We should do an end of year thread. I believe it's a good idea to assess your performance honestly against the SPX since that can be done with zero effort. And against your goals. My goals are modest as I need a 4% return to meet my retirement fund goal four years from almost exactly one year ago. Last year when I took full control of my GOV and Roth IRA accounts. The goal was to avoid losing money because you shouldn't have to go too wild to get 4% total return. (Lately I am about 50% cash and very short bonds). Anyway, your goal matters when analyzing your personal performance
-since July 29th I am down about 3%.
-Last 12 months (or very close to 365 days) SPX is down about 2%, I am up 3%
I'm calling that a win. Missed my 4% goal but it could be worse. This is 1000% due to the fact I have collected so much income selling puts and calls this year. I purchased some real turkey yield trap stocks right before steep drops. I've done that repeatedly this year I've had covered calls sold against every one of my positions for months. Some of them were in the money so I missed some of the pain. I need to be more patient next time because I was deep in the money on several positions, only a few weeks ago.
It's about time to go shopping with some of this cash.
-since July 29th I am down about 3%.
-Last 12 months (or very close to 365 days) SPX is down about 2%, I am up 3%
I'm calling that a win. Missed my 4% goal but it could be worse. This is 1000% due to the fact I have collected so much income selling puts and calls this year. I purchased some real turkey yield trap stocks right before steep drops. I've done that repeatedly this year I've had covered calls sold against every one of my positions for months. Some of them were in the money so I missed some of the pain. I need to be more patient next time because I was deep in the money on several positions, only a few weeks ago.
It's about time to go shopping with some of this cash.