Many find it challenging to come up with a suitable gift idea for friends’ or relatives’ birthdays or Christmases or anniversaries and other gift-giving occasions.

One of our members solved that problem by giving a friend a subscription to Monday Morning Millionaire ($12.00). A one-hour investing session with us would also be great ($300).

To do so go to our website and tap “Sign Up”.

The recipient would benefit far more than the cost of the gift.

Call me if you want to discuss this. (705–441–4566)

On October 20, as soon as the NYSE opened at 9:30 AM, we wrote covered calls on the SPY shares we have in three portfolios, expiry date at the end of the same day. The strike price was $US 591. That earned $US 133.43 for every hundred shares for SPY. We own enough shares of SPY to be able to live comfortably on that income.

Rosi and I do this every day, Monday through Friday that is not a market holiday. In over 50 years of investing, I have found this to yield the best results.

The only way to do better is to do something illegal. Crime pays unless you get caught.

How risky is it?

Continue reading “How Rosi and I invested on November 20, 2024”

On November 1o I published a post titled Why I hate weekends!  The reason I hate weekends is because I cannot invest in the stock market.

But then, I looked around and found out that the Tadawul, the Saudi Arabian stock market is open on Sundays! Rosi and I invest in SPY which tracks the S&P 500. The Tadawul equivalent of SPY is KSA.

For KSA vs. SPY comparisons including fees, performance, dividend yield and holdings follow:

https://www.google.com/search?q=Investing+in+the+Tadawul%2C+the+Saudi+Arabia+stock+market&oq=Investing+in+the+Tadawul%2C+the+Saudi+Arabia+stock+market+&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIGCAEQRRg8MgYIAhBFGDzSAQgzNjI1ajBqNKgCALACAQ&sourceid=chrome&ie=UTF-8

Rosi and I have invested in an income property in Collingwood which we will be selling about a year from now. We will invest some of that money we receive in KSA and write (sell) covered calls and cash- secured put on it.

When we do that, we will report our results.

If any of you invest in Tadawul sooner please let us know how you make out.

Miserable old man or happy investor?

On November 12, 2024, I published a post titled Why I Hate Weekends.  The reason I hate weekends is because I cannot invest in covered calls and cash-secured puts.

However, on looking around, I found that the Saudi Arabian stock market, Tadawul, is open on Sundays.

In the next few days, I plan to find out whether Americans and Canadians can invest in Tadawul, weather it has the equivalent of SPY and weather Americans and Canadians can write covered calls and cash-secured puts in that market.

I will publish my findings when I get them.

I hope there is hope.

Call me if you want to discuss this. (705-441-4566)

First thing in the morning Rosi and I sell covered calls and cash-secured puts on the S&P 500 every day that the New York Stock Exchange is open. (Only sell and never buy derivatives.)

On November 15th we earned enough premium income that day to exceed what I earned in a week when I was practising dentistry. It took about five minutes to do so.

For details, see below.

Call me if you want to discuss this. (705-441-4566)

On November 14th, as usual every day that the New York stocker changes open, Rosi and I sold covered calls on SPY. (Only sell and never buy derivatives.)

For details, see below.

On October 13, as soon as the market opened at 9:30 AM, I wrote covered calls on the SPY shares I have in three portfolios, expiry date the end of the same day. The strike price was $US 597. That earned $US 93.61 for every hundred shares for SPY.

Rosi and I do this every day, Monday through Friday and we live on that income. In over 50 years of investing, I have found this to yield the best results.

How risky is it?

I want to emphasize the importance of women being involved in investment decisions.

Every day that is not a market holiday, when the market opens at 9:30 AM, Rosi and I sell (only sell and never buy) covered calls or cash-secured puts on SPY in our portfolios. On November 11, we earned $116.27 US per contract.

Given the number of board lots of SPY in our portfolios, we can live comfortably on the income.

Here is what we did on November 11. It took about five minutes.

Chrystia Freeland is Canada’s minister of finance, which also is the equivalent of the United States vice president. Below, you can see the letter I wrote to her recently. Her response was positive, and hopefully, Canadian investors will be allowed to write cash-covered puts in their tax-advantaged portfolios as Americans can.

You can see my letter below.

Call me if you want to discuss this. (705-441-4566)