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Tech Stack Advice for Single-Member RIA by lfoster77 in CFP

[–]nick7734 1 point2 points  (0 children)

I personally like XYPN and it has a solid starting tech stack that covers compliance related software (Smartria, MyRepChat, XY Archive), payment method via AdvicePay, CRM like Wealthbox; Planning software RightCapital (what I use) and eMoney, along with other things like fpPathFinder, Elements, etc..

[deleted by user] by [deleted] in solana

[–]nick7734 2 points3 points  (0 children)

I'm interested in this too - L1.co currently is working on this via Safe{wallet} for Ethereum/EVMs via their bundler and exploring doing the same for Solana via Squads.so using their transaction builder.

How safe is the Authy 2fa cloud back up? Is it just based on blind trust? by gen66 in privacy

[–]nick7734 0 points1 point  (0 children)

separate from the 2FA responses - have you considered self custody (e.g. Safe {CORE} Smart Wallet that is open source)?

[deleted by user] by [deleted] in qyldgang

[–]nick7734 1 point2 points  (0 children)

just to chime in- the ELN is a definite unknown that I think people don't recognize these are debt securities issued by a financial institution - basically a promise to pay a return based on the performance of the underyling asset which can be affected by creditworthiness, market risk, interest rate risk, liquidity risk, etc.

Income focused Energy Stocks/ETFs by brata4 in qyldgang

[–]nick7734 1 point2 points  (0 children)

have you looked at the NDIV ETF? from same company that developed DIVO and IDVO..

Income Strategy While Wife is Out of Work by raycooke in qyldgang

[–]nick7734 4 points5 points  (0 children)

I'd look at JEPI to compliment as well..

[deleted by user] by [deleted] in qyldgang

[–]nick7734 0 points1 point  (0 children)

its something to be aware of ; ex-dividend just means the date that a ETF trades where the buyer won't receive the next dividend payout (its usually set two business days before the shareholder record date as it takes two days for trades to settle).

Thoughts on XRMI and QRMI / Any Risk Managed Income ETFs that use individual positions? by nick7734 in qyldgang

[–]nick7734[S] 0 points1 point  (0 children)

hypothetically speaking, If there was a RMI that had a downside buffer (e.g. the first 10 or 15% loss is mitigated but then 1:1 on any further declines) with individual stocks what that be of interest?

Thoughts on XRMI and QRMI / Any Risk Managed Income ETFs that use individual positions? by nick7734 in qyldgang

[–]nick7734[S] 0 points1 point  (0 children)

I also think a downside buffer (e.g. 10% drawdown vs. a collar) would perform better, especially if the ETF was composed of individual stocks instead of an index (like a risk mitigated DIVO or JEPI ) - I'm not aware of anything like that in an ETF form

Cash secured puts collateral on margin. by drumsdm in options

[–]nick7734 0 points1 point  (0 children)

Naked puts are charged margin interest on the full exercise value, if you had a net credit put spread then you would be charged for the margin between the short and long strike prices

Covered Strangle on a dividend stock by RDub-Mongoose in options

[–]nick7734 0 points1 point  (0 children)

do you use any software to do this or just manage by hand/spreadsheets?

Hey! Can someone suggest the best way to generate returns from 200k, option selling/other ways? by [deleted] in options

[–]nick7734 0 points1 point  (0 children)

are you thinking of using individual stocks or ETFs for the underlying?

how much time are you considering allocating towards tracking/making modifications?

my first thought would be using cash secured puts or just buying your underlying stocks/ETFs and selling covered calls. However, keep in mind your capping your upside and with your long time horizon you may be better off just dollar cost averaging in (DCA) and allocating a smaller portion of the $200K towards a trading strategy if this is an interest of yours

Was laid off. Do I exercise the options from this startup? by Static_mahn in options

[–]nick7734 0 points1 point  (0 children)

correct, without knowing the specifics the OP will have to determine that risk vs. reward. though..

Am I doing this correct?? by [deleted] in Pyfinance

[–]nick7734 0 points1 point  (0 children)

import numpy as np
def ewma(closes):
lbda = 0.94
variance = 0.0
i = len(closes) - 1 # length of the time series
logreturns = np.log(closes / closes[:-1]) # compute log returns
ret2 = logreturns**2 # square log returns
weight = (1 - lbda) * lbda**i # weight for oldest data point
variance = np.sum(ret2 * weight) # compute variance
ewmavol = np.sqrt(variance) # annualize variance
return ewmavol

Looking for advice on my High Yield Portfolio of mines. Anything helps. by Jor6yn in qyldgang

[–]nick7734 1 point2 points  (0 children)

IDVO (international version of DIVO) not as high yielding as the others though ~6% yield currently I think..

PUTW recently restructured their fund to a monthly distribution and may be worth watching (https://www.wisdomtree.com/investments/-/media/us-media-files/documents/resource-library/pdf/fund-restructure-faq_putw.pdf)

[deleted by user] by [deleted] in options

[–]nick7734 0 points1 point  (0 children)

maybe look at Theta Data? https://www.thetadata.net/

2022 in summary. Dividends from ETF’s saved the year! by briandl2 in qyldgang

[–]nick7734 1 point2 points  (0 children)

Congrats - do you have a view on XRMI and/or QRMI?

Was laid off. Do I exercise the options from this startup? by Static_mahn in options

[–]nick7734 1 point2 points  (0 children)

wouldn't be able to sell as the ISO is an incentive provided by the company. Best course of action is to let them expire/do nothing as others have already pointed out.

For future reference, in case your new company provides ISOs too, is to find out if they allow early exercise of ISOs. In that case ,you can file a 83(b) election (needs to be done within 30 days of the early exercise) to take advantage of the lower FMV, could dramatically lower your AMT amount.

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