A new investment idea for my RRSP portfolio: Hamilton Gold Producer YIELD MAXIMIZER™ ETF (AMAX) - Part 2

You know, a good idea is a good idea until it isn’t anymore.

In the previous post, I explained what I planned to do once the shares I hold in Guardian Capital Group Limited (GCG) no longer trade on the TSX, which will happen sometime in 2026, probably fairly soon. I wanted to have a plan ready for when the money comes in – and we are talking about a good sum of money here, several thousand dollars, actually closer to $10,000 than $5,000. So you can see why I am trying so hard to come up with a very good plan. When I posted my idea for that money, I thought I had a very good plan, but after thinking about it again, I now believe that investing in Hamilton Gold Producer YIELD MAXIMIZER™ ETF (AMAX) might not be the key to all my problems.

AMAX has been trading on the TSX only since 2024, so it doesn’t have a lot of history behind it. AMAX’s overall chart looks very good – but that’s only based on a couple of months, during which gold delivered extremely strong returns. Gold investments are volatile, like any investment. For now, gold is trading near its highs. Such good results cannot last forever. That being said, I do think gold is a good investment for the long term. The only question is whether AMAX is a good investment for the long term and whether its distribution is sustainable over the long run. At 6.782%, AMAX’s yield is high, but it’s not outrageously high. Still, it’s not exactly a conservative dividend either. The fact is, AMAX charmed me because that pick would allow me to exceed $1,000 in monthly dividend income from my TFSA and non-registered portfolios.

When it comes to investing, dividends have always been important, but not as important as the quality of the assets I hold. Dividends came as a little extra. But now, at the equivalent of $971.51 per month, the dividend income coming from my TFSA, non-registered, and, not to forget, my U.S. dollar portfolio is actually going somewhere. And now that the $1,000 mark is so close, wouldn’t it be so much fun to actually be in the 1k?

At this point in my journey, I should know what to do with my money. I am trying very hard, but sometimes, like now, I simply have no idea. I sincerely think that my reaction, and the fact that I cannot decide where to park my money, is actually quite normal and honest. We are living in very particular times. The TSX closed today’s session at a splendid 30,900.65 points, +296.35, +0.97%. The TSX is trading near its highest level ever. We are so close to 31,000 points that it’s just not making any sense at all.

Basically, this post was meant to be just an "oh wait", maybe Hamilton Gold Producer YIELD MAXIMIZER™ ETF (AMAX) is not where I should park several thousand dollars after all… Sorry! Or not.