NEW YORK ( TheStreet) -- Fellow TheStreet contributor Richard Saintvilus knows I love him. That's why I can refer to something he says as "dumb" without fear of violence.I hope that you -- yes you -- feel the same way. Like we're in a bar talking trash about sports, the opposite sex and money. No matter what, we leave it all on the ice. With that, Saintvilus kicks off my list of five dumb things that investors incessantly repeat.
Investors often react to the crisis of the day by taking an overly defensive stance. We've all been around long enough to realize the sky's always falling. Don't let overhyped hysteria derail your goals.
Like daytrading, most folks should never dabble in advanced options. If it has more than two legs and a fancy name, proceed with extreme caution. But, there's no reason why every investor on Earth with 100 shares or more of an optionable stock should not be writing covered calls. When you use covered calls, you assume a modicum of additional risk if the stock you own decreases in value. It depends on the extent and timing of the decline. But it's not enough risk to keep even the most skittish investor away from the best example of "free" money the stock market offers, aside from dividends.