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06-16-2023, 10:09 AM | #13471 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Hey Lew, this will piss you off.... I bought a couple shares of SPYI. It's an income fund that sells options on their holdings for cash flow. I didn't feel comfortable with the Tesla or ARK funds. Apple was intriguing, but the SPY looks better to me. Interestingly, it doesn't ONLY sell covered calls. It does call spreads, which probably nukes a lot of the return, but it's supposed to participate in some of the upward movement if there is any. I'm guessing the price will go nowhere, and the only return will be dividends. Interesting read... https://seekingalpha.com/article/460...ng-income-play I'm guessing the price will go nowhere, and the only return will be dividends, like JEPI. Whatever, bought a couple shares to keep an eye on it. Last edited by Buehler445; 06-16-2023 at 10:58 AM.. |
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Posts: 57,999
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06-16-2023, 11:03 AM | #13472 |
Starter
Join Date: Aug 2019
Casino cash: $2520000
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After opening a Roth in 2021, it has finally turned green this week.
My two biggest mistakes: 1. Betting on the bottom of Peloton after it sank quite a bit only to have it sink way more. Never averaged down, but finally gave up and sold the position awhile back. 2. Holding ARK.G. I'm fascinated by the gene editing companies like CRSP though I am not knowledgeable enough to really know the industry. I figured ARK.G would give me exposure and manage it better than I could. I keep averaging down on this one figuring it will eventually turn around. The turnaround has been on solid companies that have now recovered for which I continued to buy over time and picking a few others that followed Minervini's VCP pattern and selling into gains to protect the earnings (thanks Lewdog for suggesting his book). Hopefully the positive trend can continue from here on out... |
Posts: 557
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06-16-2023, 12:08 PM | #13473 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-29523
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I'm getting ready to go ALL IN on TSLY / NVDY
If the Dividend holds I'll double my money every 15 to 16 months If it doesnt, it will take 24 months. I just moved 10K over waiting for it to settle and am strongly considering selling one rental to throw all in. That's how damn serious I am. |
Posts: 40,645
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06-16-2023, 12:32 PM | #13474 | ||
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
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On the topic of getting rich, I have a ton of NVDA and AMD. Times are good for me right now. I need to sell a little just to lock in some profit and rebalance, but it's just sooooo good right now.
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Active fan of the greatest team in NFL history. |
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06-20-2023, 03:26 PM | #13475 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-29523
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Quote:
Also added some TSLL which is 1.5X leveraged TSLA |
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Posts: 40,645
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06-20-2023, 10:55 PM | #13476 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Here is an interesting video on covered call funds. I think they are a little overly harsh. I think they have a little more value in an income focused portfolio.
Interestingly, the 2 funds you listed appear to have mirrored the upswing of Tesla. That would run counter to what the video proports. But both things could be true, however. These funds could be getting buying volume of dudes wanting to own Tesla (at $18 rather 270) and it may be a bump in fund price because they're 1. New and 2. Investors don't understand them. OR, the video is wrong. It'll be interesting to see how those fair over the long term. I'm watching SPYI. They run covered call spreads that should participate some upside (probably while losing some income potential). Interesting stuff Hog. Thanks for sharing. |
Posts: 57,999
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06-20-2023, 11:07 PM | #13477 |
Banned
Join Date: Jun 2023
Casino cash: $-89500
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a simple life of prayer and personal austerity for the kicks and to build wealth
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Posts: 92
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06-20-2023, 11:10 PM | #13478 | |
It's just a ride.
Join Date: Dec 2010
Casino cash: $3460360
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imo the macro outlook for me personally is still bearish till 2024. im going to watch this circus with popcorn in hand till then.
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12·12·11 回 RIP Turd Haley |
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Posts: 7,642
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06-21-2023, 05:19 AM | #13479 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-29523
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Quote:
That guy in the video needs beat in the face with a ball bat. I couldn't even dissect what he was saying. Some people think they just know more than everyone else and he's the president of that club. EDIT: I looked him up. he's with PWL Capital , a Canadian based financial management group. Says it all, Canadians are ignorant! His portfolios average 3%-5% per year. LOL My TSLY made that YESTERDAY! Last edited by Hog's Gone Fishin; 06-21-2023 at 05:29 AM.. |
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Posts: 40,645
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06-21-2023, 01:29 PM | #13480 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Quote:
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Posts: 57,999
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06-21-2023, 07:35 PM | #13481 |
Banned
Join Date: Sep 2022
Casino cash: $-199500
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Where do you guys put emergency fund money at?
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Posts: 86
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06-21-2023, 07:53 PM | #13482 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $176899
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Posts: 52,495
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06-21-2023, 07:59 PM | #13483 |
Veteran
Join Date: Jul 2008
Location: Wichita
Casino cash: $4102833
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Wealthfront cash acct is 4.55%
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Posts: 1,640
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06-21-2023, 08:50 PM | #13484 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
Casino cash: $10179646
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UFB Direct at 5.02% APY.
Open up an online high yield savings account. There are plenty of banks paying at least 4.5%, with some paying 5% or slightly above. https://www.bankrate.com/banking/sav...ings-accounts/ |
Posts: 23,107
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06-21-2023, 09:45 PM | #13485 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Posts: 57,999
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