2StgTurbine

I just invest in stocks, mutual funds, and bonds. Ended the year with a 27% return. I only invest in stocks in industries I'm knowledgeable about. I also got lucky and timed the market pretty well and sold everything off right before Omicron.

crewdawg

Stopped because I came to the realization that I really was playing with fire for lack of fully understanding it all. May reattack down the road.



Swore after the 2008 crash, I'd have a big pile o' cash for another big downturn. Up bigtime on NVDA, and up pretty good on CVX, MPC, JPM and DAL (hard to pass at $19)....that's all just funny money and it's easy to look good after this last year lol. May set aside some of my winnings and gamble on some crypto stuff, though not necessarily the crypto itself.



Maintained the status quo on real estate properties. Looking to do some hard money lending. May get more serious about properties if people stop paying stupid prices for real estate. Question, for tax purposes, do you consider yourself a real estate professional? Opens up lots of tax opportunities and probably wouldn't be hard to justify depending on how your view our hours worked per year.

Also, looking to branch out into a few entrepreneurial ventures this year and see where they go. Figure I might as well put my off time to good use lol.

sailingfun

Basically your disability will only be reduced if your other income exceeds your disability income.

Earned Income: If your income earned from other employment exceeds your LTD benefit amount, then your benefit will be reduced dollar for dollar based on the amount by which your income from employment exceeds your calculated disability benefit amount.

It is necessary that you report your income from other employment as specified on the attached Periodic and Annual forms. The Periodic Report of Disability Offset income form should be submitted if you are approved for LTD benefits and at any time thereafter when there is a change to your Earned Income. The Annual form must be submitted along with any applicable supporting documentation of your earnings by May 15th of the current calendar year. Both forms should be submitted, even if your earned income from other employment is zero.

Your total earned income amount generally includes all income subject to Federal employment taxes or self-employment income. It is reported on any W-2 statement issued by your employer or Schedule SE if you are self-employed.

Earned Income excludes any income, unless received in the course of your trade or business, reported on a Form 1099, such as annuities, pensions, Veterans benefits, and military retired pay, withdrawals from 401(k) plans, Social Security Disability Insurance payments, unemployment compensation, interest and dividends from savings accounts, stocks, personal loans, or home mortgages, insurance proceeds, gifts, inheritances, estates, trusts, endowments, prizes, awards, gambling or lottery winnings, alimony/child support, scholarships or fellowships, pay for jury duty, capital gains from the sale of personal property, amounts received in court actions, and rents or royalties.

DenVa

Winning the options game is easy. It’s just most people that lose try to get fancy with condors, eagles, red breasted swallows, or LEAPS on Chinese companies.

Sell puts and covered calls on stocks with low volatility with about two to three months of time left. Get put… sell a covered call while collecting dividends. Get called away…buy more stock and repeat while collecting dividends. Or just roll the positions in both scenarios.

mispoken

You’re not wrong! Although, I would say I look for HIGH implied volatility RANK. The higher the IVR the better the premiums. Otherwise, I am on a similar options trading plan!

For 2021, on options alone I gave back about 25% of my 2020 options gains. This was due to high greed factor in 2020 and buying calls out into 2021. Some did well, but most didn’t and I ended up giving back part of my 2020 options gains. Overall the entire “premium buying” gamble worked well and paid for a lot of stuff for me. However, I won’t be repeating it as it was nothing more than good timing and luck. I may buy some longer term calls on higher conviction stocks to supplement core positions, but nothing more. Going forward I will be almost exclusively selling premium 45 days out on high IVR tickers, evaluating the position at 21 days and closing or adjusting at that point (tastytrade method).

Options are a small fraction of my overall PF. For my investment PF I will post performance on the other investing thread where Trip and I are posting those details.

flyinaggie

or just buy RYLD and get a 12% yield on rolling one month at-the-money covered call strategy without the hassle and commissions of selling calls yourself… 🤷🏻‍♂️

mispoken

That’s interesting, I didn’t know this existed! Although it does come with a 0.6% expense ratio. Some work on cars or fly planes as a hobby. My hobby is options, so this won’t scratch that itch for me, but I may add it to the arsenal!

flyinaggie

I believe there’s 3 covered call ETFs, but I like the Russell 2000 one (RYLD). Time premium is higher with more volatility, so might as well go with the more small-cap weighted one to max out that time premium. This thing has been just printing money since I’ve been in it.

mispoken

There are no contracts available for this ticker. Is this just an ETF that does the covered call writing and rolling for you producing the 12% yield?

flyinaggie

exactly. The AUM consists of a Russell 2000 index, and then they sell at the money covered calls on the underlying assets. If you check the monthly “dividend” distributions, they correspond to the monthly option contract expirations. Value is fairly stable (excepting the chaos of early 2020).