Dennis Anderson

Dennis Anderson
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  • Options As A Tool  [View article]
    don"t know nothing: writing puts in an IRA will require that they be covered, meaning you have the cash in the account to buy the shares is they are assigned to you. Apart from that all you need is approval from the brokerage. Some brokerages are more friendly to options than others.
    Jan 11, 2016. 10:00 AM | Likes Like |Link to Comment
  • Options As A Tool  [View article]
    I wasted thousands of dollars taking classes and webinars on options trading--emphasis on trading. A good resource is the CBOE website, which offers free classes, information and training. Eventually I settled into writing (selling) puts on stocks that I also wanted to own, but at a more favorable price. Ironically I didn't come to this strategy until I also bought into the idea of DGI investing, thanks to SA.

    Selling puts has been very profitable in its own right, and for the first couple of years, I made more from options premiums than from dividends. As I acquired more stocks, that is no longer the case; nevertheless writing puts is still a valuable tool. In most cases you can trade covered calls and puts inside your IRA.
    Jan 7, 2016. 09:37 PM | Likes Like |Link to Comment
  • Scanning The SA Family For Alpha: WmHilger1  [View article]
    Annually that's a 12% yield. $1200/$10,000. Way too much for my tastes. I'm looking for 3% to 5% in general. Our two IRA accounts are currently at 4.3% and 4.6%.
    Oct 10, 2015. 01:04 PM | 4 Likes Like |Link to Comment
  • A New (For Me) System For Creating Reliable Income.  [View instapost]
    jbushman: if you buy a put you want the stock price to drop. The option becomes more valuable as the price drops and hopefully goes below the strike price. If the stock price stays above the strike price at the expiration date, and you still hold the option, it will expire worthless. Before you think about trading options make sure you understand the difference between calls and puts and also buying (long) and selling (short) the option. Also learn how time to expiration affects the value of the option.
    Sep 27, 2015. 11:42 PM | Likes Like |Link to Comment
  • A New (For Me) System For Creating Reliable Income.  [View instapost]
    You can often find articles on options under the category of "Investing Ideas" rather than "Dividends and Income." I seldom go to that category, but if you carefully select a couple of authors to follow, you may find their articles in that section.
    Sep 27, 2015. 09:54 AM | 1 Like Like |Link to Comment
  • A New (For Me) System For Creating Reliable Income.  [View instapost]
    PTI: thanks for the response. Of course these are all well-known names. I've never used weekly options, but you've prompted me to do more investigation.
    Sep 24, 2015. 10:02 PM | Likes Like |Link to Comment
  • A New (For Me) System For Creating Reliable Income.  [View instapost]
    PTI: How do you go about choosing the stocks you are using for your put trading? This has always been a problem for me and extremely time consuming to track and chart different equities.
    Sep 23, 2015. 09:13 PM | 1 Like Like |Link to Comment
  • How To Peel RMDs From Your IRA Onion Without Worrying You'll Outlive Your Money: Retire And Be Happy  [View article]
    Glad I kept reading before responding. No taxes is a nice idea, but not gonna happen.
    Sep 20, 2015. 08:29 PM | Likes Like |Link to Comment
  • DGI - How RMDs In An IRA Impact My Plan To Withdraw Dividends Only  [View article]
    NV: That's also new information to me. Thanks!
    Sep 2, 2015. 10:53 PM | Likes Like |Link to Comment
  • DGI - How RMDs In An IRA Impact My Plan To Withdraw Dividends Only  [View article]
    bionic1: On the face of it I would agree with your comment. However, an in kind transaction for a BDC or REIT may prove worthwhile depending upon the dividend yield and your personal tax bracket.
    Sep 1, 2015. 07:10 PM | Likes Like |Link to Comment
  • DGI - How RMDs In An IRA Impact My Plan To Withdraw Dividends Only  [View article]
    karchlg & George: thanks for your responses. Now I get it.
    Aug 31, 2015. 09:02 PM | Likes Like |Link to Comment
  • DGI - How RMDs In An IRA Impact My Plan To Withdraw Dividends Only  [View article]
    I understand the required factor or % required each year for RMD's. But I haven't read anything that says on what value the RMD is calculated. For example value at the first of the year, end of the prior year, etc. Perhaps those who are already withdrawing RMD's can enlighten me.
    Aug 31, 2015. 06:34 PM | Likes Like |Link to Comment
  • Lessons Learned From The Grand Canyon  [View article]
    What peace4 said!
    Jun 17, 2015. 01:20 PM | 2 Likes Like |Link to Comment
  • Lessons Learned From The Grand Canyon  [View article]
    Plainsman: I sent you a message a few days ago re the Grand Canyon. Would you mind taking a moment and responding to my question? Thanks.
    Jun 12, 2015. 12:17 PM | Likes Like |Link to Comment
  • Dividend, Yield, And Price: Inseparably Linked  [View article]
    Mike: Stay off the interstates! Back roads are where the fun is at, but it's getting more and more difficult to find them or get to them. Have no desire to go down on a bike at 70 MPH!
    Jun 4, 2015. 06:18 PM | 1 Like Like |Link to Comment
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