Learn how to find good dividend paying stocks. My portfolio is generating enough passive income from dividends and selling options for me to retire now. However, what is important to me is to be financially independent and help others to learn how I invest.
What is critical for me to be successful is finding the right dividend paying stocks and ETFs to invest in. I want them to not be too volatile but have a good option market. Also, I want them to pay a nice dividend and be steady in dividend growth. That way if I sell a cash secured put and it gets assigned, I now own a good company. I feel income from dividend stocks and ETFs is a true passive income. Not only is it passive but due to the dividend growth the income stream increases over time. I have purchased shares years ago that now pay me hundreds monthly.
I use the site (Dividend Aristocrats List) to check daily how the elite dividend payers are doing. If one of interest is moving a lot then I check to see if I want to own it. Next I do some research on Schwab and check the option chains for premium.. If a good amount of premium then I try to find a good expiration and strike price.
I also get good ideas from the InvestTalk podcast. Today, someone called about Polaris and I decided to research it and sell a covered vertical spread. I made $159 in premium with an expiration of 30 days and a strike price of $115. You can find InvestTalk on any of the major podcast players.
Hope you enjoyed the video. If you would like to learn more I also have a patreon membership. Details are below.
Thanks and I hope you join me on my journey.
My Patreon Page:(Early Access to trades, Special Content and live events )
https://www.patreon.com/easyinvestingincome
