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When Should You Roll a Covered Call?
Covered call options are often pitched as a low-risk way to generate an income on a long-term stock position. While you boost income with a covered call, there can be a high opportunity cost if the underlying stock moves sharply higher and you’re forced to sell early. Deciding to roll a covered call is a common way […]
5 Mistakes to Avoid When Selling Covered Calls
Here is a harsh truth: Not all investors succeed at creating a profitable portfolio. Sometimes this is due to the unpredictability in the market or various other factors, but more often new investors fail because they lack a solid investment strategy. In short, they don’t know how to navigate the pitfalls of the market. One […]
Turn Your 401(k)Into a Portfolio Paycheck
When it comes time to retire, what should you do with your 401(k)? For most investors, it’s time to turn that money into a portfolio paycheck. Many people spend their working years focused on building up a nest egg in the form of a retirement plan like a 401(k) (or an IRA, or both). But […]
You Alone Are Accountable for Your Financial Situation
Since Snider Advisors opened its doors in September of 2002, we have operated on Six Guiding Principles. The first of those principles is that you alone are accountable for you own financial situation. Fundamental to Financial Success The principle of accountability is fundamental to financial success. The bottom line is that no one cares more about […]
The Number One Job of Your Portfolio
In our continuation of the discussion of Snider Advisors’ Guiding Principles, we will examine the principle that the number one job of your portfolio is to produce a paycheck. ERISA Changed Everything While many of us were still too young to know why we should care, the rules of retirement changed significantly. When Congress passed the […]