A Surprise Dividend from “SPY “


November 23, 2012

Throughout my working ( W2 ) career, I was always  nagged by the  idea that I had given short shrift to an enjoyable and valuable source of information….The New York Times.

I was very aware and respectful of people who could spend almost an entire Sunday luxuriating  their way through one section after another.  I was certain the result was a superior ability to assimilate, categorize , recall  and articulate what was read and understood.  Unfortunately for me, time has always been precious currency , and the time it took to assimilate the Times was tuition I could not afford.

Weekdays, I didn’t come close to completing the paper despite a two hour plus Amtrak/ Chappaqua/ Grand Central round trip commute.  And,  after I moved my business from Manhattan to Somers with a Katonah / Bedford Hills commute by car, I barely had time to finish the Sports section before leaving Dunkin Donuts for work.

Once I retired, I was in a rush to fill the business time void and to compensate the loss of my extra wide  parking space, by focusing on the big question…could a retired private person such as I make a  ongoing living from financial markets.  Bottom line….I was the person George Bush had in mind when he pushed for privatizing Social Security.

But guess what !….despite a BA in Economics, an advanced degree in International Business and five years of very expensive training by Citibank for an overseas banking career, I still lost more than $500,000 during my first several years of trading despite giving a wide berth to speculative equities and ideas.  I’m convinced Wall Street is behind the idea of privatised Social Security in its quest for fresh blood.  To be very  kind, you would need to hope the Republican Party is innocently  playing  into Wall Street’s hands.

But, all this is behind me.  My ” learnin ” is over and I still have sufficient capital to use to make a huge difference in my future life.  I am absolutely  imbued with an awareness that I am ” of ” the financial market. .  I don’t feel trapped between low interest rates and inflation. I have found my niche and I feel serenely calm and optimistic.

This is what ” SPY ” and related mechanics have given me.  If someone with $1,000,000 can make $45,000 in five months of working with ” SPY ” with very little trading and still collect a 2% cash dividend while Treasuries are priced to perfection. Well, that is a path I want to follow.

And, if you can add lots of free time to the equation, then SPY is also yielding a precious time dividend that allows its recipient  to be defined as a capitalist.  And, that time  benefit includes a leisurely reading  the NY Times every day.

Richard Maurice Gore









One Response to “A Surprise Dividend from “SPY “”

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