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Strategies & Market Trends : Dividend investing for retirement
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To: Thehammer who wrote (26469)2/4/2017 12:05:08 PM
From: robert b furman  Read Replies (2) of 34328
 
Hi hammer,

I rolled my 401K into an IRA specifically so I could sell cash covered puts.

Next month it will be 3 years.

Currently my IRA is up 24.60 percent over the almost 3 years.

The cash retained in the account is 75.57 % of what I originally rolled over.

Relative to the performance I experienced from my 28 years in building the 401 K I'm very pleased with my performance.

I personally think what I stumbled onto (selling cash covered puts and or getting assigned a stock that if bought at the net purchase price (strike less premium received / into the dividend) is extremely expense efficient and is the stuff of annuities sold to people not willing to do the work.

It is work and it is extremely interesting and "FUN" to me as I learn a much greater universe of stocks and companies.

It smacks of a regulator writing a rule that protects me and forces me to need the expense of a TOO highly paid RIA to save myself from myself.

I say scrap those well intended regulations and when you go to your computer to make your own investments - remember what it says over the door as you walk into the CME "Caviat Emptor" = the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made..

I'm proud of Trump throwing out that kind of garbage - he's the kind of free market leader we've been needing.IMO

Warren and her ilk want to save us from ourselves - me thinks there is some one whispering in her ear as they fill her purse - then WHALAH - a new regulation saves us all.

I think I recall you helping me understand "in leau of dividends received". Good to hear from you again!

Bob
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