I had a great plan and then life happened, I ended up “retiring” about six years earlier than planned. I’m sure I’ll figure out a way to spend the time, my wife still has a few years to go. Perhaps it’s time to acquire some new vices…
I’m saddened to hear about the news, Jonathan, I’m sending my best wishes your way. I’ve enjoyed reading your posts over the years and looking forward to continuing to do in the future.
Not a fan of trying to characterize generations of people or cherry-picking anecdotes to rationalize an opinion. I prefer to focus instead on behaviors and desired outcomes. My depression era parents were objectively terrible with money but they got by. My kids are over-degreed and will never want for money but I’d like to think I’ve instilled in them a desire to leave the world a better place. To each their own.
Nice one, Sanjib. As I’ve been doing CCs and CSPs against the bulk of my portfolio for the past few years, I totally agree with your logic and approach. While no one is going to get filthy rich with a 1% return a month from writing low-risk options, it sure beats the alternative in a market like today’s.
Short-term? Absolutely. Long-term? Less likely. Main thing, of course, is to define your “market”. For me, I always compare my return against the S&P 500; I’m not going to even try to fight the volatility in more exotic indices.
Yes, but only if the interest rate the credit card company is charging is less than what you’re earning on that borrowed money. Which, in the real world, normally means you’re paying off your balances each month. ;)
If, as an individual, you’re not spending a lot on energy, new homes, cars, or hired labor, today’s inflation is still quite muted. PS: That SC League proposal is just a plain old money grab. If a SS recipient needs extra cash, they should get a job, not rob taxpayers.
Comments
I had a great plan and then life happened, I ended up “retiring” about six years earlier than planned. I’m sure I’ll figure out a way to spend the time, my wife still has a few years to go. Perhaps it’s time to acquire some new vices…
Post: Retirement Rehearsal by Edmund Marsh
Link to comment from July 12, 2024
I think I scored 7 out of 8 on the JC Boast meter. (I trade/monitor daily and recoup the time by not wasting time with TV or social media.)
Post: Humble Bragging by Jonathan Clements
Link to comment from July 12, 2024
I’m saddened to hear about the news, Jonathan, I’m sending my best wishes your way. I’ve enjoyed reading your posts over the years and looking forward to continuing to do in the future.
Post: The C Word
Link to comment from July 7, 2024
Not a fan of trying to characterize generations of people or cherry-picking anecdotes to rationalize an opinion. I prefer to focus instead on behaviors and desired outcomes. My depression era parents were objectively terrible with money but they got by. My kids are over-degreed and will never want for money but I’d like to think I’ve instilled in them a desire to leave the world a better place. To each their own.
Post: Disney or Bust
Link to comment from April 11, 2023
Kind of scary to have iBonds becoming the bedrock of ANY portfolio, trying to match inflation is a peculiar goal at the individual level.
Post: Learning from Failure
Link to comment from March 19, 2023
Because you didn’t even ask a question. Nice try.
Post: Learning from Failure
Link to comment from March 19, 2023
Nice one, Sanjib. As I’ve been doing CCs and CSPs against the bulk of my portfolio for the past few years, I totally agree with your logic and approach. While no one is going to get filthy rich with a 1% return a month from writing low-risk options, it sure beats the alternative in a market like today’s.
Post: Options in Disguise
Link to comment from June 30, 2022
Short-term? Absolutely. Long-term? Less likely. Main thing, of course, is to define your “market”. For me, I always compare my return against the S&P 500; I’m not going to even try to fight the volatility in more exotic indices.
Post: Can the market be beaten?
Link to comment from May 29, 2022
Yes, but only if the interest rate the credit card company is charging is less than what you’re earning on that borrowed money. Which, in the real world, normally means you’re paying off your balances each month. ;)
Post: Does it ever make sense to carry a credit card balance?
Link to comment from May 29, 2022
If, as an individual, you’re not spending a lot on energy, new homes, cars, or hired labor, today’s inflation is still quite muted. PS: That SC League proposal is just a plain old money grab. If a SS recipient needs extra cash, they should get a job, not rob taxpayers.
Post: What, Me Worry?
Link to comment from March 5, 2022