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07-29-2021, 09:14 AM
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#2761
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,735
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Quote:
Originally Posted by geroge.burns99
Guys.....
Whats your take on covered calls ETF's
Like QYLD, JEPI
From what I learned they are recession proof
Mike
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the markets never offer free lunches
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07-29-2021, 09:18 AM
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#2762
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
the markets never offer free lunches
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07-29-2021, 11:03 AM
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#2763
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,528
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Quote:
Originally Posted by Parkview_Pirate
I have not posted in this thread for many moons, when a number of years ago I was still learning the lesson of "don't fight the Fed" and printers go "Brrrrrr". But, like all good things, someday it will end.
Today Charles Hugh Smith, one of the few bloggers I follow, essentially called the top and said the bell was chiming:
https://www.oftwominds.com/blogjuly2...ll-in7-21.html
Then tonight my older brother emailed me (subject: sharing the wealth), bragging about his top 4 stocks and all their gains, and now he's well above water from earlier losses back in 2008/2009. While not a shoeshine boy, he's no savvy trader either, and definitely fits the definition of "retail investor".
FWIW, I think just about any catalyst should knock the market over - but I have thought that now for about 12 years. Top pick on catalyst - China invades Taiwan, real shooting war for US/UK/Japan, dragging Russia, India, Australia and the Koreas into it.
Six months from now nobody will remember what was so big about Covid.
You have been warned. |
Not today...lol
BTW, I agree with you. However, that was back when people were kinda clueless.
Now that people know the whole "sell when grandma starts asking about day trading," the rules have probably been flipped on their head...lol
And you get what we've been seeing lately...big up days and brand new highs.
The only thing that's going to take this market down is a "significant event." Not just smart money bailing and leaving retail holding the bag.
Last edited by PaceAdvantage; 07-29-2021 at 11:04 AM.
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07-29-2021, 11:09 AM
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#2764
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by geroge.burns99
Guys.....
Whats your take on covered calls ETF's
Like QYLD, JEPI
From what I learned they are recession proof
Mike
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The QYLD mimics almost the same ups & downs as the S&P 500 over the last 2-3 years. But they charge you 7 times the expense ratio of the SPY, for the privilege of telling investors it's covered calls. The JEPI only started at the bottom of the pandemic last year, and mirrors the S&P500 as well. Their management fee is ONLY 4 times the SPY. Recession proof? They take the same risks as the overall market to my eye.
Chart for QYLD
https://schrts.co/TdMcukUa
Chart for SPY
https://schrts.co/agJKDJNw
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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07-29-2021, 12:54 PM
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#2765
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by FakeNameChanged
The QYLD mimics almost the same ups & downs as the S&P 500 over the last 2-3 years. But they charge you 7 times the expense ratio of the SPY, for the privilege of telling investors it's covered calls. The JEPI only started at the bottom of the pandemic last year, and mirrors the S&P500 as well. Their management fee is ONLY 4 times the SPY. Recession proof? They take the same risks as the overall market to my eye.
Chart for QYLD
https://schrts.co/TdMcukUa
Chart for SPY
https://schrts.co/agJKDJNw |
the thing is that you wont lose any of your investments if the market goes down or something like that....
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07-29-2021, 10:46 PM
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#2766
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Registered User
Join Date: Jan 2015
Posts: 1,955
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Quote:
Originally Posted by PaceAdvantage
Not today...lol
BTW, I agree with you. However, that was back when people were kinda clueless.
Now that people know the whole "sell when grandma starts asking about day trading," the rules have probably been flipped on their head...lol
And you get what we've been seeing lately...big up days and brand new highs.
The only thing that's going to take this market down is a "significant event." Not just smart money bailing and leaving retail holding the bag.
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My brother's email came out of nowhere. I just had to laugh.
The Fed could pull liquidity like they did in 2008, and then blame it on Bear Sterns, err, Tesla, err China, or the unvaxxed, or what have you. I operate under the assumption that the markets don't have any organic cause of their ups and downs, and the shots are called way up the chain.
And based on that, a crash of the everything bubble will/may/should be coming soon, though there is a slight chance they crash the dollar instead and hyperinflate our way to a Reichstag moment.
In any event, the preservation of "wealth" will quickly become minimizing the loss of wealth, and I'll be truly shocked if part of the process doesn't include clamping down on retirement funds - and mandating conversions to .gov bonds.....
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07-30-2021, 12:10 AM
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#2767
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,528
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welp, it gave back everything and then some since 1:30pm yesterday afternoon...I am a total mush
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07-30-2021, 08:55 AM
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#2768
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
welp, it gave back everything and then some since 1:30pm yesterday afternoon...I am a total mush
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At around 3Pm yesterday , i had a big smile on when I saw my account....
At 5, I said what the f*&k!!
Half gone and still declining
And this is after news that inflation is not as people thought..
this morn , i though of seeing a big lose but so far it tolerable
lets wait and see
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07-30-2021, 10:05 AM
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#2769
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Pre Market I was down over $500....
Now its down $19
Go figure....
NOT COMPLAINING!!!
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07-30-2021, 03:50 PM
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#2770
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Not Looking Good---Time to Go on Defense
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07-30-2021, 03:57 PM
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#2771
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by ReplayRandall
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That's why I'm losing my shit today....
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08-01-2021, 08:51 AM
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#2772
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,735
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Venezuela’s 31 tonnes of seized gold at the Bank of England
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08-01-2021, 09:01 AM
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#2773
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
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There goes my foreign holdings...... 
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08-02-2021, 06:20 PM
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#2774
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,735
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the general does a 1 for 8
GE just did a reverse stock split. it closed today at $100. the company and the stock has been a pos for the past 20 years. nothing has changed with that company except for them selling off their better assets to remain in business.
this is going to be my go to stock when I am ready to short the market.
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08-02-2021, 10:36 PM
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#2775
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,467
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Quote:
Originally Posted by lamboguy
GE just did a reverse stock split. it closed today at $100. the company and the stock has been a pos for the past 20 years. nothing has changed with that company except for them selling off their better assets to remain in business.
this is going to be my go to stock when I am ready to short the market.
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Do you think that they are parking moneys outside these United States?
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