Subject: Re: Strategy - covered calls in retirement
Hi Jim

Shouldnt we also account for the growing prevalence of share buybacks?


"But dividends are about 1.5%/year right now, so in the sense that we have to consider the starting yield to estimate value generation, it might make more sense to expect S&P real value generation of something like 2.5% + 1.5% = 4.0%/year from here as a very rough guess."