I used to invest in individual stocks, and now I mostly invest in ETFs since i hit $10,000. I wanted to reduce risk on hard earned money that took me 2 years to save. I mostly have 40% in VOO 25% in QQQM 15% in SCHD and 20% in individual stocks.Seeking best possible ways to grow $500k into $1m+ before retirement in 5 years
Similar portfolio. Except I have SCHG instead of QQQM, both are really good though. I've thrown VGT in the mix to make up my 2 Growth ETFs. To take it to the next level, explore dollar-cost averaging and dividend reinvestment. However, it's essential to consult with a financial advisor to create a tailored plan aligned with your unique goals, risk tolerance, and retirement timeline.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Accurate! asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
That’s why I make it a point to speak with a financial advisor before choosing any investments. I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends. In addition they have access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made about millions working with my advisor for over three years now.
My CFA ’Annette Christine Conte, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.
@@Helen_white1 Jessica is promising 5-20% returns per month. Is this practical? Is she legit? Did you just move your money to her checking account and she started trading for you? How did she help you? Thanks for any helpful feedback you can provide 🙏
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
The best case scenario in this example is .8% per month which is 9.8% per year. This is best case. Expected return is lower. This is NOT worth the hassels. Wheel Stategy underperforms Buy and Hold. Buy and Hold has higher return and lower risk and no mindshare.
What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. Credits to my FA Kevin S Mikan.
Looks like he really knows his stuff. I also found his online page and read through his resume, educational background, qualifications and it was really impressive.
Good info as always. Just a note for those who are starting out: using SPY, you'll need an options-approved account with about $56,000 or more in it to start the wheel strategy as described in the video. A single option contract is 100 shares and at a strike around $560 (currently) that's $560 x 100 = $56,000 if the option is assigned.
I Hit 12k today trading. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Louise O'Brien for helping me achieve this.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
It's the inevitable and historic conclusion of central banking. Give it about 70 years and it implodes. This goes back to ancient China when the were printing money from tree bark. It can be argued that it was fully embraced by Johnson's Great Society and fully implemented when Nixon eliminated any tie to gold. So somewhere around 2039-2043 it all comes crashing down.
His example where it goes from $25 all the way down to $15 and I buy $20 strike.. and the covered call premium earned is so tiny on $20 strike at $15.. yeah I run into that a lot lol 😅
I agree you can collect decent premiums monthly but when you're assigned you're most likely going to be buying high and selling low. So your initial investment is always losing value it seems like.
You have to consider the whole wheel strategy for the math to come up to around the 5K per month average. Once assigned if you sell a call for around 20-30 delta you will make around 1500-1800 for 4 contracts but you will also get appreciation of $5200-7500 for 4 contracts if you get assigned on the calls
That’s exactly what I was thinking , he just not including the profit if you end up selling the Call. But I’m with you. You’re really better off with qqq honestly .
Thank you for a concise presentation. Very nice intro to the wheel on SPYs, and I really like it because whatever they say about Fed's mandate, in the last years somehow it miraculously came to the help of a struggling SPX (SPY) many many times (unlike, say, RUT (IWM)). A couple nitpicks: 1. The author talks about a necessity to keep cash reserves to allow for a covered strangle (selling cash-secured puts (CSP) AND covered calls (CC) when assigned and SPY seems too shaky), yet calculations of returns are performed based on the assumption that full 200K are used for CSPs. 2. I'd love to hear more about the author's thoughts of how to handle black swan (BS) events. Yes, the most memorable COVID BS event resulted in a V-shaped recovery, but that doesn't guarantee, of course, that future BSs won't result in long slumps. And what would be a strategy to recover from a 20-30% fall in markets if the markets will stay there for an extended period of time.
A big disclaimer should be you MUST have a margins account, NOT A CASH account to do this strategy safely. I screwed myself early on thinking i could roll the position, but had a cash account 💯. Happy and safe trading everyone!!!
Question on capital gains on short term options trading: If I actively trade options with short term positions, unless I'm trading inside a IRA, I would get hit with capital gain taxes which is based on my income bracket, which can be 2X the long term capital gain tax rate. I know I can put my money into a IRA and trade capital gain tax free but I can only deposit $6K per year, I think. How is everyone doing this while keeping capital gain taxes to a minimum?
I'm 55 and approaching retirement. Having avoided stocks since the pandemic, I want to give it another go. I am considering a 70/30 stock : bond ratio with $800k received from sales of my Bel-Air properties. What stocks do you think have the best chance to 10x in 5 years?
Exactly, getting proper financial advise is invaluable, my portfolio is well-matched for every season of the market and recently hit 140% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year.
I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?
excellent share, curiously inputted Katherine Nance Dietz on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
He starts off good and you look forward to an illustration you can follow and copy then he diverts to talking about his origins, retirement, travel, world politics, economics and then back to the illustration...by then concentration is distracted. Wish he'd stick to the title of his videos.
I want my money to grow faster than inflation. I have $150K in Retirement savings and I'm looking for companies to invest in, but I'm not sure what strategies will help me get good returns and steady cash flow.
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
Hi Henry, you said two monthly income numbers in the video $5910 and $4000. The puts you were showing was paying at most $738 per month. With 197k you could sell 4 which is around $2900 per month. The math doesn’t seem to add up
I noticed the same thing... Also he said he likes 0.20 delta, then he picked 0.30 as he's favorite. Maybe it would be around $4000 if he would pick a strike price higher with 0.20 delta.
Henry cannot do math. With $197K, you can sell 3 cash secured 560 puts. This is $2214 best case scenario. And this is 40 days to expiration. This comes out to about 10% annual return best case scenario. Expected return is lower. Nothing to get excited about. Buy and Hold is higher return, lower risk and no BS.
Markets was terrible yesterday. Thanks for the advice did a put option and call. Put option went up 550. Will sell when market opens. Call option dosent expire until Friday. Will buy another option at discount should be a Green Day on spy
The wheel underperforms buy and hold in pretty much every back test ever. If you just threw that 197k into spy you would end up with a higher ROI then with the wheel.
You're speaking my language: consistent and safe strategy. I have been looking everywhere for a simple, repeatable high level income skill and you're the EXACT teacher generously giving your knowledge away. Thank you!
If you’re trying to avoid wheel strategy, yes. However, the points you mentioned are usually discounted because buyers understand these are resistance points too. But yes
Biggest risk is a market implosion so big that there's no premium in the covered calls that are above your assigned basis. Selling covered calls below your basis is risky if you get caught in a whipsaw rally. Could very easily get stuck in the stock for a long time waiting for a recovery to sell calls again. EDIT I see you talked about that. By the time you are my age you'll see this scenario a few times.
Thanks for the forecast! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Anyone who got in 2 days ago, just got a 1% premium and lost about 5% of their captall account.... Now they got to sit on the sidelines and wait for the stock to recover.
What would you do if you get assigned, sell a call option, then the SPY keeps moving down after you collect the premium? You would keep selling call options but the price of the SPY keeps moving down and when it finally moves up you are automatically out with a big loss by holding the SPY while it was going down. You have been collecting premium on selling call options while the SPY was going down but that will not be enough when the SPY finally moves up and passes the call strike because your call strike will be way lower than what you bought the SPY for. Please answer.
Depends on market moves but if the market does not move 2-3% ever 30-45 days is doable. The trick that requires stocks with reasonable large implied voliility. You can get messed up in a sustained down turn, when at the end it turns back up, if your rolling calls back up to avoid losing money on stock sales, you will have months of 0 gains.
There seems to be a lot of talk about Nio lately and a possible turnaround of the share price since it has lost over 90%. What do you think will happen?
Heard about this strategy a few years back and like short selling it takes doing to get it fully. Thank you for giving information that can provide net income. Anyone can attain if they really want to. Getting 200k sounds intimidation but you can do it!
Liquidity. There is barely any open interest on options with voo so few buyers and sellers. SPY is one of the biggest and most liquid etf's out there. The wheel is not money efficient nor does it beat just putting money into spy on it's own.
With spy you hold shares, while spx is cash settled. You can run synthetics on spx. It would depend if xsp has options and enough volume and open interest to trade.
Also, I’m not sure if this can be back tested for market corrections which can be very deep. It takes a long time with a strategy to dig yourself out of a market. Correction your cost basis with buying the stock can be way higher and you can’t keep selling at 30 Delta from the current pricespy has dropped 5% or 7% or something crazy
I understand the strategy, but to implement this with the tools from other platform, i find difficult. One reason its difficult to take your course. Please offer any advise for a beginner
Hi Henry! Thanks for the great advice. I currently have a small account, and am looking to grow it. Am I able to sell puts, Without owning hundreds of NVDA stock? Thanks.
No. Cash secured puts means you have to have the collateral needed incase of assignment if the position works against you. Brokers will not let you sell them without it. If you somehow get access to level 4 options trading then you could sell naked puts but that comes with a theoretical infinite risk ie: you can lose more than what you have due to margin.
The SP500 index is rising because it is denominated in dollars, the value of which is falling, the chart and the rates of return you show do not take into account the high inflation we have.
Retirement becomes truly rewarding when you have two key components: a solid financial foundation and a clear sense of purpose. Making wise investment decisions is crucial to achieving strong returns and enjoying a secure retirement.
Rising costs have impacted my original plan to retire at 62, work part-time, and grow my savings. I can't help but wonder if those who navigated the 2008 financial crisis had an easier time compared to the challenges I’m currently facing. Market volatility, combined with a lower income, has me concerned about having enough for a comfortable retirement.
You’re absolutely correct-financial advisors have access to strategies and opportunities that aren’t always available to the general public. I earned £560k in 2022 with guidance from my fiduciary advisor. Am I cashing out? Definitely not. I’m taking a step back to watch how the market evolves.
I’ve been considering that path myself. I have a significant stock portfolio, but some holdings are starting to decline in value. I'm unsure whether to hold onto them or sell, and I think hiring your advisor could help me effectively restructure my portfolio.
@@DanöVee The advisor I rely on is Rebecca Lynne Buie, a licensed professional. A quick search will provide the information needed to get in touch and arrange an appointment.
The advisor I rely on is Rebecca Lynne Buie, a licensed professional. A quick search will provide the information needed to get in touch and arrange an appointment.
This video (especially the headline) is misleading and might bring ruin to the gullible people, most of whom can barely compute percentage let alone understand the esoteric world of options. I checked the option chain for October, one month ahead and for 20 delta, get $3 for $550. In annual percentage, that amounts to 6.5% approx and so I have no clue as to how this gentleman is speaking of 3% monthly. Even with a stomach for higher risk as in 30 delta, it is $4.23/558 or about 9% annually (not too shabby) if you have 50 grand to play with. Folks, do your homework! There is no FDIC watching your back.
This video is such BS. If anyone thinks they can make a consistent 3% PER MONTH without constant attention they are kidding themselves. Anyone using this strategy within the last week would have been distroyed.
3% per month isn’t impossible. But on the SPY?! Dude is selling 30 day contracts that will be in the money if spy falls 2%. Little risky, and risking 55k to get 457 is less than a 1% return. And doing it at market peaks isn’t really ideal
I love the wheel strategy. That’s what I use most. The problem is I have a small account under 30K. So, I’m making money just not a lot. If I hade 197K I would be making serious bank everyday. If I had 197K I could easily turn it into 1 million in a year.
This is an irresponsible moment to be telling people to start using this strategy. People are going to blindly through their money at it without any practice and we’re potentially at a medium to long term market top right now.
During high volatility, you could set your PUT strike much lower while still collecting a good premium. Tomorrow morning could be a good time to sell PUT with the spike in VIX.
Everyone has the responsibility to do their due diligence to study and analyze if this adjust their financial situation and goals. If they dont study first, its on them.
I like this. I also like AEHR test systems. Small cap tech that was an EV semi stock now getting into the AI space. Their addressable market is about to increase dramatically. The market for AI chips is much much larger than the market for EV chips. I own and think it has alot of potential. Looking to see what other traders think of it. They have no debt and a nice profit margin.
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. Despite the dip in the market I stil thank you for level headed financial advice. I start investment with 11k and since following Miss Mila Wilfred for few weeks now I've gotten 19k in my portfolio.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
Capital preservation is crucial. Losing your initial investment can significantly hinder your ability to generate returns, making it essential to prioritize protection over growth.
As a soon retiree, keeping my $401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to $25Ok R0I in this current crashing market, any recommendations to scale up my R0I before retirement will be highly appreciated
it's been a brisk tailwind for lnvestors in US stocks over the decades but it's a delicate season now, hence i advice you the guidance of a financiaI advisor
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
SCAM ALERT DO NOT FALL FOR THIS. Scammer is back posting with different accounts. Nobody has a holy grail that they share. Don’t fall for this lie you will lose your money. TOTALLY A SCAM!
@@mandyyonge SCAM ALERT DO NOT FALL FOR THIS. Scammer is back posting with different accounts. Nobody has a holy grail that they share. Don’t fall for this lie you will lose your money. TOTALLY A SCAM!
I used to invest in individual stocks, and now I mostly invest in ETFs since i hit $10,000. I wanted to reduce risk on hard earned money that took me 2 years to save. I mostly have 40% in VOO 25% in QQQM 15% in SCHD and 20% in individual stocks.Seeking best possible ways to grow $500k into $1m+ before retirement in 5 years
Similar portfolio. Except I have SCHG instead of QQQM, both are really good though. I've thrown VGT in the mix to make up my 2 Growth ETFs. To take it to the next level, explore dollar-cost averaging and dividend reinvestment. However, it's essential to consult with a financial advisor to create a tailored plan aligned with your unique goals, risk tolerance, and retirement timeline.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
You'll probably have to take more risk.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Your allocation looks solid. Consider dollar-cost averaging & dividend reinvestment. I suggest you consult with a financial advisor for guidance.
Accurate! asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
That's incredible. Could you recommend who you work with? I really could use some help at this moment.
Amy Desiree Irish is the advisor I use and am just putting this out here because you asked. You can Just search the name.
Wow!! her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
That’s why I make it a point to speak with a financial advisor before choosing any investments. I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends. In addition they have access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made about millions working with my advisor for over three years now.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
My CFA ’Annette Christine Conte, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I checked her up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.
@@Helen_white1 Jessica is promising 5-20% returns per month. Is this practical? Is she legit? Did you just move your money to her checking account and she started trading for you? How did she help you? Thanks for any helpful feedback you can provide 🙏
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
Pls how can I reach this expert, I need someone to help me manage my portfolio.
Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
The more I watch your channel, the more complete understanding I get, thank you Henry
The best case scenario in this example is .8% per month which is 9.8% per year. This is best case. Expected return is lower. This is NOT worth the hassels. Wheel Stategy underperforms Buy and Hold. Buy and Hold has higher return and lower risk and no mindshare.
What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.
Just buy Gold and protect your assets, the stock market is a rollercoaster.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. Credits to my FA Kevin S Mikan.
@@LaverneWhitman I appreciate this. After curiously searching his name online and reviewing his credentials, I'm quite impressed.
Looks like he really knows his stuff. I also found his online page and read through his resume, educational background, qualifications and it was really impressive.
it is the same risk as if you buy the shares... if the market tanks 50% you are fucked...
Good info as always. Just a note for those who are starting out: using SPY, you'll need an options-approved account with about $56,000 or more in it to start the wheel strategy as described in the video. A single option contract is 100 shares and at a strike around $560 (currently) that's $560 x 100 = $56,000 if the option is assigned.
better to do credit spreads
@@eddieolsen100 Or both if you have the capital.
I Hit 12k today trading. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Louise O'Brien for helping me achieve this.
You trade with Louise O'Brien too? Wow that woman has been a blessing to me and my family.
That woman has changed my life for good. I attended her investment class couple of weeks last year and she’s the best when it comes for Guidance.
I've heard a lot about her. Please how do I contact Louise O'Brien?
I'm happy to see Mrs Louise O'Brien mentioned here, my husband recommended her to me when I was in Germany during Covid, she's amazing.
I was skeptical at first till I decided to try. It's huge returns is awesome. I can't say much
My man running the wheel strategy by making a video on this topic every month too! Lol
Many of us appreciate the information even if he makes a video about it every month.
because it works...... I do this with almost 300 but get about 1.2% a week
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
It's the inevitable and historic conclusion of central banking. Give it about 70 years and it implodes. This goes back to ancient China when the were printing money from tree bark. It can be argued that it was fully embraced by Johnson's Great Society and fully implemented when Nixon eliminated any tie to gold. So somewhere around 2039-2043 it all comes crashing down.
If that's true, what condition is the rest of the world in?
His example where it goes from $25 all the way down to $15 and I buy $20 strike.. and the covered call premium earned is so tiny on $20 strike at $15.. yeah I run into that a lot lol 😅
Bad advice to suggest someone with $200,000 risks 25% one one trade Henry! The wheel's good yes, but not at these levels..
The wheel is not that good and does not beat buy and hold on the s&p - this has been backtested to death and it always under performs.
I agree you can collect decent premiums monthly but when you're assigned you're most likely going to be buying high and selling low. So your initial investment is always losing value it seems like.
Math doesn't add up. 197K is roughly 4 CSPs with 30 delta. So that's $457x4 = roughly $1800. Is this correct?
exactly
but my broker gives me 4 to 1 leverage so if i have 100k they give 400k leverage
You have to consider the whole wheel strategy for the math to come up to around the 5K per month average. Once assigned if you sell a call for around 20-30 delta you will make around 1500-1800 for 4 contracts but you will also get appreciation of $5200-7500 for 4 contracts if you get assigned on the calls
That’s exactly what I was thinking , he just not including the profit if you end up selling the Call. But I’m with you. You’re really better off with qqq honestly .
@@shawndale8313 the only way is to buy 400 shares of spy then sell calls and then sell 4 puts
All I need is 400 shares of qqq to never ever work again 😭😭😭😭😭😭😭😭✌️
Can i poop in your cereal Daniel i promise to leave you a small cup of sugar n the pee you asked
Go for QQQM
Option trading has many strategies for bullish, bearish, and neutral markets. This is but one.
Thank you for a concise presentation. Very nice intro to the wheel on SPYs, and I really like it because whatever they say about Fed's mandate, in the last years somehow it miraculously came to the help of a struggling SPX (SPY) many many times (unlike, say, RUT (IWM)).
A couple nitpicks:
1. The author talks about a necessity to keep cash reserves to allow for a covered strangle (selling cash-secured puts (CSP) AND covered calls (CC) when assigned and SPY seems too shaky), yet calculations of returns are performed based on the assumption that full 200K are used for CSPs.
2. I'd love to hear more about the author's thoughts of how to handle black swan (BS) events. Yes, the most memorable COVID BS event resulted in a V-shaped recovery, but that doesn't guarantee, of course, that future BSs won't result in long slumps. And what would be a strategy to recover from a 20-30% fall in markets if the markets will stay there for an extended period of time.
I always thought financial "professionals" advice to "stay the course" was bogus.
A big disclaimer should be you MUST have a margins account, NOT A CASH account to do this strategy safely. I screwed myself early on thinking i could roll the position, but had a cash account 💯. Happy and safe trading everyone!!!
50% BIL, 30% AGG and 20% SPYI works in most markets bull or bear
Question on capital gains on short term options trading: If I actively trade options with short term positions, unless I'm trading inside a IRA, I would get hit with capital gain taxes which is based on my income bracket, which can be 2X the long term capital gain tax rate. I know I can put my money into a IRA and trade capital gain tax free but I can only deposit $6K per year, I think. How is everyone doing this while keeping capital gain taxes to a minimum?
I'm 55 and approaching retirement. Having avoided stocks since the pandemic, I want to give it another go. I am considering a 70/30 stock : bond ratio with $800k received from sales of my Bel-Air properties. What stocks do you think have the best chance to 10x in 5 years?
Exactly, getting proper financial advise is invaluable, my portfolio is well-matched for every season of the market and recently hit 140% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year.
I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?
Katherine Nance Dietz is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
excellent share, curiously inputted Katherine Nance Dietz on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
Bitcoin
He starts off good and you look forward to an illustration you can follow and copy then he diverts to talking about his origins, retirement, travel, world politics, economics and then back to the illustration...by then concentration is distracted.
Wish he'd stick to the title of his videos.
Will note this
I want my money to grow faster than inflation. I have $150K in Retirement savings and I'm looking for companies to invest in, but I'm not sure what strategies will help me get good returns and steady cash flow.
Choose good stocks and keep track of them. If that feels too complicated, hire a financial advisor to grow your money. That's what I do.
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
Hi Henry, you said two monthly income numbers in the video $5910 and $4000. The puts you were showing was paying at most $738 per month. With 197k you could sell 4 which is around $2900 per month. The math doesn’t seem to add up
He lie about the real profit .....is. for. Get dummies
I noticed the same thing... Also he said he likes 0.20 delta, then he picked 0.30 as he's favorite. Maybe it would be around $4000 if he would pick a strike price higher with 0.20 delta.
Henry cannot do math. With $197K, you can sell 3 cash secured 560 puts. This is $2214 best case scenario. And this is 40 days to expiration. This comes out to about 10% annual return best case scenario. Expected return is lower. Nothing to get excited about. Buy and Hold is higher return, lower risk and no BS.
First you say 20 delta. Then you say 30 delta.
Which is it?
King Henry! 💯 thank you. You’re the only you tuber who i completely understand options.
Wow, King, no less! I thought maybe Squire or Jester would be the best!
thanks Henry for providing such a useful Video. this is exactly what I want to learn.
Markets was terrible yesterday. Thanks for the advice did a put option and call. Put option went up 550. Will sell when market opens. Call option dosent expire until Friday. Will buy another option at discount should be a Green Day on spy
It took me awhile to actually "get it" this video i think i finally got it with wheel strategy, thank you
The wheel underperforms buy and hold in pretty much every back test ever. If you just threw that 197k into spy you would end up with a higher ROI then with the wheel.
I am doing call
Credit spread instead of covering call
I am slowly building up that amount but I need about 2x that income but I love the Wheel and really enjoy your videos
@InvesttWithHenry you do how to see if someone is replying with a spoof account right?
You're speaking my language: consistent and safe strategy. I have been looking everywhere for a simple, repeatable high level income skill and you're the EXACT teacher generously giving your knowledge away. Thank you!
You can learn this stuff anywhere!
How much do you recommend to have in an account before you start the wheel strategy?
Enough to cover 100 shares or more.
Another great video! How do you join your discord?
Wait don’t you sell a put just below support? And sell a call above resistance?
If you’re trying to avoid wheel strategy, yes. However, the points you mentioned are usually discounted because buyers understand these are resistance points too. But yes
I don't like trading something at all-time highs, especially one that is sooooooo sensitive to market news.
How about selling puts on SPXL vs. SPY?
Biggest risk is a market implosion so big that there's no premium in the covered calls that are above your assigned basis. Selling covered calls below your basis is risky if you get caught in a whipsaw rally. Could very easily get stuck in the stock for a long time waiting for a recovery to sell calls again. EDIT I see you talked about that. By the time you are my age you'll see this scenario a few times.
Thanks for the forecast! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Anyone who got in 2 days ago, just got a 1% premium and lost about 5% of their captall account.... Now they got to sit on the sidelines and wait for the stock to recover.
The link does not lead to Discord but an infomercial, inviting us to join a course.
What would you do if you get assigned, sell a call option, then the SPY keeps moving down after you collect the premium? You would keep selling call options but the price of the SPY keeps moving down and when it finally moves up you are automatically out with a big loss by holding the SPY while it was going down. You have been collecting premium on selling call options while the SPY was going down but that will not be enough when the SPY finally moves up and passes the call strike because your call strike will be way lower than what you bought the SPY for. Please answer.
if you do not want to lose your share, just roll your call strike higher.
@@isaackk2839 Then you would take a loss on the call option you closed out and defeat the purpose of collecting income.
That is why you don't sell a call below your cost average. It's that simple
I like this strategy but no way you're getting 3% per month.
Depends on market moves but if the market does not move 2-3% ever 30-45 days is doable. The trick that requires stocks with reasonable large implied voliility. You can get messed up in a sustained down turn, when at the end it turns back up, if your rolling calls back up to avoid losing money on stock sales, you will have months of 0 gains.
You must be a "financial advisor".
There seems to be a lot of talk about Nio lately and a possible turnaround of the share price since it has lost over 90%. What do you think will happen?
Head Prestige... I use the same racquets :)
@Henry. What trading platform are you ? Robinhood?
ABC
Is it better to let the put assign or to roll over the put when it's in the money until it expires worthless to avoid having it assign?
If you're expect the market to go down more, then you should roll over.
Heard about this strategy a few years back and like short selling it takes doing to get it fully. Thank you for giving information that can provide net income. Anyone can attain if they really want to. Getting 200k sounds intimidation but you can do it!
Thank you so much Henry. May I ask if I can do the same on VOO? Or is there a reason why you use SPY instead of VOO? Really appreciate your videos.
Liquidity. There is barely any open interest on options with voo so few buyers and sellers. SPY is one of the biggest and most liquid etf's out there. The wheel is not money efficient nor does it beat just putting money into spy on it's own.
@@corail53 Thank you so much! Really appreciate that. That makes sense!
Not much volume on VOO. Spy has much more volume to trade.
@@randythayer8754 Thank you so much! Make sense.
Hey Henry can you recommend a good option screener for us, preferably free
What?
Well shit with spy at 590 now you’d be good. Are you still doing classes?
Excellent video
Noob question... Any reason to choose either SPY or SPX over the other?
Would XSP be a way to try this with less tied up capital?
With spy you hold shares, while spx is cash settled. You can run synthetics on spx. It would depend if xsp has options and enough volume and open interest to trade.
how do i get coaching as u stated in your videos? u have students?
Spy is trading below 540 3 days later, what a world we live in
Lots of strange math on this vid
4000 in 55000 a month? 7% a month? how on earth can u make it happen?
You’re in Europe. The outlet behind you gave it away 😊
FBI is watching 😂
47 countries, you're a genius.
If I was making 3% per month, I wouldnt be making youtube videos or discord channels.
Why?
I love SPY, Coincidence
What are your thoughts on wheel vs leaps? (maybe that's a whole video itself haha)
the problem is its actually hard to close out on these strategies. it will be in the queue but never close out.
Also, I’m not sure if this can be back tested for market corrections which can be very deep. It takes a long time with a strategy to dig yourself out of a market. Correction your cost basis with buying the stock can be way higher and you can’t keep selling at 30 Delta from the current pricespy has dropped 5% or 7% or something crazy
I understand the strategy, but to implement this with the tools from other platform, i find difficult. One reason its difficult to take your course. Please offer any advise for a beginner
Hi Henry! Thanks for the great advice. I currently have a small account, and am looking to grow it. Am I able to sell puts, Without owning hundreds of NVDA stock? Thanks.
No. Cash secured puts means you have to have the collateral needed incase of assignment if the position works against you. Brokers will not let you sell them without it. If you somehow get access to level 4 options trading then you could sell naked puts but that comes with a theoretical infinite risk ie: you can lose more than what you have due to margin.
Just trade spreads and increase the number and widths as you grow.
Best to use virtual money first. This strategy has huge risk.
only works if mkt goes up
50% a year strat ya ok buddy
How do you get on your discord?
The SP500 index is rising because it is denominated in dollars, the value of which is falling, the chart and the rates of return you show do not take into account the high inflation we have.
Is there a link to your put option sell(s) on your Discord? How do you see your Discord? Thank you
Please use my link in description for more info :)
Bro, sell put below the support and not resistant kkkkkkkk
There’s def money to be made but also huge risk
Or take no risk and continue as current.
Would like to try it
spy is more expensive than voo, it requires more capital
Retirement becomes truly rewarding when you have two key components: a solid financial foundation and a clear sense of purpose. Making wise investment decisions is crucial to achieving strong returns and enjoying a secure retirement.
Rising costs have impacted my original plan to retire at 62, work part-time, and grow my savings. I can't help but wonder if those who navigated the 2008 financial crisis had an easier time compared to the challenges I’m currently facing. Market volatility, combined with a lower income, has me concerned about having enough for a comfortable retirement.
You’re absolutely correct-financial advisors have access to strategies and opportunities that aren’t always available to the general public. I earned £560k in 2022 with guidance from my fiduciary advisor. Am I cashing out? Definitely not. I’m taking a step back to watch how the market evolves.
I’ve been considering that path myself. I have a significant stock portfolio, but some holdings are starting to decline in value. I'm unsure whether to hold onto them or sell, and I think hiring your advisor could help me effectively restructure my portfolio.
@@DanöVee The advisor I rely on is Rebecca Lynne Buie, a licensed professional. A quick search will provide the information needed to get in touch and arrange an appointment.
The advisor I rely on is Rebecca Lynne Buie, a licensed professional. A quick search will provide the information needed to get in touch and arrange an appointment.
I'm a shark and would love $10 but is moonboy asf.
This video (especially the headline) is misleading and might bring ruin to the gullible people, most of whom can barely compute percentage let alone understand the esoteric world of options. I checked the option chain for October, one month ahead and for 20 delta, get $3 for $550. In annual percentage, that amounts to 6.5% approx and so I have no clue as to how this gentleman is speaking of 3% monthly. Even with a stomach for higher risk as in 30 delta, it is $4.23/558 or about 9% annually (not too shabby) if you have 50 grand to play with. Folks, do your homework! There is no FDIC watching your back.
Don't you mean $3 premium x 100 shares/contract?
So what wine? Something strange happens to you as you age.
Ha Henry I give you the money you invest
I'd prefer you try trading yourself, just get yourself an investment coach
@@Michaelsam-t5x Well, as long as you'd prefer it!
Is there any downside to this strategy?
stock go down
This video is such BS. If anyone thinks they can make a consistent 3% PER MONTH without constant attention they are kidding themselves. Anyone using this strategy within the last week would have been distroyed.
3% per month isn’t impossible. But on the SPY?! Dude is selling 30 day contracts that will be in the money if spy falls 2%. Little risky, and risking 55k to get 457 is less than a 1% return. And doing it at market peaks isn’t really ideal
With all the money you have made, get a better camera buddy. 1080p is so 2016 😂
What are you thoughts on doing the same with QQQ?
I love the wheel strategy. That’s what I use most. The problem is I have a small account under 30K. So, I’m making money just not a lot. If I hade 197K I would be making serious bank everyday. If I had 197K I could easily turn it into 1 million in a year.
I would be cautious selling puts on September. Don't get train wrecked!
This is an irresponsible moment to be telling people to start using this strategy. People are going to blindly through their money at it without any practice and we’re potentially at a medium to long term market top right now.
etfs jepy and spyt will replicate and capture daily puts and daily call premium
It's people's responsibility to die their due diligence. Paper testing exists for a reason
During high volatility, you could set your PUT strike much lower while still collecting a good premium. Tomorrow morning could be a good time to sell PUT with the spike in VIX.
Everyone has the responsibility to do their due diligence to study and analyze if this adjust their financial situation and goals. If they dont study first, its on them.
I’m glad you can call market tops and bottoms. Must be working well for you.
To sell a put on SPY I would need $55,000 + That's alot at one time. What other safe ETF , index or stock would be good to run the Wheel?
iwm. small cap etf
with Margin less but in a cash account your right
tqqq
100k and I would quit my job in 6 months
thank you henry
Oct 31st ! Nice!
I like this. I also like AEHR test systems. Small cap tech that was an EV semi stock now getting into the AI space. Their addressable market is about to increase dramatically. The market for AI chips is much much larger than the market for EV chips. I own and think it has alot of potential. Looking to see what other traders think of it. They have no debt and a nice profit margin.
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. Despite the dip in the market I stil thank you for level headed financial advice. I start investment with 11k and since following Miss Mila Wilfred for few weeks now I've gotten 19k in my portfolio.
Everyone needs more than their salary to be financially stable. Investing it with a reliable source is the best.
To be honest, investing is a smart way of securing your family future, grow wealth and beat inflation.
The key to success is finding a set of rules you can follow consistently. I make an average of $15k per week even though I barely trade myself.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
Capital preservation is crucial. Losing your initial investment can significantly hinder your ability to generate returns, making it essential to prioritize protection over growth.
Understand nothing
As a soon retiree, keeping my $401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to $25Ok R0I in this current crashing market, any recommendations to scale up my R0I before retirement will be highly appreciated
it's been a brisk tailwind for lnvestors in US stocks over the decades but it's a delicate season now, hence i advice you the guidance of a financiaI advisor
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
SCAM ALERT DO NOT FALL FOR THIS. Scammer is back posting with different accounts. Nobody has a holy grail that they share. Don’t fall for this lie you will lose your money. TOTALLY A SCAM!
@@mandyyonge SCAM ALERT DO NOT FALL FOR THIS. Scammer is back posting with different accounts. Nobody has a holy grail that they share. Don’t fall for this lie you will lose your money. TOTALLY A SCAM!