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Welcome to spring – the skies are blue, the sun is shining, the birds are chirping, flowers blooming, property prices still booming, stock market seeing no limits – life is wonderful! But do we have to pay a price for this good fortune?
Last Tuesday I rang my on-line broker - who shall remain nameless – as their on-line trading was jammed – but so also was their phone service. I guess this is not surprising given the vast number of investors opening up new accounts – and margin lending accounts.
Getting started in US options is not such a daunting task if taken one step at a time and your plan is executed with patience. For the purpose of this article I will assume that you are at least reasonably knowledgeable on options even if not greatly experienced and that you have undertaken a course in options.
Day One snorkelling around the Whitsundays put paid to any honest intentions I had of doing some serious “markets” research!
Most Australians have a need to accumulate wealth for retirement. Surveys indicate that generally few people truly understand how much capital is required to retire in a life style to which they have been accustomed.