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The 10 Most Recent Messages By TMFTortoise

Take me back to where I was.
  • Date: 5/22/17 10:43 PM
  • Number: 20813
  • Recommendations: 0
I have $115 BUD covered calls expiring June 16, 2017. BUD is currently trading at $118.46. What should I do if I don't want my shares to be called away?

Hi Roscoe,

First, I'd recall Rule No. 1 on covered calls: (Continued...)
  • Date: 5/21/17 10:42 PM
  • Number: 7463
  • Recommendations: 2
I didn't know what the word limit is, Tom, 'cause I've written some really long posts (2,000 words or more). But if it were to be reached, you're the likely Fool to have reached it! :-)

Cheers,
Jim
  • Date: 5/21/17 10:12 PM
  • Number: 43245
  • Recommendations: 0
I remember (possibly incorrectly) that one time when they picked one of that months BBNs to be the selection for the month they did substitute another pick in that month's BBN list.

Hi Ted,

Yeah, we did that once or
(Continued...)
  • Date: 5/21/17 10:04 PM
  • Number: 11113
  • Recommendations: 1
Dang, Lon!

A thousand books? And that's not even the majority of your collection? How many books do you have? I thought my wife and I had a lot with maybe 1,000 books on our (I don't know, 12??) bookshelves, we had a lot. But I
(Continued...)
  • Date: 5/21/17 9:57 PM
  • Number: 692
  • Recommendations: 0
I bought 3 calls (that would be 300 shares of underlying stock) and I made the trade directly after the recommendation on 7.19.2016.

So, in order to receive the full tax break I'd need to wait until 7.19.2017 or 7.20.2017, etc., in

(Continued...)
  • Date: 5/21/17 9:43 PM
  • Number: 4372
  • Recommendations: 0
I simply take the ending year balance, zero deposits, and subtract beginning year and my RMW. I use the balance to calculate a simple annual return. Am I making this too simple and is the method telling me my return?

Hi
(Continued...)
  • Date: 5/20/17 1:21 PM
  • Number: 4367
  • Recommendations: 0
For some reason, I'm having a difficult time calculation the return for this strategy

Hi Chris,

A BCS return will be one of the examples I'll show in my Weekly column next month, on June 16. First I have to
(Continued...)
  • Date: 5/19/17 7:38 PM
  • Number: 43236
  • Recommendations: 0
I need to know how I can cash out my balance

Hi bamdelly,

I'm sorry, I don't know what you're asking.

The balance at your brokerage? Call them and tell them to close all positions and then close your
(Continued...)
  • Date: 5/19/17 4:48 PM
  • Number: 7452
  • Recommendations: 1
I believe you are referring to Mission Log 190 ... Also I beieve you meant to say at the start of 2018 if current performance holds.

Hi Dave,

Thanks for finding the relevant Mission Log.

And thanks for catching
(Continued...)
  • Date: 5/19/17 4:42 PM
  • Number: 5800
  • Recommendations: 1
So I'm really stuck between rebalancing into bonds or just leaving that money as cash.

Buying bonds will probably hurt you as a place to park cash.

When interest rates go up, bond prices go down. So, if you buy bonds
(Continued...)
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Take me back to where I was.
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