*Investors Blog*

[Pablo]

Everyone bailed on this thread (?)

Need more trading tips


Just sold covered calls on VICI and SWKS. After selling puts and acquiring and or the last covered calls expired worfless. Sweet gig when it works. Blah hold when it doesn't.

 

[SC Maintenance]

Everyone bailed on this thread (?)

Need more trading tips


Just sold covered calls on VICI and SWKS. After selling puts and acquiring and or the last covered calls expired worfless. Sweet gig when it works. Blah hold when it doesn't.

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My tips would lose you money. You should thank me for not talking.

I would buy oil stocks here. I wish I had waited from 7% ago

 

[Pablo]

My tips would lose you money. You should thank me for not talking.

I would buy oil stocks here. I wish I had waited from 7% ago

I just make micro moves. I just am completely gutless.

I do envy @Zee09 though

 

[gfh77665]

I am smart enough to understand I am not the best stock picker, so I rely on professional wealth management to steer the ship. With all the tax optimizations and Roth conversions they do, their fees are all but negligible for me. They save me more than their fees costs. "Set it and forget it"!

 

[JeffKeryk]

I am smart enough to understand I am not the best stock picker, so I rely on professional wealth management to steer the ship. With all the tax optimizations and Roth conversions they do, their fees are all but negligible for me. They save me more than their fees costs. "Set it and forget it"!

Agreed, but to an extent. The Schwab Wealth Advisory team "dissuades" my high tech holdings because they are waaaaaay overweight in my portfolio. So we agreed to no use them in balancing...

 

[bovine1]

Everyone bailed on this thread (?)

Need more trading tips


Just sold covered calls on VICI and SWKS. After selling puts and acquiring and or the last covered calls expired worfless. Sweet gig when it works. Blah hold when it doesn't.

View attachment 344266

For entertainment I've thought about trading the spread on some of the thinner preferreds. I traded milk that way for awhile. Easy money but slow.

 

[JeffKeryk]

My old company, LRCX closed at $409 today. AI bubble for the win!

 

[Zee09]

I closed one of my brokerage accounts and the Hood gave me a 2% interest boost to 5.35% on that cash...
I'll take it....

 

[Pablo]

I only do this when the market is tanking.........

 

[Zee09]

So far I have ARRCs number
If it gets under $17.50 I'm buying 10k shares of flippage goods

 

[danstraylee]

Once I retired I could not get away fast enough from Schwab. In the last ten years from 2010 - 2021 either lost money or made nothing. the "discount broker" model did not work at all.

I now work for a commission based broker which is arguably the best way to go for my situation. I have made more money in the last 5 years than I ever did in 20 plus years with Schwab.

I have 3 brokerage accounts managed be two separate firms. My 401K IRA and Roth are with one and my largest traditional account is with another. I have enough passive income to last me the rest of my life. I'm not filthy rich but live well within my means.

I also let the professionals do all the trading. I never ever suggest or anticipate the stock market. I learned this from my broker who assured me SpaceX was going to soar a few weeks back. It was the best investment ever. I never would have guessed.

 

[Pablo]

Once I retired I could not get away fast enough from Schwab. In the last ten years from 2010 - 2021 either lost money or made nothing. the "discount broker" model did not work at all.

I now work for a commission based broker which is arguably the best way to go for my situation. I have made more money in the last 5 years than I ever did in 20 plus years with Schwab.

I have 3 brokerage accounts managed be two separate firms. My 401K IRA and Roth are with one and my largest traditional account is with another. I have enough passive income to last me the rest of my life. I'm not filthy rich but live well within my means.

Who are you working for and who are you with as well?

 

[danstraylee]

Who are you working for and who are you with as well?

I'm retired. Due to lifetime NDA I'm unable to provide my former employer. I do have a military background as a Navy Sea Bee when I was a young man.

Brokerage accounts are with Wells Fargo Advisers and Stifel. My family has been with Stifel for over 50 years. Stifel is a money making machine for both myself and broker. I'm perfectly fine with the arrangement.

Wells Fargo Advisers was more out of convenience to quickly exit Schwab and the horrible way they managed my 401K retirement account. So far (in the last 6 years) Wells Fargo has been stellar and making me money.

There is a big controversy and it gets downright nasty when it comes to choices when choosing a broker. I will squash it right now by telling anyone who will listen is it is YOUR CHOICE in the path you want to take and what works for you.

My anecdotal experience over a 2 decade run with a discount commission free broker was losing me big money. OTOH my experience with "skin in the game" commission based brokers is working very well. And it helps that both firms have a team of brokers that work together to help rather than hinder the clients/brokers outcome.

 

[Doc8404]

Lebel Harriman rep through work was pretty cool. Just had the free intro meeting.

Initial meeting, after they get all your data entered, is $2,500 for approximately 10 hours. But it sounds like they would do more than that.

Then follow up meetings if you want are 250 bucks an hour. Then you get one year or more in the system.

If you decide to take a break like I would, all your info/data stays in the system and you just email them with updates and pay for a meeting like 10 years from now.

Might do it. You can link all your accounts, and spouse’s, so they can see everything.

Then you can choose when to retire and it changes everything based on Social Security age when you withdraw what you potentially could lose for your retirement investment since you’re living off investments instead of Social Security, etc..
Yes, all systems do that.

Then they do Monte Carlo simulations. The software they use is RightCapital.

 

[SC Maintenance]

I may dip my toe into SPCX soon. I would like to own some prior to the July 7th rebalance.

 

[Vil_Riker]

I'm a dividend investor so I'm quite tame. As for calls, I let SPYI or MLPI do them. Tried on my own, not fun.

 

[JeffKeryk]

I'm a dividend investor so I'm quite tame. As for calls, I let SPYI or MLPI do them. Tried on my own, not fun.

Gotta love those quarterly checks... Of course the taxman takes his cut, so there's that. What's a poor boy to do?

 

[SC Maintenance]

I'm a dividend investor so I'm quite tame. As for calls, I let SPYI or MLPI do them. Tried on my own, not fun.

I like getting paid to wait but with the multiples these days the yield is pretty anemic - outside the MLP's and REATs, etc. Different thing.

 

[Zee09]

I don't like the dividend wait unless it's monthly ...

 

[Dave Hess]

I’m getting antsy with all the problems going on….