Quote (obisent @ Jan 13 2021 12:56pm)
You selling options on this account?
Mostly just covered calls and cash secured puts on one stock at a time. It's more about learning than investing at this point.
My wife and I were planning on opening a joint account, contributing to it every month, and selling options to generate extra income, but I did some research into my works' 403B and the performance is phenomenal. Like, 6% minimum and 20% max YoY. Not so ridiculous that I suspect fraud, but really really good consistent returns over 20 years even through really bad years.
So we've shifted gears to just adding as much into our retirement plans as we can. They match 7%, so if we contribute 13% and get 8% returns we can comfortably retire at 65, and if they keep up this performance and we get routine 15% returns we'll be able to even earlier, not even factoring in pay raises over that period.
So this "learning account" might not even have a purpose going forward besides my own entertainment.
This post was edited by Thor123422 on Jan 13 2021 01:08pm