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WAYNE WINQUIST

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RE: An Alternative View From a Seasoned Investor

Posted By WAYNE WINQUIST 12-26-2023 15:13
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I agree with many of the comments in this thread. I've learned to ignore the marketing noise from AAII as it only frustrates me. I also paid for a "lifetime" subscription only to realize later that it was their definition of a lifetime (and not my potential lifetime) and that they would start to try ...

RE: Lesson 3: What Are Your Goals?

Posted By WAYNE WINQUIST 11-21-2022 10:26
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
One of my goals was to build a portfolio that would give me sufficient income so that the dividend income would be sufficient to cover my RMDs when I reach age 72. Next year I will reach that milestone. Thankfully, I also changed my goal statement to make me focus on the investment behaviors that would ...

RE: Selecting and Managing Your Investments - Lesson 7

Posted By WAYNE WINQUIST 04-28-2022 11:18
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
A member sent me a message asking if I use delta for options trades. I responded, but I'm not certain that the message was sent. I could not add an image either. Therefore, here is the image that helps explain some of what I look at before doing a covered call options trade. I use "Probability Above" ...

RE: Selecting and Managing Your Investments - Lesson 7

Posted By WAYNE WINQUIST 04-27-2022 19:20
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Hi Anthony, I use options to add income primarily with the following three approaches. 1. I sell covered calls on positions that I think are fully valued. Rather than just sell the shares, I sell a covered call to receive immediate income. Then, if the position is called away, I take the proceeds and ...

RE: Selecting and Managing Your Investments - Lesson 7

Posted By WAYNE WINQUIST 04-23-2022 11:32
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I have my own set of rules for buying and selling investments. I don't think of stocks as "value" or "growth" so I don't use metrics associated with either of those styles. However, I am more of a value investor by holdings, than growth. I don't focus on value or growth styles because I don't see that ...

RE: Welcome to the PRISM Wealth-Building Process Academy

Posted By WAYNE WINQUIST 03-13-2022 07:18
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I am a retired information technology executive and got started investing in the old days when my broker had to enter trades. It was expensive and clumsy. During my working years, when I left an employer, I always rolled my 401(k) into my Fidelity Investments IRA or ROTH, depending on the nature of the ...

RE: Step 2 - Lesson 1: Recognizing Your Risk Tolerance and Allocation

Posted By WAYNE WINQUIST 02-14-2022 08:30
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
How have your reacted to past stock market corrections and bear markets? I have a long-term perspective, so I don't react to market corrections or bear markets based on the herd mentality or the short-term views of the masses. I stayed invested and liked being able to use dividends to increase my positions ...

RE: Lesson 4: The Key Components of Goals

Posted By WAYNE WINQUIST 02-10-2022 10:40
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Defining your goals: Our primary goal is to give as much as we can to both charities and family. Our intention is to increase the percentage we give every year. The secondary goal is to avoid selling assets to meet the RMD payout when I reach age 72 next year. Estimating when it will be reached: We ...

RE: Lesson 1: Prioritizing Your Goals

Posted By WAYNE WINQUIST 02-07-2022 16:36
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Goals My wife and I have goals that aren't focused on buying stuff or travel. We have so much income that those can easily be covered with very little effort on my part. For example, we recently took our oldest granddaughter to Hawaii for two weeks to celebrate her upcoming graduation from high school. ...

RE: Identifying Your Investment Management Preferences: Lesson 2

Posted By WAYNE WINQUIST 02-07-2022 16:25
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What types of investment accounts do you have? I manage traditional IRA, ROTH IRA, and brokerage accounts for me and my wife. We have a total of six accounts. I also manage six UTMA accounts for our six grandchildren. How do you think this will impact your overall investment management preferences? ...