Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Cosmo Daisey who wrote (49308)	11/11/1999 10:56:00 PM
From: Voltaire	Read Replies (2) of 152472

Nah, Lets say the man has $10 Mil. keep the $10 mil in Qcom. Just simply have his stock in a Margin account that will always show the reciprocal of the $10 mil. or buying power of $10million. 1. Set up Margin acct. 2. buy $10 mil in Qcom 3. Write out of the money calls so you get the income ( say . about $300,000 per month) but far enough out you probably will not have to buy back but if you do you are still winning a lot more than any 6% bonds would pay annually ( just $600,000) 4. The account will show buying power of $10,600,000 and he just writes checks out of that, and roll the calls out every month creating a perpetual short term write off that probably will never be needed. Plenty of income from appreciative value and never pay taxes. Wonderful country wouldn't you say? The key is buying your calls back which means your account has gone up in value if you pay more than you sold them for. V

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