OT, Playing with the option with such large % of position is more like gambling than investing. Like a time bomb, sooner or later, it will blow up badly. No sympathy for the guy who learn nothing for such period of time.
BTW, if you are a option trader, have you heard of Bernie Schaeffer's option advisor? I got his junk mail and was subscribed for short period. I hope someone should shut that down instead to put him on CNBC. Long times ago, one made a independent study, instead of 100-500% gain here and there, he often claimed, overall he has 1.3% return per year.
The market is kind to us since most of my family 401k, IRA and regular account money are park on no-load mutual funds which mostly set on their high now: NBGEX, TASCX, TAVIX, EUROX, HDPMX, PRWCX, PRIDX, PRGSX, PRWBX, high yield MMF, I-bond, and CD's. The only fund didn't do quiet well is short term bond fund PRWBX since the rising interest rate. Even though, if count on monthly dividend paid, it rises 2-3% in 3 years.
Some playing trading money back and forth, but still double compare to balance in 1/03 so far. |
