WoV stock portfolio

I compare it to backing a blackjack pro. I could play the game forty hours a week and get mostly the same result as most counters, or I could contribute to his bankroll and take a piece of his profit. I gave Rex $50,000, and they play with it and pay me $400 a week. Meanwhile, the rest of my portfolio is reinvested and just continues to grow. It's passive investing. In about 18 months, I'll have recouped my initial investment and will still be collecting that payout each week.
If somebody can do better, I'm happy for them.

A year ago, I tried to explain why these funds were a better investment than bitcoin, and everyone scoffed.

Quote: lilredrooster

Quote: billryan

The professionals at REX can do much better with covered calls than I can as an individual, simply because I can't afford the 5,000 shares of 15 different stocks to write multiple out-of-the-money calls on them. I prefer to pay them to do it rather than make my own mistakes.
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based on what he posted AZ is now making a much higher % on his deals than Fepi or Cepi is making on theirs
probably mostly because it's a low price stock with greater volatility and of course also greater risk
he would have to say for sure, but I would guess it's mainly a sideline for him - something that's fun - and not his main investment

.
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It's a sideline I one day hope to make a mainline. As I said above, has taken 20 plus years to get some consistent returns. I built my own scanners with my own ideas on what indicators to use. It is only "work" if you hate doing it. I like trying to predict stocks. I like the market. I had no guidance growing up how to get into it. I had no desire to dial and smile 500 timers a day. I did not have the math to get into the quant area.

What I do have is pattern recognition and my own ideas. Professionals have regulatory constraints that I do not. So that....

It makes Friday afternoon fun when you roll the covered calls.

Quote: billryan

A year ago, I tried to explain why these funds were a better investment than bitcoin, and everyone scoffed.

Investments earn money, Bitcoin earns nothing.

Quote: AZDuffman

Quote: lilredrooster

Quote: billryan

The professionals at REX can do much better with covered calls than I can as an individual, simply because I can't afford the 5,000 shares of 15 different stocks to write multiple out-of-the-money calls on them. I prefer to pay them to do it rather than make my own mistakes.
link to original post

based on what he posted AZ is now making a much higher % on his deals than Fepi or Cepi is making on theirs
probably mostly because it's a low price stock with greater volatility and of course also greater risk
he would have to say for sure, but I would guess it's mainly a sideline for him - something that's fun - and not his main investment

.
link to original post

It's a sideline I one day hope to make a mainline. As I said above, has taken 20 plus years to get some consistent returns. I built my own scanners with my own ideas on what indicators to use. It is only "work" if you hate doing it. I like trying to predict stocks. I like the market. I had no guidance growing up how to get into it. I had no desire to dial and smile 500 timers a day. I did not have the math to get into the quant area.

What I do have is pattern recognition and my own ideas. Professionals have regulatory constraints that I do not. So that....

It makes Friday afternoon fun when you roll the covered calls.
link to original post

I don't disagree. If you have passion and enjoy what you are doing, your results aren't as important.

Quote: lilredrooster

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it was quite amazing to me that virtually every comment in the video was positive - I've never seen that on a YT video before

]

The comments are mostly bought/bots. This is very common on youtube in the finance niche.

Covered calls are not a magical strategy. Formal academic studies show no significant improvement in returns over buy and hold or other strategies. Impact is limited to distribution of volatility.

Quote: billryan

If you have passion and enjoy what you are doing, your results aren't as important.

terrible comment
the results are obviously important to him
and he does quite well

.

Quote: lilredrooster

Quote: billryan

If you have passion and enjoy what you are doing, your results aren't as important.

terrible comment
the results are obviously important to him
and he does quite well

.
link to original post

And you know that how? He himself said it took twenty years to produce decent results. You have no idea how he has done compared to anyone else, nor has he said how he has done, so why would you make such statements?
What we do know is that he is passionate about investing and has been willing to work on it for the last twenty years. To me, he's found something more important than results. I'm sorry you don't understand that.

Quote: billryan

Quote: lilredrooster

Quote: billryan

If you have passion and enjoy what you are doing, your results aren't as important.

terrible comment
the results are obviously important to him
and he does quite well

.
link to original post

And you know that how? He himself said it took twenty years to produce decent results. You have no idea how he has done compared to anyone else, nor has he said how he has done, so why would you make such statements?
What we do know is that he is passionate about investing and has been willing to work on it for the last twenty years. To me, he's found something more important than results. I'm sorry you don't understand that.
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I believe based on his posts that his 20 years of work was driven by his desire to improve his results
and that the results themselves were quite important to him
he did post some of his results - which were quite good - and described his results as generating "consistent returns"
.

I've no idea how he has done, and while I certainly hope he has done tremendously well, claiming that you know he has because he posted some of his results is ludicrous.

Quote: billryan

I've no idea how he has done, and while I certainly hope he has done tremendously well, claiming that you know he has because he posted some of his results is ludicrous.
link to original post

your posting "your results aren't as important" is ludicrous

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