No. of Recommendations: 2
This is a terrible idea, off the charts, terrible. Over the years Ive had several friends go very broke doing silly sh$t. This is a top three way to go broke.
Heh.
Reminds me of a post written long ago by an Aussie known as roguetraderette.[*]
" "The Three Worst Investment Strategies Ever"
#2 Writing Puts: The problem with this strategy is that you make a few bucks that you get to keep if you’re right, but you lose your home if you’re wrong. Pretty crap deal, if you ask me. Selling puts for income is the worst strategy ever – you get a pittance every month, and take massive risk to do so. Added to that, the only way to effectively manage that risk is to spend some of that pittance on protection. Awesome."
This should not be on the Brk board, porn is more appropriate. Unreal.
I think as lot of the discussions going around on the BRK board is because Berkshire Hathaway investing is about as exciting as watching paint dry.
-----------------------------
[*] She eventually went broke and stopped posting. She primarily concentrated on trying to make income with options & futures.
