Two of the best purchases I’ve made: 1) purchasing one fee to competition CFA prep from Mark (when it first came out), and 2) purchasing Mark’s applied series when it first came out. Haven’t regretted a single second of either decision! Thanks Mark
Mark, what are your thoughts on intangible assets as an explanation for why US has outperformed and why the P/E ratio of the SPX is less relevant today than historically? There’s a podcast episode on ‘Excess Returns’ which has some interesting ideas/research on quantitatively using intangible assets as means of explaining many divergences of value stocks/emerging markets/ small caps etc. from how you’d expect them to perform
First! Dr. Meldrum, thank you so very kindly for continuing to produce such regular and informative content. There's nothing I like better on a Sunday than kicking back, researching stocks, and listening to your video with a coffee. Kudos to another year of market monitoring and maneuvering!
Hi Dr Meldrum. One of the arguments I have heard recently in favour of US small caps is that they tend to derive more revenue from within the US and the strong dollar benefits companies with more domestic revenue exposure and this will improve the earnings situation going forward. Seems a bit naive/contradictory to me, because it might be true that more revenue is from inside the US and costs for imports or other COGS could be lower for these companies, but debt repayments would be higher due to elevated capital market rates and small caps have more floating rate and other types of less favorable debt arrangements, making them more sensitive to the higher rates.
More than just a prep provider, Mark is a Sensei of finance. I'll get the applied level once I m done with the CFA 3 but I already know it's worth every penny. Just the free content gives very good guidance on what to look for !
Mark, could you create a longer-form video exploring the merits of active vs. passive investing and why you lean towards active? I'd especially appreciate your perspective on career implications. Do you see future opportunities for active management being confined to niche strategies like EM or small caps? And with the ongoing trend of active outflows and passive inflows, how do you view the career risk in active management?
Dr Mark: Please help with the calculation. From CME Treasury Analytics. DV01 on CTD for ZBH5 (March Contracts) is 122.15. 20/30 Year yield end of 01/06/2025 was 4.91 and 4.85%. My question, If lets say both yield rise by another 100 BPS, roughly the loss on 1 ZB Contract will be 100*122.15 = 12,215? Understand every tick is 31.25 but struggling to calculate how much a tick change per BPS change in 20/30 Year Yield
Duration hurts big time, do you see an end coming to it anytime soon? If I am not wrong heard someone on Bloomberg saying 5.25% target for the 2 Year.... can a 30 year go up another 100 BPS without breaking anything?
I'm not after a CFA or continued CFA education but appreciate your content. I wish you had a low priced offering for those interested in your opinions on economic outlook and potential plays. Let me plant that seed in your mind if you happen to read this.
Hi Mark, could you please explain/walk-through the implications of the term premium in the treasury curve again in Layman's terms? Isn't there always going to be some level term premium as you go out the curve due to maturity, even if the curve is inverted due to inflation/GDP expectations? Also, could you walk through the Chatham 1-mon & 3-mon SOFR calculation again?
Hi Dr Mark... I've been testing out the allocation factory in IBKR with the SPY, but the max amount they gave me is 350,000 CAD which isn't a lot to use for this strategy... I've been making it so far by buying puts after two weeks at a lower strike than my short puts ( they were 30 DTE when I sold them) to free up some of the margin, but IBKR still had to close one short because I didn't have enough margin after one of the short puts got exercised.. My question is, with that in mind, is it better to close some puts after they reached 50% of the premium, or is it better to try and let them expire and risk getting called without the proper margin? It was mentioned in the taking gains and losses video but I wasn't sure if it applies with this strategy.. It could free up a lot of margin though.
Could you elaborate on what you mean by permissioned and permissionless? Also what do you mean when you say permissioned you don't need a native currency? What is the current native currency of the block chain?
An article by McKinsey and Company published in December 2010 argues that analysts overestimate earnings by 10-12 percent on average. If we assume this is true for forward earnings on the S&P 500 and adjust forward earnings estimates downward to account for overestimation, the forward P/E on the market would be even higher and thus even more expensive than it is currently. What are your thoughts on the accuracy of forward earnings estimates for the S&P?
Doc Mark, I'm not clear on the applied level pricing. Website says $440 does not include new positions (red x mark vs green check mark). In some QA answer you said it is included. So which is it?
Quick question - if you were to buy the stock sell an atm call, and buy an atm put (fully hedging the value of the stock purchased, to receive the risk free rate - roughly 5.1% using the Jan 2026 options) on interactive brokers would there be any additional margin requirements in the case of extreme movement of the stock? Or would the only capital needed be that to purchase the stock less the option premiums collected.
How do I make sense of all the data that is provided in the video? are there any other videos that I could follow to understand the metrics listed? (example - EPS -ve guidance, and PES +ve guidance etc)
What are your thoughts on selling LEAP options as a high income earner? I pay 50% marginal short term rate but only 23% on long term gains so the lower premium is kind of offset by lower taxes, and provides more time to be right. I am interest in TSLA naked call LEAPS if we hit 440+ again because you can get $100+ a share for the ATM LEAPS and I would not mind being short after a 540 break even. Thoughts?
Few issues with this. LEAPs time value decays very slowly. The closer to expiration you get the faster it decays, particularly the last 10-15 days. So you won’t get higher income, typically shorted dates options would give you a much faster decay and therefore higher income if you roll them. And to the taxes, all income from options is short term capital gains, even though it’s a long term option you would not get long term capital gains rates
To add, shorter term options also end up with higher gamma risk as you get closer to exploration, the last week is pretty volatile, I believe 30-60 days are a good balance of income and vol, I think professional traders usually close/roll when there is about 7 days to expiration
Thank you Mark for the amazing content! How do we navigate or manage the risk during earnings season? Sometimes even if there is a positive surprise markets go the opposite way and sometimes as anticipated, how do we manage our positions in that case
If I were doing a financial model for a gold miner would set the discount rate in real terms? I figure that since the models revenues are derived in real terms (ounces of gold produced) I should set the discount rate in real terms
A question regarding the overvaluation and inevitable price correction of mostly US stock: How much of an impact can we consider for EU stocks? Are EU stocks also overvalued to insanity or are they priced justly or even undervalued given that EU has little to no companies that are in the darling tech and AI segments US currently occupies and these stocks largely drive most of (arguably unsustainable) index gains? Or are we in the "too big to fail" zone and no significant corrections can be expected?
Hi Mark, can you please suggest any alternatives to TLT that could be traded by a European investors? I tried looking for some but the vast difference between the returns with other seemingly similar ETFs is throwing me off. At the moment I am invested in the 25year US Strips myself but I am wondering if there is any better way to gain an exposure similar to TLT
I have seen a chart of ten-year government bond yields of Switzerland and Germany and for the first time in history the yield for Germany is about two percentage points higher than the one for Switzerland. How can or should one interpret this big difference, considering that those yields were very similar from 2015 to mid 2022?
Thoughts on the Chinese bond situation? Their 10 year yield is lower than 08 and their yields have also slipped below Japan’s. Seems as though China is in the middle of an 08 esq collapse at the moment. $18 trillion worth of property value is gone since 2021
Dear Mark, I would be grateful if you could please advise on the following. No job experience as an Analyst except personal investing experience for a little over 1 year. I have been away from the workforce due to MVA injuries for 3-4 years and passed CFA Level 2. I am finding it hard to get my foot in the door. I am trying to pick a sector/industry to start preparing my research reports to accompany job applications. I am in Australia but expect to move to the USA in 2-3 years. Do you have any recommendations/advice in general for job search and sector/industry selection? I am inclined to materials/mining because of AU, but it’s insignificant in the USA. Thank you so much.
Question related to last week's outlook: How were you seeing the term premium build up between the three-month rate and two-year rate (both 4.31)? Isn't the term premium equal to the long rate minus the short rate, which makes it 0?
Hi Mark, What do you think about this new phase after AI-quantum computing? It feels like AI is old news, and quantum computing is the next big thing. For example, Rigetti shot up over 1,800% last year and started strong in 2025. I know your thoughts on IWM, but how do you view this sector and its valuations? For PMs with flexible mandates and cash to deploy, it seems like avoiding these small-cap stocks could mean underperforming the market again and again. Curious to hear your thoughts!
Last year you mentioned that you believe the Australian dollar or Australian miners would be an interesting play with the potential upcoming commodity supercycle and its proximity to India. The aussie has weakened recently, however, they are still yet to begin their rate cutting cycle (unemployment still very low at 4.1%), so it is holding up okay compared to other currencies. Interested to hear your thoughts on this play
Why not just buy a TSLA put? I feel like sometimes you close positions early when they are showing red in your portfolio, but maybe if you just commit to buying a put and accept that you may loss that amount, your psychology may be different? Not sure, just a suggestion
is it once or twice in a decade type of opportunity to enter long duration ? missed to buy during 2020 crash of stock market don’t want to do the mistake for bonds 😂
Can you tell us to which extent should one deep dive into the world of coding , meaning where should one stop learning and start mastering? For eg : I want my coding journey to be very consistent with finance only and only want to learn which would be helpful in my finance journey ( i aspire to be a portfolio manager in a hedge fund) For now i have planned out this pathway for me i want your opinion and maybe add comments to it if you can. My roadmap - Learn python basics Master data science and analysis - would be helpful in my analyst stage Then go for ML/deep learning - for maybe to get a grasp of quant investing Do i need to incorporate more or other disciplines of coding? Or any general advice you could add for me would help ! (PS : I'm 20 rn and pursuing my accounting degree then planning on cfa)
Sir... MARA started lending their btc to 3rd parties to get yield on it, expecting in long term can pay for operating costs with that yield.. check news.
How would Canadian apartment REITs be affected by a Pierre led Conservative government? The Conservative’s proposed housing Act would require major cities to increase the number of homes built by 15%, compounded annually. Failing to meet this goal would result in a proportionate withholding of Federal funds. The *promised* Conservative policies combined with a backdrop of lower immigration are negative to REITs, but good for young Canadians 😅
Nvidia new laptops use AI for helping graphic power and frame generation. They can now package what would be a big gpu into a laptop. Seems to be a tangible case for AI providing some revenue potential albeit it’s not a large part of Nvidia as business (selling laptop to gamers)
"Stopping the EV mandate" is exactly what it means. No legislation to REQUIRE electric. Regulatory credits will likely stick around, especially if Musk has anything to say about it.
Dr Meldrum, 2 vital questions for 2025: Question 1. Can you please show us how to invest (revised & execute) in USD-denominated sovereign bonds on Interactive Brokers? We learn how to price it throughout the CFA journey but when I check on IB I get nervous fearing that I am missing something. For example: I see Brazil sovereign bonds 3-month offering 13% Yield and it looks like an amazing opportunity as despite the noisy fiscal Brazil is a strong macro position ($350bn in foreign reserves, record tax collection, 95% of its debt is domestically held by pensioners, near investment grade status, etc) Question 2: With USD 50K available to invest. How would you go about deciding if it's better to buy $150K of SPY (using IB leverage) or buy good LEAPs expiring in 2026? When choosing LEAPS - prioritise delta? or go simpler? We know the answer to some of them but there are just so many methods out there that we get overwhelmed with choosing one. You're the best!
That’s not exactly how it works. 1 call is essentially the right to buy 100 shares but you have to pay for that right and it wouldn’t typically be a steal. It’ll have a delta, which is the value for the gains of an equivalent amount of shares. It’s not a free lunch is what I’m sayin g
@@NoShirtNoShoesNoSense I was lazy with my words, the basics of Options are quite clear. My question is more on which leverage strategy is better, LEAPs or the 2-3x buying power on IB (costing 6% per year)
Aside from the damage that would do to the US dollar and capital markets. That would cause WW3 (the US against the rest of the world), Japan, china, and the UK respectively hold the largest share of US dept
Can you explain your CAP reit (car.un) investment and why you're repeating what you did in summer? Why do you think it will increase again from 42 to 55-ish?
so if we do simple calculation. real gdp growth + inflation = we get nomial yields around 5.4% so a higher yield makes sense. or is it that the FED CUT projection. that lower rates.or long run run growth of 1.5+2.5= 4% yields. long run growth. and on future growth. Im watching I in gdp vs real yields. for signs of recession and growth. watching nominal gdp and income for stock market direction. FED Policy and Monetary policy. how do i watch M2 and where do i find trump policy like future (G) - (t) fiscal policy right. look for increase/decrease Qtr/Qtr. and forex what would you say watch most inflation and Fed policy, fed talk
Two of the best purchases I’ve made: 1) purchasing one fee to competition CFA prep from Mark (when it first came out), and 2) purchasing Mark’s applied series when it first came out. Haven’t regretted a single second of either decision! Thanks Mark
Dont have time to trade and I haven't looked at a single of his open position videos in the applied series. It's still massively worth it. Thx Mark.
totally worth it! Mark knows how to treat loyalty. (Inflection point was when he released the Kaplan vid 😂😂)
How do his new and open positions videos work for new applied level subscribers?
The cfa prep was kind of disappointing though cuz mark only did like 2 chapters…. I failed because of that 😂
Mark, what are your thoughts on intangible assets as an explanation for why US has outperformed and why the P/E ratio of the SPX is less relevant today than historically? There’s a podcast episode on ‘Excess Returns’ which has some interesting ideas/research on quantitatively using intangible assets as means of explaining many divergences of value stocks/emerging markets/ small caps etc. from how you’d expect them to perform
Which podcast?
First! Dr. Meldrum, thank you so very kindly for continuing to produce such regular and informative content. There's nothing I like better on a Sunday than kicking back, researching stocks, and listening to your video with a coffee. Kudos to another year of market monitoring and maneuvering!
Has your view on AGNC changed? Do you still think the reduction in spread could provide price appreciation in the next few months?
Hi Dr Meldrum. One of the arguments I have heard recently in favour of US small caps is that they tend to derive more revenue from within the US and the strong dollar benefits companies with more domestic revenue exposure and this will improve the earnings situation going forward. Seems a bit naive/contradictory to me, because it might be true that more revenue is from inside the US and costs for imports or other COGS could be lower for these companies, but debt repayments would be higher due to elevated capital market rates and small caps have more floating rate and other types of less favorable debt arrangements, making them more sensitive to the higher rates.
More than just a prep provider, Mark is a Sensei of finance. I'll get the applied level once I m done with the CFA 3 but I already know it's worth every penny. Just the free content gives very good guidance on what to look for !
Mark, could you create a longer-form video exploring the merits of active vs. passive investing and why you lean towards active? I'd especially appreciate your perspective on career implications. Do you see future opportunities for active management being confined to niche strategies like EM or small caps? And with the ongoing trend of active outflows and passive inflows, how do you view the career risk in active management?
Small cap rebound?
Dr Mark: Please help with the calculation. From CME Treasury Analytics. DV01 on CTD for ZBH5 (March Contracts) is 122.15. 20/30 Year yield end of 01/06/2025 was 4.91 and 4.85%. My question, If lets say both yield rise by another 100 BPS, roughly the loss on 1 ZB Contract will be 100*122.15 = 12,215? Understand every tick is 31.25 but struggling to calculate how much a tick change per BPS change in 20/30 Year Yield
Do we have free will? And how would this relate to our ability to grow, especially in the investing space?
Duration hurts big time, do you see an end coming to it anytime soon? If I am not wrong heard someone on Bloomberg saying 5.25% target for the 2 Year.... can a 30 year go up another 100 BPS without breaking anything?
I'm not after a CFA or continued CFA education but appreciate your content. I wish you had a low priced offering for those interested in your opinions on economic outlook and potential plays. Let me plant that seed in your mind if you happen to read this.
Hi Mark, could you please explain/walk-through the implications of the term premium in the treasury curve again in Layman's terms? Isn't there always going to be some level term premium as you go out the curve due to maturity, even if the curve is inverted due to inflation/GDP expectations? Also, could you walk through the Chatham 1-mon & 3-mon SOFR calculation again?
Hi Dr Mark... I've been testing out the allocation factory in IBKR with the SPY, but the max amount they gave me is 350,000 CAD which isn't a lot to use for this strategy... I've been making it so far by buying puts after two weeks at a lower strike than my short puts ( they were 30 DTE when I sold them) to free up some of the margin, but IBKR still had to close one short because I didn't have enough margin after one of the short puts got exercised..
My question is, with that in mind, is it better to close some puts after they reached 50% of the premium, or is it better to try and let them expire and risk getting called without the proper margin? It was mentioned in the taking gains and losses video but I wasn't sure if it applies with this strategy.. It could free up a lot of margin though.
Could you elaborate on what you mean by permissioned and permissionless? Also what do you mean when you say permissioned you don't need a native currency? What is the current native currency of the block chain?
An article by McKinsey and Company published in December 2010 argues that analysts overestimate earnings by 10-12 percent on average. If we assume this is true for forward earnings on the S&P 500 and adjust forward earnings estimates downward to account for overestimation, the forward P/E on the market would be even higher and thus even more expensive than it is currently. What are your thoughts on the accuracy of forward earnings estimates for the S&P?
Doc Mark, I'm not clear on the applied level pricing. Website says $440 does not include new positions (red x mark vs green check mark).
In some QA answer you said it is included. So which is it?
Quick question - if you were to buy the stock sell an atm call, and buy an atm put (fully hedging the value of the stock purchased, to receive the risk free rate - roughly 5.1% using the Jan 2026 options) on interactive brokers would there be any additional margin requirements in the case of extreme movement of the stock? Or would the only capital needed be that to purchase the stock less the option premiums collected.
The call is covered by the shares and the put is bought with cash so there would be no margin requirement unless you bought on margin
Enjoy hearing your insights. Thanks and subscribed!
what would be a great area to focus on assuming there is interest for someone looking to do research in finance.
How do I make sense of all the data that is provided in the video? are there any other videos that I could follow to understand the metrics listed? (example - EPS -ve guidance, and PES +ve guidance etc)
There’s a guide to the market outlook on his channel
What are your thoughts on selling LEAP options as a high income earner? I pay 50% marginal short term rate but only 23% on long term gains so the lower premium is kind of offset by lower taxes, and provides more time to be right.
I am interest in TSLA naked call LEAPS if we hit 440+ again because you can get $100+ a share for the ATM LEAPS and I would not mind being short after a 540 break even. Thoughts?
Few issues with this. LEAPs time value decays very slowly. The closer to expiration you get the faster it decays, particularly the last 10-15 days. So you won’t get higher income, typically shorted dates options would give you a much faster decay and therefore higher income if you roll them. And to the taxes, all income from options is short term capital gains, even though it’s a long term option you would not get long term capital gains rates
To add, shorter term options also end up with higher gamma risk as you get closer to exploration, the last week is pretty volatile, I believe 30-60 days are a good balance of income and vol, I think professional traders usually close/roll when there is about 7 days to expiration
Thank you Mark for the amazing content! How do we navigate or manage the risk during earnings season? Sometimes even if there is a positive surprise markets go the opposite way and sometimes as anticipated, how do we manage our positions in that case
If I were doing a financial model for a gold miner would set the discount rate in real terms? I figure that since the models revenues are derived in real terms (ounces of gold produced) I should set the discount rate in real terms
A question regarding the overvaluation and inevitable price correction of mostly US stock:
How much of an impact can we consider for EU stocks? Are EU stocks also overvalued to insanity or are they priced justly or even undervalued given that EU has little to no companies that are in the darling tech and AI segments US currently occupies and these stocks largely drive most of (arguably unsustainable) index gains?
Or are we in the "too big to fail" zone and no significant corrections can be expected?
Thank you Professor - could please explain how tariffs strengthen USD?
Hi Dr Mark,do you think PP stands a chance of turning Canada around or not? Tks
Hi Mark, can you please suggest any alternatives to TLT that could be traded by a European investors? I tried looking for some but the vast difference between the returns with other seemingly similar ETFs is throwing me off. At the moment I am invested in the 25year US Strips myself but I am wondering if there is any better way to gain an exposure similar to TLT
Can you elaborate on how commodity prices will go up if the USD weakens said commodities would go up to be unchanged in other currencies. Thanks!
9:51 to survive
I have seen a chart of ten-year government bond yields of Switzerland and Germany and for the first time in history the yield for Germany is about two percentage points higher than the one for Switzerland. How can or should one interpret this big difference, considering that those yields were very similar from 2015 to mid 2022?
Thoughts on the Chinese bond situation? Their 10 year yield is lower than 08 and their yields have also slipped below Japan’s. Seems as though China is in the middle of an 08 esq collapse at the moment. $18 trillion worth of property value is gone since 2021
Struggling a bit with employee based compensation l2. Richie does a great job at explaining but still a bit tricky for me, any advice please. Thanks
Dear Mark,
I would be grateful if you could please advise on the following.
No job experience as an Analyst except personal investing experience for a little over 1 year. I have been away from the workforce due to MVA injuries for 3-4 years and passed CFA Level 2. I am finding it hard to get my foot in the door. I am trying to pick a sector/industry to start preparing my research reports to accompany job applications. I am in Australia but expect to move to the USA in 2-3 years.
Do you have any recommendations/advice in general for job search and sector/industry selection? I am inclined to materials/mining because of AU, but it’s insignificant in the USA.
Thank you so much.
Question related to last week's outlook: How were you seeing the term premium build up between the three-month rate and two-year rate (both 4.31)? Isn't the term premium equal to the long rate minus the short rate, which makes it 0?
Hi Mark,
What do you think about this new phase after AI-quantum computing? It feels like AI is old news, and quantum computing is the next big thing.
For example, Rigetti shot up over 1,800% last year and started strong in 2025. I know your thoughts on IWM, but how do you view this sector and its valuations?
For PMs with flexible mandates and cash to deploy, it seems like avoiding these small-cap stocks could mean underperforming the market again and again. Curious to hear your thoughts!
SmartCentres REIT has a high payout ratio. Would this put the dividend in jeopardy? Or their tenant type mitigates it.
Last year you mentioned that you believe the Australian dollar or Australian miners would be an interesting play with the potential upcoming commodity supercycle and its proximity to India. The aussie has weakened recently, however, they are still yet to begin their rate cutting cycle (unemployment still very low at 4.1%), so it is holding up okay compared to other currencies. Interested to hear your thoughts on this play
Why not just buy a TSLA put? I feel like sometimes you close positions early when they are showing red in your portfolio, but maybe if you just commit to buying a put and accept that you may loss that amount, your psychology may be different? Not sure, just a suggestion
is it once or twice in a decade type of opportunity to enter long duration ? missed to buy during 2020 crash of stock market don’t want to do the mistake for bonds 😂
Anything about AI agents? Looks promising and might drive equities in 2025 also (I mean, in general also. Particular names will skyrocket for sure.)
Can you tell us to which extent should one deep dive into the world of coding , meaning where should one stop learning and start mastering?
For eg : I want my coding journey to be very consistent with finance only and only want to learn which would be helpful in my finance journey ( i aspire to be a portfolio manager in a hedge fund)
For now i have planned out this pathway for me i want your opinion and maybe add comments to it if you can.
My roadmap -
Learn python basics
Master data science and analysis - would be helpful in my analyst stage
Then go for ML/deep learning - for maybe to get a grasp of quant investing
Do i need to incorporate more or other disciplines of coding? Or any general advice you could add for me would help !
(PS : I'm 20 rn and pursuing my accounting degree then planning on cfa)
What are your thoughts on Stablecoins? Would you deem these another hoax (like Microstrategy that you have been talking about all along)?
The Nvidia keynote speech at CES tomorrow could make things interesting this week.
Sir... MARA started lending their btc to 3rd parties to get yield on it, expecting in long term can pay for operating costs with that yield.. check news.
How would Canadian apartment REITs be affected by a Pierre led Conservative government?
The Conservative’s proposed housing Act would require major cities to increase the number of homes built by 15%, compounded annually. Failing to meet this goal would result in a proportionate withholding of Federal funds.
The *promised* Conservative policies combined with a backdrop of lower immigration are negative to REITs, but good for young Canadians 😅
Nvidia new laptops use AI for helping graphic power and frame generation. They can now package what would be a big gpu into a laptop. Seems to be a tangible case for AI providing some revenue potential albeit it’s not a large part of Nvidia as business (selling laptop to gamers)
"Stopping the EV mandate" is exactly what it means. No legislation to REQUIRE electric. Regulatory credits will likely stick around, especially if Musk has anything to say about it.
Dr Meldrum, 2 vital questions for 2025:
Question 1. Can you please show us how to invest (revised & execute) in USD-denominated sovereign bonds on Interactive Brokers? We learn how to price it throughout the CFA journey but when I check on IB I get nervous fearing that I am missing something.
For example: I see Brazil sovereign bonds 3-month offering 13% Yield and it looks like an amazing opportunity as despite the noisy fiscal Brazil is a strong macro position ($350bn in foreign reserves, record tax collection, 95% of its debt is domestically held by pensioners, near investment grade status, etc)
Question 2: With USD 50K available to invest. How would you go about deciding if it's better to buy $150K of SPY (using IB leverage) or buy good LEAPs expiring in 2026? When choosing LEAPS - prioritise delta? or go simpler?
We know the answer to some of them but there are just so many methods out there that we get overwhelmed with choosing one.
You're the best!
Just buy the SPY, leaps will have a time decay, Albeit slow
@@NoShirtNoShoesNoSense but you can sell and/or exercise. The point of the LEAPs is to multiply your gains by 100
@@NoShirtNoShoesNoSense to be clear I mean the number of stocks 1 x 100 per call. Not actualy gains.
That’s not exactly how it works. 1 call is essentially the right to buy 100 shares but you have to pay for that right and it wouldn’t typically be a steal. It’ll have a delta, which is the value for the gains of an equivalent amount of shares. It’s not a free lunch is what I’m sayin g
@@NoShirtNoShoesNoSense I was lazy with my words, the basics of Options are quite clear. My question is more on which leverage strategy is better, LEAPs or the 2-3x buying power on IB (costing 6% per year)
watching this after hearing trudeau resigning
I was going to play Earning sthis week, but Im positioning for the Trump pump. I have a feeling his stock is going to sell off after the inauguration
How likely do you think it is, and to what extent are you concerned, that Trump might say he will NOT pay the U.S. debt? That would be Armageddon.
Aside from the damage that would do to the US dollar and capital markets. That would cause WW3 (the US against the rest of the world), Japan, china, and the UK respectively hold the largest share of US dept
Bitcoin nd DOGE
Can you explain your CAP reit (car.un) investment and why you're repeating what you did in summer? Why do you think it will increase again from 42 to 55-ish?
so if we do simple calculation. real gdp growth + inflation = we get nomial yields around 5.4% so a higher yield makes sense. or is it that the FED CUT projection. that lower rates.or long run run growth of 1.5+2.5= 4% yields. long run growth. and on future growth. Im watching I in gdp vs real yields. for signs of recession and growth. watching nominal gdp and income for stock market direction. FED Policy and Monetary policy. how do i watch M2 and where do i find trump policy like future (G) - (t) fiscal policy right. look for increase/decrease Qtr/Qtr. and forex what would you say watch most inflation and Fed policy, fed talk