Yesterday, Memorial Day, was a stock market holiday in the U.S.. We encourage our members to invest in the New York Stock Exchange which has had the best performance over many decades. It is open today.
Our fearless, intrepid investor has been following the six habits that we recommend and writing covered calls on each Monday, expiry date Friday on the same week using SPY and SCHB as the underlying security.
The results have been decent and safe but the investing has been boring – exactly as it should be according to Paul Samuelson who stated: “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
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