How many of you are true Bogleheads?

boglehead philosophy is phenomenal if you want consistent 6-10% annual returns.

If you want a shot at more, you've gotta find it on your own.

I've personally always been a buy and reinvest dividends type for the last 15 years. Recently I've been reading more and more about more aggressive strategies and I've found selling weekly puts can generate .5%-1% a week on stocks I would've bought anyways if it expires worthless and if I'm put the shares I'd get them at a price I liked anyways.

The more you think you know about investing, the less you really know, I've been around this stuff for a long time and I think boglehead philosophy is great if you want a hands off, peace of mind approach. There's no chance your investment goes to zero and it's easy to add funds monthly without paying commissions.

If you want to get rich following the boglehead way it is going to be mostly via your new cash deposits

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I follow the bogle philosophy except I don't believe in indexing and only indexing. I use index and managed funds, plus individual stocks.

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and ETF's (if you are referring to mutual funds above that is)

ok well basically a put is a contract for 100 shares. Through trial and error I've learned to sell them on down days bc the price of the put goes up.

So take Phillip Morris my favorite stock. It's at $89+ as of friday, let's say you sold the $87.50 July 20 put for .63 like I did last week, it's now worth .47 and the closer we get to july 20 and the further away from $87.50 the price of the put will go down and hopefully expire worthless and you keep .63 per share in 1.5 weeks.

Now, time decay is on your side, I had 2 days, saturday and sunday, where the market was closed but the value of my put will increase bc I just knocked 2 of the 7 days before the put expires off and now we have 5 days of market trading before the put expiration is due.

Essentially the share would have to fall $2 to $87.50 before I would be forced to buy the stock at which point I would be buying it for $87.50 minus $.63/share so my final price would be $86.87 which I feel is a superb price.

Let me give an example on a big scale.If you trade 10 contract, 1000 shares, you would have made $630 in a week which doesn't sound like much when you're risking $87,500 you make just under 1% for the week.....imagine that kind of ROI week after week for trying to buy a stock below it's current price?

I don't advocate this strategy unless you have a high risk tolerance, and a high cash balance but I asked around for help here a few weeks ago and gave it a whirl on a long term put but then realized the short term week to week puts was where the real big bucks are at. The long term ones are like 40% ROI in 2 years which is awesome, the weekly ones are anywhere from .5%-2% a week depending on how risky you wanna go.

Just saying there are so many different investing strategies out there and if you love it, and you enjoy finance, do some research you will thank yourself later. I've had some great success in the past month selling puts and it's only my first month. Essentially if a stock goes up or sideways you win, hell you win even if drops a little in some circumstances.....vs buying the shares out right, the shares must go up to profit. All this in a short term period, hell you can sell weekly puts on wednesday and have 2 days before they expire to mitigate risk.

If you expect phillip morris earnings to be $5.57/yr + $3.40/yr dividend that's right around $9/year. If I sell weekly puts at may .60/share for 52 weeks you would make $30/yr, 300% difference. You could be more aggressive and sell at the money puts that are over $1/share/week.Of course that's if every option contract expires worthless which won't happen but you get an idea of what I'm saying. Worst case you get put the shares for below today's price and you can hold and sell later....

When did I say it was like CD's or Treasuries? I'm just saying that with such low returns, the bulk of your assets will come via new deposits bc the dividends aren't really that big and there will be many years where the market is down and with dividends so low you won't really pick up a bigger chunk via dividends so new cash will be a big thing in the long run.

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Drips would make most sense in a ROTH since your dividends are taxed correct?

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Theoretically yeah, but there's no reason not to do it in a taxable account unless you don't have the cash on hand to pay the taxes.

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I agree.

If you can't generate 500 dollars, it creates commisions without much return. I use it when I like a stock long term and would buy it at a lower price anyway.

Congrats man, I was happy abt my dividend payment yesterday too, your next div payment will be much higher, new 3/4 of a share plus div increase in sept

one of you may know.

I currently have indexes through Vanguard. If I want to do a DRIP(looking at CVX), 1. Can I do it through them 2. Can you add to an IRA through different providers (say etrade or something like that as well as the Vanguard account I already have)