One of our members is Timothy A. Brown, CEO of ROI Corp. It is Canada’s oldest and largest professional practice appraisal and sales company, imitated by all the others. In 2021, Timothy released the 7th revised edition of his book Profitable Practice – Why a Dental Practice is an Exceptional Investment.
Timothy has also published a Veterinary and Optometry edition of the book. If you know a Dentist, Veterinarian or Optometrist, feel free to order a free copy and gift it. To arrange delivery of your free book click here: https://roicorp.com/store/
It is an excellent way for you and other recipients of this book to start the new year.
Now, about our fearless, intrepid investor.
In 2021 she took a real beating writing (selling) covered calls on NVAX. She lost $65,700. The risk of writing covered calls entirely arises from the underlying security. Most experienced investors sell derivatives but they do so using a safe underlying security. For example, SPY, or any exchange-traded fund which tracks the S&P 500 is good.
The one thing she did correctly is to do her writing in her “fun” portfolio. Like most departures from the six habits, it has not been a lot of fun, but it makes up a small percentage of her overall assets.
What did she do yesterday?
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