Right now we have a unique opportunity to make a guaranteed 11.6% return in the form of INCOME — not an un-realized capital gain — over the next 13.5 months… and from a stock with one of the best dividend growth streaks in history.
This kind of opportunity is almost unheard of, so of course I jumped on it.
In total, I invested over $23,000 into “Dividend Champion” Leggett & Platt (LEG)… and in today’s video, I’ll be sharing exactly what I did to make both guaranteed high income in the short-term AND set me up for safe, growing passive income over the long-term.
And more importantly for you, I’ll show you how you can take advantage of this income opportunity for yourself right now (if you’re interested, of course).
In the video, I refer to Leggett & Platt being featured in the December 2020 edition of Simply Safe Dividends. If you’re not already a member of Simply Safe Dividends, you can get a free 14-day trial to check it out: [ Ссылка ]
I didn't mention this in today's video because I'm doing my best to keep these shorter :) But when it comes to selling call options, I follow some "rules of thumb" to help me manage risk.
In general, I only do buy-write trades like what I did with Leggett & Platt if:
1) I want to own the underlying stock anyways
2) I believe it’s trading at a reasonable price
3) I’m comfortable owning it for the long-haul in case the price drops significantly below my cost basis by expiration, and
4) I’m comfortable letting it go if shares get called away.
5) To be mindful of position sizing, except in rare cases, the value of my trade wouldn’t exceed 5% of my total portfolio value.
6) To minimize taxes and tax paperwork, I only make these trades in my retirement accounts.
Please note: I’m not a registered financial advisor and the ideas I talk about in these videos aren’t specific recommendations for you as an individual. Everyone has different financial situations, risk tolerance, goals, time frames, etc. You should also be aware that some of the trade details (specifically stock prices and options premiums) are certain to change from the time I place my trade or do my research, to the time I film the video, to the time it gets edited, to the time it gets published… and to the time you’re watching this video! So PLEASE, don’t attempt to make this trade yourself without first doing your own due diligence and research.
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ABOUT: My name is Greg Patrick. I'm a dad 🚸... husband👫... travel enthusiast ✈️ 🗺️ ... amateur wood and DIY hobbyist 🔨... aspiring triathlete 🏃🏊🚴... and 1/2 of a music duo 🎵🎙️. I'm also the co-founder of 3 investment / trading sites and newsletters 📊: DailyTradeAlert.com, TradesOfTheDay.com and DividendsAndIncome.com. I've been investing for about two decades, and because of the nature of the business I'm in, I'm exposed to new ideas every single day. Whether you're new to investing or not, I hope something I share here can help you out in some way.
#StocksToBuyNow #DividendStocksToBuyNow #StocksToWatchThisWeek
LEGAL DISCLAIMER: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose your entire investment. If your money is not FDIC insured, it may decline in value. Greg is not a licensed financial advisor, tax professional, or stock broker and he does not purport to be.
OPTIONS DISCLAIMER: Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document may be obtained from your broker, from any exchange on which options are traded or by contacting The Options Clearing Corporation, investorservices@theocc.com.
