27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Key Findings
- Semi-Retirees: 56 percent of survey participants indicated that they are planning for semi-retirement, while 22 percent stated that they have already experienced semi-retirement.
- Semi-Retirement Includes: Of the 56 percent who indicated that they foresee a period of semi-retirement in their future, 54 percent of those stated that they simply want to decrease their hours working, not change their careers entirely.
- Retirement Aspirations: Anticipated pastimes for future retirees include spending more time with loved ones (coming in at 55 percent), more frequent vacations (45 percent) and extensive traveling (38 percent).
- Other Retirement Aspirations: In addition to the most frequently cited anticipated pastimes, picking up a hobby (34 percent) was a frequent choice for those survey participants under 45, as was starting a business (25 percent).
- Money Allocation: 21 percent of those younger than 45 indicated that they were more inclined to spend their savings than passing on their accumulated wealth, "let[ting] the next generation create its own wealth."
- Future Inheritances: 74 percent of participants expect to leave an inheritance for their descendants, although only 32 percent stated that they received one from their parents.
- Current Spending: 78 percent of pre-retirees in the survey claimed that they already provide financial support for at least one person in addition to themselves.
'You Can't Take It With You'
In analyzing accumulated wealth allocation sentiments, the study illustrated that while opinions are mixed regarding what should happen to retirement funds, the sentiments are not globally universal. "Attitudes vary around the world. More than a quarter of working age people in Hong Kong (28 percent), Canada (27 percent), the UK (26 percent) and Australia (26 percent) agree that it is better to spend all your money than save it for your children."In contrast, the survey showed that "a similar proportion of working age people in Indonesia (28 percent) believe the opposite – that you should save as much as possible to pass on to the next generation – followed by Taiwan (18 percent), Malaysia (15 percent), the UAD (15 percent) and Mexico (15 percent)."Regardless of geography, however, 74 percent anticipate leaving some form of inheritance to their children. Image Credit: Public Domain27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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