Tag: Stocks
Index Funds vs. Bitcoin ETFs: The Best Growth Vehicle for the Future
Having growth in our portfolio helps us outpace inflation. Although we plan never to sell shares, growth products give us significant leverage by expanding the scope of our power. With the advent of Bitcoin ETFs, which trade on the stock market, we now have major decisions to make about which growth products will best serve…
Web Edition- The Biggest Book on Passive Income Ever 4!
INTRODUCTION 00 000 The Biggest Book on Passive Income 4 FINANCIAL MINDSET 01 001 Are We Living in Fast Forward? Things Have Changed Since 2020 01 002 Being Mediocre is Not Okay 01 003 Building Generational Wealth: Via Dividends 01 004 Building Generational Wealth: Via Real Estate 01 005 Create Money, Spend Money, Grow Money:…
Stock Market Investing in Your 40s: Preparing for a Happy Cash Flow Retirement
Our 30s can push our finances to the limit; however, our 40s present a unique opportunity. We can set the stage for an extraordinary Happy Cash Flow Retirement during this decade. The stock market will significantly contribute to our retirement success through growth and capital gains, but mainly through income. Our income investing allocation should…
Trading Long Strangles vs. The Options Wheel: How Much Capital To Get Started?
It’s the clash of the titans: trading long strangles versus the options wheel. I started my options trading journey by selling covered calls, which is part of the options wheel. Over time, I started selling cash-secured puts to lower my cost basis on future shares. Together, selling covered calls and cash-secured puts comprise the options…
How to Become a Part-Time Options Trader #3: Selling Covered Calls
Now that you have prepared yourself mentally (#1) and saved a nest egg (#2), it’s time to jump into the options market. First, you must decide which technique you want to try. An excellent place to start is selling covered calls for passive income. This strategy presents little risk, but does require a lot of…
How to Become a Part-Time Options Trader #1: Why Trade Options?
There is a lot of money to make in the world of options trading, but you could also lose a ton of money. Sometimes, it feels like a flip of a coin. I have traded options part-time for over two years and have learned much about this profession. That’s right; some people do this for…
Retrirement Plus: Supplement Your Retirement with Options Trading
Trading options during retirement doesn’t fit the typical narrative concerning your happy years. Trading options may sound stressful or anxiety-inducing. However, not having cash flow during retirement is much more stressful than trading options. Without cash flow, retirees are on the raft of life without paddles. Therefore, as retirees, we must determine how options trading…
Don’t Gamble with Retirement 13: Serious Lives Lead to Extraordinary Retirements
Why is being serious considered a bad thing? I was always a serious person, and it has served me well. I joined the Marines 10 days after high school in 1999. In the Marines, I never got passed over for promotion because I always took my job seriously. I retired at 42 and never have…
My Three Favorite High-Yield Savings Accounts: Get Paid While You Save
Most Americans realize the importance of saving money—whether they choose to save is a different story. Saving is a mechanism we put into place to protect ourselves from emergencies while also preventing us from using our investment accounts. I always tried to save early in my adult life—to no avail. However, in 2019, I started…
Trading Long Strangles vs. Mortgage REITs: The Most Hardcore of Income
The goal of life is to make money while you sleep; there is simply no other way to get ahead of life expenses. But how do you make passive income? Some people turn to the stock market to earn dividends while they sleep; others use the options market to create large amounts of passive income.…
Life as an Income Investor 2: How to Become a Cool Kid
I always wanted to be a cool kid, but sadly, this wasn’t the case. I never thought I would have the chance to be the coolest kid on the block—but then I became an income investor. Becoming an income investor isn’t about bragging to others about how much money you make. Instead, you get a…
Selling Cash-Secured Puts vs. Preferred Shares: The Most Hardcore of Income
You’ll have to take risks to become wealthy, but how much risk is enough? The answer depends on many factors, the chief of which is your emotion toward money. I absolutely adore preferred shares; however, I must take a gamble to get the best deals. Selling cash-secured puts is relatively safe, but there is a…
Stocks, Bonds, & Options in Your 60s: Ensuring a Great Retirement
Our 60s should be a time of joy and celebration. In fact, the only stress we should have is from babysitting our grandkids. But these magical times don’t just happen; we must create them. We must build a level of financial sophistication that ensures we can weather any economic storm. This foundation starts by understanding…
Selling Covered Calls vs. Trading Long Strangles 2: Combine Them For More Passive Income
Options trading isn’t for everyone, but that doesn’t mean most people should overlook this incredible opportunity to make passive income. Americans put far too much emphasis on their W-2 jobs while passing over other opportunities to make money. Many times, we exclude other opportunities because of fear of the unknown or the possibility of risk.…
Selling Covered Calls vs. Trading Long Strangles: What Are Your Passive Income Goals?
Why do people decide to trade options? It can be a very dangerous and risky proposition for most traders, so why all of the love? Options trading can be a lucrative wealth generator if you take the time to learn the ropes and create a system that works for you. “The Options Playbook” discusses over…
Build Your Own Target Date Fund: We Can Do Better
Target date funds are all the rage nowadays, especially inside company-sponsored 401k (k) programs. However, I don’t trust them and don’t like them for a few reasons. Let’s review our retirement goals before I get into the target date funds. We want to preserve capital, facilitate growth, and generate income during retirement. That’s why many…
My 2024 Passive Income Streams: How My Finances Look Today
Every year, I write my passive income resolutions. I put them out on New Year’s (2022, 2023, 2024) so that they can set the pace for my financial ambitions. This year, I want to supplement my resolutions with some hard data on how my finances look at mid-year. This update will serve as a guiding…
Can You Retire on Dividends? The True Crown Jewel of Your Career
I spent 20 years in the workforce, not knowing what to do with my money. I thought that my 401 (k) was my emergency fund, and I believed that putting money in a standard savings account was enough. I was wrong on all accounts, and my family suffered because of my ignorance. Our household dealt…
Dividends Forever! Inflation-Proof Your Retirement
No matter your retirement plans, dividends can help you get there. More importantly, dividends can help you stay there (retired). Recently, I have read many stories about retirees going back to work because their incomes cannot keep up with inflation and cost-of-living increases. This is sad. Most people have never learned how to invest for…
Stocks, Bonds, & Options in Your 50s: Extracting What We Need From Capital Markets
It’s time to take the world by storm. In our 50s, we clearly see how we want the back halves of our lives to look. We know how much we want to travel, spend, and give. Now, it is all about creating and executing a plan with extreme passion. For obvious reasons, money will play…
