Bragging rights?

or Register to post new content in the forum

17 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
May 16, 2009 2:31 pm
Info removed due to Ice's sound paranoia.
May 16, 2009 9:48 pm

What is your clients' exit strategy?  You're making all this money for them, what are you doing to help them spend it without running out of money, while passing along a legacy?

May 16, 2009 10:50 pm

deekay, dont even bother

May 16, 2009 11:13 pm

Gaddock, now they'll expect you to do that NEXT month, too.




May 16, 2009 11:19 pm

You have bragging rights as an options trader this month. It's a skill that alienates you from about 95% of the American retail investing public, and close to 100% in my little backwater. Great job, though, you may brag at will, IMHO.

May 17, 2009 7:46 am
YHWY:

You have bragging rights as an options trader this month. It's a skill that alienates you from about 95% of the American retail investing public, and close to 100% in my little backwater. Great job, though, you may brag at will, IMHO.

 
You're exactly right. The clients I'm getting are in that 5%. I got an endowment recently. The guy who chairs the endowment comity just moved his account. The mens club is meeting in our board room. Have a foundation that is filling out paperwork. It wont be long and I'll be implementing some significant minimums.
 
It's all good. Make them money and they will come.
May 17, 2009 7:48 am
deekay:

What is your clients' exit strategy?  You're making all this money for them, what are you doing to help them spend it without running out of money, while passing along a legacy?

 
Exactly what the investment policy statement calls for. As secondary all that is in my opinion to actually making money it is just as necessary.
May 17, 2009 7:51 am
buyandhold:

Gaddock, now they'll expect you to do that NEXT month, too.




 
Next month is already set up for the most part and Monday many will have a July chain open up. It's deja'vu all over again.
May 17, 2009 7:55 am
Ron 14:

deekay, dont even bother

 
Cmon Ron, why all the negativity? Believe it or not I have more than one dimension. My ideas may be foreign to you but it's really working well for my clients.
May 17, 2009 8:41 am

Congrats on the returns. I've been selling calls on a bank stock. Lately I've been going back to some cef who use options writing and are trading at a big discount. Volatility should be around for a while so might as well use that premium to your advantage.

May 17, 2009 11:07 am
Gaddock:
Ron 14:

deekay, dont even bother

 
Cmon Ron, why all the negativity? Believe it or not I have more than one dimension. My ideas may be foreign to you but it's really working well for my clients.
 
I am not being negative. What I am telling deekay is you and I have had this same discussion on different threads. I am one of the few who understand what you are doing. I am still under the opinion that you should set it up a different way because I believe you are cutting yourself out of personal profits. (That being said, I dont fully understand the percentages you get, if it is anything like a 1% trail like most of us get, I will send you money because that is to cheap for what you are doing!)
May 17, 2009 11:11 am

Also, Gaddock you motivated me to establish my own options account at fidelity and I have begun to sell call spreads on bank stocks and also execute some synthetic lock ins on GM. I am keeping it all to myself, LOL! They were only small orders anyways.

May 17, 2009 2:48 pm

Don't the wirehouses have bigger fish to fry than a broker bragging about successful option trades?

May 17, 2009 4:59 pm

There are no acual trades just the number of them.


You figure that's a FINRA boo boo?
May 17, 2009 6:54 pm
Gaddock:
deekay:

What is your clients' exit strategy?  You're making all this money for them, what are you doing to help them spend it without running out of money, while passing along a legacy?

 
Exactly what the investment policy statement calls for. As secondary all that is in my opinion to actually making money it is just as necessary.
 
I guess we have a different definition of "exit strategy".  You see it as, "How can I get out of this position with the greatest profit?".  I look at it as "How can I help my client get as much income as possible without the risk of running out of money while passing along the greatest net estate possible?". 
 
I guarantee Gaddock, you combine your money-making expertise with an income planning expert, you can develop a huge practice that really can add value to your clients.
May 18, 2009 6:25 pm
deekay:
I guarantee Gaddock, you combine your money-making expertise with an income planning expert, you can develop a huge practice that really can add value to your clients.
 
I would love to team up with somebody that would allow me to concentrate on what I do best.
May 18, 2009 6:28 pm

Thanks for you thoughts Ice.

 
Adjustments made. It sure would be nice to have a place where people like us could talk about trades and actual positions.