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The buyer of the contract thinks that TSLA will be above $1000 by 2/17/2021 and pays a certain amount to me for it. On 2/17/2021 if TSLA is below $1000 then the contract expires worthless and I keep my 100 shares and keep the premium.

The White Coat Investor

If I think TSLA will be a lot lower than it is today, then the put option allows you to sell 100 shares of TSLA at a certain price by a certain day. If TSLA goes to $300, then I could sell 100 shares of TSLA to someone at $600 even though the market value is $300. Great book for high income earning professional to read or listen to.

More Physician Millionaires

Yep, solo 401 and roth IRA are the only instances where it would make sense to have GBTC and ETHE. It is a speculative trade in a single entity with a hopeful, but certainly unsure, future. In a speculative trade it’s usually better not to buy into a big run up, as a trader. But hey, if it goes straight up from here and your plan is buy and hold for a couple decades, now’s a great time to buy. Bitcoin is not a tree, where the default and natural direction is growth over time. Nor is it an index fund, where holdings will be added and subtracted to favor or almost ensure growth as the default over time.

Great advice, and options are a great way to make income on stocks you are holding anyways for the long term. Selling options is the smart Hantec Markets Broker Overview way to go for retail investors. Selling a covered call means that I have 100 shares of something and selling a call option to someone.

So my reasoning to do this is that I’m a fan of TSLA but know it’s volatile. Selling options on it provides steady premium in return for capping my gains which kinda smooths out the craziness. this capped my TSLA gains in return for the premium I was given. Since the contracts I sold ended up in the itm I managed them by buying them back at a loss but immediately selling another contract that was even higher and a later expiration for a slight credit.

or if you had a feeling that once the printer went brrr the market would recover buy some calls to leverage on the way back up. Using options can help reach/protect your investment goals.

The White Coat Investor

He developed an interest in personal finance and investing as a resident after being taken advantage of by several unscrupulous financial professionals. In 2008, he wrote Chapter 4, Individual Retirement Arrangements, in The Bogleheads Guide to Retirement. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won’t find in other financial books. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won’t find in other financial books. The thing that Random1 talked about happened to me during the covid crash.

White Coat Investor Podcast

Meaning that I made an extra 4.7% return on my share value in a month. trader You are selling long term calls on regular/high volatility stuff then.

  • So that’s a 20% roi on something I didn’t believe would happen and if it did, I’d be happy to buy at.
  • You are selling long term calls on regular/high volatility stuff then.
  • so in my Roth IRA I set aside $40k and sold a $400 put a year out.
  • the strike I’m forced to sell all my TSLA at is above my fatfi number so I’m ok losing my shares at that price.
  • Then with the $8k I could do whatever I wanted with it .
  • The $40k stays as cash as a promise to buy the 100 shares if it got that low or lower in a year.

Our guest in this episode is Dr. Dike Drummond who we have written about before. He has spent the last 20 years coaching and training physicians on the prevention and recovery from burnout. In this interview we discuss the causes of physician burnout, depression vs burnout, symptoms of burnout, and how to recover from it. If you are feeling burned out and looking for a cure, start with this episode and it will help you identify the next steps. Dr. Dahle has found the light at the end of the long, dark tunnel of medical training.

These people could’ve just done the above to keep their initial investment/portfolio but provide protection/some gains as the market went down. Options can be purchased or sold if any regular brokerage. You have have to apply for the ability to buy and sell them. There’s different levels for each broker and depending on your experience you’ll get approved for the least dangerous options first. If you made it this far, I urge anyone to read the disclaimer again as even doing things this way has potential drawbacks. But it’s definitely a way to provide income/extra money in the market.

James M. Dahle, MD, FACEP grew up in Alaska before attending school in Utah and residency at the University of Arizona. He spent four years in the US Air Force, practicing medicine on four different https://forexbitcoin.info/ continents. Now he is a practicing emergency physician in the Salt Lake City area who has been a Boglehead since long before the transition from the Morningstar Vanguard Diehards forum.

Intro To Options

The only time MFS might benefit from tax alone is when you have low but disparate incomes when one would have an income-related tax deduction, for instance medical bills (only deductible over 10% of AGI). If the incomes are too high, though, they are exposed more to the higher brackets resulting in a higher tax bill. In addition to the higher bracket exposure, there are more downsides to MFS like being ineligible for several credits and deductions, and being unable to make direct Roth IRA contributions . Pick a large cap stable company you want to own, sell a cash-secured put at the price you want to buy it.

The White Coat Investor

The principles he espouses are neither complicated nor risky, but the process of becoming wealthy as a physician is by no means automatic. I MFS’d for 3 years, one for medical bills and two for the MFS-PAYE-PSLF stack. Once my wife’s income was high enough no longer to have a PFH, we switched to MFJ. Spent an add’l $2K on taxes over that time and saved probably $10K on loan payments on a loan that’s being forgiven anyway. Be aware that if she weren’t doing forgiveness, I’d still be on the hook and basically would have just paid extra taxes while letting interest accrue. If you need lower payments just for cash flow alone, there are bigger problems afoot.

“Very rarely are there situations where MFJ works out because you lose deductions and typically gain nothing from the tax code .” The return in 2015 was likely from them withholding too much , whereas your 2016 amount owed corresponds to what should have been withheld. Look at total tax, not what you’re getting back or owe.

Financial Planning For Children With Special Needs

Only limitation is relatively short battery life for each charge. There are some major perks to investing in short-term rentals–even over traditional long-term rentals.

Even if you’re a TSLA bear, I doubt anyone thinks TSLA will go below $200 in 6 weeks. On the other end of the spectrum, the $1200 call option with the same expiration of 2/19/2021 is going for $530.

The White Coat Investor

His writing helps doctors avoid the mistakes he made and get a “fair shake” on Wall Street. James M. Dahle, MD, when not out skiing, mountain biking, or rock climbing with his wife and four children, practices emergency medicine in suburban Utah. In 2011, he started The White Coat Investor, now the most widely read, physician-specific personal finance and investing blog in the world, with nearly 400,000 page views per month. His writing helps doctors avoid the mistakes he made and get a “fair shake” on Wall Street.

Personally I’m still learning as I go, so if anyone else wants to correct me, please feel free so I can learn too. about half of the words read are “dash” when he’s reading hyperlinks, most of which are on the blog anyway. also, the book is geared toward the resident, leaving anyone who is not in their 20’s a bit regretful.

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Now it’s every two weeks, no matter if it’s clean or not. I will do more often if there is an excessive dirt moment from a trip or something. Partner has a jeep wrangler and keeps the top off, it’s been off for over a year now, so I always have to wash it for him at home, so I maybe wash that one every month or so. The interior gets DIRTY with dust just sitting in the parking garage at work. Our neighbors have a mobile detailer come was all 4 of their cars every Saturday, which seems excessive to me.

Plain talk and sound advice has already saved me from being taken advantage of. Small complaint, but my wife is also listening to this book and had to rage-quit when the URLs were being read. The Bogleheads are back – with retirement planning advice for those who need it! Fortunately, the Bogleheads, a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, are here to help.

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