Do you have any the data as to the longer term (and the longer the better) outcome of you personally doing this assuming it is a tax free operation? It would be quite fun to have this seen.


I posted on the the old MI board some trade history for one of my IRAs where I have been executing a similar strategy to what Jim suggests. If anyone is interested I can repost here if I can find it through DataHelper.

The quick summary is I purchased my first BRK position in that account on 1/16/2014 using all funds in the account to purchase BRK calls. Since that date I have owned a mix of BRK shares and calls the entire time putting on leverage when it looked attractive and pulling back on leverage when it seemed appropriate.

As of today my CAGR in that account is 23.7% at the closing bell for the weekend. I believe the S&P500 CAGR over the same period is about 9% plus dividends. I remain very pleased with the results and owe Jim a beverage of his choice should we cross paths (or maybe two tickets to Canada's Wonderland the next time he is on this side of the pond).

Jeff