Month: September 2011

How To Trade the CNBC Million Dollar Portfolio Challenge (Part 2)

In the last post titled How to Trade the CNBC Million Dollar Challenge (Part 1), I discussed how to use leveraged ETFs to trade the market volatility.  I discussed using two ETFs that track the S&P 500 but are levered to return twice (200%) of the daily performance.  The first ETF is Proshares Ultra S&P …

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How To Trade the CNBC Million Dollar Portfolio Challenge (Part 1)

What would you do if you had a million dollars?  Would you buy something?  Invest it?  Give it away?  All aspiring millionaires can register to try their hand at managing a $1 million “CNBC Bucks” stock & currency portfolio for the chance to win the grand prize of $1 million in CNBC’s fourth annual “Million …

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Jeremy Grantham’s Take on Economic Growth

Widely watched investor Jeremy Grantham has turned decidedly negative in his portfolio recommendations and remains disenchanted with U.S. economic leadership. In his newly released quarterly letter to investors, asset manager GMO’s chief investment strategist has revisited his attention-getting early 2009 letter predicting “seven lean years.” At that time Grantham forecast 2% average annual GDP growth, …

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Covered Call Recommendation on Berkshire Hathaway B Shares

Covered Call Recommendation on Berkshire Hathaway B (BRK.B) trading at $72.09 Strategy: Look to sell one October 2011 72.5 call for wach 100 shares of Berkshire Hathaway (BRK.B).  The net debit will be $69.89 (72.09-2.20) for an assigned return of 3.73% in 24 days or 56.8% annualized. Research Notes:  This is the first time Berkshire …

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Get Rich Investments Still in Top Percentile of CNBC Million Dollar Portfolio Challenge

How is my portfolio strategy going so far?  GetRichInvestments is holding steady in the 99.73 percentile as of today – see graph below.  This means that I am still in line to contend for one of the great prizes in the coming weeks.  I am happy to have my portfolio in this position.  Maybe this will quiet …

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Covered Call Recommendation on Humana (HUM)

Covered Call Recommendation on Humana (HUM) STRATEGY: Look at the October 2011 80 covered call.  For each 100 shares of Humana (HUM) stock you buy, sell one October 2011 80 covered call option for a 75.89 (78.19 – 2.30) debit or better.  This is potentially a 5.42% assigned return. The ex-date is 9/26/2011 for a $0,25 dividend per share …

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