The Easy Investing Income journey begins
The main emphasis of this site is that you can earn easy income through dividends and safe option strategies. Let me start out by saying that I do not offer financial advice, this an opinion blog about money. I have been a dividend investor for a long time. My preference is to buy and hold companies and Exchange Traded Funds (ETF) that pay a nice dividend. Most of my investments earn between 3 to 4 percent yearly.
About ten years ago to earn more income, I started to dabble in Covered Call options. Up until a few months ago this was the only strategy i used. For the most part I did ok with this strategy. I did have some shares get called away but most of my options expired. Early this year several of my KO Covered Calls were assigned. I was caught off guard. I had sold a lot more than I wanted to. Feeling surprised and a bit annoyed I decided to take a closer look at easy option strategies. Through research I learned that I was doing things wrong and really did not understand how options work. Also, at about the same time the pandemic hit and some of my consulting income dried up. So, I had a thought, could I replace this income using safe options strategies along with dividend income.
I am on my way to replacing my consulting income and want to share my journey with others so that they can also earn easy income from their investments. This site will contain blog posts that will be mostly chronological. The posts will detail my journey and provide helpful advice on how you can do this yourself. It will include posts where I share and explain my plans and strategies.
I currently earn about $3,200 a month in my dividend portfolio. In the past 10 years I have earned an additional $200 a month Using covered calls. Back in August after researching how others were using options I setup my new strategy to increase the income of my portfolio. I learned that some people were doubling their dividends or earning around 1% of the portfolio monthly. However, some of the strategies were confusing to me and seemed very risky. I decided to setup my strategy to be more risk averse. My initial goal was to earn around $1,000 a month. To my surprise, I was able to reach my goal in the first month. You can learn more by viewing the month one post.
In this blog I am going to share details about my strategies and trades. It is important to understand the basics of dividend investing and options. The next couple of posts are going to introduce you to the basics in simple and clear terms. If you already have some experience with investing then you can skip the next couple of posts and jump to the Month 1 review post. Thanks for joining me on my journey. Let’s learn and get wealthy together.
