Thread Rating:

billryan
billryan 
  • Threads: 301
  • Posts: 20990
Joined: Nov 2, 2009
July 1st, 2026 at 2:05:37 PM permalink
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.
The older I get, the better I recall things that never happened
AZDuffman
AZDuffman 
  • Threads: 244
  • Posts: 15084
Joined: Nov 2, 2009
July 1st, 2026 at 4:26:39 PM permalink
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.
All animals are equal, but some are more equal than others
DRich
DRich
  • Threads: 93
  • Posts: 14780
Joined: Jul 6, 2012
July 1st, 2026 at 5:26:28 PM permalink
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.
You can't know everything, but you can know anything.
billryan
billryan 
  • Threads: 301
  • Posts: 20990
Joined: Nov 2, 2009
July 1st, 2026 at 7:36:28 PM permalink
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.
The older I get, the better I recall things that never happened
GrahamThorp
GrahamThorp
  • Threads: 0
  • Posts: 31
Joined: Jun 2, 2026
July 2nd, 2026 at 2:26:37 AM permalink
Quote: lilredrooster

.


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.
lilredrooster
lilredrooster
  • Threads: 244
  • Posts: 7963
Joined: May 8, 2015
July 2nd, 2026 at 4:17:25 AM permalink
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

.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
billryan
billryan 
  • Threads: 301
  • Posts: 20990
Joined: Nov 2, 2009
July 2nd, 2026 at 6:05:48 AM permalink
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.
The older I get, the better I recall things that never happened
lilredrooster
lilredrooster
  • Threads: 244
  • Posts: 7963
Joined: May 8, 2015
July 2nd, 2026 at 6:28:27 AM permalink
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.
link to original post


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"
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
billryan
billryan 
  • Threads: 301
  • Posts: 20990
Joined: Nov 2, 2009
July 2nd, 2026 at 6:41:55 AM permalink
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.
The older I get, the better I recall things that never happened
lilredrooster
lilredrooster
  • Threads: 244
  • Posts: 7963
Joined: May 8, 2015
July 2nd, 2026 at 6:59:03 AM permalink
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

.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
  • Jump to: