Today is a stock market holiday in Canada, but not in the U.S.. Our fearless, intrepid investor owns only American securities. Based on history, all investors should. The American economy has been the strongest economy for over 100 years and is likely to remain that way in the foreseeable future. One of the best gifts the Canadian government has given Canadians is to eliminate the foreign content restrictions from registered (tax-advantaged) portfolios in 2005.
Our fearless, intrepid investor was assigned on her covered calls that expired last Friday, July 30th and made significant money from the premium income and the growth for which she allowed. She is now entirely in cash.
What will she do when the market opens today?
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