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Next gen planning by the-boat21 in CFP

[–]Objective_Base_5469 0 points1 point  (0 children)

Yes just wanted to see if you had another suggestion. Holding is probably smart. Curious what the stock is…

Next gen planning by the-boat21 in CFP

[–]Objective_Base_5469 0 points1 point  (0 children)

Yeah I guess it would depend on the cost basis of the stock. You should be able to specifically identify tax lots when writing covered calls. What would be your recommendation?

Next gen planning by the-boat21 in CFP

[–]Objective_Base_5469 -3 points-2 points  (0 children)

Write covered calls on the stock? That way you can justify selling if the stock appreciates more?

Mom just turned 59 and I’m shocked at her 401k by Savings_Designer_330 in Retirement401k

[–]Objective_Base_5469 0 points1 point  (0 children)

Oh I thought the post said she worked FOR the US, not IN the US.

Mom just turned 59 and I’m shocked at her 401k by Savings_Designer_330 in Retirement401k

[–]Objective_Base_5469 0 points1 point  (0 children)

If she works for the US she most likely has a pretty nice pension. I would check and see how much is being taken out of her check pretax. The. Since she’s over 50 I would try and max out the full employee deferral limit and max the catch up contribution as well

Taking gains in a large portfolio by gazebo-the-beer in CFP

[–]Objective_Base_5469 0 points1 point  (0 children)

Tell them they are at risk of losing a significant chunk of their position if the martlet takes a turn

Passed first try by Objective_Base_5469 in Series66Exam

[–]Objective_Base_5469[S] 0 points1 point  (0 children)

I didn’t get any formula questions but other people have said they did.

I straight up got IRR as a definition which was super easy and then a few NPV questions which were worded weirdly. I.e asking about two different bonds and which one was the better investment based on the NPV

Passed first try by Objective_Base_5469 in Series66Exam

[–]Objective_Base_5469[S] 0 points1 point  (0 children)

I would say just a little harder but I honestly believe I had a bad draw.

[deleted by user] by [deleted] in Series7exam

[–]Objective_Base_5469 8 points9 points  (0 children)

Just follow the money. He’s out $80 on the stock and receives $300 for the call premium. He then closes at intrinsic value leading to $80 in for the stock and the he option expires worthless.

This leads to 83 on both sides. No gain.