WoV stock portfolio
June 14th, 2026 at 7:48:58 AM
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I've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?
The older I get, the better I recall things that never happened
June 14th, 2026 at 8:27:06 AM
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Quote: billryanI've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?
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Insurance is almost always a bad ‘investment’.
I always decline the car rental insurance add on. Don’t know how many $$ I’ve saved over the years. Once had an issue that cost me my $500 deductible from my regular car insurance. I was grumpy paying that $500, but still was happy for the multiple of that I’ve saved over the years.
June 14th, 2026 at 8:47:01 AM
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Quote: billryanPeople who had a sound financial plan managed fine, while those who thought that diversifying meant having five different S&P 500 funds didn't.
extremely silly post - surprise, surprise, surprise
no reason for anyone to have 5 or more than one since they all return the exact same %
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the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 14th, 2026 at 8:51:36 AM
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My nephews are not big believers in Wall Street. They only keep about 20% of their money in stocks. They claim it is what their peers are doing. It appears to be working well for them. Ten years ago, I was convinced my youngest nephew would live in my sister's basement for life, but happily, I was very wrong.
The older I get, the better I recall things that never happened
June 14th, 2026 at 1:50:37 PM
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Quote: SOOPOOQuote: billryanI've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?
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Insurance is almost always a bad ‘investment’.
I always decline the car rental insurance add on. Don’t know how many $$ I’ve saved over the years. Once had an issue that cost me my $500 deductible from my regular car insurance. I was grumpy paying that $500, but still was happy for the multiple of that I’ve saved over the years.
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I have always declined also. I have no idea how many days that I have rented a car and what I have saved. I would guess that I have well over 500 nights of car rental. If I ever do accept their insurance it will because I have every intention of collecting on it.
You can't know everything, but you can know anything.
June 14th, 2026 at 3:23:53 PM
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Quote: DRichQuote: SOOPOOQuote: billryanI've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?
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Insurance is almost always a bad ‘investment’.
I always decline the car rental insurance add on. Don’t know how many $$ I’ve saved over the years. Once had an issue that cost me my $500 deductible from my regular car insurance. I was grumpy paying that $500, but still was happy for the multiple of that I’ve saved over the years.
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I have always declined also. I have no idea how many days that I have rented a car and what I have saved. I would guess that I have well over 500 nights of car rental. If I ever do accept their insurance it will because I have every intention of collecting on it.
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Yeah those waivers are very profitable for the rental company, and the clerks get a commission for selling it as an add-on.
I have a business model for a car rental company that also ships and loads your checked luggage. You'd bring your luggage to their drop-off at your departure airport 24 hours before your flight, and they fly it as consolidated cargo to your destination airport. You get on the plane with just your carrion, and when you arrive, a rental valet shows up with your car and your luggage is already loaded in the trunk. He checks your ID, gives you the keys, then heads over to the arrival terminal to wait for someone returning a car and the process is reversed- he takes the keys, gives you a receipt, drives it back to their depot where your luggage gets flown as cargo back to your home airport and the car is refreshed.
Aside from the convenience and cost savings of not having to deal with an airline's checked luggage problems and costs, such a car rental company would see savings in not having a rental office or counter, which is usually on prime real estate, and instead could just have a lot a few miles away from the airport. Then the only customer-facing employees they would need would be these valets loading and unloading the luggage and driving the cars back and forth.
June 14th, 2026 at 5:23:52 PM
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Quote: AutomaticMonkey
I have a business model for a car rental company that also ships and loads your checked luggage. You'd bring your luggage to their drop-off at your departure airport 24 hours before your flight, and they fly it as consolidated cargo to your destination airport.
I hate to say it but that sounds like a horrible idea. What traveler wants to be without the majority of their travel belongings for 24 hours? I rarely even pack until an hour before I am leaving.
You can't know everything, but you can know anything.
June 15th, 2026 at 10:33:24 AM
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Apple became the first publicly traded company to reach a trillion-dollar market cap in August 2018. SpaceX is the 12th company to surpass that mark. Concentrating that much wealth in so few companies is not particularly healthy.
The older I get, the better I recall things that never happened
June 15th, 2026 at 10:46:02 AM
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Quote: billryanApple became the first publicly traded company to reach a trillion-dollar market cap in August 2018. SpaceX is the 12th company to surpass that mark. Concentrating that much wealth in so few companies is not particularly healthy.
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MUSK up $100 BILLION today as I type this!
WoV portfolio up, but still lagging my others. Up around 252% .
Musk is prohibited from selling any of his shares for a full year. The other ‘insiders’ have various ranges of when the can sell. But none nearly as restrictive as Musk’s. It is believed Musk agreeing to the restriction is a big reason the price has soared since the IPO.
Apparently SPCX doesn’t get added to QQQ/SPY and the like immediately. Takes weeks for some, and a year for others.
June 16th, 2026 at 10:03:21 AM
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Yum Foods has sold off its Pizza Hut division and has committed to reinventing its KFC brand. Both divisions have been underperforming for years.
For long-term investors, Yum was a spin-off of Pepsi in the late 90s. Shareholders were given the option of either one share of Yum or a one-time $ 5.00-and-change payment. That $5 is now grown to almost $160 and earns $3 a year in dividends.
A perfect example of how long-term investing works. Yum has had decent, but not great results for its lifetime but those who held it have done berry berry well..
Edit-It's actually even better, as I forgot that Yum had split off its China division into a separate stock, Yum China, worth roughly $40 per share. That is $200 plus $3 a year in dividends.
For long-term investors, Yum was a spin-off of Pepsi in the late 90s. Shareholders were given the option of either one share of Yum or a one-time $ 5.00-and-change payment. That $5 is now grown to almost $160 and earns $3 a year in dividends.
A perfect example of how long-term investing works. Yum has had decent, but not great results for its lifetime but those who held it have done berry berry well..
Edit-It's actually even better, as I forgot that Yum had split off its China division into a separate stock, Yum China, worth roughly $40 per share. That is $200 plus $3 a year in dividends.
Last edited by: billryan on Jun 16, 2026
The older I get, the better I recall things that never happened
June 17th, 2026 at 4:03:12 PM
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Quote: billryanYum Foods has sold off its Pizza Hut division and has committed to reinventing its KFC brand. Both divisions have been underperforming for years.
For long-term investors, Yum was a spin-off of Pepsi in the late 90s. Shareholders were given the option of either one share of Yum or a one-time $ 5.00-and-change payment. That $5 is now grown to almost $160 and earns $3 a year in dividends.
A perfect example of how long-term investing works. Yum has had decent, but not great results for its lifetime but those who held it have done berry berry well..
Edit-It's actually even better, as I forgot that Yum had split off its China division into a separate stock, Yum China, worth roughly $40 per share. That is $200 plus $3 a year in dividends.
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n
I miss Long John Silver's being part of YUM. I rarely even see an LJS anymore..
"In July 2013, the Center for Science in the Public Interest, a nutrition and health policy watchdog group, named Long John Silver's "Big Catch" meal the worst restaurant meal in America, noting that it contained 33 grams of trans fat, 19 grams of saturated fat, 1,320 calories, and almost 3,700 milligrams of sodium."
I respect a company with the unhealthiest meal.
You can't know everything, but you can know anything.
June 17th, 2026 at 6:04:25 PM
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Quote: SOOPOOQuote: billryanApple became the first publicly traded company to reach a trillion-dollar market cap in August 2018. SpaceX is the 12th company to surpass that mark. Concentrating that much wealth in so few companies is not particularly healthy.
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MUSK up $100 BILLION today as I type this!
WoV portfolio up, but still lagging my others. Up around 252% .
Musk is prohibited from selling any of his shares for a full year. The other ‘insiders’ have various ranges of when the can sell. But none nearly as restrictive as Musk’s. It is believed Musk agreeing to the restriction is a big reason the price has soared since the IPO.
Apparently SPCX doesn’t get added to QQQ/SPY and the like immediately. Takes weeks for some, and a year for others.
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He also gets 1 billion shares of Class B shares if he puts 1,000,000 permanent resident humans on Mars.
June 18th, 2026 at 4:37:52 AM
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it looks like another big up day for stocks due to the Iran deal, oil prices falling and the Fed not raising interest rates
futures are well up
it kinna makes me wish I was a trader, but I'm not, and don't wanna change my stripes after all of these years
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it looks like another big up day for stocks due to the Iran deal, oil prices falling and the Fed not raising interest rates
futures are well up
it kinna makes me wish I was a trader, but I'm not, and don't wanna change my stripes after all of these years
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the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 18th, 2026 at 11:41:29 AM
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Quote: lilredrooster.
it looks like another big up day for stocks due to the Iran deal, oil prices falling and the Fed not raising interest rates
futures are well up
it kinna makes me wish I was a trader, but I'm not, and don't wanna change my stripes after all of these years
.
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You must have missed yesterday? Stocks are up a fraction of what they were down yesterday! Got a bunch of big dividends yesterday. More $$ plowed into MMA.
June 18th, 2026 at 1:15:07 PM
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Quote: SOOPOOQuote: lilredrooster.
it looks like another big up day for stocks due to the Iran deal, oil prices falling and the Fed not raising interest rates
futures are well up
it kinna makes me wish I was a trader, but I'm not, and don't wanna change my stripes after all of these years
.
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You must have missed yesterday? Stocks are up a fraction of what they were down yesterday! ou must have missed yesterday? Got a bunch of big dividends yesterday. More $$ plowed into MMA.
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idk
my searching indicates the Nasdaq went up more today than it lost yesterday
lost 1.34% Wednesday dropping 354.69 points
up 1.4% today gaining 370 points
my searching found that the S&P 500 was down a tiny bit more on Wednesday than it was up today
the djia lost a little more on Wednesday then it gained today
when I posted "another big up day" I wasn't referring to Wednesday but to other big up days
so, today was an up day but not a "big up day"
I check the markets every day just out of curiosity
nothing could happen there that would cause me to sell off any of my positions or buy anything else either
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Last edited by: lilredrooster on Jun 18, 2026
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 18th, 2026 at 1:59:31 PM
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My portfolio is often down on days when the market is up, and vice versa. I think that's true for everyone who isn't 100% into tracking funds.
The older I get, the better I recall things that never happened
June 19th, 2026 at 5:00:04 AM
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when I posted yesterday that the Nasdaq was up just 1.4% gaining 370 points that was info I got just after closing
it wasn't correct - I guess all the tabulations had not yet been made
the Nasdaq was actually up 496.28 points - 1.91%
so, if not a "big up day" it was pretty close to one
to me, the Nasdaq going up 2% or more qualifies as a big day
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(referring to yesterday)Quote: lilredrooster.
it looks like another big up day for stocks
when I posted yesterday that the Nasdaq was up just 1.4% gaining 370 points that was info I got just after closing
it wasn't correct - I guess all the tabulations had not yet been made
the Nasdaq was actually up 496.28 points - 1.91%
so, if not a "big up day" it was pretty close to one
to me, the Nasdaq going up 2% or more qualifies as a big day
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Last edited by: lilredrooster on Jun 19, 2026
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 19th, 2026 at 6:15:51 AM
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Quote: lilredrooster.
(referring to yesterday)Quote: lilredrooster.
it looks like another big up day for stocks
when I posted yesterday that the Nasdaq was up just 1.4% gaining 370 points that was info I got just after closing
it wasn't correct - I guess all the tabulations had not yet been made
the Nasdaq was actually up 496.28 points - 1.91%
so, if not a "big up day" it was pretty close to one
to me, the Nasdaq going up 2% or more qualifies as a big day
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That used to be true, but the manipulations of the current market are producing wild swings. You also must remember that the Nasdaq is just a portion of the overall market and represents certain segments of it. While NASDAQ now has a larger cap than NYSE, the Big Board is much more diverse and representative of the overall economy.
If you have to use one number, the S&P 500 is said to be a better measure than the Dow or the NASDAQ 100
The older I get, the better I recall things that never happened
June 22nd, 2026 at 7:09:28 AM
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Opens up today. Everything I read over the weekend with the ‘deal’ being so bad for the US would make the markets tank. And add a Trump/ Meloni spat. And Iran re-closing S of H.
Not in WoV portfolio, but TSM is now a FIFTY bagger! It’s my cash cow. When I need $$ I sell some. Give the gubmint its share in capital gains.
BAP now a SIXTY bagger. It’s in retirement account so no access yet but will offload some when those wascally mandatory withdrawals start.
WoV portfolio no where near ATH however. Only up 251% as we speak.
Not in WoV portfolio, but TSM is now a FIFTY bagger! It’s my cash cow. When I need $$ I sell some. Give the gubmint its share in capital gains.
BAP now a SIXTY bagger. It’s in retirement account so no access yet but will offload some when those wascally mandatory withdrawals start.
WoV portfolio no where near ATH however. Only up 251% as we speak.
June 22nd, 2026 at 8:02:00 AM
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SpaceX is down almost 10% today as IPO fever cools.
The older I get, the better I recall things that never happened
June 24th, 2026 at 3:04:09 PM
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Quote: BigSlickQuote: SOOPOOIn WoV portfolio news, I have some fake news to report. It appears to be a new ATH intraday today. But, today’s market is a tank for TSLA, META, NVDA, and the like. After the market closes my TWCUX will crater, dragging down the portfolio. The non big stocks had a great day today. Moved more money into MMA.
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I'm "buying big time" after the past couple of days. Especially MU & AMD. Folks that don't understand technology and what those companies manufacture (with respect to AI) are about to create new millionaires <g>
AI is not only about "compute" - it's ALSO about memory. If that doesn't make sense, consider how much longer it takes to "compute" 2 + 2 when you have to find a calculator. <g> If you can do it "in memory", you'll do it faster. Right?
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Is anyone else enjoying the $MU earnings report as much as I am? $MU is up almost 1000% since this post. $AMD about 400%
Both will continue. AI is about memory. Period
If I'd known I was going to live this long, I would have moisturized more.
June 24th, 2026 at 3:28:31 PM
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Quote: billryanSpaceX is down almost 10% today as IPO fever cools.
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$SPCC (inverse ETF) is up 100% since the IPO. $SPCX was always a scam.
If I'd known I was going to live this long, I would have moisturized more.
June 25th, 2026 at 4:49:32 AM
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Quote: BigSlickQuote: BigSlickQuote: SOOPOOIn WoV portfolio news, I have some fake news to report. It appears to be a new ATH intraday today. But, today’s market is a tank for TSLA, META, NVDA, and the like. After the market closes my TWCUX will crater, dragging down the portfolio. The non big stocks had a great day today. Moved more money into MMA.
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I'm "buying big time" after the past couple of days. Especially MU & AMD. Folks that don't understand technology and what those companies manufacture (with respect to AI) are about to create new millionaires <g>
AI is not only about "compute" - it's ALSO about memory. If that doesn't make sense, consider how much longer it takes to "compute" 2 + 2 when you have to find a calculator. <g> If you can do it "in memory", you'll do it faster. Right?
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Is anyone else enjoying the $MU earnings report as much as I am? $MU is up almost 1000% since this post. $AMD about 400%
Both will continue. AI is about memory. Period
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Sadly, not me! I don’t own a single share of MU outside of ETF exposure. But that was a remarkable performance. I can only imagine how many 7 figure bonuses top and maybe middle executives got.
I think I’m going to buy a few shares of SPCX, more to easily follow it than to make real money off of it. Then when a few years down the road it’s the first 10 trillion dollar company I can regret not buying more….
WoV portfolio still dropping….. even yesterday….
June 25th, 2026 at 1:25:33 PM
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Bitcoin down to $59,500 today.
You can't know everything, but you can know anything.
June 26th, 2026 at 8:44:28 AM
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Zume was a Silicon Valley darling back in 2015. Its mission was to create a fleet of pizza delivery vans. The vans would constantly be in motion, and robots would take orders, bake the pizza, and deliver it to a doorstep.
Zume was awarded over 300 patents and, at one point, was valued at an insane $ 4 billion despite having no sales.
It was brought down by one simple thing- it couldn't keep the cheese on the pizza from sliding all over while being cooked in motion. Unable to solve this, and with market research groups panning the product, Zume switched to packaging food, only it used a byproduct that was banned in many states, including California. Despite having invested over two billion in research and development, Zume failed to find a buyer and shut down in 2023.
I was an early investor in Miso, a company that is attempting to automate fast food stations. Its main product, FLIPPY is currently used in a number of Jack in the Boxes and a few Pizza Huts, as well as operating a completely automated pop-up eatery in Northern California. Miso is now expanding, buying two Apps earlier this year and now acquiring Zume's 300 patents.
It is a long way from turning a profit, but Miso may be cornering a market segment with unlimited potential.
Or it could meet Zume's fate.
Zume was awarded over 300 patents and, at one point, was valued at an insane $ 4 billion despite having no sales.
It was brought down by one simple thing- it couldn't keep the cheese on the pizza from sliding all over while being cooked in motion. Unable to solve this, and with market research groups panning the product, Zume switched to packaging food, only it used a byproduct that was banned in many states, including California. Despite having invested over two billion in research and development, Zume failed to find a buyer and shut down in 2023.
I was an early investor in Miso, a company that is attempting to automate fast food stations. Its main product, FLIPPY is currently used in a number of Jack in the Boxes and a few Pizza Huts, as well as operating a completely automated pop-up eatery in Northern California. Miso is now expanding, buying two Apps earlier this year and now acquiring Zume's 300 patents.
It is a long way from turning a profit, but Miso may be cornering a market segment with unlimited potential.
Or it could meet Zume's fate.
Last edited by: billryan on Jun 26, 2026
The older I get, the better I recall things that never happened
June 28th, 2026 at 12:29:48 PM
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I won't be selling covered calls - I'm a conservative set in my ways investor
but I have to admit the strategy is quite interesting, tempting and potentially profitable
it's not get rich quick - good covered call traders aim for about 25% per year on their money at risk while buy and hold investors in the benchmark index average about 10% over time
the key is to own a stock that is high quality and you can also sell covered calls against the etf benchmarks SPY and QQQ
in selling covered calls you are taking advantage of gamblers who buy calls hoping to make a large profit quickly
the main risks of covered calls:
if the stock will goes well up beyond the strike price, your stock gets called away and you don't get to participate in all of the upside
in owning the stock you can lose if the stock goes way down - but that would happen to you if you were a buy and hold investor too
every time you are not called out you make either more profit than the buy and hold guy or you have less of a loss
he doesn't explain it until late in the video - but when he says you sold a call at $1.50 you actually receive $150 because you have to sell 100 shares of the stock - you also have to own 100 shares of the stock
from Investopedia:
"Selling covered calls is a classic income-generating strategy that profits from time decay and inflated premiums often driven by speculative buyers . You are effectively acting as the "house" in a casino, capitalizing on retail traders purchasing options with unrealistic expectations of massive, near-term price spikes. "
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
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I won't be selling covered calls - I'm a conservative set in my ways investor
but I have to admit the strategy is quite interesting, tempting and potentially profitable
it's not get rich quick - good covered call traders aim for about 25% per year on their money at risk while buy and hold investors in the benchmark index average about 10% over time
the key is to own a stock that is high quality and you can also sell covered calls against the etf benchmarks SPY and QQQ
in selling covered calls you are taking advantage of gamblers who buy calls hoping to make a large profit quickly
the main risks of covered calls:
if the stock will goes well up beyond the strike price, your stock gets called away and you don't get to participate in all of the upside
in owning the stock you can lose if the stock goes way down - but that would happen to you if you were a buy and hold investor too
every time you are not called out you make either more profit than the buy and hold guy or you have less of a loss
he doesn't explain it until late in the video - but when he says you sold a call at $1.50 you actually receive $150 because you have to sell 100 shares of the stock - you also have to own 100 shares of the stock
from Investopedia:
"Selling covered calls is a classic income-generating strategy that profits from time decay and inflated premiums often driven by speculative buyers . You are effectively acting as the "house" in a casino, capitalizing on retail traders purchasing options with unrealistic expectations of massive, near-term price spikes. "
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 foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 28th, 2026 at 12:36:02 PM
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I think you'd be better off investing in funds that do covered calls than doing it yourself.
Covered calls are the semi-secret sauce that allows ETFs like FEPI to provide 25% yearly income to their holders.
Covered calls are the semi-secret sauce that allows ETFs like FEPI to provide 25% yearly income to their holders.
The older I get, the better I recall things that never happened
June 28th, 2026 at 12:44:23 PM
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Quote: billryanI think you'd be better off investing in funds that do covered calls than doing it yourself.
Covered calls are the semi-secret sauce that allows ETFs like FEPI to provide 25% yearly income to their holders.
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You are fairly correct. Covered calls are not hard but they can be chicken or feathers.
All animals are equal, but some are more equal than others
June 28th, 2026 at 12:49:49 PM
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Quote: billryanI think you'd be better off investing in funds that do covered calls than doing it yourself.
Covered calls are the semi-secret sauce that allows ETFs like FEPI to provide 25% yearly income to their holders.
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Fepi shows only 2 years of returns of 18.27% and 15.51%
that is much less than the benchmark index (S&P) for the last 2 years - which got 17.72% and 24.89%
no thanks
another one Jepi (J.P. Morgan) did even worse the last 2 years - 8.11% and 12.58%
no thanks to that one too
I'll stick with buy and hold
in searching I found that most traders don't make the 25% I indicated in my OP
but if you want to have some fun and not try to set the world on fire which is what many do with a small portion of their holdings, selling covered calls looks like a pretty good deal
https://finance.yahoo.com/quote/FEPI/performance/
https://finance.yahoo.com/quote/JEPI/performance/
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the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 28th, 2026 at 1:20:13 PM
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Quote: standezQuote: lilredrooster
I'll stick with buy and hold
Gl with that when you just got badly humiliated in a war, tore up trade contracts with the whole world and are about as popular as Russia globally.
What goes on in the minds of you people I have no idea, you have such a poor grasp on basic reality.
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as Soopoo recently pointed out:
the performance of stocks is about earnings (mostly)
less about the things you mentioned
the earnings of the heavily capitalized stocks have been strong recently
the benchmark is up 11.25% ytd
I guess I was a fool not to get out - just like millions of others who bought more___________:)
it's basically irrelevant to me anyway
I've been buy and hold all of my adult life - many decades
it may crash - but historically it's solid in the long term
if it crashes I won't cry - I know it could happen -
I've already benn thru a couple of major crashes, and probably a a few mini crashes that I can't even remember
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the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 28th, 2026 at 1:31:51 PM
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You began by talking about income, and now you are comparing performance.
If you are looking for income, a $20,000 purchase of FEPI will pay you about $5,000 this year.
If you want performance, look elsewhere. FEPI isn't designed for growth.
I wish there were a stock that offered double-digit income and growth, but such stocks are elusive. JEPI is actually one of the few capable of such deeds, although I like JEPQ better.
FEPI and its family of ETFs just switched over to weekly payouts, which opens them up to a new class of institutional funds that provide weekly checks to their clients.
It is one niche in the overall market, and may not be right for you. For those of us who would rather have income than growth, it's been berry berry good to us.
If you are looking for income, a $20,000 purchase of FEPI will pay you about $5,000 this year.
If you want performance, look elsewhere. FEPI isn't designed for growth.
I wish there were a stock that offered double-digit income and growth, but such stocks are elusive. JEPI is actually one of the few capable of such deeds, although I like JEPQ better.
FEPI and its family of ETFs just switched over to weekly payouts, which opens them up to a new class of institutional funds that provide weekly checks to their clients.
It is one niche in the overall market, and may not be right for you. For those of us who would rather have income than growth, it's been berry berry good to us.
The older I get, the better I recall things that never happened
June 28th, 2026 at 1:52:05 PM
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Quote: billryanFor those of us who would rather have income than growth, it's been berry berry good to us.
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the way I've handled my need for income is to sell off a fair portion of my growth funds after a good year
and put what I've sold off into an MMA
I did that 7 or 8 years ago and because of my other monthly income combined with that I haven't even come close to using it up
but I see your point - each to his own
also, in searching I found that Fepi dividends are ordinary dividends, not qualified dividends
so they are taxed just like ordinary income
since I've held my fund for a long time I got the most favorable capital gains tax treatment
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the foolish sayings of a rich man often pass for words of wisdom by the fools around him
