๐ต๐ต๐ตNovember Passive Income Results ๐ต๐ต๐ต
Total Income: $3,993
Worst month this year: Down 81% vs October results
- Dividends $3,136
- Puts -$344
- Calls $0
- Crypto $1,194
๐๐ More details ๐๐
@FrankYanWang Already starting hedging at beginning of December and will prob keep adding to short market positions in Jan. Will slowly add to some high quality growth names that have been hard hit already
I see a few tweets of people saying they moved funds to $QYLD
Beware: $QYLD is definitely NOT a safe haven if the major indices crash
https://t.co/QPg4SHaOSw
๐ต๐ต $XYLD $QYLD $RYLD $DIVO $NUSI $SLVO WHICH IS THE BEST OPTIONS BASED ETF? ๐ต๐ต
(This is follow up to prior thread on $QYLD)
TL;DR
*** No single "best" ETF ***
- Best long term hold - $DIVO
- Best short term income - $XYLD
- Very promising - $NUSI
๐๐// THREAD //๐๐
I'm wondering how many fintwitters are still "business as usual"
I'm sticking with my strategy and its worked well thus far:
1/ Reduce put selling
2/ Hedging: Bought $ARKK puts, shorted $ARKK, bought $QID
3/ Focus on lower risk strategies, where I can pick up interest
These markets are too crazy for me. Feels like taper tantrum meets March 2020
Curious what fintwit folks are planning for next 1-3 months
My strategy ๐๐๐
๐ต๐ต๐ตNovember Passive Income Results ๐ต๐ต๐ต
Total Income: $3,993
Worst month this year: Down 81% vs October results
- Dividends $3,136
- Puts -$344
- Calls $0
- Crypto $1,194
๐๐ More details ๐๐
No crystal ball here but am familiar with the monetary cycle and stock market history.
Suspect the selling in high growth stocks likely to continue until multiples revert to around pre-COVID levels and when $NDX $SPX have completed their flush, it'll probably be the time to buy.
@FrankYanWang I don't think we are close to the bottom yet. I think we need to see what happens with major indices. I started hedging last week, and I'm waiting longer to reenter. I'm willing to give up profits to sit out the storm for a while.
Goals for December:
1/ Ramp up Crytpo income to $2500
2/ Sit on the sidelines on options income and try to minimize losses from current positions
3/ Hedge dividend and options portfolios https://t.co/Z94k0cCOoo
My moves:
1/ Reduce put selling
2/ Hedging: Bought $ARKK puts, shorted $ARKK, bought $QID
3/ Will focus on lower risk strategies, where I can pick up interest / yield... like this one I tweeted about yesterday https://t.co/cGr6FMc4Mq
These markets are too crazy for me. Feels like taper tantrum meets March 2020
Curious what fintwit folks are planning for next 1-3 months
My strategy ๐๐๐
These markets are too crazy for me. Feels like taper tantrum meets March 2020
Curious what fintwit folks are planning for next 1-3 months
My strategy ๐๐๐