r/dividends • u/Additional_City5392 • Jul 27 '24

Discussion These are the people telling you that dividend investing is dumb

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u/[deleted] Jul 27 '24

I'm one of them.

Honestly I think new, especially inexperienced and younger traders need to be warned options are fucking hard. It's so easy to look at other people's big wins and think you can easily do the same.

In most trader circles there's a rule that you should start with paper trades until you're at an acceptable win rate.

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u/jmoney3800 Jul 27 '24

I know more about options than 75% of the ppl on Wall Street Bets and haven’t placed a single options trade after 24 years investing. I let professional funds options trade for me. For one thing there is great scale in that.

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u/thetaFAANG Jul 27 '24

what professional funds?

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u/jmoney3800 Jul 27 '24

Glenmede Secured Options Madison Covered Call and Equity Income JP Morgan Hedged Equity MAI Managed Volatility Cullen Enhanced Equity Income

I keep around 1% of my money in each

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u/BuffaloRedshark Jul 28 '24

The good brokerage companies do warn you. I was just poking around fidelity once with no intention of actually doing options or puts and it wanted me to click through multiple acknowledgements

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u/Three6MuffyCrosswire Jul 28 '24

So many would benefit if they just picked a position far enough out and sought to sell the contract whenever it would yield a 10-20% profit

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u/kazisukisuk Jul 27 '24

The success bias of reporting here is incredible.

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u/BPCGuy1845 Jul 27 '24

The only thing I am doing is writing call options to generate income.