Archives

Beta Trial Announcement

By Amber Lee Mason, Managing Director, Bonner & Partners on February 13, 2015

Dear Beta Tester,

A few months back, we started an experiment…

We invited readers to try looking at investing in a different way. We introduced the idea of the “Endless Income Wheel.” And we asked you to help us beta test the idea – for free – as part of a new service, Legacy Income Trader.

We’ve had a lot of success. We locked in 2.9% in just 10 days on shares of Abbvie. We’ve collected three rounds of income on BP for a return of 9.5% in just 104 days. And our three open puts look like they’ll close for annualized gains of 10.5%, 17.3% and 11.7%.That’s five winners against our single losing position (a 16.3% loss on Freeport-McMoRan).

Unfortunately, we’ve found we can’t make Legacy Income Trader a viable business.

We’ll continue to track the positions that are already in the LIT portfolio… We’ll continue to send you company news and details on option expiration. (You’ll find our latest update below.) But when our last position expires, we’ll close the service.

We’re reluctant to shut down publications under the Bonner & Partners banner. But our commitment to the long-term health of the business means we have to make difficult decisions from time to time.

We’re grateful for your participation in this experiment. And we appreciate all the positive feedback we received. We’ll revisit the Legacy Income Trader idea if conditions warrant… And we’ll make sure you’re among the first to hear about it.

If you have any questions, you can contact Customer Service at 800-681-1765 or feedback@members.bonnerandpartners.com.

Thank you for being a reader.

Regards,

Amber Lee Mason

Managing Director, Bonner & Partners

A Winner Set to Close Next Week

After the close of the market next Friday, we’ll know the definitive fate of our open put position on IBM. Right now we’re holding IBM February $150 puts originally recommended mid-December.

Since our recommendation, shares haven’t even dipped below our strike price of $150.

021315 LIT IBM

With a cushion of $10 and just seven days left, we’re unlikely to be put shares.

This means we locked in $2.72 just for holding the cash to cover the purchase in our trading account. In just 63 days we received 1.8%. Annualized that’s 10.5%, a lot more than you’d get letting that money just sit in your bank account.

Action to take: Hold open positions. These contracts expire next week.

©  Bonner & Partners, 55 NE 5th Avenue Suite 100, Delray Beach, FL 33483, USA. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher.

Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation – we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated and there is no obligation to update any such information.

Investments recommended in our publications should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. You shouldn't make any financial decision based solely on what you read here. 

Bonner & Partners writers and publications do not take compensation in any form for covering those securities or commodities.

Bonner & Partners expressly forbids its writers from owning or having a financial interest in any security that they recommend to their readers. Furthermore, all other employees and agents of Bonner & Partners and its affiliate companies must wait 24 hours before following an initial recommendation published on the Internet, or 72 hours after a printed publication is mailed.