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re: Anybody cashing out when Dow hits 30K?

Posted on 11/25/20 at 12:18 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 11/25/20 at 12:18 pm to
quote:

Iowa Golfer? He's around. And I'm pretty sure he preaches options as bottom side insurance for his investments. Which is nowhere near cashing out at an arbitrary number.


He was an insurance guy, right? Owned an agency or something? I liked talking to him. Had some interesting ideas when it came to derivatives. But I haven’t seen him around in ages.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
9914 posts
Posted on 11/25/20 at 2:27 pm to
Thank you,

IowaGolfer that guy had some of the best advice around. I poke around here but I'm not a pink-sheet day trader and this forum has changed drastically in the last five years.

I just asked a question here, one I overheard during a meeting by a group of investors.

It took my by surprise by the two members who were having a sidebar discussion and yes they are both mature marketeer fellows.

It seemed odd and yes I have asked it here and with my Edward Jones manager.

Some of these responses seem juivinale and act like anything I saw can influence the market.

I started my portfolio in 1975 with 22 shares of Southern Company common stock.

I worked all summer on my grandparents farm and that's how I was paid at the end when I went back home to attend school again.

Best thing that ever happened to me.



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