Revealing My New Dividend Portfolio Strategy to 💣💣 CASH FLOW

In this video we are talking about my dividend cash flow portfolio and I am modifying it to incorporate an options strategy.

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[AverageJoeInvestor]

What's Up Everybody! THANK YOU for watching and please leave your $0.02 here in the comments! I am responding to every comment left today. =)

[stitchergary]

I started doing similar at the beginning of 2021... as of 11/19/21 I've earned on average $855 per week using this strategy.... I usually have covered calls on all my stocks because I can earn more on the option premium than the dividend so if the shares are assigned/sold it doesn't bother me....on average I have about 100 contracts in process each week....the big negative is when you get assigned a stock and it just continues going down and down and down (the same if you just bought a stock without options being involved) ...my goal for 2022 is modifying my plan to reduce those big losses....thanks for the video and anxious to see your progress....

[CeeCeemalone]

Excited to see how this strategy plays out!! Very happy to see you use options in your channel, as I think you will be amazing at explaining things perfectly. One of my favorite channels. Your hard work is very much appreciated Joe.

[martinvaladez]

Great video! Would love to see another in depth video on how to begin doing the wheel option strategy for extra income.

[wagneralopes]

Hi Joe! Thank you for the video. What do you think about CEF? In my opinion they are great for a dividend portfolio.

[emericaunited]

Your volatility is about to get crazy. Enjoy the ride!

[dcollett]

Thank you for this . Looking forward to following along. Cheers from Canada !!

[jaypaladin-havesmartswilll]

How many hours per week have you estimated, you will spend on this wheel strategy?

[sparfuchs]

Hey, never found options on RYLD... am i mistaken? And the premiums on QYLD are quite low unfortunately. Only interesting when the price is nearing an options strike... have the same plans here... But for the wheel, i like some high yielders like MPW Reit or Pembina more.... more premium, more strikes for flexibility....

[matthewwallace]

Joe, I always enjoy your content!
Question for you: How do you choose the strikes for your puts/calls? Do you seek out a particular Delta level?

[antonkanyek]

Hey Joe! Just wanted to let you know that your video inspired me to pull the trigger with selling covered calls and puts. This definitely re-ignited my interest to do more research. Thanks!

[BlueGaia]

I'm creating a 30 stocks only portfolio that pays monthly dividend! Should be an exciting topic for your channel. Thx for all the videos, great work!!

[hrstolive]

Love this idea of selling puts and doing the wheel

[doug]

Howdy from Texas Joe, big fan, question are you starting three separate accounts? I. E. Different account numbers of just grouping them on paper on a single account?

[twloughlin]

I still can't shake the "if it sounds too good to be true, it probably is" feeling. But I am definitely going to follow your progress to see if it works. Best of luck!

[josevergara]

Great video Joe
How about another video about all your accounts.

[sagig]

Thanks Joe as always, really really interseting. Hey, are you only selling weekly options? are you doing this every week? also, what is the tax implications of the wheel strategy? any chance you can talk about the tax implication?

[fostroggalf]

Another great video. Really interested to see how this strategy pans out.

[vicentecabrera]

You should get international and emerging markets exposure. 70/22/8 split would be my advice. BX is also really good to get private equity exposure (only way with small account) in your portfolio, which is amazing.

[Nemo-ynsp]

Interesting. I have my Fidelity portfolio (all my investments within Fidelity) divided into what you call segments - but I call them accounts, which are within my portfolio. Early on I called Fidelity to get the terms straight. :) Segment makes me think of parts of an insect (I'm an insect farmer)