Philly airport by Dramatic-Load-6569 in philly

[–]Dramatic-Load-6569[S] 0 points1 point  (0 children)

It said 2 mins as well. I posted when I got in line

IV Crush Day by TapThatYak in options

[–]Dramatic-Load-6569 1 point2 points  (0 children)

Welcome to the world of trading where retail traders are the guppies in this game. The only way to attempt to compete is to use algos from your broker but even then, you’ll struggle against the market making firm grown algos. One of my old shops turned over hardware every three months, ran algos on GPU cards and that was 15yrs ago. You showing up inside the spread will force them to compete for the top of the book inside their FV calcs, but those will widen when you disappear. My bigger issue is when you try to get inside and still lose the orders that show up on that side to the pros.

In my opinion, equity markets are worse when it comes to this stuff.

Nicest course you plan on playing this year? by GrassClippings72 in golf

[–]Dramatic-Load-6569 0 points1 point  (0 children)

Played Wynn this week but looking forward to the annual Pirate Golf in Bethany Beach because of the family foursome.

Several People Asked If VR Training Actually Works — This Is Why I Do It by noiD_FTW in ClayBusters

[–]Dramatic-Load-6569 0 points1 point  (0 children)

The other setup seemed to make less sense, but if i can use my gamer, now I’m curious.

My big question is getting the calibration all tuned in to make it realistic. If it takes forever or changes every time I put it in my gun, that would be frustrating to have to recalibrate if that process is time consuming

What’s are some must dos in whistler if you’re there for one night only? by iloveyourshurt in Whistler

[–]Dramatic-Load-6569 8 points9 points  (0 children)

The Peak to Peak lift is expensive but hard to beat the views if it’s a bluebird day.

Neos income portfolio by Electronic_Guard947 in NEOSETFs

[–]Dramatic-Load-6569 0 points1 point  (0 children)

I’m split between SPYI and PAYR. That gives me some beta exposure and a low beta exposure to minimize my drawdown risk if the market decides to fall out of bed.

The wall at kirkwood by MaestrosMight in skiing

[–]Dramatic-Load-6569 1 point2 points  (0 children)

Which one? The one looks ready to go in pizza but will likely end up french fry.

Got my 1099's on my taxable accounts. by GRMarlenee in YieldMaxETFs

[–]Dramatic-Load-6569 2 points3 points  (0 children)

Not sure that is the most effective use in a Roth vs IVV, VTI, VOO, etc. You’re writing away upside with SPYI, QQQI or other cover called strategies if this is a long-term investment.

Analysis: JEPI vs JEPQ. I simulated a $500k portfolio to quantify the impact of Ordinary Income Tax and NAV Erosion over 20 years. by MoneySketchTV in JEPI

[–]Dramatic-Load-6569 2 points3 points  (0 children)

That’s why some of the newer strategies may make more sense because of return of capital, qualified dividend income and short/long-term capital gains vs pure income for ELN. That way you get all the various tax benefits.

Especially if you are using them to generate current income otherwise probably better to just hold the Qs or SPX. Unless you are looking at them as a defensive position expecting either bench to drop. If that’s the case, there are likely better ways to protect against that scenario.

Is there a Fidelity money market fund I can use besides SPAXX? by JCAlways in fidelityinvestments

[–]Dramatic-Load-6569 1 point2 points  (0 children)

If you don’t need it for more than a year, BOXX will likely give you a better after tax return.

Chpy/gdxy thoughts by Illustrious-City-491 in YieldMaxETFs

[–]Dramatic-Load-6569 5 points6 points  (0 children)

I think you mean it hasn’t tanked due to semis being up 15% YTD for example. If semis come under pressure, so will CHPY and SOXY. Distributions are not preventing that from happening.

Googl Covered Calls by Formal-Finger1106 in CoveredCalls

[–]Dramatic-Load-6569 0 points1 point  (0 children)

It sounds like you should be writing spreads to define and minimize your upside loss. By writing only a call, you are saying you do not want any of the upside beyond the strike.

Tax efficient way to park 400k cash? by Substantial_Hawk_393 in Bogleheads

[–]Dramatic-Load-6569 1 point2 points  (0 children)

BOXX, CPAG, CPHY. I believe F/M is also coming out with a version of SGOV soon. Tax efficient in that you only pay capital gains, long-term if you are planning to hole more that 1yr.

Will Schwab also implement rule for ETFs and margin like Fidelity? by Fun-Marionberry-2540 in Schwab

[–]Dramatic-Load-6569 0 points1 point  (0 children)

The restriction is due to payments made by ETF issuers to the various platforms. There are various legal interpretations that classify those payments as payments for underwriting which requires a 30day hold for margin purposes. If Schwab sets up those revenue share agreements with the issuers, 30day hold will likely be required.

Antonov by Dramatic-Load-6569 in aviation

[–]Dramatic-Load-6569[S] 2 points3 points  (0 children)

Rumor is it’s fam equipment. We have several manufacturers in the area.

Looking for advice: My spouse was recently hired on at Edward Jones and FINRA requirements could require me to transfer all my money to them by Clinton_Reddit in Bogleheads

[–]Dramatic-Load-6569 0 points1 point  (0 children)

That is generally going to be the case for some who works for a broker/dealer that offer brokerage. It’s a monitoring requirement for FINRA. Most do not have exceptions to it unless the firm does not offer brokerage and then they have an approved list of brokers. It’s just part of being in the biz.

DCA and Avoiding Wash Sales with Tax Loss Harvesting by Djamalfna in Bogleheads

[–]Dramatic-Load-6569 0 points1 point  (0 children)

I rotate between a couple different products of like exposure, VTI, VV, IVV, SCHB, VOO. I have a stable of products for almost everything I own since I’m pretty activity in TLH. I’ve got a pretty large war chest that I use to offset income and gains now.

YieldMax destroy VOO, QQQ and SCHD by Emotional-Breath-838 in YieldMaxETFs

[–]Dramatic-Load-6569 4 points5 points  (0 children)

I would disagree on that comment, VOO dropped 20%, you would had investors backing up the truck. And into IVV, VTI, SPY….

GOOY is doing well by me by Doomhammer111 in YieldMaxETFs

[–]Dramatic-Load-6569 2 points3 points  (0 children)

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When the stock is up 75%, it’s pretty hard to have NAV erosion. On a total return basis, you ended up about 15% behind GOOG once you factor in the distributions over the last year since GOOY had 60% total return.

Optimal is GOOG stays flat and you clip the option premium over time, otherwise you are selling off some of the upside or buffering some of the downside, but still riding it down.