06-04-2007, 05:35 PM | #11 | |
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Sadly, yes. And there are many newsletters willing to take your money if you think it's that simple. If you're serious, I'd recommend "Options as a Strategic Investment" by Larry McMilan as a starting point. Though I suspect you're being facetious and don't think it's possible. FWIW, my primary strategy is the same one Warren Buffet used when he first started. |
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06-04-2007, 05:47 PM | #12 |
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There's no way investment strategy can yield a 100%+ annual return over the long haul. I triple dog dare you to provide any reputable source to verify this can be done.
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06-04-2007, 06:06 PM | #13 |
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Not sure what you'd consider a "reputable source". But the fact of the matter is it's being done. Sure, there are a lot more losers in the game than winners, but there are winners.
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06-04-2007, 06:58 PM | #14 |
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If there are more losers than winners, then how do you think you're going to win more than average? Are you smarter than everyone else? Do you have access to more information? Luckier? Lot of smart guys with a lot of resources trying to do the same thing you are.
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06-04-2007, 07:08 PM | #15 | |
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http://members.forbes.com/forbes/2007/0604/152.html To a large degree, the article agrees with you. However, they do discuss covered calls and protective puts towards the end and how they can be used to boost your returns. The primary strategy I use is a combination of the two. Lots of people lose money in options because they attract the same type of "get rich quick" types as MLM, etc. But if you're serious about it, understand options pricing, the greeks, the Black-Scholes model, etc.; and not try to hit home runs every time at the plate, you can be successful. |
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06-04-2007, 07:29 PM | #16 | |
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These are the people that eventually lose it all and give options a bad rep. |
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06-04-2007, 07:57 PM | #17 | |
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06-04-2007, 08:07 PM | #18 | |
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Okay. Have fun with your index funds. I guess I prefer la la land as the trades I closed this morning put me up 12.5% for the June options expiration period, and there is still two weeks left. |
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06-04-2007, 08:17 PM | #19 | |
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when you went to the options seminar, did you wonder why the guy or company teaching the seminar was giving away their secrets to you for peanuts compared to what they would make sitting home employing said options strategies? |
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06-04-2007, 09:37 PM | #20 |
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We're obviously going to have to agree to disagree on this. You obviously think I'm lying about my returns ... so be it.
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