≈ Do you have a plan for both? ≈
In recent days, I have had conversations with a few trader’s who have started to build plans for their retirement accounts and trading accounts. A trading account is treated differently by most than a retirement account. In trading accounts, it is common to create plans and portfolio designs around directional trading, day trading, cash flow trading and volatility trading using options, stocks, futures and/or forex. In retirement accounts, it is more common to use simpler strategies and set expectations for a longer time frame.
Do you have both a trading account and a retirement account? If so, great! If not, you might want to consider setting them up, and separating them both strategically and physically. Building independent plans for your accounts is not necessary for all people. But, for many, it helps to put them in different ‘boxes’ so that you can treat them properly and build trading plans that fit the goals for each account.
In retirement accounts, for example, it is common to use tactics like cash secured puts, covered calls, investments in stocks with or without dividends (dividends can add some cash flow over time) and build a portfolio design that includes commodities, and metals (like gold).
If you have two accounts, take some time to examine how you are approaching them, and identify any needed portfolio design tweaks or clarification for the accounts. It’s easier to make decisions in your accounts when you have a clear plan in place.
Chart of the Day
Weekly Performance of the markets
On the week, many commodities have fared well, including Natural Gas and Crude Oil. For the major Indices, the Russell 2000 currently has a +6.53% gain, while the Nasdaq +3.53%, S&P 500 +3.41% and DJIA +2.94% are also sporting nice gains.
Video of the day
Options 201: Portfolio Design
Watch this tutorial from Coach Tim on the basics of Portfolio Design.
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Cashflow Club REPLAY
Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
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