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Rating:  Summary: Excellent Investment Strategy Review: "Covered Call Writing with Exchange Traded Funds" is an excellent book to help you get started using covered call writing as an investment strategy. It is easy to read, straightforward, and comprehensive. The book provides all the information necessary to utilize your capital to earn higher returns than the current martket otherwise provides. The program Mr. Kadavy describes has the multiple advantages of providing downside protection in a flat or declining market like we have experienced in 2001 & 2002, while still giving you the potential to earn double digit returns. I have been writing covered calls for about 8 months and it has been more sucessful than anything else I have done in the stock market in the last 5 years. Using ETF's gives you a broad diversification which mitigates risk in the equities market. The decision to invest in the stock market is one each of us must make for ourselves. But if you decide to be in the market, covered call writing, done properly, reduces risk and increases returns. Mr Kadavy's book prepares you to do it right.
Rating:  Summary: A MOST TIMELY AND PROFITABLE BOOK Review: I am new to covered call writing, but have found this book to be my solution to the stock market doldrums. I liquidated my poorly performing mutual funds and have purchased ETFs with the help of the information provided in this book. I then started writing covered calls on them. So far my results easily substantiate the book's claim that double-digit returns are there to be had using this strategy. For the first time in several years I have some hope of recovering my losses. A real side benefit for me is that the income I get from covered call writing is tax free. I'm using my past mutual fund losses to offset the nice gains I'm realizing from writing covered calls! I'd highly recommend this book to anyone, but particularly smaller investors who can't get broad divesification through individual stock ownership. The strategy is also excellent for those who have losses. As in my case, you should be able to use those past losses to offset the gains from your call writing so that no taxes have to be paid.
Rating:  Summary: very basic covered call information Review: If you have never written a covered call of any kind this work might be helpfull to you. If on the other hand you have experience with type of investment then this booklet covers only the most basic covered call information, it has nothing new and nothing that is specific to ETF's. As an experienced call writer I was very diappointed in the content of this booklet.
Rating:  Summary: Revolutionary strategy coupled with clear, concise tactics Review: The thoughts discussed in this book are nothing short of revolutionary in terms of investment strategy and expected return implications. This book was obviously written by a practitioner who really "gets it". Mr. Kadavy explains his arguments and tactics in a very easy to understand manner -- much thanks for the cutting-edge piece which will certainly change many investors' portfolio strategies and returns!
Rating:  Summary: Revolutionary strategy coupled with clear, concise tactics Review: The thoughts discussed in this book are nothing short of revolutionary in terms of investment strategy and expected return implications. This book was obviously written by a practitioner who really "gets it". Mr. Kadavy explains his arguments and tactics in a very easy to understand manner -- much thanks for the cutting-edge piece which will certainly change many investors' portfolio strategies and returns!
Rating:  Summary: THIS BOOK IS AHEAD OF ITS TIME Review: The use of Exchange Traded Funds is rapidly replacing mutual funds as the investment of choice for stock investors. Yet, even so, with the long-term prospect of stock prices growing much more slowly than in the past, new ideas are needed to achieve acceptable returns. "Covered Call Writing With Exchange Traded Funds (ETFs)" offers a turnkey solution for double-digit investment results. Its "how to" program provides what in my view is an optimum situation...diversification through the use of ETFs and increased returns through covered call writing. Since covered call writing can't be done on mutual funds, ETFs are becoming the logical choice for investors because of this and for many other reasons described in the book. The ability to write covered calls on ETFs just adds frosting to the cake. As investors experience only slow growth in their stock portfolios over the coming years, as I believe they will, this book, and a similar book for individual stocks, "Covered Call Writing Demystified," should find a growing audience.
Rating:  Summary: OUTSTANDING FOR NEW CALL WRITERS Review: This book was written for investors that are new to covered call writing and want the diversification they can get from ETFs. I just wanted to throw my two cents worth in, because the reviewer who said the book wasn't of any value because he's an expert call writer obviously missed the point. The description of the book clearly states that it is for those of us who are new to this. Didn't he bother to take time to read the book description? I might agree that if you are really an "expert" at this already, you probably don't need this book. But a real expert would have read the book description to see if it made any sense for him to buy it. All I can say is that I'm very glad I bought two of Kadavy's books about covered call writing (also bought "Covered Call Writing Demystified"). For those of us who bought all of the wrong stocks during the bubble and watched them go down, the combination of buying diversified ETFs and writing covered calls on them should be good for solid returns way into the future. This book will tell you what it is all about and how to do it too in a way that you can understand and work for yourself without some broker churning your account.
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