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Ok.. so having just watched the video, I have the following comments: While his intention to "educate" the younger generation is a noble one, I believe that his deliverables are mis-guided. Obviously he is a content provider that is looking for (and compensated for) views, and is providing...

Full Disclosure.. I haven't watched this video yet. But.. I am a little suspect of a video that lays out in its Description: FIRST: GET A CREDIT CARD ... FOURTH: STAY OUT OF CONSUMER DEBT Perhaps it's just me, and the contradiction really doesn't play out in the video.

A few anecdotes.. My best friend.. of 25 years and I will talk about investing regularly. That started a long while ago after we both demonstrated LBYM lifestyle. It's always been a "this is what I'm holding" or "this is what i'm looking at" conversation.. never pushy or judgmental. We both...

To me, it doesn't seem like you have an addiction. With my idle time, I tend to do the things I am drawn towards & easily that are easily accessible - especially during COVID. It's simple to just hop online and check the holdings.. That's when (for me) the questions/thoughts arise and I double...

You all have been very helpful - thank you! I had 2 CC contracts expire 8/27 - both worthless. They were written at very high strikes, so I am not surprised. It was nice to collect the premiums (a whooping $63) though. I look forward to my options journey, and sharing experiences I garner...

Thank you for laying out this scenario.. the example you provided lays out a situation of which I hadn't put thought to. Other then selling Stock B for a Loss or holding for a break even on its own, is writing a CC at a strike of $100 (original purchase price) a viable choice? I suppose...

So far in my Options journey, I recognizing that increased Volatility translates to increased Premium. Care to share how you evaluate stocks as CC potential? As a neophyte, I am currently writing CC's on long positions I already have in my portfolio. Once I have my feet under me, I plan to...

I wish I was!

Thank you for that.. I entered the market in the late 90's, so 1987 was a bit before I was paying attention. While focused on the future, I think it's important to be mindful of the past.

I am currently residing in a GMT +2 location, so I'm sure that my posts come through at strange times. :) I was more interested in opinions based on the Economics of Buffet's "indicator". In hindsight, I realize I didn't place enough emphasis on that in the OP. FWIW - the link in the OP was...

If you are accusing me of picking a provocative title.. well, I did so on purpose. I have been a lurker on this forum for a long while (see join date vs # of posts), and I have always appreciated the discussions amongst its members. I am by no means a Chicken Little, and I am certainly not...

I appreciate all the input in this thread! As I am learning more about Options, the past discussions make even more sense. It seems to me that CCs & SPs would be another form of placing limit orders, but one would have the fortune of pocketing a Premium (whether your order goes through or...

Ha - Touché! I respect the set it & forget thinking - which usually incurs an annual rebalance. I've practiced that for 25+ years. Free time is something I have more of now, and I've found myself more actively involved in my portfolio. I was looking for other('s) philosophies.

I too am a fan of Equities, and my AA is very strong (~95%) into that position. I am also mid-40s & accumulating. I agree with buying in a down market, and that is why I asked the questions in the OP. How do you recoup your cash, bonds, other safe investment positions as the market rises...

This article lays out an interesting indicator that WB supposedly uses.. https://www.msn.com/en-us/money/markets/warren-buffetts-favorite-market-indicator-hits-205percent-signaling-stocks-are-way-too-expensive-and-a-crash-may-be-coming/ar-AANLNCp?li=BBnb7Kz A basic valuation of the entire...

Strange story indeed.. I can think of three possibilities: - the buyers had the vehicle removed from their possession (willingly or unwillingly) - the buyers were apathetic about the vehicle - the buyers utilized the vehicle for a purpose, for which the cash price was not a detrimental cost As...

Great Point! Most of the stocks I am writing on aren't the type to dive that deep, so I don't have the $0 concern. FIDO limits me to only writing CC's, which is a nice failsafe. As I gain more experience, I may look for more freedom.

Hi @bobandsherry - I am still wrapping my head around process of writing CC's, and I understand the concept of writing a CC to collect the premium - with the understanding that downside has unlimited risk and upside is capped by the strike. Can you lay out an example of buying a call back...

Thank you for the info! My goal is to produce income from my taxable account. I have long positions on dividend earners, and figured that I could sell CC's to increase their production. Now that I have the time on my hands and can pay more attention to them, I figure I will see trends to...

I have put my toes in the fountain of Covered Calls.. I wrote a few yesterday on long positions I have held for a while (i.e. relatively low cost basis) for a week out, at OTM strikes I don't see them making, and I plan to hold them to expiry. I understand that I may have left some money on...

Out of curiosity.. where are you digging tips? I've perused WSB, and it seems you have too. Any other sources you care to share? My move on AMC was mostly due to the traffic on WSB. I figured if there was going to be a run on it, I want to be out in front of it.

I'm with you @Blue531! There are opportunities out there for the taking, and not everyone will agree with the risk. It was 2017 that I took about half my RE $$'s and started to actively purchase Single Stocks & Crypto. My most recent explosion was AMC $8k bought at $8.50 and sold at $58.25...

I'll never forget.. "A Fundamental view of Differential Geometry & Topology" I needed a Math Course for my Engineering load, and I think the terms "Fundamental" & "Geometry" made it sound easy. I was the only non-math degree person in the course, and that should have been my first red flag...

It's not I who is providing the insight, but rather you to me. I am currently mid-40's, in accumulation mode, and I am already thinking about RMDs. Your post only crystalizes my need for Roth Conversions. I am currently about 33/66 Roth to tIRA, and 25 more years of growth will put me into a...

A bunch of years ago, I was introduced to a Banker at a local Bank. He was developing Alt Investments for the newly formed Wealth Management dept at said Bank & looking for investors. I invested in promissory notes that the bank was writing, specifically to a locally owned Rent-to-Own store...