Please keep in mind the tax consequences to options and potentially short term capital gains taxes on the sale of your shares.
Don’t write options on companies you plan on holding for years.
You will limit your upside with the company shares.
First, try covered call options on large cap companies with more predictable cash flows and stability. This covered call strategy on Large Cap Value companies can be repeated indefinitely.
Thank you for the reminders and advice, Richard! I'm certainly new to this and learning as I go. Considering the 5-week rolling period, do you think that writing covered calls on names I do indeed want to hold for years (like Tesla) is a bad idea? Should they be shorter durations with higher strike prices? Trying to find the right balance!
Please keep in mind the tax consequences to options and potentially short term capital gains taxes on the sale of your shares.
Don’t write options on companies you plan on holding for years.
You will limit your upside with the company shares.
First, try covered call options on large cap companies with more predictable cash flows and stability. This covered call strategy on Large Cap Value companies can be repeated indefinitely.
Then shoot the Moon like Elon
Thank you for the reminders and advice, Richard! I'm certainly new to this and learning as I go. Considering the 5-week rolling period, do you think that writing covered calls on names I do indeed want to hold for years (like Tesla) is a bad idea? Should they be shorter durations with higher strike prices? Trying to find the right balance!
What’s your thoughts on Fundrise new innovation fund?
Big fan! I've been an investor for about a year now. I think their recent investment in Canva was genius.
What is your opnion on JEPQ, JEPI, BALI and KLIP as passive income ETF
Can I get last month growth portfolio I am missing it Thanks