A.I.M. Users Bulletin Board

[SFSecurity]

Hi Firebird, As president of the BoD of a small credit union (less than $10 million) I deal with this issue all the time. The prior manager/CEO didn't look closely enough at the money we had stashed away in CDs so our average was only about 1.65-1.75% for the better ones and as little as 1.25% for much of the money we had sitting around and sometimes as low as 0.75%. Typically they had a 3 year lifespan.

Working with the new manager/CEO I've been able to get our income up to 3.00-3.125% for the new CDs as the old ones come to the end of their life.

Compared with BND with an average income of $2.04/year on an average price of $81.43 over the last 5 years, or 2.51%/year with a price range +/- roughly 5%, compared with RAVI at an average return of 1.18% over the last five year, but much less volatility, only about 0.1% price range.

Then there is FMB that trades commission free (sort of) at TD Ameritrade that roughly matches BND with a price range about +/-5% over the last 5 years and gets about 2.47% interest rate.

What I'd like to find is a position that gets roughly the same return as MORL and FMB but has options so when I have a bit of extra cash I could sell a PUT to get it assigned at a lower price. then I would also sell a CALL or two to earn more money sitting on the idle money while waiting for a BUY signal on AIM positions.

Suggestions, anyone?