Bragging rights?

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May 16, 2009 6:31 pm
Info removed due to Ice's sound paranoia.
May 17, 2009 1:48 am

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 17, 2009 2:50 am

deekay, dont even bother

May 17, 2009 3:13 am

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




May 17, 2009 3:19 am

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 11:46 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 11:48 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 11:51 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 11:55 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 12:41 pm

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 3:07 pm
Gaddock:

[quote=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.[/quote]   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 3:11 pm

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 6:48 pm

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

May 17, 2009 8:59 pm

There are no acual trades just the number of them.

You figure that's a FINRA boo boo?
May 17, 2009 10:54 pm
Gaddock:

[quote=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.[/quote]   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 10:25 pm

[quote=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.[/quote]   I would love to team up with somebody that would allow me to concentrate on what I do best.
May 18, 2009 10:28 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.