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Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75777  
Subject: Re: This is What a Retirement Portfolio Should L Date: 1/1/2012 8:16 PM
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Um, a three month strategy is meaningless. That he brags about a one-month return of 9.42% kinda indicates to me that he is a rank newbie. Anybody who has been investing for a long time knows that short-term volatility happens all the time and is meaningless. OTOH, his profile says that he's been investing for 40 years, so who knows?

Frankly, when looking at his post, it looks like just another person touting an arbitrary list of stocks. Just like a million other people who have posted lists of their favorite stocks on the internet. Why is he any different than any of the others, and why should anybody pay more attention to his picks than anybody else's picks?

Chances are that if you look at his blog 6 years from now, the last post will be 5 1/2 years old. I see these all the time -- somebody starts out all enthusiastic and then reality smacks them in the face and they abandon their strategy after a few months.

FWIW, the S&P500 gained 8.25% in the same period where he gained 9.42%. So his performance isn't extraordinary.

Ahhhh. I see that he is juicing his returns by selling covered calls. The siren call of soon-to-be-schooled patsy. A program of picking up pennies in front of a steamroller always looks like a success, right up until the point that the steamroller arrives.
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