Click here for reuse options!
Copyright 2017 TheAcsMan
Outgoing White House press secretary Sean Spicer has criticized the notorious parody of him by Saturday Night Live comedian Melissa McCarthy as “over the line.” “I think that there were parts of it that were funny, but there’s a lot of it that was over the line,” Spicer told Fox News’ Sean Hannity on Friday. Hours…
We all know first impressions are highly influential, despite being told not to judge a book by its cover. A person’s face can reveal a wealth of information ranging from their personality to their health. Now, researchers at the University of Toronto suggest social class can be accurately predicted by looking at someone’s neutral facial expression.…
A few weeks ago, 2 weeks to be precise, as I don’t write very much anymore, I did something that I had never done before.
That was to sell positions in order to raise cash.
The positions that I sold, weren’t in my usual “covered option” portfolio. They were all uncovered index funds that I had held for quite a while and had some nice long-term profits on them, as they just went along for a long market ride.
2 weeks ago on a day that the DJIA went about 144 points higher, I sold 50% of those accumulated shares.
I did so because I saw nothing to warrant the belief that we were heading even higher, at least not for a basket of stocks kind of portfolio.
Individual names, maybe. A basket? Not so much.
But, I did so with the intention of going back in with the cash to buy once again, although not all at once if the S&P 500 had retraced a mere 3% or so.
In those 2 weeks, the portfolio that held those index funds outperformed the S&P 500 by 0.5%, partly because the S&P 500 fell about 0.1% in that time period.Click here for reuse options!
Don’t think about it too much. That’s my advice. Yes, as you read this, the federal government remains a hot tub gurgling a witch’s brew of dysfunction and malice. Yes, the president is still tweeting insults at television hosts while his administration works to perhaps suppress voters and leave tens of millions of people without health…
I’m a bit more rambling today than usual, but it was an unusual day after an eye opening weekend.
A few years ago, maybe about 5 years ago at this point, I wrote an article about a lower maintenance approach to hedging a portfolio.
It involved the use of a well diversified portfolio of about 10 names. They would, ideally, all be high and safe dividend paying companies.
The idea was to use LEAPS and try to stagger the expirations and then just sit back.
Sit back and collect dividends and add that income to the premiums from having sold the options.Click here for reuse options!
The June 2017 option cycle ends tomorrow and it was looking as if L Brands was going to get assigned.
At a time when I really do want to increase cash holdings, ordinarily, I would be pretty happy about seeing that position get closed.
After all, it had done pretty well.
In the event that it had been assigned tomorrow, the 3 month holding would have returned 11.7%.
That’s pretty good when you consider that for the comparable period the S&P 500 returned only 2.4% or, even you want to give benefit of the doubt and include dividends, maybe 2.8%.
But as I was looking at the coming month and wondering what exactly was I going to do with the money that I would have lying around, I looked at the risk – benefit proposition in front of me.
That risk – benefit proposition was this:Click here for reuse options!
Donald Trump isn’t the only president to have faced harsh criticisms just months into office. At this point in former President Barack Obama’s tenure as the leader of the free world, right-wing news outlets were condemning his use of Dijon mustard as a condiment. Yes, really. In news from eight years ago that appears to be…
Well, this decision should help add to world-wide stability. What possible nefarious uses for a cryto-Ruble could there possibly be?