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Subject:  Re: Company Stock - Opinions? Date:  1/10/2000  7:15 PM
Author:  Doucy Number:  17619 of 90548

Hi, I tried to post this a few minutes ago but the boards crashed just before I hit the "send." Here goes again.
The gist of my posting was to be cautious about using covered calls. They are more risky than was implied by the poster who recommended them. Here's a link to a recent series of articles on options (of which covered calls are one type) from the Rule Maker portfolio:
Like you, I recently (a year ago) made a decision to take control of my retirement portfolio, by switching my mutual fund IRA to a brokerage account. I have learned a tremendous amount on, and it's been a thrill to shape my portfolio (it doesn't hurt that the bad decisions I made were nicely cushioned by the great year the other picks are having. A great year for the market can make even a newbie look competent.)
I mention this just to encourage you to stick to your gut about diversifying, and make your decision on the basis of your self-knowledge and diligent research, rather than giving responsibility for this to an outsider (like a broker). But it sounds like I don't have to tell you that. Good luck, and have fun.

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