Originally Posted by Brocc15 (Post 973107)

I'm under 40 hours and there's one day left in the month. Do you really think I am trying to break guarantee? And that number is higher than most in my category. I just like to get out and fly rather than sit in a crashpad all day, and honestly the extra per diem helps too. I'm not complaining though, I don't really mind so much either way, I'm just trying to understand the system better.

On another note, in a way it's good to rarely go over guarantee. I know a few people on reserve at Continental, and they are worked nearly to death. They go over guarantee, but they are miserable because they are worked so much.

Originally Posted by Stagger Lee (Post 973116)

i think Wasatch is right. snider has not invented an investment method so much as she has invented a novel method of measuring return. one that does not compare with any established method and is designed to make her method look good. she also makes the dubious claim that you can just hold your stocks until they can be sold at a gain or are called away. that seems like a bill of goods.

a good explanation of covered calls from a respected financial writer:

Just why writing options does not increase your expected return from stocks is a complicated matter. Perhaps this simple point will persuade you that there is no magic in the option game: A covered call is mathematically equivalent to a naked put. You collect a premium and in return agree to take bad stocks off people’s hands at high prices.

so the snider method will leave you in the end with a basket of bad stocks, no?

Originally Posted by Check Essential (Post 973124)

Money is better than sex?

Originally Posted by Jughead (Post 973119)

Uh, yeah, no...this is good. Yep. I'm enjoying reading all this. Not boring at all. More please.

Better than underboob for sure. Investing talk rocks the house.

Originally Posted by Check Essential (Post 973124)

Money is better than sex?

Originally Posted by DAL 88 Driver (Post 973114)

Don't forget that you're buying a certain number of shares of this stock each month (up to a predetermined max number of shares). You have cash allocated to support this position. So as the price of the stock goes down, you are dollar cost averaging and your average cost goes down as well. So let's say it takes three years before your stock's price rises enough that you can sell all your shares and close out the position at or above your average cost. And let's also say that during most of that time, you continue to earn option income. When you finally close out that position (sell all the stock), you recoup your investment in the stock and all the option premium you earned during that time is yours to keep. When it's all said and done, why is it relevant what the stock's price did while you owned it? You predetermined that you weren't going to sell it at a loss. The stock generated a cash flow yield that met your cash flow objectives. And when you finally close out the position, you have made real money, met your cash flow objective, and not lost a real penny in the process? (Disclaimer: there are no guarantees with any investment method, including this one.)

Originally Posted by Pineapple Guy (Post 973140)

88, I haven't jumped on this bandwagon yet, but I am getting closer and closer. It is likely where I'll go when I think gold/silver have topped (but we're still a long way from that, imo. :))

Anyway, do you currently have any positions "in winter"?

Originally Posted by DAL 88 Driver (Post 973143)

For all of my accounts combined, I currently have a total of 21 positions.

Originally Posted by Jughead (Post 973131)

According to my wife, yes.