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Post by ferris1248 on Jan 7, 2024 13:01:13 GMT -5
ZEGA High Probability Options Strategy - Conservative.
Yields the past 5 years have been 9.40%, 6.60%, 14.05%, 8.24% and 11.83%.
I haven't pulled the trigger yet but considering it.
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Post by madm002 on Jan 10, 2024 14:18:01 GMT -5
As I understand it, these funds need alot of volatiliy to work, so that option premiums are higher. Same thing affects the buy-write funds like JEPI. Those returns are not far off my normal investing return, so I would not be that inclined to put risk capital there. Thanks for putting this up there, you post alot of interesting financial stuff that reminds me to think.
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Post by nuevowavo on Jan 10, 2024 14:45:27 GMT -5
Why would you invest in an esoteric fund like this, when the S & P 500 has an average return of 13% over the last 10 years, vs. 7.94% for this? Fun to sit and analyze alternative investments, but in the long run, KISS.
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Post by ferris1248 on Jan 10, 2024 19:10:25 GMT -5
Just an option for diversication. If I do it'd be about 1 or 2% of my overall.
I'm probably as diversified as anyone.
At 75, looking for income mostly.
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Post by madm002 on Jan 11, 2024 9:54:21 GMT -5
I was looking really hard at this yesterday. Every 5 star Morningstar fund that I saw generally just barely exceeded the S and P over the last 10 years. Very few had any alpha, and the ones I saw were gimmick funds that had a high risk. On the other hand my stock portfolio was significantly higher in return but there I have single stock risk, which I am becoming less and less a fan of.
Also debating the traditional 70/30 stock bond mix. I figure I will live another 30 years based on my family history. I am not sure the bond mix is right now.
What are you guys doing?
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Post by ferris1248 on Jan 11, 2024 10:16:15 GMT -5
CDs about 45%, Securities 12%, Bonds, 5%, Mutual Funds 3%, annuities 10%, the rest in a variety of individual stocks and sectors.
Cds are laddered every 13 months or more through 2026 so far. Highest is 5.35%, lowest is a 2.85% maturing in April.
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Post by nuevowavo on Jan 11, 2024 14:59:39 GMT -5
Cash 20% (money market fund yielding 5.25%) Stocks 80% - all managed by Fisher Investments, U.S. equities. I told them they could have the money as long as they beat the S & P 500, and so far they have, after their 1.25% fee. Bonds 0%. And I was a Wall Street bond trader for 30 years.
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Post by madm002 on Jan 11, 2024 15:27:00 GMT -5
Cash 20% (money market fund yielding 5.25%) Stocks 80% - all managed by Fisher Investments, U.S. equities. I told them they could have the money as long as they beat the S & P 500, and so far they have, after their 1.25% fee. Bonds 0%. And I was a Wall Street bond trader for 30 years. How long have you been with Fisher? I had heard that is where money goes to die, you are the first positive reference.
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Post by OhMy on Jan 12, 2024 10:51:58 GMT -5
Cash 20% (money market fund yielding 5.25%) Stocks 80% - all managed by Fisher Investments, U.S. equities. I told them they could have the money as long as they beat the S & P 500, and so far they have, after their 1.25% fee. Bonds 0%. And I was a Wall Street bond trader for 30 years. 1.25% fees is a lot. My capital managers quoted me that and I negotiated down below 1%. If they are beating the S&P though I would not change a thing.
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Post by madm002 on Jan 12, 2024 14:00:47 GMT -5
Cash 20% (money market fund yielding 5.25%) Stocks 80% - all managed by Fisher Investments, U.S. equities. I told them they could have the money as long as they beat the S & P 500, and so far they have, after their 1.25% fee. Bonds 0%. And I was a Wall Street bond trader for 30 years. 1.25% fees is a lot. My capital managers quoted me that and I negotiated down below 1%. If they are beating the S&P though I would not change a thing. Just for grins and giggles plot a graph of your advisors results after fees vs SPY the last 5 or 10 years. I thought I was doing pretty good. I looked at the last 20 years and I have just met the market. But I am not sure how they accounted for a large withdrawal I had to take in the late unpleasantness of 2008.
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Post by nuevowavo on Jan 12, 2024 14:26:44 GMT -5
Cash 20% (money market fund yielding 5.25%) Stocks 80% - all managed by Fisher Investments, U.S. equities. I told them they could have the money as long as they beat the S & P 500, and so far they have, after their 1.25% fee. Bonds 0%. And I was a Wall Street bond trader for 30 years. How long have you been with Fisher? I had heard that is where money goes to die, you are the first positive reference.
Only since Sept. 21, 2022, but they have given me over a 40% profit so far. Every time the account is up 10% I take out the profit. Done that 4 times now, and still have more than my original stake.I like the transparency - my account is with Schwab, and I can see every position and every trade in real time. No funds or etfs, only equities, and no commissions other than the annual fee.
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Post by madm002 on Jan 12, 2024 15:25:59 GMT -5
How long have you been with Fisher? I had heard that is where money goes to die, you are the first positive reference.
Only since Sept. 21, 2022, but they have given me over a 40% profit so far. Every time the account is up 10% I take out the profit. Done that 4 times now, and still have more than my original stake.I like the transparency - my account is with Schwab, and I can see every position and every trade in real time. No funds or etfs, only equities, and no commissions other than the annual fee.
Thats really strong. Do you run the portfolio checkup feature on Schwab to see the risk profile of their investments? Congratulation btw
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Post by nuevowavo on Jan 12, 2024 16:44:21 GMT -5
Only since Sept. 21, 2022, but they have given me over a 40% profit so far. Every time the account is up 10% I take out the profit. Done that 4 times now, and still have more than my original stake.I like the transparency - my account is with Schwab, and I can see every position and every trade in real time. No funds or etfs, only equities, and no commissions other than the annual fee.
Thats really strong. Do you run the portfolio checkup feature on Schwab to see the risk profile of their investments? Congratulation btw
Nope. Schwab won't let me do it for externally managed account. But it's pretty vanilla - very similar to S&P. Highest mkt value in order AAPL, MSFT, NVDA, GOOGL, AMZN, HD, META, ADBE, FCX... Only good performer they haven't bought is TSLA.
One advantage to this over S&P fund or etf is that when you sell they do so with taxes in mind - even my short term gain tax liability in the first year have been minimal.
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Post by TRTerror on Jan 12, 2024 18:49:58 GMT -5
I know Squat about the markets but I've been getting 19.4 % on a thing called Saverient ? Bakers dozen for 6 years now. My hunting Pard runs 6 Raymond James offices, and I just had him treat my money just like his. Seems to work and I don't really pay attention except to the monthly statements. One day I'll be able to go to Thailand and burn it all on Bar Girls...
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Post by madm002 on Jan 13, 2024 9:51:54 GMT -5
I know Squat about the markets but I've been getting 19.4 % on a thing called Saverient ? Bakers dozen for 6 years now. My hunting Pard runs 6 Raymond James offices, and I just had him treat my money just like his. Seems to work and I don't really pay attention except to the monthly statements. One day I'll be able to go to Thailand and burn it all on Bar Girls... Bud can you please check the spelling on that, I cant seem to find it. Thanks!
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