Quote:
Originally Posted by Tiger8693
Be my guest! [emoji6]
I’m just glad to have gotten out, won’t make that mistake again.
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Next time consider buying bonds/notes of a company that you like. In the case of Ford, your principal would have been returned while collecting the coupon payments. The other thing you could do is sell out of money covered calls on your equity position to add to the dividend income while you wait for a recovery. For bottom fishers, it's better to write out of money puts on a stock you want to own rather than dollar cost average at current prices. That way you get the stock only if it hits your strike price, otherwise you keep the put option income.
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