Selling Covered Calls on a Small Portfolio | Road to Financial Freedom Ep. 1

In this video, I open up a new $5000 portfolio on Robinhood with the goal of seeing how quickly I can grow it to the point that it provides a full-time income.

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*This video is purely for informational and entertainment purposes, and should not be taken as investment advice*

[MoreMoneyLessProblems]

📈 GET UP TO 6 FREE STOCKS BY SIGNING UP FOR WEBULL USING MY REFERRAL LINK
(Stocks valued between $35 and $12, 600. Promotion ends June 9, 2022)

📈 SPREADSHEETS, TRADING NOTIFICATIONS, AND MORE VIA PATREON

[shresthas]

Thanks mate. I started selling covered calls after watching ur videos. Going good so far.

[cryptoenthusiast]

I’ve always wondered why no one ever teaches this strategy for financial freedom. It’s genius, and I’m following along with you.

[calvinmott]

This guy deserves so many more subscribers than he has

[primetime]

Niceeee, I've been wheeling the past 9 months now and im loving it... everyone has videos on it now but I never see anyone do it with big money where you can live off of the premiums. Subscribed!

[blisspitchingvideos]

I'm riding with you on this challenge, Charlie. Looking forward to it!

[passiveinvesting_automation]

Awesome Video Man, Excited to follow this series! 🔥🔥

[goldknox]

A playlist would be good for your small portfolio challenge. Twice a month updates would be great

[toothybj]

I think most people assume that you’ll stop earning money 100% when you retire and just sap off your retirement assets until they’re gone.
If you still sell stocks/options and create other (hopefully passive) income streams, then you can easily continue to grow your wealth in retirement IMO.

[NiftyPants]

As someone new to this, Im kind of tempted to just copy your $5000 portfolio lol. Good vid as always

[parulshah]

thanks for sharing = nice video
please update us

[mikeglidewell]

would love to see weekly updates on this. thanks

[gregfrance]

Charlie I have a small account and want to use the covered calls system, I am looking for stocks between 8 to 20 dollars since I will be buying 100 shares. I am going to use Finnviz to help me search for good solid companies I want to own. I know you have spoken about your parameters for stocks you are willing to own. Can you do a FinnViz video showing exactly what it is you are looking at and why? Thank you for your content.

[juju]

I'll leave a like for now. But next time your microphone better be a CRSR product.

[scopo]

Another great video Charlie! Thank you! Definitely looking forward to updates. Is the portfolio tracking spreadsheet something you'd be willing to share? Thanks! Keep it up!!

[miketimmons]

Hi Charlie, thank you for your postings. Is there any advantage/disadvantage to using EFT funds?

[goldknox]

7:34 You made descent premium but you could have tripled your money because a month later the stock is $35 and you capped yourself at 12.

9:30 Again, nice premiums but could have almost doubled your price to $56

How about using some of the premiums to buy deep otm calls that way you can take advantage of it blows up

[juliamundt]

Good video Charlie.
Please explain how you plan to invest the $200/week and the covered call premiums & stock sale $s back into your portfolio, after paying RH GOLD and interest on use of margin.
Is reinvestment of profit /premiums the same %allocation 20/10/110, and if so, do you plan on buying fractional shares?
If your call option is ITM at expiration, and gets called away, do you plan to buy back the same stock on a dip? Sorry so many questions.

[sebastianusoscar]

Instead of using margin, why don't you try to replace your 100 stock with buy deep itm call options on your covered call strategy?
Let's say buy call strike 4 ZNGA..?

[JeanValjean]

I can't imagine using debt to buy stocks, ever. What happens when the market crashes? You're kinda screwed