The Blue Collar Investor WeBlog

In a filing with the SEC last week, Citigroup said it is considering a reverse stock split as part of its effort to convert preferred shares (take priority over common shares on earnings and assets in the event of liquidation) to common shares.
What is a reverse stock split?:
It is a reduction in the number of [...]

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President Obama has brought to the forefront the issue of taxes as a major part of his economic stimulus package. With that in mind, I thought it appropriate to discuss some of the tax issues that face covered call writers. First and foremost, let me state the obvious: I am not a tax expert. However, I [...]

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Last year I wrote an article summarizing comments Warren Buffett made in a rare 3-hour interview with Becky Quick on CNBCs Squawk Box. Your response was overwhelmingly positive.  When I got word that Buffett was once again appearing in the same venue, I prepared a pen and pad and started taking notes. Then I summarized the key [...]

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A few weeks ago I wrote an article entitled, Selecting the Best Strike Price. Since then I have received several emails asking for more information as to why I sell I-T-M strikes and the rationale behind my thoughts. I fully understand your concern about this issue since historically Out-Of-The-Money strikes have been the most popular.
Before [...]

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Would you like to earn $50 in 50 seconds? Why not learn how to play the bid-ask spread?
Blue Collar Investors throughout the world are always looking for ways to generate additional profits into our portfolios. This includes the use of some of the more esoteric maneuvers that may produce small returns of $40, $50 or [...]

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