<p>I agree. But I could just sell calls just to see what it’s like.</p>
<p>How much is your commission on a 10 lot of options?</p>
<p>Then there is an assignment fee…</p>
<p>At Schwab… I think it costs me about 15 bucks to trade a 10 lot and the assignment fee is 8.95 everytime I am assigned…</p>
<p>So…if I am assigned 3 times…that will cost me an additional 26.85 + 15.00 41.85…(i will probably only be assigned once… But i don’t know. )</p>
<p>Looks like the premium
I could get if I look at the bid is barely going to cover that…although I
would probably get the div…</p>
<p>You could try to leg it by trading one side first…but then you have risk that the side you did first moves against you and you could lock in a
loss…</p>
<p>The option also has a wide bid ask spread…low volume…and low open interest… So if you change your mind and want to close early…there will probably be an additional cost to get out…</p>
<p>You can afford it…and as intellectual exercise…you definitely learn more by doing…than studying…</p>
<p>Go to cboe.com and virtual trade - you’ll learn just as much as trading real money.</p>
<p>I’d rather have someone guide me through it and I have someone for that. PVX is probably not the best vehicle.</p>
<p>That’s a good idea…</p>
<p>We haven’t even discussed the possiblility of the stock dropping below 9…</p>
<p>Here is an interesting comment from another blog:</p>
<p>"If the 1000 wealthiest families in the USA each bought 2000 houses at an average cost of $ 100,000 then they could purchase 2 million homes and give them to low income and middle income families. Overnight 2 million would be taken out of the supply of houses on the market. "</p>
<p>I think people should focus on spending their own money and not tell other people how to spend their money.</p>
<p>Interesting blog post…</p>
<p>Instead of the ideas in that post…whick could work…(well the 100,000 a home probably understates the cost…)</p>
<p>The 1,000 wealthiest people should never have to pay an inheritance tax…</p>
<p>Similarly…</p>
<p>[Finally</a>, A Rich American Destroys The Fiction That Rich People Create The Jobs](<a href=“http://www.businessinsider.com/rich-people-do-not-create-jobs-2011-12]Finally”>Finally, a Rich American Destroys the Fiction That Rich People Create the Jobs)</p>
<p>“And Hanauer explains why.
Hanauer takes home more than $10 million a year of income. On this income, he says, he pays an 11% tax rate. (Presumably, most of the income is dividends and long-term capital gains, which carry a tax rate of 15%. And then he probably has some tax shelters that knock the rate down the rest of the way).”</p>
<p>I like that article- who creates more jobs rich people or middle class customers?</p>
<p>Also many entrepreneurs were not rich when they developed their companies. So you could say creating jobs help people get rich.</p>
<p>Was at one of the largest malls in the country today, and the upscale stores were very busy…walked past Sears, and there was little cutomer traffic inside…Neiman Marcus,Nordstroms,etc were doing well…</p>
<h1>328</h1>
<p>I can’t speak or know of others. But DS who is grossly underpaid as a designer is still getting paid enough to where he is still savings a considerable amount beyond his qualified accounts. He has so much in short-term, nonqualified accounts that I will probably ask him to open an variable annuity. I know he’s not going to spend a great deal of money in the near future-he doesn’t need a newer car when his current car is parked on the street and he bikes 1 mile to work. He doesn’t need a house since he likes shared living. He already bought his ski & season pass, camera, and technological goods. </p>
<p>The only way he’s going to spend in this economy is to make a onetime household, purchase of a washlet bidget. :)</p>
<p>Or he finds a GF. :)</p>
<p>otherwise he will take his M1 money and place it into M3, and take it out of circulation (annuity is 10+ years, he’s 26).</p>
<p>"The six children of Walmart’s founders, Sam and James “Bud” Walton, had the same net worth in 2007 as the entire bottom 30 percent of American earners, according to an analysis from Sylvia Allegretto, a labor economist at University of California-Berkeley’s Center on Wage and Employment Dynamics.</p>
<p>Though the 2007 figure is striking, the gap between the Walmart heirs and the rest of the country may get even bigger – the Walton’s combined fortune has grown by more than $20 billion, according to data compiled from the Forbes 400 this year.</p>
<p>Allegretto compared the Waltons’ net worth in 2007, according to Forbes magazine, to the Federal Reserve’s 2007 Survey of Consumer Finances. "</p>
<p>Hmmmm…so 6 people are worth the same as approximately 40 million people…</p>
<p>so…40 million people…maybe they buy 40 million cars…</p>
<p>6 people…ok …they are kind of wealthy…maybe they buy 600 cars…</p>
<p>“In exchange for all the family-supporting jobs Walmart has take away, all it has given us in return are very low-wage jobs working in its stores. The average Walmart worker makes just $8.81 an hour, data from IBISWorld show, and requires $943 a year in Medicaid and other public assistance, according to information from the state of Ohio.”</p>
<p>[EU</a> Banks Sit in a Tangled Web - WSJ.com](<a href=“EU Banks Sit in a Tangled Web - WSJ”>EU Banks Sit in a Tangled Web - WSJ)</p>
<p>dstark,
When people are all worth the same, then they are all the same poor. when wealth is spread equally it is only good…on the paper. it does not work in reality, not in single country, never ever in human history. Of course, it is very beneficial to wear rosy glasses and have your head in sand and ignore all the facts and sing pretty songs and everybody will love you to death for that. If you care only about saying pretty things, then saying that everybody is worth the same will work for this goal, it sounds very attractive. All fantasy worlds are attractive, that is why we create them.</p>
<p>I never ever said everybody should be worth the same…stop lecturing me on your nonsense…</p>
<p>My nonsense is making much more sense to me than your very intelligent sense.</p>
<p>I didn’t read your article but Mauldin’s piece was enough to make me very wary of Europe. Basically it is an exercise in shoe-leather in how long your shoes can last kicking the can down the road.</p>
<p>Reading or not, Europe is going down the drain, unless they change their way, which will never happen because they reached the point when there are too many who get to milk the rest. they are not going to volunteer to be disconnected, way too late. This is the balance that our government is trying very hard to reach. They are very close. Then, who is going to vote to refuse dough for doing nothing. Nobody.</p>