20+ year holds...RVT, RMT, RGT, GGHCX, FSTEX, FSPHX, BG, ADM, PEO. Most everything else I go in and out of. Ones I now hold...For years (and never plan to sell for the rest of my life); GDXJ, C, NUE, KO, APPL, RING, BOTZ, FICDX, QQQ, ZION, ARKQ, PHO, IBM, TRYIY, SLV, SCHW. Many of this group I have optioned before (covered calls)...Now I will just hold tight through a recession.
Comprehension is a real problem around here . I said 100k can earn you 10k per month just with high yield dividend ETFs. I also said you can return 60% selling premium. I also said if you don't return 50%, you're wasting your time. 18% LOL try 150%.
Well diversified I take it you don't need the money to live off, rather you are creating generational wealth. With the sfuff you go in and out of , what causes you to sell?
He might mean something like this. https://etfdb.com/screener/#tab=dividends&sort_by=dividend_yield&sort_direction=desc But of course, a super-high dividend yield doesn't mean the return on an investment would be anywhere near that.
It use to be about 20% of my stocks/ETFs were covered calls...Many got called away. I would then buy back (30-31 days or month/years) later. Now my covered calls are about 10%, with many being leaps and way out of the money. An example...I own 100 shares of Apple. I had an option for the $300. June 2025. I already had 100 shares get called away last month (at $230.)...I didn't want this one called away too. So I bought it back and will just hold for years. That type of stuff...
You are probably right. He doesn't seem to look too far beyond the obvious. You just have to look at how the price has moved to realize why the yield is so high. Also look at the dividend trend.
Did you find writing call more lucative than just holding the stock? It seems to me that you miss the big moves. I suppose the income over the years might offset the gains missed. Was never tempted to try. I found that covered call ETFs have trouble out performing the underlying.
Funny you ask about what is long term... I just asked that question recently on X to a young cc who keeps repeating that "long term holders don't have to bother with short term movements". As far as I'm concerned 5 years is long term and I wouldn't consider any trading investment beyond that. Real estate is another story because of its cyclical nature, so I'd go 10 years max. As for trading, I find there are variables I'm not reading in the thread that are key to my stock trading decisions (I only buy/sell stocks, no shorts no options). Some stocks are amazing for long term growth but are not interesting to trade (CTAS SPOT...) because of low volume and media attention. Others are fantastic to day trade (1--3 days swings) for the opposite reason (MSTR SMCI...) Others still are great to swing trade longer term 2-3 months (TSLA...) Based on the stock movement I will apply different rules, particularly with regards to stop losses. The shorter the trade, the sooner I'm willing to stop losses. The other parameter that affects my trading decisions is the number of shares I'm trading. The higher the cost the sooner I'm out. Sometimes multiples of 1% lead to pretty good returns. Finally there's market condition. I learned in pain that a falling market is not to trade. Do something else with your days.