Subject: Re: What’s the better value rn, brk or qqqe?
I think I currently have my highest ever cash allocation, as a percentage of portfolio value.
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Why don't you write cash secured puts for Berkshire?
At the moment the price at which I hope to buy back Berkshire is a fair bit enough below the current stock price. Consequently the options in question don't offer a very meaningful rate of return.
True, it doesn't have to be that meaningful. It would be in addition to what I'm earning on the cash. But cash has that lovely advantage of being so flexible. If Berkshire tanks by 15%, maybe something else wonderful will tank by 50% the same day--it would be good to be a buyer of Berkshire that day, but a shame to find yourself limited to only that specific pick.
Jim