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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Turtles_win who wrote (121936)	11/12/2018 7:56:58 PM
From: robert b furman	1 Recommendation Recommended By dvdw© Read Replies (1) \| Respond to of 206760

Hi TW, I wrote that incorrectly. I'm out of anything (sold to open puts) expiring till January 18th 2019. I'm still long my buy and hold dividend paying stocks. So in that regard I'm longer than ever before. I'm just no longer levering my equity beyond what cash is in my account plus the expected receipt of dividends. So the puts I've sold can be paid for with cash and future dividends to be received within 30 days of the assignment - if it gets assigned. If the market goes down, I'll use the dividends to buy more shares and give myself a pay raise for the next year. I'm basically 1/3 cash and 2/3 equities. It used to be 50/50 but I've bought quite a lot of property from my mother's estate. She passed in June of 2016 and I've just concluded all purchases. She lived to be over 98.5 years - so she gave me ample time to prepare for the acquisitions. Since her passing, my cash is paying almost twice what it was earning in June 2016. Last month I got 3.57% - for years it was below 2.0 %. So in balance - I'm just fine. With this increased volatility, there is money flowing from equities to fixed income instruments. If the fed does a 1/4 point rise in December, rates will approach 4% in certain instruments (only available through alternative private equity instruments). So with a balanced income portfolio - it is 6 of one and a half dozen of something else. I still say this corrective phase since January / February 2018 - it reminds me of the 1997 to 1998 "Asian Contagion" decline before the huge runup to 2000 with a Dot.com crash. I think it still fits well with in the long term cycle of things. I appreciate your thoughts and comments. Bob