Thank You!

Happy Memorial Day!  Thank you for your service and sacrifice.

“Be strong and courageous. Do not be afraid or terrified because of them, for the Lord your God goes with you; he will never leave you nor forsake you.” ~ Deuteronomy 31:6

A Letter to My Know-It-All Younger Self.

At the ripe age of 22 I launched my career in the financial services industry and was set to become a master of the universe.   I first worked for a major bank and then a leading Wall Street firm.  After thirty years in the industry I now realize I didn’t know everything during my early days in the industry.   As I reflect on my career, here are a few things I wish I’d have done in my early twenties.

Save more.  I wish I had deposited money in a savings account or money market fund for emergencies or opportunities.  My savings account would’ve allowed me to stay out of debt and avoid hefty credit card charges.

Contribute More.   My 401(k) plan was Greek to me and I had no idea what my options were.  Even though I was in the industry I didn’t know what I was doing with my money.  My employer and colleagues couldn’t or wouldn’t give me advice for one reason or another.  I wish I’d maxed out my retirement contribution and invested 100% of my money in stocks.

Invest more.   I should’ve set up a monthly investment account to invest in stocks.  One of my first meetings with a prospect was a friend of mine.   In 1990 I recommended he invest $50 per month in the Investment Company of America mutual fund (AIVSX).    A $50 monthly investment into this fund from 1990 until today is now worth $62,100.  He didn’t invest because he was afraid of stocks and I didn’t do it because I didn’t have any money.

Spend less.  A dollar here and a dollar there and pretty soon we’re talking about real money.  While working I’d spend $5 for breakfast and $10 for lunch.  $15 might not sound like much but at the end of the year it’s $3,600!   Investing $3,600 per year at 7% will grow to $340,000 over thirty years.

Charge less.  Credit card use is easy to start and hard to stop.  As a young buck, I’d spend money I didn’t have and this put me in debt.  The interest rate on my credit card debt was more than 20%.  If you pay the minimum payment on your credit card balance, you will never pay it off – never!

Learn more.  A basic understanding of finance is necessary for survival.  Understanding cash flows, debt payments and the time value of money are critical to your long term financial success.   Take a class, read a book, watch a video or talk to an advisor about financial literacy.

Give more.  I didn’t have any money when I started my finance career.  Despite my lack of wealth, I could always find someone with less money.   My first job was in downtown San Diego and since I didn’t have any money I parked a long way from the office.  I passed several homeless people on my walk to and from the office.  I had zero and they had less than zero.   I wish I dug deep in my young pockets to help those in need.

Eat better.  Habits start early so focus on eating well.  Your body is a temple and should be treated with respect.   Eating well will allow your body to age gracefully.

Run more.  Not really.  I ran all the time and I don’t think I could’ve logged any more miles than I did in my youth.

Don’t let anyone look down on you because you are young, but set an example for the believers in speech, in conduct, in love, in faith and in purity. ~ 1 Timothy 4:12.

Bill Parrott is the President and CEO of Parrott Wealth Management and is a fan of the youth movement. For more information on financial planning and investment management, please visit

May 25, 2017





A Better Alternative?

Alternative investments, in theory, are designed to rise if your traditional stock and bond portfolio falls.  These investments are supposed to zig when your stocks zag.  An alternative investment is considered anything other than a traditional investment like a stock or bond and come in many forms like real estate investment trusts, gold ETFs, or managed futures.  Publicly traded alternative investments are an affordable way to give your portfolio hedging exposure.

As an alternative to publicly traded alternatives consider owning physical property instead.  Owning physical assets will give you the opportunity for growth and a hedge.  You’ll also get to use them as well.  If you’re considering investing a chunk of your wealth into alternatives, consider the following investments.

Vacation Home.  A vacation home can become a valuable asset for you and your family.   Your vacation home will give you growth with an inflation hedge.  Of course, it all depends where your second home is located.  A second home in Laguna Beach, Estes Park or Nantucket will fare much better than a home located in, say, Dalhart.   According to CNBC, home prices have returned 5.8% per year since 1968.  They also say a vacation home will cost about 20% more when compared to buying a primary home.[1]

Watches.  Rolex, Cartier, or Patek Philippe are top brands.  A classic time piece will cost you plenty but the long-term value may be worth the investment.    A Rolex Submariner has averaged about a 7% average annual return from 1957 to 2015.[2]   A timely time piece will also look good on your wrist.

Classic Cars.  Buying a vintage Porsche, Ferrari or Lamborghini can keep you ahead of the pack when driving on the road or finding favor with the valet.  A 1955 Mercedes-Benz 300 SL sold for $1.34 million in 2015.[3]

Wine.  A wine collection can pour dividends into your portfolio.  There are many advantages to owning a quality wince collection the least of which is you can drink your profits.   A case of Caymus Cabernet will cost you about $2,160.

Art.  Who wouldn’t want to own a Warhol, Van Gogh or Picasso?  If you’re going to buy art, make sure you like it because you’ll have to look at it for a long time.    Most cities host art fairs where local artists are featured and this can be your entry into acquiring fashionable art.  Herb and Dorothy Vogel started collecting art in the early 1960s as a young couple.  They never earned more than $23,000 per year but collected thousands of pieces of art where one curator valued their collection as “priceless.”[4]

Timber.   Buying timber land will help your portfolio grow.   Timber has been a solid (wood) long term investment.  I’d recommend hiring a land manager if you’re a city dweller.  The land manager will take care of your property and give you advice on the best time to cut your timber.

Coins.  Gold and silver coins are an easy entry into the physical world of alternative investments.   Coins can be purchased online at

Beanie Babies.  Just kidding.

As you construct your alternative portfolio consider the storage costs.  It costs money to store and own these investments.  These investments aren’t liquid either.  If you need cash quickly, you won’t be able to sell them quickly.

These investments can also be a great way to pass on assets to the next generation.   Would you rather inherit a publicly traded REIT or a beach house in Maui?

Happy collecting!

for wisdom is more precious than rubies, and nothing you desire can compare with her. ~ Proverbs 8:11

Bill Parrott is the President and CEO of Parrott Wealth Management.   For more information on financial planning and investment management, please visit

May 23, 2017

[1], Shelly Schwartz, 4/17/2015.

[2], David Bredan, January 1, 2015.

[3], Hannah Elliott, December 24, 2015

[4], Jed Lipinski, website accessed May 24, 2017.

Don’t Read If You’re Under 50!

Turning 50 is a huge milestone and an exciting time.  Age 50 is considered the gateway to the golden years with much to look forward to especially with a projected life expectancy of 31 years.  The pressure to look and act cool also wanes as you grow older.  If you want to wear sweaters with shorts or sandals with socks, go for it.   If you want to eat dinner at 4:00 and be in bed by 8:00, knock yourself out.  If you want to wear a big floppy hat, wraparound sunglasses, long sleeve shirts and cover yourself in zinc oxide before heading off to the beach, who’s going to stop you?

Age 50 is also the year when most individuals get serious about retirement planning.  A person who is 49 years, 11 months, and 29 days old has little interest in retirement planning.  When they turn 50 they freak out because retirement is now on the horizon.  Age 65 is still the preferred retirement age for many workers so turning 50 means there are only 15 years until they ride off into the sunset.  Fifteen years isn’t a long time and this is what makes individuals nervous.

By age 50 you should have 5 times your annual salary saved according to a report by CNBC.[1]  If your annual income is $100,000 you should have $500,000 in savings.  Congratulations to you if you’ve achieved this savings milestone.  If your current asset level falls short, have no fear because you still have time to salvage a comfortable retirement.

Once you turn 50 you can contribute more money to your retirement accounts.  The government allows you to invest an extra $1,000 to your IRA and $6,000 to your 401(k).  The additional savings will help you make up for lost time.

As you march through the golden years, here are a few things to consider.

  • Health is wealth. It pays to take care of yourself.   As you age, time and gravity are working against you so focus on eating well and working out.   Eating fruits, vegetables and anything that swims or flies will be good for the ticker.   Hit the gym and put a few miles on the road to get some quality exercise.  According to the American Academy of Family Physicians exercise prevents chronic disease and improves your mood.[2]
  • Help others. A benefit of aging is you’re able to help others spiritually, emotionally and financially.  It’s time to put your wisdom and resources to work.
  • Give. A philanthropic plan will pay dividends for you and others. A thoughtful giving plan will help others for many years while giving you income and estate tax benefits.
  • Pursue your dreams. Do you want to start a business?  Explore distant lands?  Try a new hobby?  The golden years are a perfect time for you to start checking off items on your bucket list.
  • Own stocks. Stocks will allow to grow your wealth and generate more income.  Stocks will also help you offset the force of inflation.   You need to own assets that will grow over time so your purchasing power grows or stays constant.  A 3% inflation rate will lower your purchasing power by 59%.  A dollar today will be worth 41 cents in 30 years.

Aging is a benefit not afforded to many so enjoy the ride.  Attack your golden years with spunk and gusto.  Live your life to the fullest so you have no regrets when Gabriel blows his horn.

How old would you be if you didn’t know how old you were?  ~ Satchel Paige.

Bill Parrott is the President and CEO of Parrott Wealth Management.  For more information on financial planning and investment management, please visit

May 21, 2017

[1], Kathleen Elkins, 2/22/2017.

[2], Marlo Sollitto, website accessed May 20, 2017.

FANGA or Jenga®?

Jim Cramer coined the FANG term a few years ago because of Facebook, Amazon, Netflix and Google (now Alphabet).   Adding Apple to FANG creates FANGA.   FANGA sounds like Jenga®!  Jenga® is a game where you stack wooden blocks on top of each other to create a tower.  After the tower is built players start to pull out blocks one by one until it collapses. The player who makes the tower crumble loses the game.

It’s hard to argue with the returns for Facebook, Amazon, Netflix, Alphabet and Apple.  These five stocks, as a group, have averaged a 26.96% return since 2012 routing the Standard & Poor’s 500 Index[1].  Investors continue to pour money into these stocks hoping to benefit from future gains.  With the strong performance of these five companies why would an investor want to buy anything else?

It takes courage to invest in a new company and even more to hold onto it forever.   Amazon went public in 1997 and dropped 80% in value in 2000 followed by a 30% decline in 2001.   Facebook came public in 2012 and promptly fell 30%.   Netflix went public in 2002 and quickly lost 34% of its value.  Two years later it dropped another 54%.  In 2008 Alphabet lost 55%.   Apple has lost more than 30% of its value six different times.  Its worst loss was a 71% drop in 2000[2].

I journeyed back to 1972 to purchase five stocks:  Boeing, Coke, Intel, McDonalds and Walt Disney.   These five stocks generated an average annual return of 15.8% from 1972 to 2017 – 45 years!  A $50,000 investment is now worth more than $18 million!  These five stocks crushed the Standard & Poor 500.  In addition to their phenomenal dollar gain, the portfolio is generating over $500,000 per year in dividend income.   The dividend income alone is 10X the original investment[3].

If Intel is removed from this portfolio, the annual rate of return drops to 12.7%.  The ending value of the portfolio is $4.5 million, an impressive number, but a far cry from $18.4 million. The dividend income also dropped from $500,000 to $200,000.  The remaining four stocks of Boeing, Coke, McDonalds and Walt Disney also failed to outperform the S&P 500 over 45 years[4].

In 1972, you also had the opportunity to own Bethlehem Steel, Eastman Kodak, Owens-Illinois, Sears and Woolworth.   These stocks were in the Dow Jones Industrial Average and considered industry titans.   Your original investment in these five stocks is all but worthless.

How can you find the next FANGA?  It’s not easy and you won’t know you own a life changing stock until many decades from now.  If you’re going to hunt for the next great stock, make sure your other assets are well diversified and commit no more than 3% to 5% of your portfolio to these moon shots.   Happy hunting.

The real key to making money in stocks is not to get scared out of them. ~ Peter Lynch.

Bill Parrott is the President and CEO of Parrott Wealth Management.  For more information on financial planning and investment management please visit

May 17, 2017

Note:  Your returns may differ than those highlighted in this blog.  This blog is not a recommendation to buy or sell the stocks listed in this blog.  I currently own shares in Alphabet, Am

[1] Morningstar Office Hypothetical Tool.

[2] Ibid.

[3] Ibid.

[4] Ibid.

Who Wants to be a Millionaire?

Who wants to be a millionaire is an entertaining game show once hosted by Regis Philbin (cue theme song).   The show gave contestants a chance to win a million dollars if they correctly answered a series of multiple choice questions.   The contestants are given help with life lines and audience participation.  Final answer?

You can play your own version of who wants to be a millionaire in the stock market.   The long-term trend of the stock market will give you an opportunity to accumulate wealth if you play correctly.

Time is your friend if you want to accumulate wealth.  The earlier you start investing, the sooner you’ll achieve your goal.   If a 25-year-old wants to retire at age 55 with a million dollars, she must save $442 per month.   If she waited until age 35, she must save $1,316 per month.  If she waited until age 45, she must save $4,881 per month.

Dollar cost averaging is a great way to accumulate wealth.  Dollar cost averaging allows you to save the same dollar amount each month into an investment of your choice.  To increase your odds of success, automate your savings.  Your automatic dollar cost averaging investment program will keep you invested in good times and bad.

Let’s look at investing $500 a month in the Vanguard S&P 500 Index Fund (VFINX) for 10, 20, 30 and 40 years.

  • A $500 monthly investment for 10 years, ended with a value of $131,596. The average annual return was 10.73%
  • A $500 monthly investment for 20 years, ended with a value of $320,243 for an average annual return of 7.73%
  • A $500 monthly investment for 30 years, ended with a value of $1.04 million for an average annual return of 9.26%.
  • A $500 monthly investment for 40 years, ended with a value of $4.16 million for an average annual return of 10.87%.

As you can see time in the market wins!  As Nick Murray once said the best time to invest money is when you have it and the best time to sell is when you need the money.  You can control your savings and expenses.  The more you save and the lower your expenses means more wealth for you and your family.

Someone is sitting in the shade today because someone planted a tree a long time ago. ~ Warren Buffett

Bill Parrott is the President and CEO of Parrott Wealth Management.   For more information on financial planning and investment management, please visit

May 15, 2017

Note:  Your returns may differ than those posted in this blog.  The data for the Vanguard S&P 500 Index fund is as of 4/30/2017.

What’s an Emerging Market Anyway?

The talk around the water cooler lately has been to invest internationally especially in emerging markets.   What does emerging mean anyway?  Webster’s dictionary describes emerging as “newly created or noticed and growing in strength or popularity, becoming widely known or established.”   Sounds good to me but what does it have to do with investing?  Plenty.

Most investors will invest in established or developed markets like the United States, United Kingdom, Germany, Japan, Australia or Canada.   Established markets have several things in common like contract law, stable governments, and a modern infrastructure.   The citizens of these countries reap the benefits of a modern society by spending their wealth on fine dining, big screen TVs, huge homes and expensive cars.   Clean water and (mostly) affordable health care is available to all.

Emerging markets are defined by the BRIC’s: Brazil, Russia, India and China.  Other countries include Peru, Thailand, South Africa, Chile, and Turkey.  These markets typically have unstable governments, poor infrastructure and impoverished citizens.

I’ve had the good fortune to travel to a few emerging markets like Hungary, Haiti, Nicaragua and parts of Mexico.   In Haiti, the poverty is inconceivable.   The corruption in the government has stripped the land bare and left its citizens in misery.   The homes, roads and cars are in despair.  It will be centuries before Haiti is an emerging market, unfortunately.

Why should you invest in an emerging market?  A good reason is because they’re emerging.   They’re growing.  The rise of the middle class is giving these people access to things we take for granted like jobs, microwaves, washers and dryers, and iPhones.   It’s also giving them hope.  The advancement of technology is making our world smaller and richer.   As these markets begin to prosper so, too, will their citizens.

How much should you allocate to an emerging market portfolio?  I’d recommend a 5% to 10% allocation.   Here are three popular index funds you should consider for your portfolio.

  • Dimensional Funds Emerging Markets Portfolio (DFEMX). Year to date this fund is up 17.91%.
  • Vanguard FTSE Emerging Markets Index Fund (VWO). Year to date this fund is up is up 12.94%.
  • IShares MSCI Emerging Markets ETF (EEM). Year to date this fund is up 14.42%.

The 2017 returns for these funds are stellar and outperforming the Standard & Poor’s 500 index.  However, emerging markets carry risks.   The volatility for emerging markets is high.   The standard deviation for emerging markets is 28.7 by comparison the developed markets have a standard deviation of 17.4 a 65% difference![1]   In 1998, the Turkey market returned 252% while the Russian market lost 83%.   Last year Brazil was up 67% and Egypt was down 11.4%.[2]    The divergence in returns from year to year is vast and therefore an allocation of 5% to 10% makes sense for most investors.

As you construct your portfolio add a pinch of emerging markets.   The allocation could give your portfolio a boost.

It’s a small world, but I wouldn’t want to paint it. ~ Steven Wright.

Bill Parrott is the President and CEO of Parrott Wealth Management and is a fan of global diversification.   For more information on financial planning and investment management, please visit

Note:  Your results may differ than those listed in this blog.  This is not a recommendation to buy or sell the securities listed in this blog.



[1]Morningstar Office 2017 Market Assumptions.

[2] Dimensional Funds 2017 Matrix Book

Did You Know?

“Did You know?” is a popular sports trivia segment on ESPN.  While watching the Golden State Warriors play the Utah Jazz last night my wife said the Jazz logo didn’t make any sense.  I informed her the franchise originated in New Orleans and therefore they’re called the Jazz.  I then rattled off a few minutes’ worth of valuable sports trivia.

Did you know also applies to the world of investing.  Here are few DYK’s.

Did you know individuals who complete a financial plan have three times (3X) the assets when compared to those individuals who don’t do any planning?

Did you know stocks outperform bonds?  The 90-year average annual return for common stocks has been 10% while long-term government bonds returned 5.6%.   A one dollar investment in large company stocks is now worth $5,386 while a dollar invested in bonds is worth $132.[1]

Did you know small company stocks outperform large company stocks?   The Dimensional U.S. Small Cap Value Index averaged 13.3% from 1928 to 2015.   A one dollar investment is now worth $58,263.   The Dimensional Large Cap Value Index averaged 11.1%.   A dollar investment in the large cap index is now worth $10,414.[2]

Did you know diversification is safer than concentration?  A diversified portfolio of large, small and international companies allows you to own stocks from around the globe.   Adding bonds and cash to your portfolio will reduce your risk.   Moving to a 60% stock and 40% bond portfolio from an all stock portfolio reduces your risk by 24%.

Did you know passive index investing is better than active stock picking?  The Standard & Poor’s study of passive v. active reveals that over 15-year period 95% of active fund managers fail to outperform their benchmark.   This is also the case for 1, 3, 5 and 10 years.[3]

Did you know lower fees are better than higher fees?  The less you pay in fees the higher your return.   This is obvious but needs to be stated.  Less is more.

Did you know working with an investment advisor can help you increase returns?  A study by Vanguard quantified an advisor relationship can add 3% in net returns.[4]   An advisor will help you with financial planning, estate planning, investment planning, charitable planning, and much more.  If you’re going to work with an advisor, make sure they’re a Certified Financial Planner™ or Chartered Financial Analysis.

Now that you know what will you do?

Two are better than one, because they have a good return for their labor:  If either of them falls down, one can help the other up. But pity anyone who falls and has no one to help them up.  ~ Ecclesiastes 4:9-10

Bill Parrott is the President and CEO of Parrott Wealth Management.  For more information on financial planning and investment management, please visit

Note:  Your returns and results may differ than those highlighted in this blog.

May 9, 2017

[1] Dimensional Funds 2016 Matrix Book.

[2] Ibid.



Nothing but Net.

One of the best sounds in sports is the swish of basketball as it passes through the net.   The ball flies over the rim and touches nothing but net.  I love watching long range shooters drain effortless, smooth three pointers.   Some of the greatest shooters in the game have been Larry Bird, Kobe Bryant and Steph Curry.  My favorite long range shooter was Meodowlark Lemon of the Harlem Globetrotters.  He would meander to the half court line, say a few jokes, launch a sky hook and it would swish though the net.

My friends and I used to play H-O-R-S-E at the local park.  Our shots were creative and crazy.  The stakes went up when one of us would call a shot with a swish.   The basket would only count if it was a swish. If the shot hit the backboard or the rim, it didn’t count.   The swish shot put added pressure on the players.

Investing has its own version of nothing but net.   It’d be nice to bank gross returns but this isn’t possible.   Gross returns are impressive but you can only spend net returns.  To calculate your net return, you must subtract inflation, taxes and fees.  The net return is what you can spend to buy food, gas and other household items.

Let’s review some net returns.

Stocks.  The gross return on stocks from 1926 has been 10%.  A 10% return is impressive especially when it’s compounded over 90 years.   Inflation during this time frame averaged 2.9%.   Subtracting inflation, the gross return for stocks falls to 7.1%.   Minus a 28% tax rate lowers your return to 5.1%.  If you work with an advisor who charges 1%, your net return is now 4.1%.   Netting out inflation, taxes and fees your 10% gross return cascades 59% to 4.1%.  A $10,000 investment in stocks will grow to $372,000 over 90 years with a net return of 4.1%.

Bonds.  Long term government bonds averaged 5.6% for 90 years.   Inflation reduced this return by 2.9%.  Subtracting taxes and fees your net return is now .94%.   A $10,000 in bonds is now worth $23,200.

Cash.  The cash return will leave a hole in your wallet.  The one-month U.S. Treasury Bill averaged 3.4% since 1926.   Subtracting inflation, taxes and fees your net return drops to a negative .64%.  A $10,000 “investment” in cash is now worth $5,611.

You need to own stocks to create generational wealth.   A heavy dose of bonds and cash in your portfolio is an air ball.   It’s recommended to keep a large portion of your portfolio in stocks so you can stay ahead of inflation, taxes and fees.

I hate to lose more than I like to win.  ~ Larry Bird

Bill Parrott is President and CEO of Parrott Wealth Management.  For more information on investment management and financial planning, please visit

May 7, 2017

Note:  Your returns may be more or less than those posted in this blog.

Need More Income?

Can you use a few extra dollars?  A Google search for “how to generate more income” produced 11.3 million results.  A few sites suggested selling your gear on EBay, craigslist or Etsy.   Other sites recommended a part time job, asking your boss for a raise or getting a side hustle.  More sites advised flipping homes or renting a room in your house via Airbnb.

I searched EBay for items I might sell from my youth.  A 1980s Rawlings baseball glove was selling in a range of $10 to $25.   Boogie Boards were listed at prices between $50 to $150.  1975 Schwinn Stingrays’ were offered from $450 to $1,200.  Rather than selling your Chia Pets or working a second job, I want to introduce you to two income generating strategies.

If you own individual stocks, you can leverage your holdings to generate more income.  The two income producing ideas are writing a covered call and selling a cash covered put.

The covered call is probably the most popular option strategy.   A covered call allows you to generate income on stocks you already own.   For example, if you own 1,000 shares of Apple (AAPL) you can sell ten $150 June calls for $1.98.   What does this mean?  It means the 10 calls will generate income in the amount of $1,980 before trading commissions.  The math is 10 x 100 x 1.98 = $1,980.  This option will expire on June 16, 2017.   If AAPL closes at $150 or higher on June 16, you’re obligated to sell your 1,000 shares at $150.   If AAPL closes below $150 on June 16, you keep your shares.   If it’s not called away, you can write another option on AAPL for July or August.

A cash covered put is like the covered call except you might not own the underlying stock.  It’s named cash covered because you’ll need to have cash in your account to purchase the underlying stock position.   Let’s say you want to buy 1,000 shares of AAPL at $140 per share.  You can sell ten $140 June puts for $1.74.  The 10 put contracts will generate income of $1,740 before fees.  You’re obligated to purchase 1,000 shares of AAPL at $140 if it closes at or below $140 on June 16, 2017.

A few things to keep in mind when you’re selling options.

  1. The option premium is what you will receive for selling a call or a put.
  2. When you sell a call or a put, the money is credited to your account at the time of the trade.
  3. One option contract equals 100 shares of stock. If you sell 10 contracts, this equates to 1,000 shares of stock.
  4. Options expire on Fridays and maturities can range from a few days to a few years. My recommendation is to sell options with an expiration from four to six weeks.
  5. The delta of an option will give you the approximate probability of your option expiring in the money. An option with a delta of 40 means you have about a 40% chance of your option expiring in the money.  If your option expires in the money, you’re obligated to buy or sell the stock.
  6. The more volatile your stock, the more option premium you’ll receive.  You can check the implied volatility on most investment websites.  The higher the volatility, the greater the risk.   The higher the risk, the greater the income.


Options involve risk and aren’t suitable for every investor.   As the market continues to scramble higher you can use options to generate income and sell stocks hitting your price target.  You can also use options to purchase stocks at lower prices if the stock were to correct.   If you want a few extra nickels in your pocket, give these two option strategies a try.

Money won’t create success, the freedom to make it will. ~ Nelson Mandela.

Bill Parrott is the President and CEO of Parrott Wealth Management.  For more information on financial planning, investment management, or option writing please visit

May 1, 2017

Disclaimer.  Options involve risk and are not suitable for every investor.   The price and data is for May 1, 2017 only and is subject to change without notice.   Your actual trading results may be more or less than those posted in this blog.  This blog is not a recommendation to buy or sell securities mentioned in this report.  For more information on trading options please visit