Beta Trial Announcement
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 email@example.com.
Thank you for being a reader.
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.
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.