Get Rich - Stay Rich - Investing for Monthly Income

Posts Tagged ‘Make $3000 per month’

How to Make $3,500 per Month Passive Income for Life

What could you do with $3,000 per month in passive income for life? How would it change your future? For some, it will be a total life changer to increase your income each month. For others, maybe not, but how would it affect your life if you had access to the plan that produced $3,000 per month for life?

It is clear that most people are not doing the single most effective thing that will make them rich: Investing in the stock market for passive income each month.

At Get Rich Investments, we focus on creating monthly income. We like to invest in securities that can produce 3-5% each month. One method to achieve this level of income is by trading covered calls. This trade allows the investor to sell a call option for premium income. Then, we buy a protective put to protect our downside from owning the stock.

The year 2019 turned out to be a stellar market advancement fueling significantly higher returns than 2018. Last year, Get Rich Investments had a total return of 18% compared to 10% for the S&P 500. This year, we did even better by not only trouncing the SPY but achieving an all-time high of 50% in our portfolio. The average monthly income across our open positions was nearly $200 for each position with 100 stock shares. If you own all positions (100 shares) you would capture $1,663 dollars of income per month. And, if you double up you can capture nearly $3,500 per month.

*************************************************************************************

Get the book on Amazon – Passive Income Monthly Plan: 30+ Best Apps That Make You Money Learn to make money doing almost anything for passive income. It’s simple – make money playing games, testing products, sharing your opinion and even walking the dog! You can work at your convenience and your terms!

*************************************************************************************

Let us look at a couple examples, one of our better income producing stocks was Merck (MRK). Yes, I did say INCOME producing even though MRK has a modest 2.7% dividend yield. How did we turn MRK into a cash machine? Simply, selling monthly covered call throughout 2019. In total, we received $165 dividends for each 100 shares of stock. However, we earned a total of $2,180 in call option premium (13X the dividends). At yearend, our income yield (including both dividends and call premium) was 32%.

Tell me where else you can find a yield this high! We had over 8 stocks in our portfolio with this level of performance in 2019.

To get started, you can join the Monthly Income Plan that offers a list of high yield covered calls and monthly dividend stocks. You can easily make 10X your subscription fees and change your life.

Join the Monthly Income Newsletter voted the best value for option income trading

Try Robin Hood to get FREE stocksĀ 

Create a Passive Income Machine for Endless Income

Get FREE Stock

Get FREE Stock - No Trade Commissions

Subscribe for FREE Trades

Subscribe for FREE Trades

* indicates required
/ ( mm / dd )
Archives
PopAds