Last Friday, I thought about playing the S&P for a big move again.
The S&P 500 would need to go up to 4400 by Friday (up 1.7% from current levels) or down to 4247 (down 1.8%). That’s almost 2%! That’s a big move for a week…
Today, the S&P 500 fell 1.5% to 4273. I would have been able to close that trade today for almost most of the profit. Oh well.
I still have a feeling that something is about to break. I might be able to make another Straddle tomorrow.
OK now that the market is open today, I was able to put some more of the idle cash to work. 6.5% of my idle cash was invested 50/50 in ZLB and ZLU. There is obviously still more to go. The cash pile went from 68% down to 61.5%.
Before today, my investment mix was: I’ve doubled my investments in individual stocks in the last two months in terms of dollars invested! I’ve picked up American Express $AXP and Alibaba $BABA as individual stocks in the last two months. American Express is up 5% from where I bought it. I took some of my cash and…
The original impetus for this blog was that I had a significant amount of uninvested cash in my various bank and brokerage accounts, and I wanted to push myself to become more fully invested. After selling off around half of my VanEck Wide Moat and some Russell 2000 funds, I still hadn’t done anything with…
It’s kinda funny that the S&P 500 made a new high on January 4, and hasn’t made one since. This gives market commentators another useless metric for saying how bad the market is to make it sound worse than it is. “Worst start to a year since 1939.” CNN The S&P 500 is about 14%…
In my last post, I showed the performance of the BMO covered call ETF’s compared with HYLD. To my surprise, the BMO Covered Call ETFs have done pretty poorly. All of them are money losers. What really surprised me is that I KNEW they were money losers before buying them, but I bought them anyways….
As I mentioned before, each month that comes along brings fresh opportunities to invest. My business gets paid, and most of the money can be invested. Now that we’re in August, my cash-on-hand has risen to 44.2%. That’s a 4% increase due to the new money coming in. I have to transfer it from where…
We use cookies to improve your experience on our site. By using our site, you consent to cookies.
Manage your cookie preferences below:
Essential cookies enable basic functions and are necessary for the proper function of the website.
Statistics cookies collect information anonymously. This information helps us understand how visitors use our website.
Google Analytics is a powerful tool that tracks and analyzes website traffic for informed marketing decisions.
Service URL: policies.google.com (opens in a new window)
You can find more information in our Cookie Policy and Privacy Policy.