02-06-2021, 11:11 AM
(02-06-2021, 07:59 AM)ken-do-nim Wrote:It takes considerable capital to do what I do in a meaningful way. It requires $5K to even learn how to do it. This is a DGI forum and that should be significant part of your plan if you converse here often. I know the busy thread sounds like Vegas more other than it doesn't. Almost everyone here has a DGI port as well. I know all the option traders do. I am guessing "Option Trader" sounds kinda risky to you doesn't it? That's probably because 80% of option traders mostly use it for gambling purposes. I prefer to be the house. I will never get rich quick with options because I understand the game well enough. The gamblers bets have already financed my first few years of retirement cash needs and it didn't take too long. They are funding a new truck now by financing my growthy port. I'll need that to pull the future boat that is already secured through buy and hold (for 20 years!). I can be patient too. Back to the point, I diversify in every way I can. Sectors of course and a few different investing styles I am comfortable enough through experience. I never stop learning, but becoming more diverse is making this easier every year. I get the impression a lot of folks think they have this thing figured out but their sample size is mostly the longest bull market in history. It gives a false sense of security.(02-06-2021, 06:31 AM)fenders53 Wrote: My port is about half buy and hold. Conservative use of options is just another tool. A diverse set of skills is good. Once your portfolio is over halfway to goal, it's not all that much fun to watch it do nothing for 5-10 years. There is really no extended historical period when you wouldn't deal with that. A quality DGI port will lessen the pain. Market doesn't care about Divs lately but we got it right for the longterm.
I see your point; I'll probably dive into learning options some day.
I have to admit, about 6-7 years ago I had a portfolio built with the trendy stocks of the day - Tesla, Amazon, Netflix, eBay, etc. and at the time; this was before they took off like rockets, they weren't doing much, so I got bored and sold them all. Ugh, I know. Had I just stayed the course...