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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (109319)9/14/2008 11:21:25 AM
From: CommanderCricket2 Recommendations  Read Replies (4) | Respond to of 206222
 
Swan,

"I'm trying to lose the beta in my PF"

I should have addressed the issue of volatility. The gains in the future WILL NOT match the gains in the past because I'm slowly becoming more conservative. Getting to the point where 10% - 15% is enough and there isn't any reason to take on additional risk. 10% - 12% a year on a low to mid 7 figure portfolio is more than enough to live on.

In the future will write more covered calls, hold dividend paying stocks and less short term trading with the exception of options. Options are a kick to trade and you don't necessarily need a bunch of money to play.

Michael