Meet Gene, a NASDAQ Market Maker Message Board

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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: Mark Z who wrote (531)	8/15/2000 8:26:01 PM
From: gene_the_mm	Read Replies (1) of 1426

MARK... Unfortunately, investment strategies are not my forte, TRADING strategies are. However, IMHO, unless you buy extremely risky investments in your 401K/retirement plan, I don't see why you would want to purchase protective puts (unless you are very close to retirement now and are afraid of a potential crash)? Think about it... You should be buying what you consider blue-chips and 'tomorrows winners' in your retirement account, or funds that track these stocks. If you have 10 to 20 years or more to go until you retire, that is plenty of time to weather some bear markets and still beat bank interest rates (based on historical prices). What would protective puts do for you in the long run? Nothing IMHO. If you are buying extremely risky stocks in your retirement account (which IMHO would be unsuitable investments for a retirement account) than MAYBE you should consider protective puts... or maybe consider better 'retirement' investment. NOW KEEP THIS IN MIND FOLKS... There probably is legitimate, sound financial reasons for protective puts that I am not aware of. What I would do is have the brokerages EXPLAIN how you can benefit from them before you swear them off. Perhaps I am completely mistaken... Do your own due diligence and ask, ALWAYS. Great question... DANNOBEEE can you help here? All the best, -- Gene

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