This is my first sale out of our long term holdings of Brk B Shares.
Congratulations!

Our average cost base is $81.68.
Even more congratulations!


"A guy's gotta eat!" or something like that.
Sounds like you'll eat well.

I too eat from my portfolio. But, per my personality, I always overcomplicate things.
I just sold some June $385 call options for $14.56.
There are two possible outcomes:

(a) The stock price rises a lot, the option gets exercised, and I end up having sold some stock at the net benefit of $399.56 per B share. ($385 that the option buyer pays me, and the $14.56 I already collected). Though the stock could push higher for a while and I might miss an opportunity to do even better, I'm confident that even by June that will be a pretty good exit price, so I'm happy with that.

(b) Or I get to keep the $14.56. That's a "bonus" 9.5%/year rate of return on my stock, and it's cash I can then spend: a bit like an occasional dividend. This makes senses only when the stock valuation is getting decently high, so it's a rare treat.

Jim

Berkshire Hathaway FAQ

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