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.