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02-01-2022, 07:58 PM
(This post was last modified: 02-01-2022, 08:03 PM by fenders53.)
Time for an update. I put in my notice at HD. Three years flew by fast. Can't say I will never work again but my back/hips will not allow me to do much of the physical part of my job. It's not fair to my co-workers who have to pick up my slack so I'll find a new way to make a few side bucks. Don't really want to dwell on this.
For those who know me here, my port was far from a retiree port. I'm not ready to make it boring, but it required WAY too much daily attention as Crimsonghost warned. The "young man" gave me good advice. It's easier now. I can't track 30 open option trades and relax. If I want to play stock market and make small trades I can, but it's mor optional now. It took many months longer than I thought to transition to something I can ignore for a week or two if I want to just go fishing for a week. It's not perfect but it is approaching the plan I laid out early in this thread. I will share tickers if there is any interest in giving me feedback.
I now own more than one lot of all the index funds I consider must owns. 100 share lots of the indexes are a lot of money so it is hard to balance perfectly but I'll get there.
QQQ-SPY-IWM In that order so I have the US market covered to my satisfaction. I suppose 30% of my total port is the eventual target.
I own about 20 tickers and they are fairly diversified. The index ETFs diversify me anyway so I can lean how I wish the economic cycle turns. Tickers available on request lol.
I have enough cash to play my put selling game and earn monthly income. When I get exercised I sell covered calls, rinse and repeat. Again, trying to lean the port slightly with the economic winds and not chase junk I won't feel uncomfortable holding. My port is 98% trash free at this time.
I am getting close to where I wish to be.
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Last scheduled day is end of next week. Then a weeks vacation. The next electronic schedule is posted and I noticed I am down for requested time off and still an employee. I have a feeling the store manager is not allowing me to quit just yet lol. He'll probably ask me to work in the cash vault or something where minutes would seem like hours. I am just done with the retail grind. I actually enjoyed it before corporate cut staff too far. I have a few paid projects lined up where I can show up or not if my back says not today.
If volatility returns I can sell options. Easy to close them a few days or a week later, rinse and repeat. If the market just flies in one direction I cut way back on options. I have to train myself to not force myself to be tied to the market 4-6 weeks out. There are many ways to do that. I've just gotten used to my way. I've done it long enough and know how to minimize the chances of trouble. None of this gets me bill money until end of April without penalty.
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Last scheduled day is end of next week.
Congratulations!!!
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02-02-2022, 05:55 PM
(This post was last modified: 02-02-2022, 06:50 PM by fenders53.)
Here are the top holdings.
ETFs QQQ-SPY-IWM
Top ten stocks
JNJ
BMY
WEC
EOG
XEL
TXRH
RTX
GOOGL
VSTO
FB
There are a few I would adjust but I will probably wait for covered calls to hit eventually. JNJ is certainly not my favorite stock at these price levels. FB probably falls off the list tomorrow if I don't add much. ENPH may overtake it.
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I haven't updated this for awhile....
Had my 59 1/2 birthday last weekend. I can now withdraw from IRAs penalty free. I will do so this week. I hate to touch the accounts but pension checks are still six months away.
What a scary market time to retire! My timing has always been mediocre. Out of self preservation I lightened up on equites months ago on every brief market run that brought my stocks up. I sell a LOT of puts with strikes WAY out of the money most of the time. That has been very effective so far. Sure beats getting crushed like I would have holding all my stocks through this beat down.
I hate staring at a computer monitor so much, but it pays 5X my HD pay so this is my life for a few more months. I opened 167 option contract sales in March. It workedout wonderful with the volatility but it was work. I can make it less complicated when I choose to, and spring is coming soon so I can play outside.
