Today is the North American launch day (why this special edition is published) for AskHank.ai, my cloned brain in an app. When I learned that General AI is wrong up to 40% of the time and creates false answers when it doesn’t know the right one, I got worried.

I had built AskHank.ai so my grandchildren can ask “me” questions when I die. However, with this new statistic and the responses from a few people I had tested it on, I realized I could help a lot of people through my cloned brain. The AskHank.ai app officially launched today.

The first months of working on this project meant I had to test it with thousands of questions to refine the rules and teach it how I would respond. Now the AI engine uses only my experience, knowledge and tone to respond to you. Many beta users reported to me that they appreciated using Ask Hank for Relationship and Life Coaching questions. I have to confess, I use it for that reason and investing as well. As a retired psychologist, I know it’s not easy to get answers to the emotional issues we all face. Ask Hank is not a therapist by any means. However, it does provide a very steady response in a trusted manner. Just today, I spent about 30 minutes having an exchange that solved a difficult business relationship problem. Go ahead and give it a spin for those areas as well.

When I ask a financial or money question, I always ask how it got the answer. This is my check to ensure that Ask Hank isn’t going onto the web for the information. When analyzing a stock or company, it will use only verifiable sources, audited statements, or information from the company's investor relations site, and clearly indicate the source of the data. It never gathers information from the web or elsewhere to answer a personal, relationship, or life question. Those answers are only allowed to come from my cloned brain.

Ask Hank only uses my analysis and way of thinking.

At launch today, we’ve added the “snapshot” function, where if you type “give me a snapshot of Bank of Nova Scotia,” it will give you a quick review of the company. You can also ask the snapshot function to review 10 companies in the banking industry, for example, and rate them by risk. It’s not a comprehensive analysis or anything, but enough to get you to dig deeper. With Mutual funds or ETFs, when you request a snapshot, you get a summary plus the annual fees you will pay. Make sure you take those into account as well when investing.

You can also Ask Hank to analyze a rental property. If you enter the price, income, number of beds or apartments, and indicate who is paying utilities, you get a nice summary. The more information, the better, so if you have all the financials for the property, attach them, and Ask Hank will crunch the numbers.

Just yesterday, I received a Facebook clip from a major bank with the following theme.

A woman inquired about the challenges of owning a rental property, and the bank advisor explained that numerous problems were associated with being a landlord; the solution, she suggested, would be a Covered Call ETF.

Now, I don’t know about you, but I understand what a call and a covered call are. I wondered how they are fashioned into an ETF. I doubt 99% of the public would understand this mixed concept, as I didn’t either.

So, I used AskHank.ai to explain it and tell me the risks. The answer is below. Before reading it, ask your advisor or other websites you may use for clarification on that question. Then compare the answer to this one. I dare you.   Bee well. Enjoy our Launch APP day.  Hank

Powered by Ask Hank™, my cloned brain in an app

This information is for Educational Purposes only. Do not make portfolio changes without speaking with your financial advisor. I am not a financial advisor.

Question

What is a covered call ETF, and what are the risks?

Answer

A covered call ETF is a fund that holds a portfolio of stocks and sells call options on those same stocks to generate income. The option premiums are paid to the fund, thereby generating higher, more predictable income for investors.

The risks include:
• Limited upside: Because the fund sells call options, gains are capped if the underlying stocks rise sharply.
• Lower long‑term growth: Consistently trading away upside can reduce long‑term compounding.
• Volatility-dependent income: Premium income drops when markets are calm and option prices are low.
• Tax considerations: Premium income may be taxed differently depending on your jurisdiction.
• Market risk: The stocks inside the ETF can still fall in value regardless of the option strategy.

This information is for Educational Purposes only. Do not make portfolio changes without speaking with your financial advisor. I am not a financial advisor.

So is this a financial investment that any of us would truly understand?

NO. I’d never purchase this. Would you?