To: geoffrey Wren who wrote (70546 ) 6/25/2022 11:00:55 AM From: robert b furman 1 RecommendationRecommended By E_K_S
Read Replies (1) | Respond to of 78953 Hi geoffrey, I've had some INTC put to me as I started selling puys on too high of a strike price on close to expiration months. If this market continues like it has, it will be necessary to lower the strike prices on the big cash flow and little growth companies. These companies will still have business and pay their historical dividend. If we continue with a worsening recession, they'll get cheaper and there will be more of them. Solid long term companies that sell good products and have demand. I'd add XRX, INTC, and IBM to that list. With an eye on dividend yiels reaching 6=7 percent, a lower strike price will very good reliable money. Selling puts on that kind of stock is a very sound and safe way to increase your income. I suspect we'll see one more rebound in stock prices. Our economy can be saved and corrected, but a change in government that addresses cheap energy and nnot reinventing electricity generation on a nation wide level. Renewables are nice , but not reliable. They are limited in their place amongst all sources. The woke leaders of today are controlled by other agenda's and remain committed and inflexible - which is scary and frustrating. The average Joe has felt the pinch and is now more informed on the green pipe dream. This is one of those wonderful pivots that will provide opportunities for adding bargains. Add slowly and wait for brutal dips. These adjustments can take years. If that is we have here, we're in the beginnings of a new mode of investing. Caution and patience will be the new mode of wealth creation. Dividend stocks will be the target. Buying them via cash collateralized puts, that assign when the expiration falls on a down market is the way to add to. Staggering the strike prices such that some assign and some expire to 00.00 and help pay for the assigned is the safest way to invest and grow wealth. It is counter intuitive to most investors and all speculators. Slow steady growth over a lifetime of investing is boring and requires patience. It is not the stuff of ETF's being sold for fast wealth building Wall Street type hype. You have your eye on the right kind of investment IMO. Keep looking at everything. The all but undiscovered and overlooked basic industries are diamonds on the ground and out there to be found. A down market is the very best thing to help an investor set up their account for faster growth in the future and few if any losses. That is a very long term view! Like Da Cheif says: "Breathe in Breathe Out". Bob