I like to keep things simple when I'm thinking about investing because I'm a pretty simple guy. And when it comes to investing, I don't think there's a simpler or an easier way to invest than to Buy, Write, Collect. These three simple steps are easy to understand and implement but I have to admit that there's a lot of thinking that goes on behind the scenes before each of these is implemented. Here's the three steps in their entirety.
This strategy will in no way make an investor instantly rich but it will, over time, produce some outstanding results. As to whether this is the only way, the answer is "certainly not." There may be better ways, and there may even be easier ways, but if there are I'm not aware of them.
- Buy the Stock
- Write the Option
- Collect the Dividend
This strategy will in no way make an investor instantly rich but it will, over time, produce some outstanding results. As to whether this is the only way, the answer is "certainly not." There may be better ways, and there may even be easier ways, but if there are I'm not aware of them.
"I believe that through knowledge and discipline, financial peace is possible for all of us." |
I buy great quality securities that are optionable, sell out-of-the-money covered calls, and then sit back and collect the dividend payments. It's a strategy based upon the knowledge gained from years of trial and error and the discipline that comes from years of trading and investing. It's a strategy that works for me. So I hope this strategy continues to work for a very long time. I could use the money.
Good Luck and Good Trading.
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