Financial independence is based on creating enough income to fund the life you choose to live. Most people works their entire life to reach this point. This is not a slam on working for a living as I have been there and actually enjoyed many of the jobs I have occupied. There is a plan …
You have undoubtedly heard it said before – compounding returns is the eighth wonder of the world or man’s greatest invention. But to an investor it is a great wealth builder. While many income investors think of compounding dividends, this can also be accomplished by option sellers by compounding the option premium received by selling …
Below is the updated portfolio value from today for the August positions. All of the positions are working and looking good so far with maybe PCS being on the fence. We are up $1,970.50 since these positions were entered. This about 33% of the $6,190 total premiums we sold in July. Our portfolio value is …
In the past, we have been expressing the view the equity markets were oversold and a rebound was likely to occur at any time. Last week’s oversized bounce was probably due to two factors, the parliamentary vote in Greece forestalling a near term default event and the end of QE2 with the resulting bubble in …
Today we started actual trading in the Monthly Income Portfolio through Thinkorswim trading. The trading is in real time with actual market prices and commissions. The rules are as following for this trading portfolio: Enter positions by selling puts to collect the option premium. We will not sell a put unless we have the capital …
n the past we discussed how to create a monthly income portfolio using puts, covered calls and monthly income dividend stocks. Now, we have teamed with TradeMonster to create a paper trading account so you can follow the trades we place each month in this account. The account has $100,000 in cash and can …
