I have same feeling about CHSE for long term too. Hopefully, give it another quarter or two to prove its power. But currently I am a little bearish with the US general market, so I sold some of my stock option call and use the money to buy NASDQ put for my asset protection. I learned this from one of popular stock picker(I forgot his name, not Peter Lynch for sure). If stock market or the stock that I own go up, even the money that I bought from index got eaten up, but I got to assigned for good price of my stocks. If the stock market got crashed suddenly, then I would get descent return of option index premium and with written call of my stock option expired to exchange for some of my stock losses. If my stock don't move and so with market, then index premium and written stock call option get push and my stock will stay there as usual. It sound like a good idea, isn't it. But with today's market, I could not refuse to sell some index options for short term profit. Hope the stock market not going crash on Tuesday so that I have chance to buy back some index option for asset protection. I will tell you how I feel about this implementation in two or three months
Certainly, I try to invest the stocks with good value in it so that after all bad time settled, all of my portfolio will still survive.
Gee, I like the preview function of this board. It can pick up each single mistake of spelling or mistyping. |
