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Old 08-25-2015, 06:12 PM   #101
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On the way home tonight from a quick (and inexpensive) dinner with my DW, she quietly asked me if we lost money in the market today (she is not a market follower). I quietly said yes and we need to continue to focus on LBYM for the time being...

Maybe that will slow the spending on the grandkids..(only hoping here).

I just tell DW that we have enough money for my lifetime.... not sure about after I go if she will have enough....


But, still has not slowed the spending....
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Old 08-25-2015, 06:24 PM   #102
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Sold our Berkshire B stocks and bought VTI with the proceeds. Not really an exchange, but it had the same effect. Both went down a bunch more today, but I picked up a tax loss for income taxes. whoopee?

Current plan is to buy back into Berkshire around 10/1, after VTI does it's distribution.

I am clueless with this stuff, anyone who wants to point out how I should have done things is invited to do so.
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Old 08-25-2015, 06:44 PM   #103
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Today worked out pretty well for me. I sold SPY, a stock and wrote covered calls in the morning and then wrote put options for Jan 2016 in the afternoon. I was shocked to see them executed.

I think the best way to play this market is to put in limit order to sell far above the market and put in buy orders way below the market and wait for the crazy volatility to execute them.

The huge spike in volatility is making option writing profitable again. I was having trouble write in or slightly out of the money options that we getting me 10% on an annualized basis. So I cut way down on writing options this last year or .Now I'm seeing 30%. for 2 month options and 17% for 5 month.
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Old 08-25-2015, 06:49 PM   #104
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... put in buy orders way below the market...
Did that half-seriously. Darn, I went grocery shopping and came back finding myself owning them. Gee, I was just pretending.

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... put in limit order to sell far above the market...
Still waiting for that part, so I can make money. Guys like Mulligan keep selling the market short instead of buying like we tell them so.
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Old 08-25-2015, 06:56 PM   #105
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Did that half-seriously. Darn, I went grocery shopping and came back finding myself owning them. Gee, I was just pretending.





Still waiting for that part, so I can make money. Guys like Mulligan keep selling the market short instead of buying like we tell them so.

I just want to sell the crap everybody else owns in an index fund that is killing me. I want to fall on my own sword. My investments are up around 4% and will climb again in a few weeks when a slug of 7% divis are tossed my way. Thanks to being converted 1/4 into a Boglehead, I am barely above water for the year! How about meeting me in a "dark pool" where we can negotiate a fair sell on the rest of my index fund.... ... But that wouldnt work because the dark pool guys would just laugh at the amount I have to sell and kick me out before we could conduct a transaction....


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Old 08-25-2015, 07:03 PM   #106
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... How about meeting me in a "dark pool" where we can negotiate a fair sell on the rest of my index fund.... ... But that wouldnt work because the dark pool guys would just laugh at the amount I have to sell and kick me out before we could conduct a transaction...
It's OK. You won't like my price anyway.
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