I went to college right out of high school. My parents helped me with school (but I also held a part time job each semester) but on one condition, I was told I’d never be allowed to live with them after high school. It was school or get a job if I found college wasn’t for me. I had tons of friends who “needed” to move back in with their parents in their mid 20’s for an extended time.
You are just the exception-for everything.
Can't believe how many people still want their kids at home.
Wife is part of a facebook group called "grown and flown" For those who are successful in getting them out of the house. [Reply]
I'm a millennial myself. My dad is one of those hardass parents. A couple months after I turned 18 he told me I needed to look for my own place. Due to some unexpected circumstances in his own life, he allowed me to stay for another year (while paying him rent).
I moved out at 19 and never looked back. I was making $7.25/hr, going to school full time without financial aid, living in a major metro area. Shit was rough.
I wonder now what kind of parent I'll be when the time comes. My dad was cold but I can't deny that being forced into taking the leap probably made me a stronger/more responsible person. [Reply]
I wonder now what kind of parent I'll be when the time comes. My dad was cold but I can't deny that being forced into taking the leap probably made me a stronger/more responsible person.
Wheel Strategy Article that I found helpful. I have sold puts and covered calls in similar but not exact fashion. I like the theory behind this technique and I may run with it for value stocks I may like owning anyway.
Originally Posted by :
The Wheel Strategy is a systematic and very powerful way to sell covered calls as part of a long-term trading strategy.
The process starts with a selling a cash secured put. The investor also needs to be willing, and have the funds available to purchase 200 shares.
After selling the initial put, the put either expires or is assigned. If it expires, they keep the premium and start again if they are still bullish on the stock, or they move on to another stock. If they are assigned, they take ownership of 100 shares.
At this point they sell a call to turn it into a covered call and they also sell a new put.
From here, if the stock goes up through your call, you are assigned and the stock is called away leaving you flat. As the stock went up, your sold put expires worthless.
If the stock goes down, you are assigned on the second put, and you now have your full allocation of 200 shares. As the stock went down, the call expires worthless.
Now that you own 200 shares, you sell two calls.
If the stock goes up through the calls, the stock is called away and your position is flat again.
Through the process you have collected 5 option premiums, plus any dividends while holding the shares, plus potentially some capital gains, depending at which strikes you sold the calls and puts.
If the stock continues down, you can continue to sell 2 covered calls each month.
This process is best explained in the following diagram:
Originally Posted by ThaVirus:
I'm a millennial myself. My dad is one of those hardass parents. A couple months after I turned 18 he told me I needed to look for my own place. Due to some unexpected circumstances in his own life, he allowed me to stay for another year (while paying him rent).
I moved out at 19 and never looked back. I was making $7.25/hr, going to school full time without financial aid, living in a major metro area. Shit was rough.
I wonder now what kind of parent I'll be when the time comes. My dad was cold but I can't deny that being forced into taking the leap probably made me a stronger/more responsible person.
Rough? That was considered 100% normal back in the 70`s and 80`s when me and my brothers got out of school. Same with most of everybody we knew. We were glad and wanting to do it because we wanted independence so badly. We also were first in line at the DMV on our 16th birthdays. Different times but loved them. [Reply]
Originally Posted by jdubya:
Rough? That was considered 100% normal back in the 70`s and 80`s when me and my brothers got out of school. Same with most of everybody we knew. We were glad and wanting to do it because we wanted independence so badly. We also were first in line at the DMV on our 16th birthdays. Different times but loved them.
In the 70s you could support your wife and two kids off of your salary at the factory fresh out of high school with no degree.
Originally Posted by ThaVirus:
In the 70s you could support your wife and two kids off of your salary at the factory fresh out of high school with no degree.
Different times indeed.
It is expensive to live indeed. But too many cannot understand spend less than you make. [Reply]
Originally Posted by ThaVirus:
In the 70s you could support your wife and two kids off of your salary at the factory fresh out of high school with no degree.
Originally Posted by displacedinMN:
next year we will be empty nesters. Unless the oldest has to live with us until she gets a job. She will have to pay rent.
