ETFs & Funds
View as an RSS Feed
A New Direction For Options2Wealth
Hi all --
I don't usually post comments but I feel compelled to join the discussion on the new direction for this blog. I am wholeheartedly in favor of paying it forward. The education Karim has provide so far in this blog is invaluable. It reminds me of the proverb: Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. Essentially, Karim is teaching us to fish.
As someone who has benefited significantly from Karim's efforts, I wholeheartedly support paying it forward so that many others can benefit as well. I am in favor of crowdsourcing the decision on an appropriate percentage of giving. It would be good if we could all come to a landing place on what is the right amount.
From reading all the comments, the range is between 10% to 25%. I think we should go with 25%. My reasons are:
(1) The 25% would be of net gains (i.e., after taxes) and we are all likely paying more in taxes than 25% on any gains we make in options trading. I would feel much better giving the money to a worthy cause instead of Uncle Sam. In the end (as kccase3 pointed out), giving to charity will likely reduce my own personal taxes.
(2) Even after paying 25% forward, the net return is still amazing.
(3) I would not have the significant financial gain if not for the education provided by Karim.
So, as a question to the O2W readers, do you agree 25% as the right percentage for giving or do you have any other suggestions?
Looking forward to your thoughts,
Mar 20, 2014. 12:52 AM
Link to Comment
My Blog's Credibility
I'd like to add my two cents to Secret Alpha's credibility. I actually took my play money and followed just a few of Karim's moves starting in February. It was a bumpy ride at first with my portfolio going up and then back down below my initial investment amount. But as of 6/18, I am up 1900%. While it isn't 10,000%, I cannot complain now that my play money is serious money! Looking forward to the group convincing Karim to keep his blog going...
Jun 19, 2013. 04:32 PM
Link to Comment