In my experience you first need to create an investment plan that lays out your goals i.e. growth or income or what ever. Decide your risk tolerance and then work with your advisor to create the plan that is best for you. This seems to be a traders market as far as stocks go. i have been having sucess selling OTM puts on etf's like QQQ and SPY collecting the premiums and staying in mostly cash. If I get a put contract assigned to me I start selling OTM covered calls or even ITM covered calls if I can make a quick dime or two. I sometimes do a debit or credit spread to limited the risk and generate some income on a case by case basis. I agree index funds are a little safer than blue chips as you don't need to worry about a banckruptcy or some unseen event wiping out 100% of your investment. I have been using the above strategy for the last two years and earning between 10 and 12% on my money the last two years
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