game of life through exercise and a change of diet. July 1st, I quit sugar and replaced it with fruit. I've lost over 25 pounds and weigh less than 170 and haven't felt this good since my early 20s. I'll be 59 early next year.
Health insurance for my wife and I is up to over $1100/month. It's too bad health insurance isn't based on one's weight.
Top 10 holdings in IRA #1---BRK-6%, AIG and COP--5%, STX-4.5%, AAPL- 3.8%, BP-3.7%, IBM and KO-3.4%, WMT and SYA- 3.2%
Cash is19% which is used for selling put options.
Added another preferred to IRA #1. This account is now 8% preferred a 30% increase with todays buy. Cash now makes up 19% of the value in this account.
Option income this month paid for 40% of the stock I bought today.
Year to date the account is up less than 2% because my top holdings like BRK are all down around 10%.
She bought 333 shares of BX for $30.70/share and sold 3 March 34 call options. Earned $,82/share for the options.
Last year she earned between 10 and 30 percent on three different trades via BX.
But she also sold call options against it that expire about 2 weeks after it goes XD. Her net option adjusted cost is about 33.15/share. If called away at 34 all her remaining shares will be paid for via profits.
She also sold call options against AAPL and KO and she has orders to sell options against AIG that may fill today.
When BAC raises the dividend to $1/share he might consider exercising but until then owning warrants also limits his downside risk.
In an IRA that's 40% cash I moved 15% of that cash into PCP at 229.95/share. The deal should be done in January, which gives you 235/share in cash. With the dividend it's priced to return 1.8%.
I'll buy more next month if it remains at current prices.
Sold 3 of these today--SEAGATE TECHNOLOGY F 3/18/2016 $40.00 Call. Collected 1.11/share.
Dividend and option income is how she survives.
Grandma is back in today at 131.9/share. She sold her original position last December for tax loss reasons for 161.68/share. It's just over 1% of her net
She also got a partial fill on a high yield preferred stock.
It's a 2% position. She paid 32.64/share but her average cost is about 36 because she started buying a few weeks ago at higher prices. Dividend yield is over 7% and it's qualified.
She has orders in for two other stocks that may fill soon.
This is an IRA that more then likely will be left to its owner's children, it has nothing to do with Grandma. She's never had an IRA or retirement plan of any kind which the exact opposite of the owner of this IRA which happens to be Grandma's daughter.
You were close.-----Warren Buffett's Berkshire Hathaway Inc. BRK.A, -0.78% BRK.B, -0.18% late Friday said its third-quarter operating earnings fell to $4.55 billion from $4.72 billion a year earlier. On a per share basis, Berkshire Hathaway earned $2,769 versus $2,876. Investment and derivative gains during the quarter totaled $4.88 billion, compared with a loss of $107 million in the same period last year. Berkshire's book value, a measure of net worth, rose 3.3% to $151,083 per class A share at the end of September, the company said. Berkshire Hathaway's class A shares fell 0.2% to close at $204,200 on Friday while its class B shares slid 0.2% to $136.33.
She's cashing out of account #2 today which consists of two mutual funds that charge large fees. Half of it she'll bank and use to cover her expenses and the rest will be invested in dividend paying stocks via the account I manage. This raises her total cash position to about 20% of her assets up from only 1%.
I'll list her top 10 at year end. Currently her top two are BRK and PM.
Nice drop today and yes I'm short covered 87.5 and 90 call options.
In other news- Sunprance sure made a great call with his MNST buy recommendation a few years ago===well done Sunprance.