Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (5292)	2/27/2000 12:50:00 PM
From: Clappy	Read Replies (1) \| Respond to of 35685

Voltaire, <V reaches for the Lonworks remote control to figure out why the lights are getting brighter inside the porch...> The little light bulb above my head is beginning to get brighter. I see I may have been looking at this picture from the wrong side. Until now, I have been thinking I had to try to maximize my portfolio growth by being aggressive. I find I keep jumping onto what I believe is going to be the next QCOM... I toy with the idea of "Buying" Covered calls to help me leverage my way up... I've been thinking that I must amass a huge pool full of money/stocks inorder to make the largest leap up to the point where I can begin effectively begin utilizing options trading. Are you suggesting I use covered call writing as a method of building wealth? In otherwords do I use my tiny nest egg to safely build a giant nest egg over time? Am I exposing myself to too much risk by simply letting my stocks ride in a "Buy and Hold" manner? Would it be a good idea to consolidate my basket of a many stocks, down to 2 or 3 favorites and then use covered call writing to build wealth? Is the light bulb burning brighter?