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Sorry, my client wanted monthly income and we did liquid index ETFs that had good option liquidity. We had some CSP hit the strike but the strike was below 1 STD and we would write a a call the monday after with the CC strike 2-3%. We also would buy back/roll out if required. Not sexy but worked...

I managed a CSP and CC strategy for the past two years and netted 20-25% annual gains.

IAD to NRT? United? I had the joy of business on a 747 Upper Deck. One of my best flights...only bested by ANA on the way back.

So if you were trade independently and be conservative (no naked puts on the vix etc) what would be the best security to trade on. I saw the futures of the indexes allow for a tax "benefit", more liquidity, and more trading hours. What are the drawbacks for those future options?

I think the mic just got dropped from 36,000 feet... Back to the case, I am looking into the options but very conservative on the sell side only. I have been doing cash secured puts and covered calls for about 2 years (sexy I know), but I have garnered close to 20-30% return each year, as I...

No problem. I had the same question when I started digging into the fees.

To answer your question, the ETF annual fee is deducted from the NAV of the ETF and that fee includes every administration fee within it due to the liquidity nature of ETFs, and the NAV resets at the end of the day. That is why you can have an underlying index up 5% over a time span and the ETF...

Sorry I have been away from the forum. I have been working my day job. To clarify he wasn't a coworker and I didn't interact with him on a daily basis, more like a weekly. Thanks for the support and understanding in the block and knocking the confidence. He did get me to a point that I can trade...

learner - that is something different. I have really old print out of our "rules" and I'm going to frame it. I think that it might not be a confidence thing but just wanting to open up the trading suite is difficult. I used to spend hours talking trades and looking at the same charts now its...

Hey gents and gals, I need some help to see if anybody has experienced the same issue I am going through. For almost the past decade I had been trading with my godfather who taught me the basics, to forex, to etfs and options. We were able to produce very great return rates (+20%) and we would...

If I am an advisor within FL that has clients outside of FL would I have to treat that work as out of state work and pay taxes to say GA? Example follows I am a FL resident, with a FL business that has GA clients who pay say 10K. Is that 10K taxed in GA or FL? Do I have to pay GA taxes on that 10K?

I am not holding it and I wasn't trading it. The Trustee was trading it with monthly CSPs that have returned +20% after taxes annually for the past years. He took 40K and turned it into 120K. We did not have a losing trade until cancer reared its head again. Now that my trustee is on his...

All above. I know that they shouldn't be held for long and we have been good at it, but his cancer relapsed and I was sitting there unable to trade the account due to restrictions on it. Long term, I feel the market will be going sideways or down as the market makers and big banks lose the...

I'm looking for some advice. I have a trust that was setup after my father died and was traded by my godfather. He was doing cash secured puts (CSP) and trend trading and was averaging 20-24% return over the years. He was diagnosed with cancer last year and his attention moved from the trust...

Thanks guys. I appreciate the feedback. The reasoning behind the career change is that I have "awakened" to see that the finance runs the world. From the electricity to the planes overhead. He has a broker/dealer that he falls under for 20% of profits for all the back...

The one thing I like and is attractive is that he is flat fee of 1-1.5% based on account. No commissions, offers trusts and tax advise and the whole thing. He mentions that the extras helps him down the road as a lot of clients do trusts that "locks" the money in and minimizes distributions to...

I understand on that aspect. I am conservative in my trading and I have done the minute trading, day trading, forex, options, and all combined. I have moved to more trend trading but I understand. The asset management that I would like to setup would be a business that would offer estate...

I know that the $40MM is on the low side but that is what he gave me on the range being low when he was at the bank he had 10x that but just wanted something different. He limits himself on clients because he is a one man show under a partnership if that makes sense, and doesn't want to dilute...

For those that had a drastic career change to be an Advisor or Planner what is the trigger that made you do that? I recently got out of the Navy after 7.5 years, secured at the time I thought was a great gig with a F500 company (100K but 60-70 hour work weeks), and now I am looking at an...

I averaged about 20% over the past 3 years doing cash secured puts and active trading.