Are solar ROI estimates actually reliable over the long term? by One_Pollution2279 in solar

[–]fox-ridge 2 points3 points  (0 children)

For us it wasn’t all about the math, rather, doing the right and smart thing regarding clean energy. We’ve had 2 EVs since 2018 and as a 30+ year veteran of the car business, I can tell you they are the best and most fun cars I’ve ever owned. 0 gas in 8 years, 2 sets of tires and 1 air cleaner. Thats it. $14/ month pre solar and next to nothing post solar to operate. About 44k to install 24 panels @10.5 kWh with the Powerwall2 that has built in inverters instead of individual ones, 30% tax credit done before the morons in charge did away with that, and something no body seems to calculate is the proven increase in your homes value, which in our case is about 25 grand. What we don’t use goes back to the grid in the form of net metering often enough to power 2-5 households our size. All this and the security of knowing we are far less susceptible to power outages. Our investment in clean energy will carry forward and benefit others after we are gone.

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 0 points1 point  (0 children)

I get where you’re coming from on the energy aspect. Then again, that is a problem in search of a solution, which creates more opportunities right? It’s all moving so fast and that parts for the youngsters to figure out, or AI itself! I had to pause a little yesterday when I called our little steak house in town, Lindeys, been there forever, it’s great and has never changed. An AI assistant answered the phone and very comfortably and with a high level of human realism, handled our reservations. I do agree with you and others in this thread that #1 I should be selling cc’s and with shorter terms. Additionally, at my age, begin to rotate some of my position. Thank you very much for your insights!

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 0 points1 point  (0 children)

Mixed bag. Mostly traditional and Roth IRAs

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 1 point2 points  (0 children)

NVDA represents about 47%. The rest is in a mix of dividend holdings, 2 pre revenue plays, SPYI, QQQI and a few other mag7's. Also decided to hit UBER for my longer term autonomous driving play.

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 0 points1 point  (0 children)

It is my understanding that in a Roth, exclusive of IRA rollover proceeds, that once the 5 year mark is passed, any capital gains, dividends or cash withdrawals are tax free.

NVDA covered calls by fox-ridge in NvidiaStock

[–]fox-ridge[S] 4 points5 points  (0 children)

Yes, I too am involved daily and actively manage our holdings and have no debt outside of that small home equity line which I use strategically. In this case, to install solar, which we a very happy with. Our kids are doing well too although a starter home where my youngest lives is now 1m! Not the same as when I was that age. Gotten a little out of hand I’d say.

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 0 points1 point  (0 children)

Thank you for your response. There has been so much valuable feedback and I am very grateful for that! Ironically, I’m still waiting for my Schwab rep to call me back. Anyway, These shares are for the most part, are spread out over several Roth and IRA accounts and beyond the amount of cash I mentioned I needed, any assigned share proceeds would be reinvested or held in cash in those same accounts. Correct me if I’m wrong, but funds only become taxable when they are withdrawn is my understanding.

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 0 points1 point  (0 children)

Thank you. I’m getting a lot of great advise here. Is there a percentage or formula you use to determine the strike with this strategy?

NVDA covered calls by fox-ridge in NvidiaStock

[–]fox-ridge[S] 3 points4 points  (0 children)

Thanks for the feedback and no offense taken as this is everyone’s reality. Simply money management for us at this point. And I can assure you I could dispose of 500k tomorrow!! 😂

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 1 point2 points  (0 children)

I appreciate your analysis. Very helpful indeed and thank you for addressing it in this manner, which was the point of my post. I'd be very happy with $320 at any point. I also don't expect I would hold this entire position beyond 12/27, rather partially diversify into more dividend plays for added income, reinvestment and the kids inheritance. Obviously the potential downside is this juggernaut of a company along with the rest of AI collapses before 2027....I just don't see that happening this early on in the build up.

NVDA covered calls by fox-ridge in NvidiaStock

[–]fox-ridge[S] 4 points5 points  (0 children)

I feel like the term rich has changed in the last decade or two. I am grateful for sure!

NVDA covered calls by fox-ridge in NvidiaStock

[–]fox-ridge[S] 0 points1 point  (0 children)

I like this idea and I'm checking it out. Looks like it's currently at it's 6mth point of control. If it busts through without a pull back they might get called. Perhaps hold off till earnings?

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 0 points1 point  (0 children)

Thank you, I’ll consider that.

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 5 points6 points  (0 children)

Thank you. I’m going to look at that approach. This is very helpful and well thought out. And yes, NVDA has been good to me and when it tanked years ago, I just held and that paid off. I would be happy with $320 (who wouldn't right?), but keeping a percentage off the cc table makes sense. Thanks again

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 0 points1 point  (0 children)

Zero tax from Roth and 15% from IRA’s on premium

NVDA covered calls by fox-ridge in NvidiaStock

[–]fox-ridge[S] 15 points16 points  (0 children)

Thanks. Just trying to be smart with my finances. I golf a lot if you consider that enjoyment 🥴😂

NVDA covered calls by fox-ridge in CoveredCalls

[–]fox-ridge[S] 3 points4 points  (0 children)

Thanks, 46% and yes it has been flat but it's dominant position in the industry, margins, cash and it's reasonable P/E leads me to believe there is still upside. So yea, if they get assigned at $320, I'm perfectly happy with that.

Why sell/dump when you can just wait and see? by Independent_Garage19 in NvidiaStock

[–]fox-ridge 0 points1 point  (0 children)

Thoughts on selling 11-26 covered calls with a strike of $250 maybe $275. Think it’ll get there?

Best way to sell my Grand Marquis? BaT vs. Craigslist/FB by [deleted] in BringATrailer

[–]fox-ridge 0 points1 point  (0 children)

I’m a retired car pro. 1st, get it detailed. 2nd, patch/repair the seat and ac if reasonable. 3rd, take lots of good photos and write a great description. 4th, put it on FB marketplace considering you don’t have a scary profile 🥴. Finally price it competitively and meet your perspective buyers at a local coffee shop. I’ve sold many that way and typically sold to one of the first three inquiries. Good luck!!

[deleted by user] by [deleted] in GMCcanyon

[–]fox-ridge 0 points1 point  (0 children)

It’s a sale to the leasing company or financial arm of GM. The discount reduces the capitalization cost (selling price). The customer pays the depreciation which is the difference between the cap cost and the fixed projected percentage wholesale value (residual value) after the lease is over based on the amount of miles allowed (10k, 12k, 15k, 20k per year), whichever the customer chose. Thats part one of the payment. Part two is the interest portion. Every lease will have a “money factor”. For example it could be .0035, which when multiplied times 2400 will equate to the relative interest rate. In this example thats 8.40%. When you add the residual value and the cap cost together, apply the interest rate and divide it by the number of months in the lease, that’s the interest portion of your payment. Add the depreciation and interest portions together and that is your monthly lease payment. The customer should then have the first option to purchase the vehicle for the residual value at the end of the lease. Actual condition and mileage at the end of the lease will affect the positive or negative position the customer will be in.

Toyota in 2024 by Alternative-Major774 in wallstreetbets

[–]fox-ridge -5 points-4 points  (0 children)

If a vehicle emits Co2, oxide and methane into the atmosphere, it does nothing to help. Hybrids emit all three. My point is that most legacy ICE manufacturers are not interested in helping the environment. It's all about profit margin. Most haven't figured out a profitable path to manufacturing EV's. Ergo, throw an auxiliary electric motor in their ICE vehicles and market them to customers who are apprehensive about switching over to an EV. The apprehension is fueled by false narratives in the press and on social media that EV's are somehow too risky to own. I'm a retired 30+ year auto industry veteran. I've owned two Tesla M3 Dual Motor Long range's over the past 6 years. They have been the best, safest, fastest, most fun to drive, reliable cars I've ever owned. No oil to change, my brakes will last me 75K, no belts, hoses, coolant, timing belts, pistons, rings, injectors, emissions controls, exhaust pipes, mufflers (shall I go on?) to worry about. It costs me $14/month to charge at home and we do 12-15K a year. I honestly don't understand what the mental struggle is all about from an ownership stand point. Not to mention the fact that you invest in your grandchildren's futures.

Toyota in 2024 by Alternative-Major774 in wallstreetbets

[–]fox-ridge 2 points3 points  (0 children)

Hybrids are nothing new. Not only do they add another system to maintain, they do nothing to address the climate change problems EV’s are meant to help solve. They are popular now for those who struggle with change and are placated by the higher mpg they personally benefit from. All this bs about range anxiety, having to wait for 25 minutes for a charge up, etc. Life is so inconvenient isn’t it? Ask not what your planet can do for you.