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+--- Thread: Fender's final approach to retirement. (/showthread.php?tid=2008)
RE: Fender's final approach to retirement. - rnsmth - 05-06-2022
(04-30-2022, 08:11 AM)fenders53 Wrote: Good for you!!
+++++++++++
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.
RE: Fender's final approach to retirement. - rayray - 05-08-2022
(02-02-2022, 07:21 AM)ken-do-nim Wrote: Dropping like flies on this forum. Eric & I are going to be the only working stiffs pretty soonI suspect you will find another job somewhere; I think you will get bored otherwise.
ahem ahem ahem....
i can't retire anytime soon lol
fenders, have you ever considered preferreds??
https://www.quantumonline.com/
it's free but lots of good info
RE: Fender's final approach to retirement. - fenders53 - 05-08-2022
(05-08-2022, 08:21 AM)rayray Wrote:I own some preferreds and it's growing. I do it via a Nuveen ETF though. The returns are the APR equivalent of a below average month of option selling. So I will balance it out some to reduce my trade volume, which really is a bit like a fulltime job sometimes. Selling monthly options rather than mostly 1-2 weeks would help too, but the return is less and it is not as safe in a market I suspect may have some more bad months in the short-term. If it sounds like I am complaining, I do it because my returns have been excellent in this terrible market. It encourages me to keep doing what I am doing for now.(02-02-2022, 07:21 AM)ken-do-nim Wrote: Dropping like flies on this forum. Eric & I are going to be the only working stiffs pretty soon
ahem ahem ahem....
i can't retire anytime soon lol
fenders, have you ever considered preferreds??
https://www.quantumonline.com/
it's free but lots of good info