A Simple Income Investing Strategy to FastTrack Your Retirement!

In this video we are talking about a very simple and powerful investing strategy to accumulate assets and live on your investments. This income strategy for retirement income is straightforward and powerful.

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This communication/content is for informational purposes only and is not intended as personalized investment advice, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. This communication should not be relied upon for purposes of transacting in securities or other investment vehicles.

[AverageJoeInvestor]

REMEMBER to look out for those SPAM Comments!! FYI, you know comments are ACTUALLY FROM ME because i have a dark colored background behind my name! Make sure to leave your $0.02 in the comments!! =)

[GeorgiaMoore.]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[ryanwilliams]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[zaalb]

In a flat market, you’ll outperform but just have to make allowance for taxes if it’s a taxable account.

In a bull market, that classic graph that shows how much you miss out if you just miss the top 10 days will make you very likely underperform by a significant margin.

In a bear market, I guess you’re selling below your cost basis, so the premium will help offset the realized losses.

The reason I haven’t done it is because the market is too unpredictable, and you could easily miss 10% gains just from two hot weeks, and then you have to work hard to earn back the difference just to break even.

[torchy]

In January, March, June, and July of this year, SPY returns exceeded 3.21%. In January and June returns actually exceeded 6.18%. Shares would have have been called away in those weeks/months leaving you chasing returns.

[ferrarijb]

Thanks for another great video! If you haven’t already done this, could you please make a video to explain how you determine what to do with these call options at expiration (let them expire, buy them back, roll them over, etc)? Thank you!

[nealvaught]

I appreciate the research you conduct and the way you present your findings and ideas. Thanks, Joe!

[juliepowell]

Awesome video Joe....again. I really appreciate the different strategies you share with your community. The simplicity of this strategy will allow me to do other things as well....makes me think about... what's possible. Thank u.

[AnujKatiyal]

Given the current scenario, it would be rather beneficial to keep selling cash secured put with cash generating 5% in SPAXX or even some small put spreads

[mm]

@AverageJoeInvestor. First time commenter. Please elaborate more on your strategy and do a 12 mo back-test in a new video. I'm curious to see what you conclude. Thanks for the interesting content you always produce.

[CalmerThanYouAre]

What happens when there’s a pull back in the market and the share price is below your cost basis? Are you going to have the fortitude to sell calls below your cost basis in order to generate the income you need? Are you going to be comfortable potentially liking in deep losses if your shares go in the money and cannot be rolled for a profit?

Unless you are very skilled at market timing, you are likely to miss the best days in the market as the share price blasts through your CC strike price. You will have to make substantial profit from premium in order to offset those lost gains.

Things to consider before pursuing any covered call strategy.

[RoryCormac-tjyi]

At 38, I made my first home investment, buying at $87k and selling at $197k. The trend continued – my $170k home sold for $320k and a $300k property fetched $589k with buyers covering all costs. It's not about hitting a million before retirement it's about smart investments. My journey began with financial adviser David Marvin Wills, leading to significant portfolio growth in three months. Reinvesting profits, I recently bought my second home and treated myself to a new car for Christmas.

[peterpestano]

Thank you so much For explaining. I have been looking at so many videos and Buying so many. Explaining is more complex than you do for free. This is unbelievable. I will profit from your teaching.

[hmkjr]

Do you have a video that elaborates on what you do when shares get called away? Do you turn around and sell a CSP at the same strike you were called away at? Thanks!

[johnmancino]

If/when the underlying (SPY in this case) makes a new 52 week, once could consider selling a slightly OTM Call and use some of the premium to purchase an OTM Put (to protect against a correction) and still receive a net credit.

[h.h.]

Doesn’t work once the share price dips below your cost basis… then you put yourself at risk of getting assigned for a loss. Guess how I know … I’m holding a lot of bags and incurred a lot of losses this year due to market volatility.

[johnprob]

Hey Joe, the etf ARKK is a good etf to sell covered calls on. The premiums are good and it does not take a whole lot of money to buy 100 shares.

[Zombieland]

What about debt and credit spreads for extra income.

[ghostpm]

Great video. I always look forward to your content.

What is your opinion on selling deep out of the money weekly cash-secured puts on something relatively stable like QQQ using your available margin? I'm thinking something 10-20% away from the current price.

If price drops within 1-2% of your strike you could roll down and out to the next week so that you never have to actually take possession of the shares and pay the margin interest.

It seems to me like a slight increase in risk for what could be a fairly substantial increase in return.

[jeannettedrown]

Very interesting idea. Thank you for describing it to us.