Recent content by pecorino

I’m not rosy at all. The market is overbought. I do a bit of long / short and for the short side, I buy near-the-money SPY puts for a couple months out as downside protection. I tried to short CRWV when it was near $180 (posted it here a few pages back) but Vanguard would not allow it.

I'm holding both. Been selling covered calls on DOW for almost a year which helps ameliorate the sting a bit.

Sounds like they are worth investing in just for the name alone. Release the Kraken! ETA: Vanguard will not allow its investors to release the Kraken, sadly. On to Fidelity.

Good for the market, he said sarcastically, or good for the market is truly what QG believes?

Very long. About 12 hours from San Francisco, if I recall. And Tongans, while very nice and hospitable, tend to have wide bodies. The plane was tight.

Kingdom of Tonga, the islands of Vava'u and Ha'apai, specifically. Miles of untouched sand and surf and not a hotel nor human in sight. I was actually super sick for a couple days during the week we were there (ate something, I think) and it was still an experience I'd do all over again.

Thanks for your expertise. So what I am hearing is the following: 1) This is not a patently illegal strategy and 2) the costs to acquire and/or develop the land would not be deductible when incurred (though I assume they can be depreciated over something like 27.5 years). Do I have that correct...

These have more than doubled already. Good call. I may jump in for a few.

How were you trading it? On Vanguard, they refuse to sell me VXX and also some of the other ETFs tied to it.

I've got a tax / LLC / retirement question. A colleague of mine who is 55 stands to inherit a nice parcel of land in Sante Fe but to put a house on it would be at least $500K. The time frame (though one never knows when a parent will pass) may be on the order of five years. He wants to retire...

Trimming may be good. Some also use a strategy of selling covered calls if you’re OK with parting with 100 shares and generating some extra premium through selling the call.

The most concentrated holdings for me would be ETFs at upwards of 20% of my portfolio for something like VTI. I keep individual stocks at maybe 4% or 5% max. That would be something like JPM (or MCD for the original poster). Some blue chip stalwart. And for options or more speculative stocks...

Anduril’s going to be massive. I’d love to even have a shot at some early shares if it goes public.

What do we think is the best way to trade the VIX? I s it simply VXX? Asking for a friend.

Yep.