I am not a registered financial professional and your risk is your own. Invest at your own peril.

A lot to talk about today, so let’s jump right into it: first, the results. I managed to log a total gain of around $3000 between both accounts. I don’t usually report my gold and silver holdings, but the past week was noticeable for it, as well. In total, I accrued nearly $2000 in appreciation on those holdings.

Brokerage:

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Roth:

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Metals:

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An auspicious week of trading and gains, to be sure. How did we get there? Primarily, I opened cash-secured puts on $HOOD almost every morning over the five trading days. The stock was nice enough to dip within the first hour of opening over four of those mornings. I was only committing around 33 percent of my accounts to trades each time, so loss was mitigated at the fore, and—as I’ve written before—I’m very tired of owning no shares of my favorite stock. This allows me to be a little more bold when selling these contracts. I’ve also started selling them 2-3 weeks out rather than same-week expiry. There’s more meat on the bone, and if the stock price does go south, I get some extra buffer in a higher premium. I think it’s worth the cost of slightly reduced Theta decay.

But good timing isn’t the only reason we outperformed this week:

https://x.com/KobeissiLetter/status/1959279096292053363

The Federal Reserve appears to be set to cut interest rates in September, abandoning their previous fiscal framework that aimed to cap inflation at 2 percent. In fact, they’re cutting interest rates into economic strength, which doesn’t make much sense if you’re someone who believes austerity is a necessary evil for the future of America’s well-being. That said, I think employment is quickly becoming a concern, and it looks like the Federal Reserve has decided that half of their mandate is more weighty than inflation. In short, corporations and asset holders win this round. The rote data says that the last place you’re going to want to be is in dollars over the next 12 months. The rich get richer.