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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: FIFO_kid2 who wrote (2487)	4/14/2023 7:46:39 PM
From: robert b furman	Read Replies (1) \| Respond to of 2591

Hi FIFO, I bought big during the pandemic. I'm completely happy receiving the dividends which seem to be growing till I'm pushing up daisies. I have been reinvesting the dividends into KMI (good dividend payer) and AMNF (I've owned it for 10 years and go back to when it was a buck) It's a solid defensive play and no debt and a big cash reserve - we all have to eat! CVX and XOM are too pricey now. Seldom ever buy what is a MOMO stock. I'm a scardy cat investor. <smile> I've been selling puts on KMI and T, out in time ( June through January). I've been sitting on 35% cash for years, and just now have bought some CD's @ JPM. Notes on the secondary market and bills for 6 months. All low duration. It may not happen, but I'm laying low and hiding in the weeds awaiting crude to get up to $90 to $100 a barrel. If the market takes a dump, I'll buy more dividend aristocrat stocks. I still own 25 percent of a Chrysler Dodge Jeep dealership in rural Texas. The K-1's on a paid for dealership and my dividend income, keep me liking low tax rates and the possibility of treasury capital gains over the longer term. I'll just buy more stock shares if the treasuries don not show me 5.25 to 5.5% on a one year. If they can do 6% on a 2 year, I'll do a 5 year treasury. I have zero faith that the current administration wants to slow down the spending before the election. If (as I expect) crude goes up, inflation will be sticky, and rates will go higher this calendar year. The Saudis will break it off in Biden. He's a sleaze and they'd like to see Trump return to power. If Trump wins the presidency and we gain the Senate, I might lighten up, most likely not. I expect we'll see a super commodity cycle. Lack of investment when money was free, will be followed by capex expansion to harvest higher priced commodities when it costs more to invest, so slow capex and a long term commodity boom. I'm waiting with 35% cash and half of that in CD's and Treasuries. I sold KMI September 16's for 46 cents today. Doubled down on a previous position that has had good time decay. If the total double down average gets assigned, my net purchase price that will be $15.48 and a yield of 7.3% dividend yield after an announced 2 cent bump in the dividend next quarter. I'm OK with that. I actually hope for the assignment. Thanks for your recent post&#, I've saved it and will holler when I have a brainstorm. LOL Have a great weekend! Bob