Podcasts about using options

In this episode the Talking Shop crew discuss The Psychology of Stop Losses and Why Successful Traders Use Them and Others Don't.Luke Moore and Ronni Agnig demonstrate how proper stop-loss implementation can significantly reduce trading losses, improve risk management, and help retail traders develop emotional discipline - ultimately leading to more consistent profitability. Key Timestamps:00:00:00 Introduction to Stop Losses00:02:12 What is a Stop Loss Mechanically?00:03:31 Understanding Market Orders and Slippage00:04:56 Guaranteed Stop Losses Explained00:06:41 Real Trading Experiences with Stops00:08:18 Why Using Stops Doesn't Mean You're Wrong00:10:59 Managing Headline Risk in Markets00:13:04 Common Excuses for Not Using Stops00:15:25 Volatility Based Stop Loss Model00:17:53 Average True Range (ATR) Explained00:20:52 ATR Implementation for Different Trading Styles00:23:07 Chandelier Exit Strategy00:25:53 Benefits of Trailing Stops in Trending Markets00:28:29 Adapting Stops to Market Conditions00:30:35 Using Options as Alternative Stop Strategies00:32:45 Options Expected Move for Setting Stops00:35:31 Q&A and Final ThoughtsRemember to like and subscribe!Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Professional clients trading spread bets and CFDs can lose more than they deposit.Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They're not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.Your capital may be at risk.

In this episode of the Advisors Option, Mark Longo and Matt Anderson (ORATS) delve into the world of options trading with a focus on tools and strategies for advisors. They discuss the impact of market volatility and the ongoing trade war on options trading volume, highlighting that March 2024 set a new record with 1.23 billion contracts. The episode also explores earnings season performance and strategies like put calendars for hedging portfolios. Additionally, they address listener questions on trade war impacts, concentrated equity exposure, and using tools for calculating hedges, wrapping up with a giveaway for a pro trading crate.   01:25 Welcome to The Advisor's Option 06:08 Market Recap: P&L Statement 14:53 Earnings Volatility Report 20:49 Options Trading Volume Insights 27:26 Pro Trading Crate Giveaway 28:49 Office Hours: Listener Questions 30:54 Discussing Trade War Impacts on Options Market 33:07 Strategies for Trading in Volatile Markets 35:41 Earnings Season Trading Insights 38:28 Common Misconceptions About Options 43:25 Using Options for Portfolio Hedging 53:01 Advising Clients with Concentrated Equity Positions 59:19 Conclusion and Final Thoughts  

In this episode of the Advisors Option, Mark Longo and Matt Anderson (ORATS) delve into the world of options trading with a focus on tools and strategies for advisors. They discuss the impact of market volatility and the ongoing trade war on options trading volume, highlighting that March 2024 set a new record with 1.23 billion contracts. The episode also explores earnings season performance and strategies like put calendars for hedging portfolios. Additionally, they address listener questions on trade war impacts, concentrated equity exposure, and using tools for calculating hedges, wrapping up with a giveaway for a pro trading crate.   01:25 Welcome to The Advisor's Option 06:08 Market Recap: P&L Statement 14:53 Earnings Volatility Report 20:49 Options Trading Volume Insights 27:26 Pro Trading Crate Giveaway 28:49 Office Hours: Listener Questions 30:54 Discussing Trade War Impacts on Options Market 33:07 Strategies for Trading in Volatile Markets 35:41 Earnings Season Trading Insights 38:28 Common Misconceptions About Options 43:25 Using Options for Portfolio Hedging 53:01 Advising Clients with Concentrated Equity Positions 59:19 Conclusion and Final Thoughts  

Key Takeaways: A New Way to Invest in Bitcoin – Structured products allow investors to gain exposure to Bitcoin's upside while protecting part of their initial investment. Like Bonds, But With More Growth Potential – These products often use safe assets, like government bonds, to help secure a portion of your money while still allowing for gains. Using Options to Manage Risk – The bull call spread strategy involves buying and selling Bitcoin call options, helping investors control costs and limit potential losses. Market Makers Keep Things Moving – These financial professionals help manage market volatility, making it easier to trade Bitcoin and other emerging assets. Expert Guidance is Key – Since structured products can be complex, working with a financial professional ensures you understand the risks and rewards before investing. Chapters: Timestamp Summary 0:00 Structured Products as a Safer Way to Invest in Bitcoin 2:58 Bitcoin Options Strategy Balancing Risk and Reward 7:52 Bitcoin's Growing Acceptance and Investment Potential 11:36 Market Makers and Wealthy Investors Seek High-Volatility Opportunities 14:36 Investing Wisely: Risks, Strategies, and Financial Advice   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Options guru Jeff Fischer discusses with 7investing how options can be used as a complement to stocks to boost the returns of a long-term investment portfolio.When used responsibly, options can be a fantastic way to boost the overall returns of an investment portfolio.But options are also shorter-term in nature and they are more highly-exposed to risks and uncertainties. So how, exactly, should investors be using them responsibly? Jeff Fischer has three decades of investing experience. Between writing content for retail investors, co-founding multiple options newsletters, and even managing a hedge fund, he has a wealth of knowledge about investing strategies to generate long term returns.In our recent conversation on March 7, 2025, Jeff discussed how options can be a long-term investor's best friend for boosting returns -- but they also have a few nuances that shouldn't be ignored.Options are best used as a complement to stocks. Jeff describes why he's often writing puts to generate income when he wants to buy a stock at a particular price and writing calls when he's willing to sell a stock for a certain price.We also discussed how investing in options can be slightly different than investing in stocks. Due to their shorter-term nature, options are more exposed to the behavior of the stock market and are more heavily influenced by its current mood of optimism or pessimism. While technical factors do play a role, options strategies should still be built upon fundamental research and valuation.Jeff then described the tradeoff between an option's intrinsic value and its time value. When selling options, you get paid the premium upfront; and you can later buy it back in the future to close out the contract. Jeff typically looks to close out options positions he has written if they've reached 80% or more of the premium's total value -- meaning there's less than 20% of the initial premium left on the contract.We then discussed the difference between retail and institutional investors. Retail investors have the freedom to invest anywhere they would like, but institutions prefer much more predictability and credibility. When retirement funds are at stake, institutional investors are looking for their fund managers to reliably execute on the strategy they were created to accomplish. In the outro, Jeff offered the sectors and stocks that he most enjoys to invest in. During his 30 year career, he's mostly preferred software companies like Alphabet and Meta Platforms. He also mentioned Airbnb as a most recent opportunity investors might want to consider.To have our investing insights delivered to your Inbox every week, please join our free 7investing newsletter today.

In this episode of the Canadian Money Roadmap Podcast, Evan Neufeld discusses seven strategies to manage investment risk in your portfolio as you prepare for retirement. Topics include diversification, rules-based implementation, adding bonds, holding cash, annuities, deferring CPP, and using put options. These methods aim to help you retire with confidence while reducing the volatility and uncertainty of your investments. Remember to consult with a financial professional before making any changes to your portfolio.00:00 Introduction: Politics and Your Portfolio00:23 Seven Ways to Manage Investment Risk00:53 Diversification: Don't Put All Your Eggs in One Basket02:13 Rules-Based Portfolio Implementation05:26 The Role of Bonds in Your Portfolio06:09 Cash Wedge Strategy08:11 Exploring Annuities09:55 Deferring Your CPP for Better Returns11:06 Using Options for Portfolio Insurance12:17 Conclusion and Final ThoughtsGet your Retirement Readiness Score

Derek Moore and Jay Pestrichelli gather once again to discuss whether inflation is too high for the Fed to aggressively cut rates more. Then, they talk about the probability of the S&P 500 closing or getting to 7000 by year end 2025. Plus, is inflation still too high looking at Core CPI and CPI Supercore for the fed to cut rates as much as projected. Later, they go into some myths on the US debt and foreign ownership of treasuries, US Dollar Index against some resistance levels, what does paying your fair share in taxes mean, and more.   How probabilities are calculated based on option prices Current probability of the S&P 500 Index hitting 7000 by year end 2025 Difference between probability of touching and probability of expiring in the money Looking at the current forward PE ratio and multiple for the S&P Calculating theoretical year end 2025 S&P price at different earnings and multiples Is the PE multiple too high? US Dollar moves higher but coming up against resistance? Looking at who owns the $34 Trillion US Debt Percentage of foreign countries who own treasuries Many people think China owns more treasuries than it currently does How much does the Fed own of outstanding US debt? What does paying your fair share in taxes mean? Income comparisons when including government transfer payments (benefits) and taxes Data from New York City points to a small number of people paying most of the taxes CPI Supercore CPI Core and the Fed targets Shelter inflation How big of a company would SpaceX be if it went public? Broadcom hits $1 Trillion in market cap today   Mentioned in this Episode   CBO report on Distribution of Household Income https://www.cbo.gov/publication/56575   NYC Department of Taxation https://www.tax.ny.gov/data/stats/taxfacts/personal-income-tax.htm   Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT   Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt   Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag   Contact Derek derek.moore@zegainvestments.com

Stock options are often considered as risky investments. However, certified financial planner Roy Janse says there are conservative methods of using options to enhance your portfolio.

On this episode,  We share our thoughts on current market volatility We discuss what the markets are telling us ahead of the election We talk hedging specific event risk We look at how earnings season volatility is impacting this market. We answer a listener question about trading binary options on the election And much more. With your hosts: Mark Longo - The Options Insider Media Group Matt Amberson - Option Research & Technology Services Zed Francis - Convexitas

Apollo Global Chief Economist discusses how a slate of economic data over the next several days could impact what the Fed does when it meets the day after the election.  Plus, RBC's Amy Wu Silverman outlines an options strategy for investors to hedge risks in the equity markets.  And, the co-founder & CEO of Uncle Nearest Whiskey, the fastest-growing whiskey brand in the U.S., talks about trends in the spirits market and whether demand is moderating following the early days of the pandemic.

On this episode,  We share our thoughts on current market volatility We discuss what the markets are telling us ahead of the election We talk hedging specific event risk We look at how earnings season volatility is impacting this market. We answer a listener question about trading binary options on the election And much more. With your hosts: Mark Longo - The Options Insider Media Group Matt Amberson - Option Research & Technology Services Zed Francis - Convexitas

Options is about leverage 100 to 1 leverage Pros and investors use options to take down million dollar positions for pennies on the dollar Here's how --- Support this podcast: https://podcasters.spotify.com/pod/show/daily-chedda/support

Russ discusses how to use a combination of options strategies to simulate the risk & return graph of a stock.  He also discusses the wrinkle he adds to the core strategy to cut off the downside below a certain percentage.  He also gives an example.  You can use this strategy to simulate multiple stocks as well in a portfolio.  Don't Forget to subscribe to the show!

Options trading is often viewed as complex or risky for the average investor. However, with the right guidance, trading options can be a powerful tool for financial growthJoin us on Average Joe Finances as our guest Dan Passarelli shares the importance of understanding and mitigating risks in trading and offers some wisdom on how to use options trading as a tool to improve one's financial situationIn this episode:Recognize options trading as a form of derivative trading applicable in various market conditions.Grasp the benefit of options trading in controlling risk, distinguishing it from pure stock trading.Explore the potential of using options trading as a pathway to financial freedom.Understand how premiums collected from options can be reinvested to fuel further growth, contributing to financial success.And so much more!Key Moments:00:26 Getting to Know Dan Passarelli02:13 Understanding Options Trading02:38 Explaining Options Trading to Beginners04:04 How to Get Started with Options Trading04:16 Types of Options Strategies04:37 The Concept of Covered Calls07:04 How Options Trading Can Lead to Financial Freedom12:41 The Importance of Education in Options Trading17:23 The Role of Technology in Options Trading18:51 Understanding the Risks in Options Trading19:45 Dan's Personal Trading Strategy20:14 Introduction to Options Trading20:18 Using Options for Buy and Hold Strategy21:08 Case Study: Trading Apple Stocks21:44 Understanding Call and Put Options24:00 Reinvesting Premiums from Options Trading25:09 The Risks and Rewards of Day Trading26:16 The Importance of Education in TradingFind Dan Passarelli on:Website: https://markettaker.com/Facebook: https://www.facebook.com/markettakerTwitter: https://twitter.com/Dan_PassarelliYoutube: https://www.youtube.com/user/MarketTakerMentoringBlog: https://markettaker.com/blog/ Average Joe Finances®All of our social media links and more: https://averagejoefinances.com/linksAbout Mike: https://mikecavaggioni.comShow Notes add-on continued here: https://averagejoefinances.com/show-notes/*DISCLAIMER* https://averagejoefinances.com/disclaimerSee our full episode transcripts here: https://podcast.averagejoefinances.com/episodesSupport the show

Joining Kyle for this new miniseries focused on learning options is Blayne MaCauley (Host of the PennyLane Podcast) and Erik Smolinski (Creator of esInvests)! In the second episode of this limited series, Erik switches the focus to practical applications as he reviews the paper trades made by Kyle and Blayne. We follow that up with some review and discussion on earnings volatility before wrapping up with our new homework assignment... Review each other's trade plans and create a basic strategy for various market conditions (listed below). We recorded video for this episode, so check it out on YouTube if you want to be able to see Erik's screen!If you have questions to submit for the next miniseries episode, email it to 2bulls@financialineptitude.com or post it in our Discord.About Erik:Erik is a lifelong investor and self-made millionaire looking to share how others can achieve the same. He is hoping to share his experience with active and veteran military members to expose them to opportunities.He came from a single parent low-income household, worked odd jobs as a kid, and began investing in high school. Erik wasn't going to attend college and planned to enlist in the Marines, but a mentor directed him to apply for a scholarship (which he earned). While he pursued his undergrad, he dug deeper into investing and trading - finding derivatives which he primarily trades. He completed over 6 years of active duty before transitioning to the reserves, earning an MBA during his last year. Erik then spread into real estate and angel investing as his means grew, to accelerate capital growth.About Blayne:At the age of 23, Blayne Macauley authored the 5th ranked real estate blog in the world. She started an art business in 2016, which she built into a 6-figure company within 3 years. In 2020 she founded The Penny Lane Podcast about retail trading, which was ranked among the top investing podcasts on iTunes and was featured in the New York Times. She is a daily market commentator, author of "The Intermediate Trader Blog," and podcast host for the Place Your Trades Network. She was featured in the documentary film The New Americans by Ondi Timoner.Blayne has worked as the Marketing Director for a luxury real estate company, Beacham & Company, Realtors, for the past 17 years.Guest Links:esInvests YouTube Channel - Erik Smolinski's YouTubeesInvests Website - Erik Smolinski's WebsiteSubscribe to Blayne's SubstackThe Penny Lane Podcast - WebsiteSocials:Follow Erik Smolinski on TwitterFollow Blayne on TwitterFollow Blayne on InstagramHomework:Peer Review Trading Plans and Logs:a. Look for gaps & provide suggestions Create a basic strategy for the following market conditions:a. Bullish High, Low, Transitioning Volatilityb. Bearish High, Low, Transitioning Volatilityc. Neutral High, Low, Transitioning VolatilityIf you like our show, please let us know by rating and subscribing on your platform of choice! If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!Discord:https://discord.gg/Q8hft2zMTMLearn More Here***Send us your mailing address so we can send you a smash it yourself mug when you join!***Friends of the Show:TRADEPRO AcademyVanta TradingMindMuscles AcademyOrderFlow LabsBeginner Stuff:Beginner EpisodesMiniseries PageKnowledge CenterResourcesAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

On this episode, Mark and Dan explore how to use options to ride the AI wave that is carrying the stock market to new heights. 

On this episode, Mark and Dan explore how to use options to ride the AI wave that is carrying the stock market to new heights. 

Host: Mark Longo, Options Insider Media Group Co-Host: Dan Passarelli, Market Taker Mentoring On this episode, Mark and Dan discuss: How to get started as a professional trader. What is the best way to hedge a broad-based portfolio using options. And much more.

Host: Mark Longo, Options Insider Media Group Co-Host: Dan Passarelli, Market Taker Mentoring On this episode, Mark and Dan discuss: How to get started as a professional trader. What is the best way to hedge a broad-based portfolio using options. And much more.

In an interesting session as a part of the highly popular Face2Face series, conducted by Elearnmarkets, Mr Vivek Bajaj, Co-founder of Elearnmarkets, invited Mr Abhijit Phatak a successful stock market investor with 20 years of experience, to decode Trading Strategy using Options Open Interest. To read more visit : https://www.elearnmarkets.com/blog/strategy-using-options-open-interest/

About Jay :My name is Jay Conner…and let me tell you: I CAN RELATE to all these feelings and frustrations of losing out on so many deals. When I started out investing in Real Estate, I did it ALL THE WRONG WAY! Like so many other Real Estate Investors, I was taken to the slaughter house. I went to my local banker and was able to do a few deals…but you know what happened: I had to come up with Big Down Payments, pay origination fees, and most importantly…play by their rules. (Including signing personal guarantees on everything I owned.) I hated it. I felt owned by the bank, out of control, and stressed out.So, I got some education and learned about buying properties “Subject-To,” Using Options, and buying with “Lease/Options.” These tools opened up my opportunities, but then The Hammer Came Down!!! When the market turned south big-time…my banker CUT ME OFF!!! With No Warning!!! I knew I had to find another way. I searched high and low for another system that would give me the funds I needed. Then I realized I needed to combine the best aspects of all that I researched. And that's whenI created the basis for this system. I kept refining it until I thought I had the best formula. Then I put it all together and made contact with my first prospect. I trusted my system and the very first person I approached gave me $250,000 in Private Money…and what blew me away was How Easy It Was!!!Within a few, short months…I had $2,150,000 in Private Money!!! And that was just a couple of years ago…and it has ROCKED MY REAL ESTATE INVESTING CAREER! (My banker actually did me a HUGE FAVOR…I just didn't know it at the time because that set-back forced me to create the system that would bring me lots of money Fast and Easy without relying on bankers or my credit.) The Massive Profits (7 Figures Per Year) I've been blessed to enjoy by creating and putting into action my “Where To Get The Money Now” System has without a doubt been my Biggest Quantum Leap since becoming a Real Estate Investor. And I live in a city with only 40,000 people.Links From The Podcasthttps://www.jayconner.com/https://www.jayconner.com/training/wtgtmn-webinar-rev2/linkedin.com/in/privatemoneyauthorityhttps://www.jayconner.com/book-details/https://www.peer2peerrealestate.comhttps://www.facebook.com/peer2peerrealstate@Williamp2pre (Twitter)https://www.linkedin.com/in/williemorales/Book(s)recommendedWhere to get the money now- Jay ConnerThanks Jay for being on the PodcastWhat did you think about today's subject? Please go to apple podcasts look for us at peer 2 peer real estate podcast, please subscribe and leave a review. Don't give up on your dreams, fight for it and guard it. Keep the momentum going, Good things will happen. Thanks for listening and be safe Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

The S&P 500 High Income ETF (SPYI) aims to deliver an attractive monthly distribution. SPYI uses a strategy intended to replicate the S&P 500 Index and utilizes a call spread approach as opposed to the more common covered call strategy. Garrett Paolella weighs in on other ETFs using options-based income. The BNDI ETF provides an enhanced approach to the exposure offered by the U.S. Aggregate Bond Index. Also, the CSHI ETF has an innovative alternative to ultra-short fixed income and cash positions. Both ETFs utilize a put spread approach.

This is the introduction to my new podcast! The Poor Man Hedge Fund podcast will delve into options and how to use them to generate income. If you are new to options, you will learn a lot here. If you are a seasoned options trader, you'll also learn some things. My goal is to share my knowledge with people who are interested, and if they need more help implementing new strategies to their investing plans, I am here to help. I look forward to sharing. Listen in to learn more!

Want to buy real estate but don't have the cash? You know about banks and mortgage companies. You probably also have at least heard of "hard money" but did you know that private lending is another great option to use OPM, Other People's Money, to fund your real estate investments? One this week's episode of Get Your FILL, Financial Independence & Long Life, Jay Conner, The Private Money Authority, explains what private money is and how you can create a win/win by partnering with private lenders. Listen to the podcast Visit Jay's website Watch the video From Jay My name is Jay Conner…and let me tell you: I CAN RELATE to all these feelings and frustrations of losing out on so many deals. When I started out investing in Real Estate, I did it ALL THE WRONG WAY! Like so many other Real Estate Investors, I was taken to the slaughter house. I went to my local banker and was able to do a few deals…but you know what happened: I had to come up with Big Down Payments, pay origination fees, and most importantly…play by their rules. (Including signing personal guarantees on everything I owned.) I hated it. I felt owned by the bank, out of control, and stressed out. So, I got some education and learned about buying properties “Subject-To,” Using Options, and buying with “Lease/Options.” These tools opened up my opportunities, but then The Hammer Came Down!!! When the market turned south big-time…my banker CUT ME OFF!!! With No Warning!!! I knew I had to find another way. I searched high and low for another system that would give me the funds I needed. Then I realized I needed to combine the best aspects of all that I researched. And that's whenI created the basis for this system. I kept refining it until I thought I had the best formula. Then I put it all together and made contact with my first prospect. I trusted my system and the very first person I approached gave me $250,000 in Private Money…and what blew me away was How Easy It Was!!! Within a few, short months…I had $2,150,000 in Private Money!!! And that was just a couple of years ago…and it has ROCKED MY REAL ESTATE INVESTING CAREER! (My banker actually did me a HUGE FAVOR…I just didn't know it at the time because that set-back forced me to create the system that would bring me lots of money Fast and Easy without relying on bankers or my credit.) The Massive Profits (7 Figures Per Year) I've been blessed to enjoy by creating and putting into action my “Where To Get The Money Now” System has without a doubt been my Biggest Quantum Leap since becoming a Real Estate Investor. And I live in a city with only 40,000 people.

Sharp down moves in the markets are causing many to run for cover. Join Corey Lane of TradersArmy as he discusses how to use Options to Hedge your portfolio and minimize the damage & uncertainty that the market presents! Join us live at 2pm PST today! #Trading #options #insurance #hedging   Sign up for a free, 6 video course on Cryptocurrency here: https://www.tradingacademy.com/crypto/ Contact TraderMerlin: Email – TraderMerlin@gmail.com LinkedIn: https://www.linkedin.com/groups/13930555/ Twitter: TraderMerlin - https://twitter.com/TraderMerlin IG: TraderMerlin - https://www.instagram.com/tradermerlin/ FB: TraderMerlin  - https://www.facebook.com/TraderMerlin Live Daily Show:  - https://www.youtube.com/TraderMerlin   Trading Applications used: TastyWorks, CliK, TradeStation, TradingView

In today's episode of The Long Run Show, Michael and Austin talk about insurance.How people think about and approach insurance.which insurance life, health, auto, electronic device insuranc edo you actually need?Using Options to insure the investment portfolioThe origin of insurance? How did insurance companies come about? Hosted By:Austin WillsonMichael O'ConnorUnedited TranscriptHello and welcome back to another episode of the long run show. This is your co-host Austin Wilson and Michael O'Connor. And I have to say right off the bat, I don't know if anyone else has noticed, but we've got a snazzy new intro outro combo.Big shout out to Nick Thomas. One of our lovely British writers on our TV, that the good graces to provide a little color commentary at the beginning. And I just love it. What are your thoughts, Austin? Oh, I love it too. I feel like we're at the BBC every time we every time we do the show, it's just a, it's just a grand old time.And also shout out to our amazing producer, Asli. She did a great job putting that together and coordinating everything so that we sound good and we look good. You can't see us, but we look good anyways. Today we are going to talk about and hopefully do an interesting. And compelling job talking about one of the most boring topics ever, which is insurance.Okay.  We thought this was actually a great fit for our podcast because this show's all about the long run. And there's nothing more long run than insurance. Insurance is all about risk mitigation. And you're talking about some, sometimes decades, long risk mitigation, some of the risks that are a hundred percent going to happen, like your death, or sometimes it's risks that may not happen like flood insurance for your house.So we're going to cover all of that today. Maybe even get into what might be dubbed insurance for your portfolios, with the options. We went, talk about that as well. But right off the bat, Mike, do you want to say something real quick and then we'll hop into the different types of insurance and kind of lay some groundwork.Yeah, I think this will be a fun one because this is one where you definitely have. The more optimistic view on the subject matter, which is a little flipped, I think, compared to some of our previous apps I'm a big game theory guy. And 90% of the time insurance is a bad bet for the insurer  it's if they weren't gonna make money off of it, why would they be offering it?So it's a really unique value prop where you have to, at least in my opinion, you have to have psycho economic benefits that outweigh. The cost, which I think is a hundred percent there and life insurance, or fire insurance for your house, car insurance, stuff like that, where it would be just absolutely awful to have something happen to not have insurance. But I dunno stuff like electronics, insurance, appliances, stuff like that. It's really hard to make a compelling value prop in my opinion, but I am excited to dive in and yeah so I think you're, you might be right on the surface. We may have some different. Or flip-flopped I guess opinions here usually I, you can go back and listen to other episodes.I'm usually very pessimistic when it comes to things or at least at the very least cynical or noxious.  Yeah. So this is right up my alley. Now I think it would be important to just define some of the different things. So we usually, when people think of insurance, they think of like auto insurance that's the first thing they think of something you're required to have by the government. It's just there it's a necessary. Yeah, I guess evil is some people might I've. I have been in a couple accidents. I will tell you it's pretty nice having having auto insurance. Even though we are required to have it to drive  in the U S at least. So that's probably the first thing people think about insurance. W when the topic comes up auto insurance. Okay, cool. There's a lot of other ones out there's renters or home insurance. People are very familiar with that. Then of course, you've got the life insurance side of things, which is it's whole other beast. It's its own monster in and of itself. You've got people saying, oh, it's an investment. Oh, it's a, it's an insurance product. Oh, it's this. So it's that I can do 10 different things at one time.  That's a wild world. And then you have the other insurances, like. Where it's insurance for like electronics. Like I've been tried platforms, try to upsell me every time I buy an electronic, whether it's through best buy or Amazon or eBay, they're always like, oh, you want to ensure this electronic device?And I'm like, oh no, thank you. I don't really want to and Midwestern insurance selection  I think they know their customer. I'm pretty sure they they've got my IP address and have geo-fenced me in with a different. Voiceover anyways, I digress. So you've got those like device or appliance based insurances which never I never get them.I'm not that cautious, so I've never gotten them. And of course you've got health insurance, which we, that is such a big topic in and of itself that  we can touch on it, but we're not nearly going to scratch the surface on that today. So those are the main consumer insurances.Now there's really funky things that happen in the insurance world. So there's actually a subset of insurance companies for insurance companies, which is wild. There are insurers for the insurers. So they're insuring the risk that the insurers take on. I know that sounds very meta and ridiculous, but it is a thing because insurance companies, if they don't pay.On a legitimate claim of some sort of, whether it's let's say a death claim for life insurance or some sort of health, insurance claim or  house insurance claim, if they don't pay out on it that really ruins their reputation. Most of insurance is about trusting the company that you're with. Because you're  there's a higher level of trust because it's an ongoing transaction. You're paying premiums usually monthly or yearly for the insurance on whatever it is. And that's different than. Then a one-time buy or even a subscription product where you're getting a magazine monthly or an email monthly it's very different.It's intangible. And a lot of the value is based on trust. So there's that subset, which is other part of the insurance world. And then of course there's really interesting things like life insurance companies do really interesting things with their portfolios where they will use options to basically ensure or guarantee a return on a portion of your dollars  put into the premium dollars, put into the policy.They'll guarantee a portion of that. So there's lots of moving parts within the insurance world, but that's the main breakdown did I miss anything there?   I always enjoy the origin story of insurance. When the the east India and Western Nia trading companies and the, all the big shipping companies were dominant any smaller player, they could maybe afford one or two big trading vessels a big sailboat sailing ship.And if it's sunk in a storm or got looted by pirates or something, the company would just go bankrupt, you'd be completely hosed. And so the very first insurance companies were for merchant vessels and to ensure, so if you get sunk by a storm, everyone doesn't immediately lose all of their livelihoods and go bankrupt, which I think is it's so wild.And that's where Vanguard's logo comes from  the ship with the so the, at least I believe that's originally their story behind the logo. These, I think it's a fascinating thing where you have the, this idea of a cataclysmic event. It's such insurance is such a human thing.And I mean that in like only, it's such a unique Like all of the idiosyncrasies and funky heuristics of humanity just seem to come out and insurance, like it's such a unique and just I honestly think it's fun to talk about even how boring most people think it is. It's like the psychology and the ramifications of every layer of insurance are just so interesting to me, at least. Yeah. Yeah. And it's, and I've seen  I, in a past life was a financial advisor for awhile and that sometimes involved insurance and there were more there were advisors in where I worked that were, we're selling more insurance than others.  Some didn't do hardly any, or they found it out to a different advisor or something, but I've been in meetings.Talking to clients  watching advisors present to clients and it is always the insurance conversation is all of money is emotional, but the insurance conversation is more emotional than pretty much any other part of the whole financial planning or financial advising kind of conversation. And so it's really interesting that you bring that up because it definitely is a human thing. Like only us humans can abstract enough to think into the future to go, oh, that might be a horrible situation. Can I get away from that somehow? Or can I like lessen that future potential blow to my, whatever.Appliance or life at legacy  w can I lessen that we have we have a ridiculous ability to abstract and think into the future. And so it is interesting. You bring that up because  the conversations that I've seen just on a personal level and on a human level are always very emotional.So that kinda makes sense. It's just about the most long run topic we could even talk about  in terms of human long we could talk about the heat death of the universe if we wanted to but in terms of the long run show, being about people and finances and everything, and I think it's just about the epitome of long run than we could talk about, because it requires in order to even perceive a benefit, you have to take a very long.Look at things and imagine your future self reacting to things you can't imagine your current state engaging or losing something you have to step out of and have empathy for your future self, which is extremely interesting. Yeah, it is. It is very interesting. The different topics here are the different pieces of insurance.I laid out what let's go through those because you have an interesting view here. You said you don't think insurance is worth it 90% of the time. So I guess first explain yourself and then second let's walk through those different pieces of insurance and see which you think might be worth it or not worth it. Cause it sounds like there might be different kind of arguments with each one. So go ahead and explain yourself, Mike. Yeah. That's I think the best way I can explain it is with an analogy to blackjack if you ever played blackjack, there is this almost always. I've never seen a game where they don't have it, but there's always a bar with just as insurance.And so that's, if the dealer is showing a, an ACE or a 10 card you can buy insurance. And if they get a blackjack, you get a payout from that. So it's a way to bet on the dealer having a blackjack. So you're instantly gonna lose. So it's this kind of psychological benefit to, to it's oh shoot, he's got a blackjack. I gotta make some money off this or not lose all my money. And it's the probability is always, it's never in favor of taking the insurance near all. You're always significantly better off by not taking insurance. And that's a, just how insurance works and the broad scheme of things.Because if you think about it, no, no insurance company could be in business. If it didn't work that way the B there'd be no way to, if everyone was crashing in their cars all the time, insurance companies wouldn't exist because he couldn't, or the premiums would be so incredibly high that only only a very small segment of people could afford it.So you have to. And this isn't necessarily a bad thing. So it's, I think a qualifier to my statement of I think most, most possible uses of insurance out, there are not a net benefit for you. Like it's not necessarily, it doesn't necessarily make sense economically to engage in it.So like a classic, like appliances phones a lot of stuff that computers, a lot of stuff, and that stuff has come out more recently that more and more companies are pushing that because at least from my perspective is because okay, you can make a lot of money charging premiums. When, whenever anyone buys an iPhone, just charge them three bucks a month or 10 bucks a month, whatever, it doesn't seem like much. But the probability of them breaking that over the course of the plan without it's very low comparatively. So you can make a lot of money with insurance because you're playing on that loss aversion  those kind of natural human tendencies.And on the other side you have the really big stuff like life insurance, home insurance car insurance, where the effects  if you run into a situation that you would utilize it, the effects of not having it or are very high and the health insurance is a great example.And that's something that very can be a very political discussion, can be all over the board in regards to how health insurance works in the United States versus other places and everything. But I think just to sum it up very briefly is it's a very interesting scenario where  it's another situation.Where things can go very wrong. And in the, I think the psycho economic benefit, so the kind of deep understanding of value in the human brain that's outside of dollar signs or anything like that kind of understands the value in those kinds of insurances. And I think that is significant and not necessarily to be disregarded.So I, I definitely, I've definitely met people who say never do any kind of insurance because of just the probabilities, like never, ever do anything insurance, like you just, if you're gonna do life insurance, just save the premium instead and then give it to your kids or something like that.So there is some very, there's some very interesting takes out there that are like, oh, never do any insurance, which if you're purely looking at the statistics, like sure, like purely looking at it or probabilistic way, but at the same time, it's I think that there's real value in that that the psychological side.  Okay. I'm just confused by the guy who said don't ever buy insurance ever. And because I'm like if anyways, the probability of that person who's told you that dying is a hundred percent. So he's looking at this, that's beside the point. We don't need to argue with an imaginary person. Who's not part of this podcast okay.So it seems like what you're saying is insurance, for things that can be pretty easily replaced and, or things where you you're not going to get rid of car insurance. You're required to have it by most states laws. In at least in the U S here. So you're saying like, okay, barring anything that you're required to have or anything that would be. Easy to replace, then you can look at getting insurance and then it's really just a cost benefit from a  emotional perspective.  Is that what you're saying? Pretty much is a good way to sum it up. I would say so, because the same thing with I just recently I traveled pretty routinely.I never, ever booked travel insurance. I never had before, but then I just recently did purchase travel insurance for a big trip coming up just because I was like the cost benefit of. Okay. If this gets canceled and you gotta you can take risk into account. There's always the risk of COVID lockdowns or flights being canceled, et cetera.So it depends on  the full scenario of risk as well. So that was the first time I've ever bought travel insurance and never buy like a U haul insurance when moving or renting any objects or anything like that. And so I think what you said is pretty spot on because it's the you have to have kind of an internal conversation and say, do I actually consider this worth the extra?And I think one of the, one of the really important ways that insurance can masquerade itself as this, just like a no brainer kind of thing, even on small products like that is because if you're looking at a phone, like if you're getting a new eight, $900 iPhone and they say, look, you can just add on insurance on this full coverage for 10, 15 bucks a month.Something like that. It sounds, oh my gosh, like $15 a month compared to $900. That's so little money. I don't care about that much money compared to the 900. So it's okay that's a great deal. Who knows? I might break it. I don't wanna have to repay the $900.And then the next day you could be buying a meal for $15. And so  it's, there's a lot of anchoring that goes on as well. That makes insurance seem cheap when you know, the product itself is expensive. And I think that's a very common, psychological phenomenon as well. It's like that's an easy way to create a subscription plans towards just the psychological benefit of not worrying about whether it's going to break or not, which is, I think it's a really fascinating for now.Interesting. Okay. Yeah. That's fair. So I would probably agree with you on like phones and appliances. And I think it, like you said, depends on the whole situation, but like for a long haul move using U hall, I might just buy the insurance cause I'm like I've had an accident before, so maybe I'm going to have one again.Maybe I'm just that bad of a driver. I'm like don't tell my insurance company, but the thing is okay, maybe I would do that, but that's considering my scenario. And so it's not necessarily true for everybody. I did want to go back though, to something you said in your explainer of, oh if if there was.  If the insurance was actually worth it, insurance companies, wouldn't be making a buck. And you said something about premiums would have to be super high  for there to actually be any, if everyone was crashing their cars and using the insurance premiums that have to be super high because everybody would be using it.And so since not, everyone's using it, therefore no one should get it. And that was that was kinda what I heard. So please correct me if I'm wrong. But the, that thought process for at least some insurances, so I'm thinking  let's just compare apples to apples. So let's go term and term life insurance, which term life insurance you pay usually a monthly or a yearly premium for.15 years of coverage or 30 years of coverage or 20 years of coverage during that term, if you die, you get paid out the amount that you're insured for. So term life insurance, car insurance, renter's insurance, home insurance. Let's compare those because they're all the same. You're paying for a term you're paying usually some sort of monthly or annual premium price for that. The reason, so to push back on what you said it's, it doesn't work because it's not worth it because they're taking advantage of you that the in life, the insurance is taking advantage of you because there's just more are there, people are not using it enough, therefore you shouldn't get it.Hopefully I'm not strong. Meaning you've stepped in if I am, but pick a little bit, but I'm interested to hear what you're about to say. The idea behind it is that. Actually what you brought up at the beginning where the ships were insuring each other on a long voyage because they if one of them, or many of them lost the ships that were in their fleet, they didn't want to have to basically bear the brunt of that all themselves.They wanted to spread that burden out across multiple people. Th the same idea holds true that the, what you were saying about yeah. If everybody was crashing their car and using the insurance claims then you know, the insurance company wouldn't be making a buck, you might be really getting the best out of your insurance.You might be getting a new car for a couple of hundred bucks in premium. But there would obviously be opportunity costs there anyways. You might be getting a new car, but then the premiums would all just have to go up. The idea with having a large pools of people insuring one another is that you spread around the risk and the burden. And I guess what I'm saying is that the idea that, oh the it's just  the insurance company making a book on a low probability event that is somewhat true cause they do have to make a buck, but also the main the main mechanism for that to happen is not that the event is low probability or the risk is low probability, but it's, there's enough people to spread the risk around so it can reduce the burden for any individual risk.It can reduce the burden where as if they didn't have the risk spread around or the burden financial burden in this case spread around, it would be a full a hundred percent. Whereas it can maybe be 10% of that burden. Does that make sense? No, definitely. I, and I totally agree with that.It's something. It's similar to a credit union where you have a conglomerate of individual players that creates a situation where the risk is significantly lower for everyone. So it's I definitely agree. It's I guess maybe I threw my perspective out a little too harsh in the beginning of, I think my perspective is more just if you simply take like the individual's perspective from each like each individual player in that whole games perspective sometimes it can be a hard sell  to be willing to take on the risk of the group as a whole.  But it's a very good point. It's I don't. I think that insurance companies are fraudulent or just taking people's money or anything like that. It's not, I definitely agree that  insurance is a necessity in this day and age and it's it's a good thing. It's not at all a bad thing. And I, maybe I came off like that a little too pessimistic, like short term insurance companies. Definitely. Don't, that's a bad as the good thing, you're not anti insurance, otherwise you might, I don't know. Maybe you disappear insurance coming true. It's like messing with the fed big pharma and insurance companies.It's just let them be there doing their thing. Anyways. That's a whole, maybe a better qualifier to my original statement of 90% of insurance. I think I meant more like 90% of the offers for insurance that you'll come across over the course of your life are not worth it. So the kind of, a lot of the.More like substandard like regular events, like getting a new phone, getting new appliances, getting new products moving, traveling, the kind of insurance is that ironically almost a weird negative correlation between the amount of times that you would use the insurance in your lifetime compared comparatively.It seems like the amount of times, if you're only used at once, like life insurance or hopefully your house only burns down once it burns it down at all.  Like insurance is that you would worst case scenario only use one, maybe two times I think have the most intrinsic value and are probably the best, like the best value, both simple economically and psychoactively as well.Whereas the insurance that you could end up using many times you could break your phone many times  the possible risk to the insurance company of someone who is is maybe just drops their phone a lot. And they have to average that out. So they probably have people who dropped their phone a ton of times are the outliers on one end.And the vast majority of people don't, but they end up having to pay extra for that. And that's a whole funky situ situation. So I would amend my statement and say more like the number over the course of a lifetime, most of the insurance, most of the possible insurance things that you'll be offered are not worth it, but does that. That I could see where you're coming from on that, because I guess I would probably agree mostly with what you said, or I would greet most with what you said.  There's almost a weird negative correlation where if you're going to use the insurance a lot, it's probably not worth it.Whereas if you don't use it a lot but I guess actually, let me go back let me say this. I think it's actually, if the burden of the risk of that thing happening, it's not necessarily that thing is likely to happen, but that if it did happen, it could be catastrophic. I think that's when insurance makes sense, rather than if there's a high probability or low probability. Because there may be a higher probability that. I'm going to get in a car accident rather than my house is going to burn down, but both are still really bad. And they would both be very damaging and burdening if they happen. So I want to ensure both of those risks. Yeah. So it's almost like a burden, like what's the burden of the risk, not what's the probability of, Ooh, that's an interesting definition.I like that. How does this, because we know there's a lot of ways to have quasi insurance on your investment portfolio, whether you're using hedging tools, whether you're using a funky options plays whether you're buying interest rate swaps or treasury swaps, or there's a lot of different ways to have quasi insurance in a portfolio or over the course of a lifetime w we still didn't get to, I want to dig more into your you're comparing, contrasting each of the, more common long run insurance. Things, but what you just said, it almost makes me think that it's maybe not a great play to, to be regularly insuring your portfolio, ensuring quote unquote using hedging tools that perhaps may be reducing your upside. So it's an interesting if there is that kind of actual correlation between the amount of use, like the amount of times, if you're hedging, and this is just financial tools and instruments in general, there are so many hedging tools out there. You gotta think about the premium involved and that's say it again, but it's like this if these tools are being used extremely regularly   maybe they're a funky value prop going on there. So that's just a thought just to put meat on those bones, I think you're probably right. Because I just read through a. An ETF. I was doing some research on this ETF company and they basically offer some ETFs that will try to basically ensure whatever you put in the ETF for 12 months. So they want to ensure or reduce the downside. They don't use insure because they can't, it's an ETF company, but they want to reduce the downside to basically shave off the first 10 to 12%, excuse me, downside for that year.So the idea is they're all pegged. They basically use option strategies on the S and P 500. And they're pegged from, let's say February one, two of 20, 22 to February 1st, 2023, same thing. They have 12 of them for each month of the year. And so you can buy this, buy into the strategy, essentially through an ETF where you can insure against the.10 to 12% of the market dip. However, the rest of that, let's say the market drops 30% of the year. You're only going to save the first 20 or the first 10%. They are not going to be able to save you from the huge drops. So their idea is we can, and again, this is, it's an ETF, so it's very hard.They use a lot of qualifying statements, but essentially their idea is we want to help you with the little  smooth out the bumps in your portfolio. And we want to help you with the little downswings while maintaining upside rather than totally protecting you against the largest bear market that we might have in that 12 month period. So an interesting. Thing, because I don't think they were close to 1% for the expense ratio. And I was like, yeah, I don't think that would really be worth it if they're not going to fully protect the downside. If they're only going to protect the first 10%, I don't think it's really worth me paying them 1% of all the funds invested for that insurance, because it's not the biggest risk.The biggest risk is a 30% downturn like a 2008 or something. And so I would want to protect against that risk, which there are other products out there, usually an insurance where you can do that. You can basically have zero downside with a cap on the upside, which is really interesting. The only reason they do that is because they think they have a lot of money, so they can ensure that that, that.Kind of floor and ceiling approach, but they also use options. But they're very effective at it because they have a lot of money. So the options and the fact that they have a lot of capital behind it, make them able to offer those sorts of products, but a very interesting kind of scenario there where it's yeah, this isn't really worth me insuring quote, unquote, that the first 10% of my losses I don't think that would really make sense.That's a really, yeah. That's a really interesting situation. A very interesting ETF. Cause it's like on the one hand it's so interesting. Cause it's I wonder who first thought of that. That's a very unique product to where  that is very unique and  maybe worth it if you're very convinced that this is not going to be much downward volatility in the market.  If you think the market might go down 5%, but since was such an awful. An odd way to think about it. Cause I think the majority of retail and a good portion of institutional, like you said, watch for the 20 to 30%, you just want to not be in the market when that happens, is one of the easiest ways to consistently make big returns.So that's a very interesting, and maybe it's a thought process of if you see it getting towards that 10% bound and you pull out, you say, oh, perfect, okay. This is right at I'm about to not be insured anymore. This is what I sell or I don't know exactly how it works. Yeah. I didn't dig in hard enough, but I don't think that would be the case because it seemed like it was a reset.It was a 12 month window that reset exactly 12 months later. So they couldn't guarantee the insurance in between that period because of the option strategy they were using. Eh, I, again, didn't see the value in it, but that just is putting some meat on those bones of it's probably worth looking more at the burden and less at the probability that should probably be your first impression or your first factor that you consider is what's the burden of the risk here.Not what's the probability that this risk is going to happen. I think that's probably maybe third, the probability factor maybe third, second, or third in the list. But the burden has to be the first part for sure. In determining if it's worth it or not. That makes since to me. And I think that cause otherwise you go go down the weeds of Monte Carlo options, pricing, and all sorts of fun, fun equations and stuff that  a lot of the times it works.  For the average. So the average investor if you want to have relatively safe blue chips with covered calls is pretty classic. Get a little extra premium on the side from the pharmacy. Want to be going a little crazy, but   yeah. That's definitely a good positive, but that's not really, that's almost a risk in and of itself like you may if you're doing a short-term, if you're writing a short-term call, I guess it's not gonna be that much risk if it's far out of the money, but cause we've got a lot of Robin, Hooders sorry for anyone who use Robin hood. But got a lot of Robin hood is just buying way out of the money options companies. That's what it should be. We got a lot of hoodies because there were a hood I'm just kidding. We're insulting our audience. No no, it, that in and of itself could be. As well, because you could have to sell based on how the option plays out, could up sell if you're writing the call.So you're losing out on some upside possibility. Possibly, but if it's far out always, there's always chances of everything in the long run that is the best quote ever. There are always chances of everything in the long run. My, my long run, my, my long run forecast for you, Mike is that there is a as a high chance of everything and not financial advice, but general advice.I would say none of this is financial advice, but that's life in general advice, all the high probability of anything at any time in the long, pretty much that's that's just life advice there who knew you were going to get, be getting a grandfather wisdom from Mike and Austin here on the line.Exactly.  I want to jump back. We talked a good bit about the stock stuff, but I want to jump back to your example of the contrasting kind of the more standard insurances that everyone is probably going to be looking at whether or not. Hoodie or you're active in the market. Maybe here, your problem might be looking at life insurance or already have it and optimizing it.And that's a lot of stuff that I'm not as well versed as you are. So I want to hear what you were talking about and get a little compare and contrast for our listeners before we have to wrap up relatively soon. Yeah. So the  the nice thing is we don't have a hard commercial break Mike, so we can just, and go and folks you're a long, we can make this, the longest episode that the long, long running, it would probably be appropriate with insurance. No.  Just to sum it up. So let's go through them relatively briefly. And then you can ask questions where you think would be helpful. So life insurance kind of its own behemoth, but essentially two different types. You got the term which we just discussed. You pay a premium for a period of coverage where you'll be paid out the better.Of dying. You'll get paid on a death benefit if you die during that term period during the coverage period. So you're just paying for you're basically just paying for coverage during a set amount of time 20 years. Let's say, if you outlive the term and you're not covered anymore, then there is permanent insurance, which always pays out. Th there's actually never been a life insurance policy. That's not ever paid out. Every insurance policy always pays out as long as there's a legitimate death claim filed. It always pays out. Now, some people don't file a death claim. Totally separate. Maybe insurance companies make it hard to file death claims on purpose.I don't know, but I like living. So I'm not going to go tread, tread too far into those weather. No, but so you've got the permanent insurance, which always pays out when you die. You're paying into the policy the whole time. There's a lot of different calculations that go into that. If you're buying a policy, when you are, let's say 75 or 80 versus buying that same policy, when you're 35, you're going to be paying a different premium because the risk that they insure you for is adjusted over the life of the policy.But the initial, like your personal risk is determined when you start the policy. So at 75, you're going to be way less healthy than you are at 35. That means you're going to pay a larger premium at that point. Sometimes it doesn't make sense to buy insurance because they know that they're going to have to pay that insurance out very quickly.And like you said, at the beginning, they're not going to make a buck on it. So if you're paying premiums in for 40 years, from 35 to 75, then they're going to be able to make a buck on it because they're going to take some of that money and invest it. And then also have some of that earmark to be able to pay your insurance your insurance claim, your death claim when you pass away.Now, if you set it up  the amount you pay in from 35 to 85, let's say, or 95 over that 50 to 60 year period should be less far less than what you get in return. And the reason that works is because they could take that money and invest a large portion of. There's also going to be people that live far longer and actually get less.There's gonna be people that live live a shorter life and actually get more compared to what they paid in. It all tends to even out, but you should be able to make more on the death claim than you paid in premiums. If you didn't, no one would buy insurance. Now, some people will still buy insurance because there's really good scam artists out there in the insurance world.It's very unregulated compared to financial advising very unregulated. So you can read some wild stuff. And it gets very annoying because they also can just call themselves financial advisor because that's not a. Like a regulated term. So a person can be a quote, unquote, financial advisor, but they only sell insurance.And  if all you have is a hammer, everything's a nail. So everything gets solved by insurance for those guys. And that's not necessarily appropriate. So that's life insurance, there's permanent and term permanent. You're going to get paid out at some point term. You may or may not get paid out depending on when you die.Then you've got the home or excuse me, I should back up. So on in my estimation, usually it makes sense to do some sort of life insurance usually, but you want to optimize it. You pay in far less premium than you get paid out. And you want to be aware of how the whole game is played in that world.Usually it helps to have someone walk you through it. Who's independent and can look at a lot of different options for you. And so that in my estimation usually makes sense whether it is some sort of term product with the option to become a permanent product later, or it's some sort of permanent product. Again, like we've said in a couple of other instances in this podcast, it depends on the whole scenario at that point, determining if it's a good fit or not. But usually there's usually, there's a reason for life insurance. Now, the only reason there wouldn't be. Is if you had no risk. So if an example of that, which might sound weird because everyone has a hundred percent probability of dying, but there may be no burden attached to you dying other than I'm sure an emotional burden for some people, right?I would hope you have friends and family, and it's emotionally difficult when you pass away because you were loved. But there may not be a financial burden attached to you passing away because maybe you are you don't have a. Necessarily kids. You never married. You just were riding that single wave all the way into your nineties and you pass away a happy, jolly single guy.Okay, fine. Then you don't really have anything to insure because there's no burden there. You're not leaving behind a spouse who needs some more money to be able to live the rest of their life. Not leaving behind kids who need to be taken care of or kids that are adults, but you want to pass on some sort of legacy to them. At that point, if somebody is single, sometimes people will write an insurance policy on themselves and use it to pay for an endowment for a college to, to fund some sort of charity. You can do a lot of things with insurance, but there may not be a super good reason if there's no burden, which is why I think burden is the number one factor in determining the usability or the value of insurance.And then probability, there is no burden. You don't even have to talk about the probability. Yeah, I would say for most people, life insurance will make some sort of sense  in their life home insurance. First, let me stop there and you can ask questions. Did that make sense? No, that makes sense. And  I liked that definition of looking at the burden right upfront  which brings in an interesting one because it's that's a tough call.If you're very young and single or then you might not imagine you, you're not, you don't have burden in the moment, but like you said, if that's the easiest, the cheapest way to get good insurance when you're young and healthy. So it's a, it's an interesting conundrum. Yeah. It's. It's almost go ahead and you insurances, like when you really need it, you can't get it.And when you don't need it, you can get it really cheap. That's pretty much all insurance, except for phone insurance. Sometimes you can just buy that and then be like, oh, sorry, I dropped my phone anyway. So I would say that there's probably, for most people, there's probably a situation where life insurance makes sense, home insurance. We don't really probability may be very low, but the burden of you being in the street and homeless might be pretty high. Now, if you have multiple properties, maybe you've reduced the amount of coverage depending on the property and the utility it has for you as the owner. Maybe I put less on my vacation now, cause I don't really care.Or maybe I put more on my vacation house because it's worth more. And I actually really care about it. It's a family heirloom passed down five generations and I really want to make sure that it doesn't. Dye, and then I die. I'm still there. It doesn't get destroyed and I can't pay to repair it. Somehow death of houses is always a sad thing to see.It is always a sad thing to see. So that home insurance, I think the burden is pretty steady there really interesting one. And it's almost a subset of this renter's insurance is interesting. Sometimes it's required by your landlord sometimes not. And I don't know. I think it's a personal thing.I, I think it also depends on the scenario. If you're living in a situation with other roommates or your, in a huge apartment complex, may definitely be worth it to have some renters insurance, because then there's more risks involved. There's more potential risks involved because you have more humans and humans are inherently risky. So then it maybe makes sense, but if you're living in a house by yourself and you're just renting the house, maybe it doesn't make sense at that point. Like you don't own the thing. Yeah. You have a lot of stuff in it, but you're the only variable or you and your wife or husband are the only variable or what have you then probably doesn't necessarily make sense because  the at that point, yeah, the risk is high, but the probability is far reduced.  And maybe even the burden isn't that high either.So that, that can be  Kind of a sticky wicket that's, again, case by case scenario for that one. You, have you have anything to add there, Mike, as far as like home or renters or what would you do for renters? Yeah, that's an interesting cause I do, I actually have renter's insurance, but I w I'm actually planning on canceling it.So that's an actually really timely, a timely thing because it's it's interesting, like you said, it's all about the variables and the risk factors involved and  And it sounds like we at least from my perspective, I've definitely taken a very pessimistic view. It sounds like I'm taking a very pessimistic view over this episode of insurance, but I think it, it really is in some ways similar to investing in that it takes a lot of self knowledge of your risk profile.And if you don't have house insurance, will you be constantly worrying about how did I leave the, that I leave the stove on? Is the gap there going to be a fire? If you don't have life insurance, you got constantly be worrying about it. So it's something where I think  like we talked about, I think in the previous episode of knowing yourself and understanding your risk profile, understanding the things that you value, the things that.Going to worry about or not worry about is really important. I think for, I think the majority of people, like you said, it's a lot of those long-term insurances, home insurance, life insurance. It really makes sense because it's it's things that people will likely have to deal with at some point.And are you going to be worried about it and constantly thinking. Yeah. It's almost yeah, like you brought up at the beginning, there is some psychoactive value to it as well. It even if you decide that yeah, the burden is catastrophic and I need to ensure this risk.Yes. It may happen. The probability is enough that I shouldn't share it. Okay. Also, there's just like the mental strain associated with it. That could be very valuable to, to mitigate. Or it could be a relational thing  oh my goodness. If I die is my, are my wife and kids going be taken care of? That's like a common one for young families.  That's a very common worry, especially if  you're the primary breadwinner. Or even if you have two two spouses working, you still got to take care of the kids. Somehow they got to go to daycare. There's an expense there. So it definitely. Mental strain as well to think of as far as the other types of insurance auto insurance and the next one that comes to mind that I think probably everyone's going to run into that. You have to have it. I've I tend to be more cautious. I'm interested to hear what you think about auto insurance.I tend to be more cautious just because I, this is a mental, this is a perfect segue because this is a mental thing for me. I've been in a couple accidents before. And so I know that, okay, having insurance to be able to pay for this vehicle and or damages outside the vehicle, if it's property or hopefully not.But if it's people, if someone goes to the hospital and I'm at fault, if I need to if I could get sued for that, then that makes sense for me  to reduce the mental strain and concern to have a larger amount of liability coverage on. Policy, but that's me, I'm more cautious.And again that's my scenario. And I value that insurance probably differently than other people would because I just have a different history, a different experience with driving. So that's weather, whether good or bad, that's just how it is. And so I probably value having a little bit more coverage.I don't know  what's your perspective on that? Yeah, I think I'm actually in a similar boat to you on this one of a for car insurance. I think I had a similar experience where not driving and been in an accident and been driving and been in an accident and never in a, an a fault situation.I haven't run any red lights. Like it's never I've never been the cause of an accident, but it's interesting to see what if you didn't have car insurance and you didn't cause an accident  and then some states are no fault. And it doesn't matter if you caused it or not.If you're not getting the payout from the other person where some states are where you'd get covered, but that's scary, especially if you're traveling across state lines regularly if you're moving around at least for me I'm in a similar situation where  I'm willing to pay the extra money to have a better coverage. And I think car insurance is oddly in a similar situation as health insurance, because health insurance has. So both car and health insurance, there's so many different options, at least the variable. Exactly. At least in my head home and life insurance are similar in that there's one kind of thing that can happen.  You die or your home is destroyed and maybe there's different levels of. Moderate damage to a house. I don't, I thought you were going to say different levels only, mostly dead only what's the princess bride girl only, nearly he's only nearly dead, something like that. Only nearly dead.Yeah. But but I think that car and health are in this interesting category where there is a lot of different costs, possible, a lot of different variables possible. And for me, I'm actually, I would say I'm probably more on the cautious side, similar to what you're saying on both where  I would rather spend a little more on, on both car auto and health insurance and have that added protection.Yeah. Just for the edification of our audience. I'd looked up that quote it's mostly dead is slightly above. Nice for those who are trying to string the quote together. There you are. Yeah. I see what you're I see what you mean, thinking of them similarly   they do seem to have some kind of cross over there and health insurance.Everybody's going to probably bump into that at some point. I've surprisingly had different experiences than I thought I would have with health insurance. Not and this is just me, probably just being a young guy and not having used it a lot yet, but I haven't yet seen the value of it, even though I totally understand it. And definitely pay a premium for it. I pay a premium for good health insurance, but. I haven't really seen the value yet just cause I haven't used it. But I've seen it in other in others or family members or friends that, that sort of scenario seems again, most of this stuff it's  yeah, health and health insurance is its own behemoth, but it seems yeah, it's probably makes sense. As far as the other pieces of insurance I don't think appliances are, we've been over this appliances devices. It doesn't really make sense to me. It sounds like it doesn't make sense to you either. That was when he said insurance, I was thinking like life and auto and then you S you brought up the devices and appliances.And I was like, where I forgot there was insurance on those. Cause I think it's so dumb. I never used it and best buy insurance or apple insurance or any of those companies feel free to send us. Stats on LinkedIn or started arguing with us or that could prove us wrong. I'm more than happy to change my mind on something, but for me, it's like that kind of insurance, which is so common. You're going to be buying so much of that stuff, especially as phones have become more and more disposable, you will just get in your phone so often or planned obsolescence. Exactly the thing to exactly. Be careful with those updates folks. So I think travel insurance, a case-by-case scenario, I'd never used it.I don't see the point, especially now post pandemic. A lot of airlines are just essentially offering you insurance via vouchers are really flexible, change rules all of that. So it doesn't seem to be super valuable. Lastly, before we let these fine folks go, the portfolio side of things, the investment side of things, it seems like maybe we should.I think that is super valuable. I guess I'm speaking for both of us here. My opinion would probably be that everything I've seen thus far seems like  the premium would probably outweigh the benefits of ensuring any sort of like downside risk because you're going to have to reduce some of the upside. There's no, holy grail that's like zero volatility and a hundred percent of the upside. That's just not the thing. So that's just where I stand on that. But maybe there's scenarios where. I wouldn't really call it insurance for your portfolio, but maybe adjusting the riskiness of your portfolio based on other factors like timeline, as far as when you're going to use the capital. That probably makes more sense to me that I don't think there's that the re the reward is far smaller than the premium you'd pay for it. In my, especially if we're talking in the long run, it seems like if we're talking about short-term, if you think of the next three months, something crazy is going to happen.Maybe you put some shorts on something, put some shorts oncome on and then go for a dip, go jump in the lake. But it seems like insurance in terms of a portfolio perspective is usually for short term actions. If you're talking in the long run. If you think in the long run, the market is going to keep going down. Why are you in the market? Either you need to, your strategy should either be you're shorting the market over the long run, which would be your strategy.And so if you want to insure against that, then you just buy some of it. So you buy it is, I think the long run methodology, I think almost insurance for portfolio is maybe all investments, maybe it's real estate, maybe it's wine or it's  those kinds of cool alternatives seem like a better form of quasi insurance where diversification is kind of insurance in one way. It's not necessarily tendered by a company that is offering you a payout. If something happens, it's more of you creating your own insurance by diversifying and changing your risk portfolio to. Different things. So I think in terms of a portfolio, it seems like the best insurance from my perspective is diversification.According to how you perceive your own, a bit of ability to handle risk in different scenarios. Yeah. And I think also it might be helpful to zoom out from. Thinking about your portfolio in terms of your one log into your investing account, your portfolio should include, if you're taking a, taking everything into account should include the cash you have in the bank, and your emergency fund and all of that. So maybe the insurance in air quotes that you would be using for your portfolio is, could be dubbed like a war chest of cash sitting on the sidelines, ready to go by when everything else dips. And yes, your portfolio is going to dip along with that, but you've got cash to go in and buy it at fire sale prices.So that would be the only thing I can think that's close to some sort of insurance other than of course, diversification and spreading out among different risk profiles and asset classes. But that's the only thing I can think of that would be quasi insurance for your portfolio. That would actually be. Yeah. Again, not financial advice, but would love to hear opposing perspectives or agreements or anything. So feel free to drop us a line and let us know what you think about the world of insurance though. The wild, wonderful world of insurance, the wild, wonderful world of insurance. That is quite the alliteration and we're going to have to put a pin in it there.This has been another episode of the long run show. Hopefully you will join us next time.  One of the future episodes we'll be talking about, actually what we just talked about in the last five minutes. Some of the more personal side of investing and thinking through what it looks like what your whole situ situation looks as a investor now, You're one login to your one investing account. So that's that look for that in an upcoming episode. But until then drop us a five-star review. Like I said, last time, if you want to drop a one-star, don't go to LinkedIn and argue with us there. Hopefully publicly, if you're rude, I just won't answer you, but I'll answer, I'll be the dedicated answering Mike.Michael definitely answered but no, feel free to drop us a review that definitely helps out and share the podcast. If you know somebody who's has questions, we have some we have a decent library building up here. So if people have questions like crypto, they have questions on inflation questions on NFTs all that sort of thing.What is value? We did a show on that. Definitely share, share some episodes insurance. Obviously you're here. If you liked this episode, share it. Getting the word out definitely helps us out. So if you found this valuable, please feel free to. And what will be a little exciting aside as well. We'll be having some guests on, in some of our future episodes as well.It should be a lot of fun  branching out and bringing in perspectives and looking forward to not just the two of us rambling on, but having some fresh perspectives and fun discussions. Exactly. Maybe we'll find a another cynical bloke and another, a optimistic bloke to join the wild show that this is awesome. As always, thanks so much for listening. We'll catch you next time. .Support this podcast at — https://redcircle.com/the-long-run-show/donations

Ad Deum Funds Owner Jason DeLorenzo joins the podcast today. Jason talks about options trading, including advantages and disadvantages and how to control risk.At Ad Deum Funds, they tailor client portfolios to risk and tolerance objectives: https://www.addeumfunds.com/Become a smarter investor and make more money by subscribing to Early Bird, a free daily email newsletter, for free: http://earlybird.emailThe contents from Early Bird are for informational and entertainment purposes only and do not constitute financial or legal advice.

Welcome to the Self-Storage Investing podcast. I'm your host, Scott Meyers.     Join my team and I, as we continue sharing the knowledge and skills from leading investors, developers, and operators to help you launch and grow your own successful self-storage business in 2021. In today's episode, my guest Paul Moore, will share how to avoid speculating and start investing.Tune in each week for a new episode on topics in the self-storage world and more, with guests from each sector of the self-storage investing industry. This week my guest is Paul Moore.  Paul is the Founder and Managing Partner of Wellings Capital. Paul was a finalist for Ernst & Young's Michigan Entrepreneur of the Year two years straight (1996 & 1997). Contributor to BiggerPockets and Fox Business. Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016) and has a forthcoming book on self-storage investing. Paul also co-hosted a wealth-building podcast called How to Lose Money and he's been a featured guest on 200+ podcasts.About today's guest:  Jay Conner  My name is Jay Conner…and let me tell you: I CAN RELATE to all these feelings and frustrations of losing out on so many deals. When I started out investing in Real Estate, I did it ALL THE WRONG WAY! Like so many other Real Estate Investors, I was taken to the slaughter house. I went to my local banker and was able to do a few deals…but you know what happened: I had to come up with Big Down Payments, pay origination fees, and most importantly…play by their rules. (Including signing personal guarantees on everything I owned.) I hated it. I felt owned by the bank, out of control, and stressed out.So, I got some education and learned about buying properties “Subject-To,” Using Options, and buying with “Lease/Options.” These tools opened up my opportunities, but then The Hammer Came Down!!! When the market turned south big-time…my banker CUT ME OFF!!! With No Warning!!! I knew I had to find another way. I searched high and low for another system that would give me the funds I needed. Then I realized I needed to combine the best aspects of all that I researched. And that's whenI created the basis for this system. I kept refining it until I thought I had the best formula. Then I put it all together and made contact with my first prospect. I trusted my system and the very first person I approached gave me $250,000 in Private Money…and what blew me away was How Easy It Was!!!  Helping People Become Financially Independent Without The Hassles of Tenants, Toilets, and Trash with Self Storage Investing!  Website: https://www.selfstorageinvesting.com/ Facebook: https://www.facebook.com/selfstorageinvesting Twitter: https://twitter.com/SelfStorageGuy LinkedIn: https://www.linkedin.com/in/scottameyers/ YouTube: https://www.youtube.com/user/SelfStorageInvesting Instagram: https://www.instagram.com/self_storage_investing/ 

Mental Models discussed in this podcast: KISS Principle (Keep it Simple Stupid) Process vs Outcomes Insurance Tail Events Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast on Patreon This is a podcast supported by listeners like you. If you'd like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron. Show Outline The full show notes for this episode are available at https://www.diyinvesting.org/Episode113 Investing Rules: Never Buy or Sell Options Investing rules are simple and short rules that limit mistakes, improving future performance or returns.  "You don't need to be smart to make money investing. You just need to be consistently NOT STUPID." Using Options tends to be stupid The key idea is that you cannot predict short-term market prices. Ever. Therefore, you shouldn't own options. There are four cases that I will address independently. Options are one of the easiest ways to lose a lot of money fast. In addition, options allow you to turn all of the advantages of investing in the stock market into disadvantages.  Long-term investors have time on their side: option holders do not. High-frequency traders will always beat you on options. Even retail brokers that don't sell order flow for equities (like Fidelity) still sell order flow for options. Normally if you're long you can't be forced to sell. Options can force you to sell when you don't want to do so. Buying Calls Limited Downside, Infinite Upside Negative: Time limit on your return Time works against you. You want time to work for you. Selling Calls They limit your upside. You should absolutely never sell "naked" call options. This would be where you sell call options on stock you don't own. This is basically shorting a stock. (See the last episode) If you sell "covered calls" which means you own the stock, you've now taken away the upside on a stock you have already determined you like. This is terrible. You should focus on buying companies with upside optionality. When you sell a covered call you destroy this process.  Buying Puts The limited downside, limited upside. These are typically known as insurance. You pay a premium, and you get a payoff if something negative happens. Insurance is always a net negative on your investment return over time. Unless you market time (bad idea), buying puts will lower your returns if implemented over an investment lifetime. Selling Puts The limited upside, limited downside. Selling insurance tends to be more profitable than buying insurance. However, you have two options: "naked puts" which means you don't have the cash to buy the stock. "Cash covered puts" which means that you lock up your cash for an extended period and lose the optionality of cash. I am big on optionality. Never sell your optionality. Never sell your upside. Bet on yourself. Summary: You should never buy or sell options because options can cause you to be stupid and lose money.  You don't need to be smart to make money investing. You just need to be consistently not stupid. Investing rules improve your future performance and returns by limiting your mistakes.  Focus on finding high-quality companies at good prices and harness the advantages of an individual investor. Options destroy these advantages and you should avoid them accordingly. 

Trading in the stock market can not only change your life, but also the lives of your family members and create financial legacy for generations to come.One of the most impactful things about the stock market to me is that it truly can change the life of ANYONE.The stock market does not care about your […] The post EP 073: Power Trades University Testimonial: $15,000 in 1 Week Using Options appeared first on The Brown Report - Stock Report.

Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. He has been working as a financial professional for two decades. His experience includes working with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial. Prior to forming Peterson Capital Management, Matthew split time between Wall Street and London as Capital Markets Manager at Diamond Management and Technology Consultants with expertise spanning risk management and derivative processing. In 2010, Matthew left Wall Street, moved to Los Angeles, and launched Peterson Capital Management and the long term value fund, Peterson Investment Fund I, LP. This year Matthew and his family relocated to Austin, Texas. Matthew holds a Chartered Financial Analyst (CFA) designation. He earned his Bachelor of Science in economics and minor in mathematics from the University of Puget Sound. Matthew has lived and worked in China, England, and the United States.Intro - 0:00Utilizing 13F to Narrow Down Investable Universe - 3:00Deep Fundamental Analysis - 10:25Using Puts and Calls to Enter Positions - 12:30Understanding Capital Allocation Strategy - 16:30Summary of Matt's Investment Strategy - 18:10More on Using Options to Enter Positions - 20:40Is Value Investing Relic of the Past? - 27:04Get in Touch with Matthew - 31:07Peterson Capital Management: https://www.petersonfunds.com/about-us/Twitter: https://twitter.com/MattPetersonCFAEmail: info@valueinvestor.orgTwitter: @valueinvestortvInstagram: @valueinvestortvFacebook: /valueinvestortvDatabase: www.valueinvestor.org

What are options? Options are an agreement. Remember when you were young and you told your best friend "if we are both single by 40 years old, let's marry each other." It is an agreement to execute at that time. Similarly, you have that for financial products. Instead of marrying, you buy or sell financial products at a specific price. Why use options? There are a few reasons to use options, mainly because it is part of a trading strategy and it can be quite cost efficient with limited risks. It depends on how you use the option. Another way is to see option as an insurance via a long put strategy. We discuss that in the video too. CeFi vs DeFi More importantly, this is to build up towards DeFi options. How are DeFi options different? DeFi options has a protocol (and maybe tokens) to manage transactions and trade within the ecosystem. And that is what we want to look at in the next few episodes. Learn more about token economics and DeFi by getting our book: book.economicsdesign.com

Nucleus Wealth's Head of Investments Damien Klassen, and Head of Operations Shelley George are joined by prolific trader, avid podcaster, and the Chief Derivative Market Strategist of Big Picture Trading, Patrick Ceresna.View the presentation slides: https://nucleuswealth.com/wp-content/uploads/2021/01/20210114-slides.pdfYou can find Patrick at: https://bigpicturetrading.click/We wanted to bring Patrick on to get a trader's perspective of current macroeconomic and trading trends such as:- Growth stocks vs Value stocks- Oil & industrial metals- Using Options in portfolios- Forex and Bond ratesTo listen in podcast form click here: https://nucleuswealth.com/podcasts/?utm_source=youtube&utm_medium=direct&utm_campaign=podcastGet an obligation-free portfolio recommendation to see how we would invest for you: https://portal.nucleuswealth.com/register/?utm_source=youtube&utm_medium=direct&utm_campaign=podcastLearn more about the hosts: https://nucleuswealth.com/people/?utm_source=youtube&utm_medium=direct&utm_campaign=podcastFind us on social media:https://www.facebook.com/NucleusWealth/https://twitter.com/NucleusWealthhttps://linkedin.com/company/nucleuswealthNucleus Wealth is an Australian Investment & Superannuation fund that can help you reach your financial goals through transparent, low cost, ethically tailored portfolios. To find out more head to https://nucleuswealth.com/?utm_source=youtube&utm_medium=direct&utm_campaign=podcast.The information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen and Tim Fuller are an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796#investing #trading #investmentmarkets

How to make a million dollars on a budget using options.Buying large positions doesn't have top cost you millions.options allows you to have million dollar positions with limited funds. 

Synergy Traders #20.07: Using Options to Calm Your Nerves with Carley Garner of DeCarleyTrading.com was recorded on September 17th as part of the "Synergy Traders #20: Trading Psychology" event, hosted by TradeOutLoud and TimingResearch. The full event video/podcast series and presentation notes are available here:https://timingresearch.com/blog/2020/synergy-traders-20-trading-psychology/ Terms and Policies:https://timingresearch.com/policies/  

Did you know you can use options to help protect your investments? Chris Butler, founder of projectoption joins us to discuss his favorite options trading strategies and how he uses options to reduce risk ahead of a stock’s earnings announcement. Watch now! Options trading involves risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant loss. To learn more about the risks associated with options trading, please read the “Characteristics and Risks of Standardized Options” before you begin trading options. https://www.theocc.com/Company-Information/Documents-and-Archives/Publications

Did you know you can use options to help protect your investments? Chris Butler, founder of projectoption joins us to discuss his favorite options trading strategies and how he uses options to reduce risk ahead of a stock’s earnings announcement. Watch now! Options trading involves risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant loss. To learn more about the risks associated with options trading, please read the “Characteristics and Risks of Standardized Options” before you begin trading options. https://www.theocc.com/Company-Information/Documents-and-Archives/Publications

This episode is for traders and aspiring traders. Today, we are joined by Jeff Bishop, one of the greatest traders in the world. Over the past 20 years, Jeff has made millions of dollars trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com. Even greater than his prowess as a trader is his skill and passion for teaching others how to trade and rake in profits while managing risk.   In this episode, Jeff shares his insights and knowledge on living debt-free, something we all want to achieve. He also shares tips and tricks on stocks, bonds, commodities, and everything about investing.  Tune in with us as we dive into the trading world.   Episode Highlights:   ●      Jeff’s Journey for the Last 20 Years  [2:30] ●      Marketing Avenues to Build Your Business [8:30] ●      Comparing YouTube, Facebook and Google Ads [10:20] ●      Tips on Living Debt-Free [12:40] ●      Economy Impact & Outlook During the Pandemic [18:00] ●      Tactical Approach to Handling Stocks and Bonds [24:50] ●      Using Options to Invest in Commodities [31:55] ●      Learning Investing Strategies through Raging Bull [37:20] ●      Book Recommendations [42:40]   AND MUCH MORE!   Resources Mentioned In This Episode: ●      If you are a future or aspiring business leader who wants to achieve the next level of success in your profession, get started by getting my FREE video short course: The Secret to Unleashing Your Top 1 Percent. ●      Know more about Jeff Bishop and some trading tips by visiting: ragingbull.com ●      Checkout Financial Peace University, a great resource in helping you live debt-free. ●      Connect with Jeff and Raging Bull: o   LinkedIn o   Twitter o   YouTube o   Facebook o   Instagram ●      Book Recommendations: o   Ready, Fire, Aim by Michael Masterson o   Financial Peace by Dave Ramsey o   The Total Money Makeover by Dave Ramsey   Quotes:   “We are not on TV. We are not on print. But, when it comes to digital media, we are all over the place.” “Ten percent of the economy is just gone for the foreseeable future.” “(On living debt-free) You don’t have to be a great forecaster. You don’t have to be an economist to know it’s going to happen. You just prepare for the worst every time and try to have that savings account set up.” “It’s better to learn strategies that put you as the options seller.” “Option buyers are typically not successful in the long run but option sellers generally are.” “Five percent of an established portfolio makes sense.” “I always tell people to not follow my trade. I want you to see the trades I make so you can learn from them. I want you to learn the principles first before you risk your own money.” “So much of being an entrepreneur is just learning it on the job.”   Ways to Subscribe to The Top One Percent:   Apple Podcast Stitcher PlayerFM Spotify

I will show you how to earn passive income if your stock doesn't pay a dividend. We're going to talk about dividend alternatives. Also, you'll learn how to make some monthly income just by sitting on the stock.

Better late than never, right? On Episode 18 of the Value Hive Podcast I chat with Fil Zucchi. Fil is an independent options trader and former bankruptcy lawyer. I first met Fil at last years ValueX Vail Investors Conference. Fil brings a unique look to equity and credit markets. He expresses his thoughts and opinions through options trading. He's a market veteran with over 30 years of experience. Here's the crazy part: in 30 years of trading, Fil's never seen markets like the one we're in now. We dive deep into options trading, balance sheets, bond markets and what to look for in troubled companies. Fil provides insight into why credit markets lead equity markets, and how equity investors can leverage bond markets to gain additional insight. Podcast Timeline: [0:00-5:00] Introduction and Background [6:00-11:00] Why Credit Leads Equity [12:00-20:00] Understanding Capital Flows in Credit Markets [21:00-26:00] Current State of the Credit Markets [27:00-38:00] Deep Dive into Options Trading [39:00-49:00] LEAPS & Using Options on Value Stocks [50:00-58:00] Lessons Learned From Best & Worst Options Trades [59:00 - 109:00] Why Equity Investors Should Follow Bond Markets [110:00 - 113:00] Lessons Learned from Days as Bankruptcy Lawyer [end] Concluding Thoughts & Last Question If you want to learn more about Fil, or follow his thoughts, check him out on Twitter @FZucchi Thanks for listening. If you like what we're doing, please leave us a rating and review on Apple Podcasts.

On this episode of the Thematic Signals podcast, Tematica’s Chris Versace is joined by Bob Lang, founder of and Chief Options Trader at Explosive Options, to talk all options and options strategies, including how an investor can use them to protect themselves in an uncertain stock market. While we focus on thematics, Bob focuses on charts and technical analysis to chart his way for both the market and his options trades. On the podcast, Bob will talk about why he likes options over stocks, share several trading strategies and how he manages a portfolio that can be 20-40 options in size while managing risk as well. Chris also talks with Bob about his book, Know Your Options: How To Build Wealth Using Proven Options Trading Strategies and Technical Analysis, which has received high praise from institutional as well as individual options traders.   Have a topic or a conversation you think we should tackle on the podcast, email me at cversace@tematicaresearch.com   And don’t forget to subscribe to the Thematic Signals Podcast on iTunes!   Resources for this podcast: Bob Lang – @aztecs99 Explosive Options.net Chris Versace — @ChrisJVersace Tematica Research – https://www.tematicaresearch.com Thematic Signals: https://www.tematicaresearch.com/thematic-signals/

My name is Jay Conner…and let me tell you: I CAN RELATE to all these feelings and frustrations of losing out on so many deals. When I started out investing in Real Estate, I did it ALL THE WRONG WAY! Like so many other Real Estate Investors, I was taken to the slaughterhouse. I went to my local banker and was able to do a few deals…but you know what happened: I had to come up with Big Down Payments, pay origination fees, and most importantly…play by their rules. (Including signing personal guarantees on everything I owned.) I hated it. I felt owned by the bank, out of control, and stressed out. So, I got some education and learned about buying properties “Subject-To,” Using Options, and buying with “Lease/Options.” These tools opened up my opportunities, but then The Hammer Came Down!!! When the market turned south big-time…my banker CUT ME OFF!!! With No Warning!!! I knew I had to find another way. I searched high and low for another system that would give me the funds I needed. Then I realized I needed to combine the best aspects of all that I researched. And that’s when I created the basis for this system. I kept refining it until I thought I had the best formula. Then I put it all together and made contact with my first prospect. I trusted my system and the very first person I approached gave me $250,000 in Private Money…and what blew me away was How Easy It Was!!! Within a few, short months…I had $2,150,000 in Private Money!!! And that was just a couple of years ago…and it has ROCKED MY REAL ESTATE INVESTING CAREER! (My banker actually did me a HUGE FAVOR…I just didn’t know it at the time because that set-back forced me to create the system that would bring me lots of money Fast and Easy without relying on bankers or my credit.) The Massive Profits (7 Figures Per Year) I’ve been blessed to enjoy by creating and putting into action my “Where To Get The Money Now” System has without a doubt been my Biggest Quantum Leap since becoming a Real Estate Investor. And I live in a city with only 40,000 people. What you’ll learn about in this episode: How Jay discovered private money and self-directed IRAs, and why none of his private lenders had ever heard of a self-directed IRA as an investment option Why Jay prefers using private lenders to fund his real estate deals rather than turning to the banks Why the ability to set the rules yourself is a powerful advantage of using private money for your funding What advantages over other investment strategies are available to people looking to become private money lenders Why interest-only payments are a win-win for both the buyer and seller, and why both Jay and Mitch prefer interest-only Why a staggering 80% of Americans are unable to go to a bank to obtain a mortgage, and why private money is necessary to bridge that gap What the two pieces of Jay’s private money program are, and how he approaches private lenders with his program What information on the property and the deal Jay shares with his private lenders, and why he doesn’t share everything How to get access to Jay’s free online course “Where to Get the Money Now” Additional resources: REInvestorSummit.com/GetTheMoney REInvestorSummit.com/Live REInvestorummit.com/Grow REInvestorSummit.com/101 REInvestorSummit.com/aof

Today I am going to share with you what I know about using options and anchoring in your pricing strategy. If you're not familiar with the terms options or anchoring, don’t worry! I am going to describe which each one is and how they can help you in your business.  Plus, I’ll share several ways you can increase your rates and your engagements with clients. By the way, in the first episode of Pricing is Positioning, I shared 7 tips for creating a pricing strategy. If you haven’t listened to it yet, I urge you to do so. I also touched on pricing options and anchoring in that episode. You can find it here. In this episode, I’ll cover these topics: Five different pricing arrangements you can use in your business Why you’re missing out on huge opportunities if you are not using pricing options or anchoring The power of controlling comparisons and behavioral economics Why providing options provides context in the value decision and the best number of options to have Value ladders and anchoring, how they make pricing options seem more reasonable Creating an anchoring and option high sheet Resources and links referenced: Take Charge Podcast with Ann Vertel William Poundstone - Priceless Blair Enns - Pricing Creativity The Business of Consulting Workshop - Los Angeles The Business of Consulting Workshop - Sacramento The Product Pricing Roadmap Connect with Paul: Web: www.paulklein.net LinkedIn - https://www.linkedin.com/in/paulkleintv/ Facebook - https://www.facebook.com/paulkleintv Instagram - https://www.instagram.com/paulkleinTV/ Twitter - https://twitter.com/PaulKleinTV YouTube - https://www.youtube.com/channel/UCoQRkgXR4ClPAub12lXgPwg

In today’s episode I talk about probably my favorite characteristic of options trading and that’s the fact that you can be completely wrong on a trade directionally, but because of the pricing structure of options, that trade could still profit. Tune in to learn more! Thank you so much for tuning into the How To Trade Stocks And Options Podcast by 10minutestocktrader.com If you feel that I’ve brought you any value at all, please consider showing your appreciation by becoming a supporter of this free podcast at http://anchor.fm/Christopher-Uhl/support. This allows me to be able to create more content and give you more value! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In today’s episode we take a look at three different ways to trade a news event using options. Verizon has had some news come out about it’s digital content so I thought this would be the perfect example of how to set these trades up. You’ll be surprised at the outcome as only one of the three looked appealing as a trade to me! Thank you so much for tuning into the How To Trade Stocks And Options Podcast by 10minutestocktrader.com If you feel that I’ve brought you any value at all, please consider showing your appreciation by becoming a supporter of this free podcast at http://anchor.fm/Christopher-Uhl/support. This allows me to be able to create more content and give you more value! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Options 101: Replicating Equity Exposure using Options The Buzz: What do informed financial advisors need to know? Finra Proposes Higher Position Limits for ETF Options Contracts Nine ETF index options contracts have been selected for a doubling of position limits if SEC approves FINRA's proposal. Office Hours: Listener questions and comments Question from Charles Vera - Greetings AO crew (Mark, Chris, Matt, Eric and new entrant John). Love the show and have been listening for over a year and have caught up on most of the back catalog. I have two questions - one options related and one somewhat off topic but I just wanted to pick your brains. 1.) How much capital should I plan to set aside when selling puts for my clients? I'm looking at selling 5-10% OTM spy puts on a monthly or tri-monthly basis? But it seems like the margin requirements for this strategy are all over the place. Do they just vary by broker or is there some rule of thumb I should consider when tying up capital to sell puts? 2.) Do you think the recent market volatility will cause the Fed to reconsider its roadmap for raising rates in the near future? There aren't too many other developed economies that are putting the brakes on like the U.S. right now. Thanks again. Really appreciate all that you guys do. Question from Steve Giannakopoulos - Seems right that you can write 1 put option when you already own 100 shares of the underlying stock. Brokerage can lock and keep the 100 shares as collateral instead of holding cash as collateral. It doesn't happen though. Why? You could have your long 100 shares forced sell at the put option strike price if it's ITM and you get assigned. I read what you said, I just don't understand it. Thank you though. Question from SX78 - Now Trump is weighing in on this earnings call thing. Does this suddenly have legs? What will this mean for volatility going forward? Question from Liznder - If you had to start over with learning about and trading options what would you do differently?

Options 101: Replicating Equity Exposure using Options The Buzz: What do informed financial advisors need to know? FINRA Proposes Higher Position Limits for ETF Options Contracts Nine ETF index options contracts have been selected for a doubling of position limits if SEC approves FINRA's proposal. Office Hours: Listener questions and comments Question from Charles Vera - Greetings AO crew (Mark, Chris, Matt, Eric and new entrant John). Love the show and have been listening for over a year and have caught up on most of the back catalog. I have two questions - one options related and one somewhat off topic but I just wanted to pick your brains. 1.) How much capital should I plan to set aside when selling puts for my clients? I'm looking at selling 5-10% OTM spy puts on a monthly or tri-monthly basis? But it seems like the margin requirements for this strategy are all over the place. Do they just vary by broker or is there some rule of thumb I should consider when tying up capital to sell puts? 2.) Do you think the recent market volatility will cause the Fed to reconsider its roadmap for raising rates in the near future? There aren't too many other developed economies that are putting the brakes on like the U.S. right now. Thanks again. Really appreciate all that you guys do. Question from Steve Giannakopoulos - Seems right that you can write 1 put option when you already own 100 shares of the underlying stock. Brokerage can lock and keep the 100 shares as collateral instead of holding cash as collateral. It doesn't happen though. Why? You could have your long 100 shares forced sell at the put option strike price if it's ITM and you get assigned. I read what you said, I just don't understand it. Thank you though. Question from SX78 - Now Trump is weighing in on this earnings call thing. Does this suddenly have legs? What will this mean for volatility going forward? Question from Liznder - If you had to start over with learning about and trading options what would you do differently?

Listen to Joe, Director of Education & Business Development @ the OIC, w/over 24 years in the Options industry as a market maker, w/Options Express, Schwab, et al,  educating institutions on risk mitigation and enhanced performance using Options.  Since 1992 the OIC has provided increased awareness, education and promotion of exchange listed Options for investors, Advisors and institutions. Joe discusses strategy diversification thru Options vs. product diversification. Retail investors, Investment Advisors and institutions are using Options at a rapid rate of increase year over year.  Using Options, one can: 1) Decrease Risk w/o increasing capital; 2) Leverage assets, define and balance the risk; 3) Apply tools to solve problems that could not be solved in other ways.  This is a very interesting conversation that investors/Advisors should find to be well worth the listen.

Today on the podcast I go over the trade article I wrote for moneyandmarkets.com outlining an iron condor trade on AAPL --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Welcome to the Broken Pie Chart Podcast Episode 6 Adding Downside Buffers to Investment Portfolios Using Options. In this episode Derek Moore is again joined by Jay Pestrichelli, founder of ZEGA Financial and co-author of the book Buy and Hedge to discuss using options to create positions which control but don’t own shares of stock market indexes. These positions have the goal of providing upside greater than the market while installing a downside buffer down to a certain level in case markets sell off. Also discussed is the idea of using fixed income as a funding source via dividends to pay for long stock ownership. This switches the risk from an un-buffered long stock profile to more of a short duration high yield fixed income risk profile.   Key  Takeaways: • What are long stock portfolios with embedded downside buffers? • How are options utilized to reduce risk by building a synthetic long stock position? • Targets of utilizing a Buffered Index Growth strategy include greater upside participation. • Targets also include not participating in the first roughly 25% down moves in markets thus providing a buffer. • Understanding frequency and size of downside market moves. • Why everyone doesn’t adopt a Buffered Indexed Growth strategy • How a portfolio has the goal of shifting from a stock risk profile to a fixed income risk profile. • How short duration fixed income (bonds) can perform in various market conditions • Why losing less in a stock portfolio leads to potentially growing more over time • Those within 10 to 15 years of retirement may need more growth but can’t take more un buffered, un hedged equity risk • Bonds usefulness at low interest rates in portfolios may not be as helpful as they once were   Mentioned  in  this  Episode:     Broken Pie Chart Book by Derek Moore https://amzn.to/2MibTSk   Buy and Hedge Book by Jay Pestrichelli and Wayne Ferbert https://amzn.to/2xcfeZv

Using Options to Swing Trade 

Today I outline four different trades for AAPL’s earnings and I go off script a little bit... --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

I talk about how when I’ve determined a potential floor for a stocking for a few weeks or months sometimes adding options can significantly boost my return.

Tricks of the Trade: Using options in retirement accounts. What are the limitations of trading options in a retirement account? What strategies can you utilize? Stock replacement strategy: what is it? Long-term stock replacement strategy with a covered call, aka fig leaf strategy. The Buzz: What do informed advisors need to know? 2017 turned out to be a pretty good year for options - even with no volatility - also ETFs The new tax bill - not many changes for options users. akeaways from the 2017 Fidelity RIA Benchmarking Study. Office Hours: Listener questions and comments 2017 was the "Year that Volatility Died". So our first question of the week for 2018 is a puzzler. Quite simply: where do you think $VIX will close at the end of the year? Between 7.5-9.99 Between 10- 12.49 Between 12.50 -14.99 Above 15 Listener questions: What's on your mind? Question from L Penguin - I'm a new options trader and I want to buy a LEAP call because it looks like the stock is going to go to up in the next 12 months, but I don't want to commit yet. I also want to generate income while I hold that position. What are your thoughts on selling the call while I have the leap? Also, this stock has an attractive dividend that I'd like to capture. Is this even possible? Interested in your thoughts, thanks!...I was thinking about buying a deep in the money call for the LEAP, and then depending on where the stock is trading at the time, sell closer to the money.

Tricks of the Trade: Using options in retirement accounts. What are the limitations of trading options in a retirement account? What strategies can you utilize? Stock replacement strategy: what is it? Long-term stock replacement strategy with a covered call, aka fig leaf strategy. The Buzz: What do informed advisors need to know? 2017 turned out to be a pretty good year for options - even with no volatility - also ETFs The new tax bill - not many changes for options users. akeaways from the 2017 Fidelity RIA Benchmarking Study. Office Hours: Listener questions and comments 2017 was the "Year that Volatility Died". So our first question of the week for 2018 is a puzzler. Quite simply: where do you think $VIX will close at the end of the year? Between 7.5-9.99 Between 10- 12.49 Between 12.50 -14.99 Above 15 Listener questions: What's on your mind? Question from L Penguin - I'm a new options trader and I want to buy a LEAP call because it looks like the stock is going to go to up in the next 12 months, but I don't want to commit yet. I also want to generate income while I hold that position. What are your thoughts on selling the call while I have the leap? Also, this stock has an attractive dividend that I'd like to capture. Is this even possible? Interested in your thoughts, thanks!...I was thinking about buying a deep in the money call for the LEAP, and then depending on where the stock is trading at the time, sell closer to the money.

Mike Muren ***Note: If you can not see the audio player above, REFRESH your browser and try again. . . . . To listen on iTunes, click HERE. To listen on Google Play, click HERE. To download, right click the “Download” link below and “save as” to your computer. Download FULL Running Time: 1:03 Website: […]

Basic Training: A Review of How to Protect Your Profits Easiest method: Buy a 2-3 month put ATM or slightly an OTM put. Protect just those gains. What do you do if you have a broad portfolio? Hedging Rule of Thumb. Expect to spend about 2% of your portfolio for effective 3-6 month protection. How do you reduce the cost of protection? Buy a spread instead of an outright put, set up a collar, or set up a collar with a kicker. Mail Call: It's time for listener questions Question from Ariell - Why should I ever buy puts? I can use a stop order in the stock for free and then put that extra capital to work in my trading account. By my math using stops instead of puts can boost your account 5-10% per year. That's a lot of cheese. Question from S_Warz - Do you trade options through dark pools Question from Thankfulness - Do you have dark pool access? Comment from H. Schwartz‏ - Who said option traders don't celebrate holidays! Question from L. Penguin - I have a question for the Options Bootcamp. I'm a new options trader and I want to buy a LEAP call because it looks like the stock is going to go to up in the next 12 months, but I don't want to commit yet. I also want to generate income while I hold that position. What are your thoughts on selling the call while I have the leap? Also, this stock has an attractive dividend that I'd like to capture. Is this even possible? Interested in your thoughts, thanks!...I was thinking about buying a deep in the money call for the LEAP, and then depending on where the stock is trading at the time, sell closer to the money.

Basic Training: A Review of How to Protect Your Profits Easiest method: Buy a 2-3 month put ATM or slightly an OTM put. Protect just those gains. What do you do if you have a broad portfolio? Hedging Rule of Thumb. Expect to spend about 2% of your portfolio for effective 3-6 month protection. How do you reduce the cost of protection? Buy a spread instead of an outright put, set up a collar, or set up a collar with a kicker. Mail Call: It's time for listener questions Question from Ariell - Why should I ever buy puts? I can use a stop order in the stock for free and then put that extra capital to work in my trading account. By my math using stops instead of puts can boost your account 5-10% per year. That's a lot of cheese. Question from S_Warz - Do you trade options through dark pools Question from Thankfulness - Do you have dark pool access? Comment from H. Schwartz‏ - Who said option traders don't celebrate holidays! Question from L. Penguin - I have a question for the Options Bootcamp. I'm a new options trader and I want to buy a LEAP call because it looks like the stock is going to go to up in the next 12 months, but I don't want to commit yet. I also want to generate income while I hold that position. What are your thoughts on selling the call while I have the leap? Also, this stock has an attractive dividend that I'd like to capture. Is this even possible? Interested in your thoughts, thanks!...I was thinking about buying a deep in the money call for the LEAP, and then depending on where the stock is trading at the time, sell closer to the money.

A lot of people may want to upgrade their home or location, but money is tight and they are tied down. Mike Kalis of Marketplace Homes has a solution for this. Not only does he help people break ties with their existing homes and move into new ones, but he successfully built a business around this practice. Today we are talking about how to use options to grow your property management firm. Doing things like helping tenants and owners by leveraging rent-to-own options. The goal is to increase revenues and have enough money to provide a high level of service. You'll Learn... [04:02] Mike's company is close to 3000 doors in 28 states. [04:49] How we will talk about increasing revenues on transactions. [06:54] The biggest benefit is helping owners get out of their homes without having to sell right away with a rent-to-own plan. [08:01] This is also a second chance opportunity for the tenants. [09:09] Pros and cons a tenant could put money down and if they don't purchase they would lose that. The owner could lose out if they set a price that is lower than future market value. [10:32] What an option agreement actually is and selling the option to the tenant for $5000. [12:53] How this method actually helps grow a property management business. [14:01] How accidental investors are the one's property managers make the least from. This method helps make a profit from this group. [21:14] Signing the purchase agreement right out of the gate and list and itemize all expenses. Making sure the tenant understands the fee is non-refundable. Tweetables Not having enough money to provide high service levels makes us unprofessional. The better the pricing, the more likely the tenant is to close on the option. This is a neat thing that offers owners and tenants more than just a service call. Resources Marketplace Homes Marketplace Homes on Facebook #DoorGrowClub Mike Kalis on LinkedIn

Scott discusses using option agreements to tie up note and real estate deals with or without your self-directed IRA accounts to find buyers for your deals. Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Today's co-hosts are Marc Odo, Director of Investment Solutions, Swan Global Investments and Matt Amberson, Principal, Option Research & Technology Services. Tricks of the Trade: How do options fit into the active vs. passive debate? Active vs. Passive? It Doesn't Matter, by Marc Odo. How do you incorporate options into a "passive" portfolio? The Buzz: Advisors Sticking With Active Investments: Practical Perspectives. ETF Use Keeps Growing (and Growing). An update on the ongoing DOL fiduciary battle. Office Hours: In which the listeners take over the show. Options question of the week: First #Harvey, then #Irma an #Jose and now #Maria. We prep houses/cars/family for #disasters. How do you prep your portfolio? 31% - Get Long $VIX/$VXX/$UVXY 15% - Go To Cash/T-bills 27% - Buy Index/Stock Puts 27% - "Risk Assets" - Gold, etc. Listener questions and comments: Question from JV Cavalia - Question for Advisors Option on annuities. Hello Mark, Randy, Mike and Eric. I am very much enjoying your program. I am still new to options and I am interested in annuities. But most of them seem to be overly complex and riddled with hidden fees. Many of them also seemed to utilize some form of derivative to achieve their investment goals. The obvious question then is can I achieve the same results myself just using options? Would writing a quarterly call on a broad index achieve the same long-term income results for example? Do you have other suggestions. Thanks again.

Today's co-hosts are Marc Odo, Director of Investment Solutions, Swan Global Investments and Matt Amberson, Principal, Option Research & Technology Services. Tricks of the Trade: How do options fit into the active vs. passive debate? Active vs. Passive? It Doesn't Matter, by Marc Odo. How do you incorporate options into a "passive" portfolio? The Buzz: Advisors Sticking With Active Investments: Practical Perspectives. ETF Use Keeps Growing (and Growing). An update on the ongoing DOL fiduciary battle. Office Hours: In which the listeners take over the show. Options question of the week: First #Harvey, then #Irma an #Jose and now #Maria. We prep houses/cars/family for #disasters. How do you prep your portfolio? 31% - Get Long $VIX/$VXX/$UVXY 15% - Go To Cash/T-bills 27% - Buy Index/Stock Puts 27% - "Risk Assets" - Gold, etc. Listener questions and comments: Question from JV Cavalia - Question for Advisors Option on annuities. Hello Mark, Randy, Mike and Eric. I am very much enjoying your program. I am still new to options and I am interested in annuities. But most of them seem to be overly complex and riddled with hidden fees. Many of them also seemed to utilize some form of derivative to achieve their investment goals. The obvious question then is can I achieve the same results myself just using options? Would writing a quarterly call on a broad index achieve the same long-term income results for example? Do you have other suggestions. Thanks again.

WWoO Show 25: Using options to invest fearlessly in 2016 Joe Burgoyne sits down with Alan Ellman from The Blue Collar Investor to discuss how investors can get a jump start on 2016 by adding options to their portfolios. Topics include fundamentals, basic strategies, and common mistakes.

WWoO Show 25: Using options to invest fearlessly in 2016 Joe Burgoyne sits down with Alan Ellman from The Blue Collar Investor to discuss how investors can get a jump start on 2016 by adding options to their portfolios. Topics include fundamentals, basic strategies, and common mistakes.

Welcome to our 27th episode in our newer podcast series where we cover everything related to investing in tax-delinquent real estate. In other words, we focus on properties where the owners have not paid the property taxes. As a husband and wife investing team, we've done nearly 3,500 deals – in land and houses – with little competition and big profits. And we want to share what we know with you. In today's episode, we're talking about the use of options in real estate, which allows us to think outside the box and use our creativity in deals. This happens to be a favorite strategy of Michelle's – with good reason. So, thanks for tuning into our 27th podcast episode. Off we go… Listen and enjoy: What's inside: What an option means in relation to real estate The key distinction(s) between a contract and an option What an option consideration is How an exclusive option differs from a non-exclusive option What a double offer and why to make that offer Mentioned in this episode: Jack and Michelle's website and their free gift for you Forever Cash Freedom Forever Cash Jack and Michelle's book: Forever Cash Facebook.com/ForeverCashLife ForeverCash.com/Podcast Tweetables: Wrong: You […] The post FCP 027: Do Real Estate Deals Using Options for just $10 appeared first on Forever Cash - Education for a Financially Independent Life.

Option Block 385: Theta Decay Trading Block: Business welcomes midterm GOP takeover, what can the market hope for from the GOP congress? U.S. stocks mixed as investors' eye oil prices. Euro falls to two-year low after Draghi signals more ECB action. Tesla shares rallying after earnings.     Odd Block: Giant call traders in SPDR S&P Oil and Gas Explorers (XOP), puts trade in Geron Corp. (GERN), and large calls trade in Education Management Corp (EDMC)   Xpress Block: Alex discusses the methodology behind premium harvesting and the IdeaHub.   Mail Block: Listener questions and comments Question from Mukund Ambarge - Hi Team, I had a question on theta decay. I understand that delta is in constant flux with every tick move in stock, the delta/gamma changes. IV is in constant flux with buying and selling of options and volume etc. So Vega changes with option transactions. But theta decay is the only one which is always in a steady pace i.e. it's not like it will decay quickly today and slowly tomorrow. The question is, when the theta decay is really adjusted in the prices of options. Do the theta decay get adjusted at every tick move - or every hour? If it is adjusted daily. Then when is the theta decay taken out of options. Early morning before start of trading? Or late in the day like last few minutes that whole days theta is taken out? Also I do not know when is weekend theta taken out of prices? Friday early morning or Friday ending or middle of the day? Basically when does market maker run the prices with the model and set the prices? Only once before trading starts or does he keep adjusting every minute/hour/tick based on demand/supply?     Around the Block: Where's OX this week? Option Pit is hosting “Using Options to Trade Direction.”

Option Block 385: Theta Decay Trading Block: Business welcomes midterm GOP takeover, what can the market hope for from the GOP congress? U.S. stocks mixed as investors' eye oil prices. Euro falls to two-year low after Draghi signals more ECB action. Tesla shares rallying after earnings.     Odd Block: Giant call traders in SPDR S&P Oil and Gas Explorers (XOP), puts trade in Geron Corp. (GERN), and large calls trade in Education Management Corp (EDMC)   Xpress Block: Alex discusses the methodology behind premium harvesting and the IdeaHub.   Mail Block: Listener questions and comments Question from Mukund Ambarge - Hi Team, I had a question on theta decay. I understand that delta is in constant flux with every tick move in stock, the delta/gamma changes. IV is in constant flux with buying and selling of options and volume etc. So Vega changes with option transactions. But theta decay is the only one which is always in a steady pace i.e. it's not like it will decay quickly today and slowly tomorrow. The question is, when the theta decay is really adjusted in the prices of options. Do the theta decay get adjusted at every tick move - or every hour? If it is adjusted daily. Then when is the theta decay taken out of options. Early morning before start of trading? Or late in the day like last few minutes that whole days theta is taken out? Also I do not know when is weekend theta taken out of prices? Friday early morning or Friday ending or middle of the day? Basically when does market maker run the prices with the model and set the prices? Only once before trading starts or does he keep adjusting every minute/hour/tick based on demand/supply?     Around the Block: Where's OX this week? Option Pit is hosting “Using Options to Trade Direction.”

Options Bootcamp 25: Using Options in Retirement Accounts Basic Training: What can and can't you do with options in a retirement account. Retirements accounts do not let you use margin. Stick to the covered calls. Mail Call: Listener questions are filling up our inboxes Question from Aman16 - Where does the "Iron" part of Iron Fly and Condor originate from? Question from Tim Phillips, Boston, MA - What is your referred way to express a near-term bullish outlook on a stock? Write an ATM or near ATM put or use a stock replacement strategy (deep ITM call)? Question from T_BO - When should I use a stock replacement strategy vs. call or call vertical? Question from Anaz9 - If I buy 1 ATM, sell 2 OTM calls in a ratio spread, how is the margin calculated on the naked portion? Is it the same as selling naked OTM?

Options Bootcamp 25: Using Options in Retirement Accounts Basic Training: What can and can't you do with options in a retirement account. Retirements accounts do not let you use margin. Stick to the covered calls. Mail Call: Listener questions are filling up our inboxes Question from Aman16 - Where does the "Iron" part of Iron Fly and Condor originate from? Question from Tim Phillips, Boston, MA - What is your referred way to express a near-term bullish outlook on a stock? Write an ATM or near ATM put or use a stock replacement strategy (deep ITM call)? Question from T_BO - When should I use a stock replacement strategy vs. call or call vertical? Question from Anaz9 - If I buy 1 ATM, sell 2 OTM calls in a ratio spread, how is the margin calculated on the naked portion? Is it the same as selling naked OTM?

Join Brian Overby, Senior Options Analyst for TradeKing, as he discusses several risk gauges to help you manage foreign exchange market.

Join Brian Overby, Senior Options Analyst for TradeKing, as he discusses several risk gauges to help you manage foreign exchange market.

Join Brian Overby, Senior Options Analyst for TradeKing, as he discusses several risk gauges to help you manage foreign exchange market.

Join Brian Overby, Senior Options Analyst for TradeKing, as he discusses several risk gauges to help you manage foreign exchange market.

Join Brian Overby, Senior Options Analyst for TradeKing, as he discusses several risk gauges to help you manage foreign exchange market.

Join Brian Overby, Senior Options Analyst for TradeKing, as he discusses several risk gauges to help you manage foreign exchange market.

Join Brian Overby, Senior Options Analyst for TradeKing, as he discusses several risk gauges to help you manage foreign exchange market.

You might think that trading options is risky and aggressive, but Ron Groenke will show you how options can instead be used to boost your monthly income significantly with quite conservative strategies. Groenke is the author of several books on options, including Show Me The Money: Cover Calls and Naked Puts for a Monthly Cash Income and Cash for Life. In this interview, he will explain how you can write call options on your existing portfolio of stocks and also write naked put options to generate a significant flow of income to you with minimal risk.

You might think that trading options is risky and aggressive, but Ron Groenke will show you how options can instead be used to boost your monthly income significantly with quite conservative strategies. Groenke is the author of several books on options, including Show Me The Money: Cover Calls and Naked Puts for a Monthly Cash Income and Cash for Life. In this interview, he will explain how you can write call options on your existing portfolio of stocks and also write naked put options to generate a significant flow of income to you with minimal risk.