12-20-2021, 07:17 PM
(12-20-2021, 07:11 PM)backroadbob Wrote: Dividend Paying Stocks, Dividends and Options.That's my game. It doesn't work perfectly every month but my dividends are chicken feed in comparison unless I grossly mistime the general direction of the market. I get paid some when I only get it half right. My option premiums are 3X my dividends and much of it was with very boring stocks that can't hurt you near as much as a tech stock in a down spin.
At 73, I am a very conservative investor, but I learned options before learning about dividend paying stocks.
Using cash secured Puts on stocks I would like to own and far out of the money Calls on stocks I own and I wish to keep - here are my results thru the end of November. Just a snapshot of the power of options as an investing tool...
Options: 53K
Dividends: 38K
Safe and Happy Holidays to everyone!