It's a privilege to write this blog for a devoted niche audience, and I truly appreciate every kind word that comes my way.
The frustrating part for me is being unable to have my message heard by a much wider audience of investors. I consider my job to be the dissemination of information. Once that is done, then each reader can accept or reject any or all of my suggestions/opinions. Or better yet, readers can voice an opinion by making a comment at the end of any blog post:
Each of you already knows that options can be used to reduce risk, and understand just how useful options can be in serving a dual purpose:
- Protecting your assets
- Increasing your chances of having a profitable trade
I've reached the point where I recognize there is no use beating my head against a brick wall. There is simply no way (that I can see) to reach the millions of investors who can benefit from tearing themselves away from stockbrokers who churn accounts and whose commissions are far too high.
Also beyond my reach are people who depend on financial planners and advisors. Those are the professionals who, in many (but not all) cases collect fees for investment ideas that are many decades old. Although the investment ideas are not 'terrible,' they are far less useful than investors deserve.
I plan to preach far less frequently about my frustrations with all those financial professionals. I get it. They earn their living by selling what they know to their clients. There is zero incentive for them to do any better, learn anything new, or even admit to the possibility that there are risk-reducing investment alternatives that can truly make life better for their clients. They want their fees first, last and always. I cannot change that.
The new year (but, please: it's not a new decade) is about to begin and I hope to post articles that both interest and educate an audience of experienced option traders, option rookies, and option traders of the future.
I hope each of you had a wonderful Christmas, Kwanzaa, or Chanukkah.