generating 1000 $ per month on 150 k investment

Discussion in 'ETFs' started by oktiri, Sep 10, 2010.

  1. I have an investment account that I keep separate from my trading. I like buying good div stocks like JNJ or TOT. I also have some interest paying trusts as well as ETFs like JNK. I sell covered calls against them & I will sell them if they hit an really large spike. With the current market I've had a couple of lucky picks that were up $10 per share or more in a few months, so I put in trailing stops and let them go.
    If the account allows it, write PUTs to "buy" the shares you want and then write CALLs to increase the income while also collecting the dividends. I've only been doing that for 18 months, so I don't know what the long term expectations will be, but it is giving me 17% per annum so far...
     
    #101     Nov 2, 2010