Consolidating CORE Positions.
From Greg M
Lions, right now I am spread out in several positions for which I am going to eventually trim down to just four CORE holdings.
These four, listed below, will be core- long term holds- collecting dividends along the way and adding to the positions moving forward.
I will of course from time to time buy other positions as well, but I intend to hold these four LONG TERM… meaning many years.
With the positions listed below, I also intend to sell puts/set up credit spreads moving forward on each of them.
I would STRONGLY suggest you learning how to set up credit spreads and sell options, instead of buying them.
As most of you know, 90% of the time or better, I am a NET SELLER of options- I like to collect premium.
JPM
DVN
HPE
MO
Off-topic:
Maybe I’m the last to know this, but check this out. The metal value of half dollars, quarters, and dimes before 1965 are worth $9.12, $4.62, and $1.85 respectively. ALL nickles: $0.10. Pennies ’82 and earlier: $0.03. No wonder they stopped giving out change in 2020. I’m going through the big coin bucket in my husband’s closet!! https://www.usacoinbook.com/coin-melt-values/
What about BAC and GS? I am still down on my positions. You made a big point about these being long term hold positions. Should I sell as soon as I am not selling at a loss? Please advice.