JohnDoe123
Dryer sheet wannabe
- Joined
- Jan 3, 2017
- Messages
- 15
Hi all!
I'm new to this forum, cruising anonymously here as JohnDoe123. I'm Ern but you can call me Big Ern as well.
Also, when I write "naked put sellers" I mean that the puts are naked while I'm fully dressed. We keep this family-friendly here.
I'm in my early 40s, my wife in her mid-30s and we have a little daughter, age 3.
I reached about 90% of the FIRE (Financial Independence, Retire Early) nest egg target. The nice Wall Street bonus check later this month and another one in 2018 should put me over the finish line.
I plan an initial withdrawal rate of about 3.25% p.a. We'll have about 30% assets in tax-deferred accounts and 70% in taxable accounts (with high cost-basis!). My target allocation in retirement: Very little cash, zero bonds and the bulk of the assets as follows:
I currently prefer to have no emergency fund (at 60% current savings rate we can cover all expenses, even unexpected ones with a month or two of savings).
I'm not into stock picking. Index investing with Vanguard/Fidelity works just fine for me. But I'm always looking for new ideas to find passive income: So far, I'm outsourcing the real estate investments, but I'm open to learning more about the landlord business. P2P lending platforms is another intriguing passive income source I would like to learn more about.
I'm pretty knowledgeable about options trading (covered calls, naked puts, etc.). I work in the finance industry and know my way around derivatives trading. I prefer the options on index futures because they are Section 1256 contracts (better tax treatment!). If anyone wants to learn more about this I'm happy to help!
Cheers!
Big Ern
I'm new to this forum, cruising anonymously here as JohnDoe123. I'm Ern but you can call me Big Ern as well.
Also, when I write "naked put sellers" I mean that the puts are naked while I'm fully dressed. We keep this family-friendly here.
I'm in my early 40s, my wife in her mid-30s and we have a little daughter, age 3.
I reached about 90% of the FIRE (Financial Independence, Retire Early) nest egg target. The nice Wall Street bonus check later this month and another one in 2018 should put me over the finish line.
I plan an initial withdrawal rate of about 3.25% p.a. We'll have about 30% assets in tax-deferred accounts and 70% in taxable accounts (with high cost-basis!). My target allocation in retirement: Very little cash, zero bonds and the bulk of the assets as follows:
40% U.S. stocks, mostly in the retirement accounts but also a little bit in the taxable accounts.
30% futures trading account with Interactive Brokers (taxable account). I short put options on S&P500 futures to generate (relatively) stable passive income: slightly higher returns than S&P, at half the volatility. Quite intriguingly, I haven't found much discussion on this topic in this forum, apart from a few old posts. Selling naked puts seems to be a dirty word in most FIRE circles. I've been doing this for about 6 years with pretty good success.
30% Real Estate (through private equity funds, in taxable account, obviously) in multi-family housing with stable rental yield and a little bit of potential for capital gains.
I currently prefer to have no emergency fund (at 60% current savings rate we can cover all expenses, even unexpected ones with a month or two of savings).
I'm not into stock picking. Index investing with Vanguard/Fidelity works just fine for me. But I'm always looking for new ideas to find passive income: So far, I'm outsourcing the real estate investments, but I'm open to learning more about the landlord business. P2P lending platforms is another intriguing passive income source I would like to learn more about.
I'm pretty knowledgeable about options trading (covered calls, naked puts, etc.). I work in the finance industry and know my way around derivatives trading. I prefer the options on index futures because they are Section 1256 contracts (better tax treatment!). If anyone wants to learn more about this I'm happy to help!
Cheers!
Big Ern
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