WHY I Bought KLIP (China Covered Call Internet ETF) 37% Monthly Dividend for Cashflow

Reverse split on KLIP! Its going down
Might have a bad investment

This fund pays a great dividend but has been declining since inception…any chance it’s bottomed out?

Looks like kweb hit all time highs today

Have you look into the Purpose and Harvest single stock ETF? I'm holding some YM single etf. TSLY, MSTY etc... Not a fan of how stock price erodes like crazy.. I also hold some Defiance QQQT and SPYT. All in my RRSP. Defiance have some weekly payouts I might roll it all to XDTE, QDTE and RDTE.
For Purpose and Harvest at least you can catch the upside growth and 15% - 25% yield and its a Canadian fund too.

it will continue to erode.. with erosion and taxes it's a loser.

I'm torn. On one hand, it's not like we don't already do business with China, and on the other hand, I'm hesitant to actively support China financially.