Does anyone sell covered calls? I took a few classes in it a while back and have done it a few times, but want to get back into it. It seems to work best in a bull market, and my feeling is there is going to be a correction in 2018. I'd like to identify a technique for a bear market. I was told selling puts can be effective in those times, but I'd have to research that.

Looking for some suggestions. I do some covered call writing in an on line account but have most of my money with a full service broker in ETF's for many years.

Spring or Summer of 2019 I will need to liquidate it all to make a film. (risky I know but there are significant tax incentives/rebates) I'm worried about a potential downturn, which could impact having the money I need for the budget.

I know there are protective puts but my understanding is that they are more for short term, as the premiums are significant.

I'm wondering if I should sell the ETFs soon - should I have the full service broker sell them, or should I have them transferred into my discount on line broker and sell them myself to save fees and have more control of what I sell and when.

Rai thanks for the reply. The investment will more than offset the gains. Plus it wasn't in a 401k so I've been paying taxes on the churn all along.

Does anyone else have a family member Who has to agree as far as financial market decisions?

My brother has to agree before anything in a family trust that is professionally managed can be changed.

I have been trying to get my brother to agree to go to a mostly cash position for over a month now! Literally at the top of the market. I had emailed a lens manufacturer in China who told me all the factories were shut down. I knew that In and of itself would have significant implications. I had the (same) financial advisor liquidate all my own positions about 10 weeks ago, even though I was advised not to, as I needed the money for a feature film I’m creating.... Talk about risk! That is now on hold and I have lots of cash to invest myself at the right time. Just wish I was sophisticated enough to do options likes straddles, strangles, etc. to really benefit from volatility. I know how to sell covered calls from stocks suggested on Bluecollarinvestor but that’s about it.

Every few days since the The first decline, I tried to get my brother on board with going to cash in the much larger family trust, to no avail. A conference call with the financial advisor yielded the same talking points that convinced my brother I was wrong. “The market has priced in the future poor earnings already, you’ll miss the rebound, oil pricing will resolve itself, gov’t stimulus, You should be buying right now! etc”.

All the same con as far as I’m concerned... anything to stop you from going to cash which means they don’t earn their percentage.

I warned every friend over a month ago to readjust their 401K and not a single person listened.

I’m not planning a very sophisticated buying strategy- probably just cost average some index funds, but a friend who works for Pruden$ial said they have a very healthy dividend (which I think 10% right now). and they did not decline much in 2008 since they mostly lend conservatively to solid companies.

I have a new technical indicator for the market..... Tracking the prices of JJPOTC..... Lol