I also did everything so that I could take control of my finances. I would never go back to paying someone to do anything between way worse than the market to exactly the market. I absolutely hate banks for it. I also hate the system for having absolutely zero intention of showing anyone the basics of investing. It's a scary thought that I discovered I could easily do it at 30 years old. I don't even want to think of the total of money I wasted on fees.
Establishing passive portfolio with covered calls
- Thread starter Punle
- Start date
If he is smart then he’ll be able to utilize any such platform better than other people. If he is not smart then your advice won’t help him either. While if Canadians aren’t stupid then they may have an even better platform to do the same.
Though actually I’m curious how well he’d do using your advice of “REALLY believing that the stock is in a weekly top or set to go down”
And please don’t stop, I love to be entertained by people recommending that others trade based on believing in God, or whatever.
"If he is smart then he’ll be able to utilize any such platform better than other people. "
Utilizing a robo advisor for asset allocation or to seek alpha is the stupidest thing I've ever heard. You fundamentally don't know how robo advisors work. Their asset allocation is between 8-12 securities typically.
"Though actually I’m curious how well he’d do using your advice of “REALLY believing that the stock is in a weekly top or set to go down”
When someone does analysis and thinks that a stock is going down that is where one would write ITM covered call. When someone thinks there may be more room for the stock to grow or may go sideways that's when you do a covered call OTM. Not sure if this isn't obvious to you or if you're just trolling or looking for attention like most of your other BS posts.
Utilizing a robo advisor for asset allocation or to seek alpha is the stupidest thing I've ever heard. You fundamentally don't know how robo advisors work. Their asset allocation is between 8-12 securities typically.
"Though actually I’m curious how well he’d do using your advice of “REALLY believing that the stock is in a weekly top or set to go down”
When someone does analysis and thinks that a stock is going down that is where one would write ITM covered call. When someone thinks there may be more room for the stock to grow or may go sideways that's when you do a covered call OTM. Not sure if this isn't obvious to you or if you're just trolling or looking for attention like most of your other BS posts.
Dammit all of my posts are stuck waiting approval. Guru, stating that anybody who does something else than putting their money in a robo-advisor or buying the market and holding it are basing their trades on words of God is pretty goddamn weird.
I have zero spite, but out of curiosity, why did you come on the options forum to make those statements? It seems pretty weird considering your beliefs, other than if it's to advertise for WealthFront.
I have zero spite, but out of curiosity, why did you come on the options forum to make those statements? It seems pretty weird considering your beliefs, other than if it's to advertise for WealthFront.
Last edited by a moderator:
BlacknBlue, without going too much into details, I would be curious as to what your allocations are, and what you're doing with them? I feel like your work experience gave you insight into what is realizable for you. What % of your total capital do you allocate to trade more actively? Do you have option strategies that you consistently use?
Punle, do more research into funds and overall markets. There is almost no point in buying a pure Canadian ETF or fund. For the same amount of risk you can just buy SPY. The canadian market RARELY outperforms the US. We had clients in Dynamic Equity Income Fund to achieve slightly greater TSX returns with lower volatility for example. Paying 2% was your choice. You can open a virtual broker account and buy the F class version which is less than 1%. The best function of a good fund is to lower volatility on the downside. We had clients moreso in funds than stocks when the market became overpriced. The reason I mention this is because the lower beta on the downside can outperform options writing in the short term. ETF's will give you 100% downside capture. There is a place for funds for most people's portfolio. If you can get a free trial on morningstar workstation you should give it a try to help with your research.
You need to understand how bond ETFs work. When a bond gets upgraded or downgraded and if it destabilizes the mandate the ETF NEEDS TO GET RID OF IT ASAP. We always had clients in bond funds rather than ETFs because they had higher returns, lower vol even with the fees. At this time and over the past 5+ years it's actually better to invest in alternative investment trusts rather than bond funds or etfs due to constant 6-8% (vs bonds say -2% to +6%) - do more research.
I still don't understand what you qualify as speculative.
Guru is a troll, don't worry about it.
You need to understand how bond ETFs work. When a bond gets upgraded or downgraded and if it destabilizes the mandate the ETF NEEDS TO GET RID OF IT ASAP. We always had clients in bond funds rather than ETFs because they had higher returns, lower vol even with the fees. At this time and over the past 5+ years it's actually better to invest in alternative investment trusts rather than bond funds or etfs due to constant 6-8% (vs bonds say -2% to +6%) - do more research.
I still don't understand what you qualify as speculative.
Guru is a troll, don't worry about it.
That was response to someone else talking about making decisions based on beliefs. You need to understand basic English if you want to comment on someone’s post responding to someone else and advising You NOT to make decisions based on believing in God
I don’t “come on the options forums.” I trade options and I see other people trade them, and am telling you that you won’t make more income from options than simply holding the underlying(s), if that.
You yourself have confirmed that you have not found solid evidence, backtests, indexes, ETFs, systems, strategies or methodologies that would generate substantial income for you with minimal effort. So why are you here when you decide to argue the same point that you already stated and I confirmed for you.
LOL Guru you're completely delusional, borderline stupid. It's pretty funny how there was zero provoking though nor any aggressiveness, and you're acting like a crazy animal backed in a corner, throwing insults for no reason. Well it's actually sad because it's probably rooted in mental illness, I hope you get help some day.
But seriously, just get out of here. You're wasting our time as well as yours. You're acting like a parasite. I don't need the god belief comment to be directed at me to understand how stupid it is. You pulled it out of your ass, there isn't anything remotely close to mentioning anything like that.
You make no sense in anything you say. Why the hell do you trade option if you believe holding the market is better than everything. How is one person not finding a specific strategy the proof that no substantial option strategy exist.
I made a huge post saying I'm 100% sure that a simple option strategy would beat the market, seems like you're the one in serious need of English lessons
But seriously, just get out of here. You're wasting our time as well as yours. You're acting like a parasite. I don't need the god belief comment to be directed at me to understand how stupid it is. You pulled it out of your ass, there isn't anything remotely close to mentioning anything like that.
You make no sense in anything you say. Why the hell do you trade option if you believe holding the market is better than everything. How is one person not finding a specific strategy the proof that no substantial option strategy exist.
I made a huge post saying I'm 100% sure that a simple option strategy would beat the market, seems like you're the one in serious need of English lessons
Last edited:
BlacknBlue, thanks for the last insights, I will orient the next part of my research based on that. I have no idea what you mean by buying a F class version of a broker. I'm pretty content in having 0 fees for my brokering account, 0$ commissions buying etfs, and between 0.07 and 0.2% management fees for holding the market.
I just want to clarify, having mutual funds in banks until 30 was kind of a choice of course, but my comment was more about the education system, because I had no idea a alternative ever existed. All I ever heard was to leave that to "the professionals".
I just want to clarify, having mutual funds in banks until 30 was kind of a choice of course, but my comment was more about the education system, because I had no idea a alternative ever existed. All I ever heard was to leave that to "the professionals".
A class funds = 2%. 1% to manager, 1% to the salesperson selling you the fund. F class = only pay the 1% to the manager. Different fund codes but same underlying assets. If you do research on the top funds offered in Canada you'll find out that some of them out perform the market in 3,5,10 year periods even with the 1% fee but that's up to you. I've been a professional investor my whole adult life and I still own funds in certain sectors during certain times. You can check your pure Canadian ETF vs Dynamic Equity Income along with XIU. You're getting similar alpha but with lower volatility. This is including the 1% management fee.