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In this video, I do an in-depth video on how to use the Wheel Strategy to make around $500 a month.
I use AMZN as my example and show a tutorial on how to do this on the Think or Swim Web Platform from Schwab.
Let me know if you have any questions and thanks for the support!
-Steve 🙂
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My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
This video really hit home for me-retirement has been such a rewarding chapter of life! My spouse and I worked hard to get here, and we're incredibly thankful for where we are today. Now we're debt-free with a net worth over $3 million, and that investment income supports us every week. we're enjoying the fun stuff-traveling, golfing, and spending lots of quality time with our grandkids.If you're working toward retirement, just know it's absolutely possible with patience and a good plan!
It’s amazing how quickly a market slump can flip. When panic peaks and the news is grim, that’s often the moment a bull market is born. After seeing stories of people making $150,000 amid the chaos, what stocks should we be loading up on or watching closely?
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession– it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Boss ayaw nalang na sela tandoga boss kay nangamatay nang oban polis oban napotboli na
Sorry, what if you were not able to sell your stock?
Thank you for this video. I was confused on a few things watching other peoples videos but you cleared them up. I was fortunate to have sold my home for a nice profit last month. I am 53 yrs old and planning to retire in a few months, move to asia where I have property that is almost paid off. I plan to do this to earn more income and not worry if my pension will cover my expenses and my retirement. I just opened a Schwab account also so this was perfect!
Thank you! This is exactly what I was looking for. All of your videos are great.
Hello Steve, I know this is an older video but I wanted to let you know that even an old guy like me who works with valuing investments can learn something new. You see, I'm a long-term buy and hold investor who has 401Ks and of course, the idea is to dollar-cost average over a long-term time horizon to build wealth. I know that's a primary component of any investing strategy, but the trick is to purchase good quality companies with great fundamentals and a long track record. For instance, while not a major price mover, Coca Cola has a record of increasing its dividend for over 60+ years. That being said, I've not focused as much on the shorter-term investments as I don't qualify as a speculator. Now given the rationale behind the wheel strategy, I realize that I really like this strategy even though it has a few cons. I can "play" with appreciated shares I already own and obtain premium. Of course, there is much more for me to learn other than your beginner videos, but you've given me a lot of food for thought that I'll start putting into practice. I need to learn more about the option "Greeks" and I look forward to more of your videos!!
This was so helpful, thank you Steve!