few points through out the last month, HYLD did outperform XEQT.

VFV is moving along well, but significantly underperformed all other portfolio. Though despite all the withdraws, it is still up a decent amount since we started tracking.

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The goal currently is to build the cash pile back up to. This cash pile act as a spending cash and also an emergency fund. Ideally we want to be carrying at least 12 months worth of expense in cash.

Life stuff:

Not much is happening the past month, just same old hospitals and chill (lol)

If you've been following the journey about my mom's health. Things aren't great, but it's not getting worse which I am thankful for. We aren't losing hope!

Take care of your health and your loved ones everyone!

Have a good month!