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January 2019 Net Worth Update

I first started tracking my net worth and then sharing my gains and loses way back in January 2013.  I absolutely regret not starting earlier, especially when this site was started a few years prior! I believe that every adult would benefit from seeing how their short term personal finance decisions are playing out over the course of a month, months or years, and the easiest way to do that is with a net worth statement. Thoughts before calculating: This month is going to be rough.  This quarter (2018 4Q) is one of the worst on record, and since my net worth [...]

By |2019-01-01T23:40:42-04:00January 1st, 2019|Uncategorized|4 Comments

Be Careful When Rolling Options

When closing an secondary (or tertiary) option leg it needs to cover the original rolled put for the trade to be profitable.  Reading that sentence over again, it probably makes absolutely zero sense to some, and seem painfully obvious to others.  Either way, I learned this lesson the other week, and it was not readily apparent to me so maybe it isn't to others. Rolling Out of an In the Money or Near the Money Put I have been selling naked puts to create additional income to invest in dividend paying stocks.  My goal is to sell naked puts with a large [...]

By |2017-01-30T00:21:30-04:00January 30th, 2017|Uncategorized|1 Comment