Difference between revisions of "User:Giuseppe4165"

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Latest revision as of 11:21, 25 April 2019

Sometimes it helps people understand the feeling better if I put it like this: Imagine a young boy who is super into trucks and cars and playing in the mud. Then imagine that every time his parents take him out in public, they parade him around in a pink frilly dress with a parasol. The humiliation he feel is exactly the same humiliation I felt having to wear plain shorts and a T shirt.

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iPhone x case I believe you will have a happier, more successful, fulfilled life if you keep those doors of opportunity open. The way to do that is to stay motivated, keep your goals in sight, focus on what is important, and to work hard. It won't be easy, but I promise you, it will be well worth the effort.iPhone x case

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iPhone x case 2 pairs of concerned eyes followed by silence. My pelvic exam was followed by very opposite words: blood, concerned, inflammation, more guaze swabs. And just like that the dominos fell and I lost control. Compared to the equity ETFs I have been covering, this is on the expensive side. I wouldn't be comfortable paying an expense ratio this high, but every investor has a different tolerance level. The growth of this fund has more than made up for a small yield if an investor had a long term investment approach.Risk profileLet's take a look at how volatile this fund has been.Since the inception of the fund on October 26, 2005, there has been total returns of 239.8% compared to SPY's returns of 152.9%.iPhone x case

iPhone x case That's fairly rare: Only about 20% of the securities that pass both of Portfolio Armor's initial two screens can be hedged this way, and the ones that pass it tend to have returns 37% higher than the ones that don't. So AGO's potential return got boosted by 37% in the "w/AHP" column.Adding Downside Protection To AGO Let's assume you're long 1,000 shares of AGO and are unwilling to risk a decline greater than 20% over the next several months. Here are two ways of hedging it (screen captures below are via the next version of the Portfolio Armor iPhone app).Uncapped Upside, Positive CostAs of Monday's close, these were the optimal puts to hedge 1,000 shares of AGO against a >20% decline by late October.As you can see above, the cost here was $960, or 2.67%, calculated conservatively, using the ask price of the puts.Capped Upside, Negative CostIf you were willing to cap your upside at 11%, this was the optimal collar to hedge against the same >20% decline over the same time frame.The main difference with this hedge is that the cost of the put leg was more than offset by the income of $1,110, or 3.09% of position value, generated from selling the call leg (calculated conservatively, at the bid).So the net cost was negative, meaning you would have collected a net credit of $130 when opening this hedge, assuming you placed both trades at the worst ends of their respective spreads.Wrapping Up Based on the 1.5% potential return Portfolio Armor calculates for AGO now, I wouldn't want to own it here, but the results of the AHP test suggest options market participants were sanguine about its downside risk as of Monday's close iPhone x case..
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