Make Your Own Money Machine With Covered Call Stock Options |
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| By: Marc Abrams | ||||
You will find many get rich quick investment strategies as you search the internet for ways to gain financial freedom. You might even find some that promise to teach you the secret that will make your financial dreams come true overnight. Sounds tempting, right? I have been working in the financial world for over 15 years. I discovered long ago that your best friend in your drive to becoming financially free is time. In order to get the most out of time, you need to develop a plan of attack and you need to start NOW! In my opinion, the best way to create your own money machine is to find a safe, reliable investing strategy to use month after month. I'm not talking about a swing for the fences strategy, but one you can use consistently in both good and bad markets over the long term. The goal is to build wealth over time. With the correct investment strategy, this can be done rather easily. The key is to learn to generate positive monthly returns and reinvest them every month. If you follow this simple plan, the power of compounding will take over. Albert Einstein called the power of compound interest the eighth wonder of the world. He learned that by reinvesting those earnings month after month, the earnings will eventually grow at an incredible rate. You will then have your very own money machine! I have discovered a strategy using covered call options that allows me to make up to 10% returns per month. This strategy works when the stock market declines, unlike common covered call strategies you find all over the internet. How quickly can you build a money machine when you make those kinds of returns every month? Let's take a look. If I started with a one-time $5,000 investment today and consistently earned 5% per month that amount would grow to over $1,600,000 in just 10 years. If I consistently earned 7% per month it would grow to a staggering $16,000,000 in just 10 years. If you had that money in a Roth IRA, it could potentially be tax free. What if you made monthly contributions to your investment? Using the first example, if you invested $100 per month of new money that amount would grow to $2,500,000 in just 10 years! That is with a total investment of just $17,000 ($5,000 initially plus $100 a month for 10 years). 10 years down the road that $2,500,000 could generate $900,000 per year for you to spend. That is the power of compounding. That is how you create your own money machine. Again, the key is in finding the proper strategy to use. The covered call system that I use is different because it works in both bull and bear markets. I started building my money machine. You need to start building yours now! |
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| Article Source: http://yourfinance.co.za | ||||
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