I have been an investor for quite some time now, and I have been in the investing business on a professional level for a few years.
The years that I spent investing on my own, I gained very little actual insight into investing - it was kind of like tunnel vision.
Once I started as a stockbroker I began speaking to many clients on a daily basis, and I got to know them and their investing strategy.
I feel like in the past few years working professionally as a stockbroker, I have gained more experience than I would have ever gained as a personal investor.
So, I would like to share with you my experiences in trading stocks, and in particular my current investing strategy.
After swinging too many times for the home run I have decided to change my investing strategy.
I used to just throw money around like it was a game - just swinging away for the fences.
There is a lot of money that can be made by buying out of the money options close to expiration, but the odds are definitely not in your favor.
My new investing strategy is buy writes.
The odds off profiting from selling calls are on your side.
And this market is perfect for selling calls against a stock you own.
It's like free money that you can use to buy more stock and also lower your cost basis.
It is a strategy that is working very well for me right now.
You can be even more successful if you roll out your calls on the dips in the market - and in today's market it seems like you can do this at least once a week.
I am doing this with HOKU right now, and I am also long in GBE.
There are no options on GBE, but it's a great company with a nice dividend also.