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Options2Wealth
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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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  • Timing Is Everything... 0 comments
    Dec 30, 2012 4:40 PM

    We have all heard the mantra: "timing is everything."

    In spite of its ubiquity, it has obviously not made an impact on my decision making capability...

    Case in point: starting this blog Options2Wealth

    Of all the years that I could have embarked on this experiment to prove that options can lead to building wealth, I chose December 31st, 2012...Just when the markets are swooning from the so-called "Fiscal Cliff" cacophony and have been rising and falling on the latest headline emanating out of Washington, I decide to start my blog with $10,000 to be invested in, of all things, options! Go figure...

    I have, if anything, proven without any ambiguity, that when it comes to "timing," I'm definitely no Einstein...My timing is absolutely atrocious!

    So let this be a warning to anyone out there who dares to contemplate mimicking my buy and sell decisions: PLEASE DON'T!

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

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