Interest rates are falling so it makes sense to add more to bonds (GOF & PTY) on weakness today. If you watch the entire video, you’ll see which bond fund I chose and why. Ultimately, the decision came down to which would pay margin down faster, and add more qualifying income to banks, so that I can continue to live a financially free lifestyle out of my brokerage account. If you have any questions on how to use margin or Cornerstone, email me for my E-Guides at akintodd48@gmail.com. Your purchase of my E-Guides provides access to my discord chatroom and phone number should you ever need additional assistance.
You are the effing MAN! I got my robinhood margin lowered! All i did was chat with someone through the app and ask!!!!! AMAZING! I have a larger account so this is going to save me tons of money! I certainly owe you a beer!!
Good shyt, Todd. I watch some of your videos at least 2-3 times because you move so fast on your ipad when speaking, lol. Although, Im not brave enough to use margins it will take me longer to get there but dropping nuggets like this is softening my approach through the investment minefield which alleviates one of my major pain points! Although, I would like to be the hare in the race however many of us have no choice but to be the tortoise. Thank you.
Very well said Yuri! Appreciate you. Yes I use it out of sheer necessity to support TJ and initially used margin to qualify for the house w dividend income. That’s what made me go through with it easier IMO.
PTY is my favorite by far. Ive been letting it drip for years now at NAV and its been amazing for me, and I actually have a fairly high cost-basis at $15... $275/mo every month letting drip has proven to grow my account even in market downturns.
since you helped me out with the margin negotiation tip i want to give you my advice: i think you should sell more puts and go for 45 days or less. you are wasting your time with the puts expiring in 2025. with ur 2025 puts ur barely collecting anything per day since the decay is so low. with 45 DTE options they decay more per day and u keep all profits and if thee trade goes against you just roll it out another week
@@shill1103 Thx SH! For me, the problem is weekly is smaller money. I have to do a lot then to matter, which sucks up my equity. Plus I have to keep finding some each month to sell. The leaps I find are once, when the markets pullback, and then I sit on that larger premium + the indexed exposure they provide for the long term.
@@MrToddAkin you really have no idea what you are doing, do you. If you simply take the same stocks that you sell puts on, in the form of leaps, and do that weekly or even monthly it would not only pay you more, it would give you a lot more control over that stock as well.
@@stevenporter9114 Wow nice comment. I sell leaps bc they pay down margin faster. I also get less vol that way. Sell weeklies and you have to sell more to matter, which sucks up equity. Im living free now with less assignment risk, you?
Hey question about CLM and CRF, I see they have done a reverse split before I think 2014 last time they did it, but does that concern you with any part of your strategy?
@@EvanDJackson thats not what i found. it says drip share are %5 discount or %95 of market price value. a drip share at nav price would be a %30 discount which is very unlikely
Interest rates are falling so it makes sense to add more to bonds (GOF & PTY) on weakness today. If you watch the entire video, you’ll see which bond fund I chose and why.
Ultimately, the decision came down to which would pay margin down faster, and add more qualifying income to banks, so that I can continue to live a financially free lifestyle out of my brokerage account.
If you have any questions on how to use margin or Cornerstone, email me for my E-Guides at akintodd48@gmail.com. Your purchase of my E-Guides provides access to my discord chatroom and phone number should you ever need additional assistance.
I thought about buying CEFs on margin. Interesting to see you have had success with that idea.
You are the effing MAN! I got my robinhood margin lowered! All i did was chat with someone through the app and ask!!!!! AMAZING! I have a larger account so this is going to save me tons of money! I certainly owe you a beer!!
That is excellent glad to hear it SH! Hopefully you and the others who successfully negotiated theirs down will be an inspiration to all.
@@MrToddAkin I’ve been investing for 15 years and never thought to ask for a lower rate! I love it!
Good shyt, Todd. I watch some of your videos at least 2-3 times because you move so fast on your ipad when speaking, lol. Although, Im not brave enough to use margins it will take me longer to get there but dropping nuggets like this is softening my approach through the investment minefield which alleviates one of my major pain points! Although, I would like to be the hare in the race however many of us have no choice but to be the tortoise. Thank you.
Very well said Yuri! Appreciate you. Yes I use it out of sheer necessity to support TJ and initially used margin to qualify for the house w dividend income. That’s what made me go through with it easier IMO.
PTY is my favorite by far. Ive been letting it drip for years now at NAV and its been amazing for me, and I actually have a fairly high cost-basis at $15... $275/mo every month letting drip has proven to grow my account even in market downturns.
Great info Evan! If PTY has a discounted drip program I will definitely switch that on and inform others on discord. Thank you sir!
@@MrToddAkin It sure does! Fidelity allows for it. Bonds have been ripping!!
@@EvanDJackson Do you have to ask Fidelity to have it DRIP at NAV?
@@kf434 Nope, I didnt have to ask it just automatically does it. Same with Cornerstone CLM and CRF on Fidelity
The only thing I will say is a little annoying is the reinvestment doesnt occur until like 7 days after the pay date. Not a huge deal though.
Good vid. I got in on GOF at $15.19 a few months ago. I am glad I did.
Yep added more to GOF today as well on the weakness
I like PDI over PTY it pays a higher distribution and hasn't slashed its payout since inception (PTY has once)
Does it drip at NAV?
No I think it only drips at a 5% discount to market
Agreed I have some PDI but not enough, it’s been performing much better
Madness..lol.. I have been buying GOF last week
since you helped me out with the margin negotiation tip i want to give you my advice: i think you should sell more puts and go for 45 days or less. you are wasting your time with the puts expiring in 2025. with ur 2025 puts ur barely collecting anything per day since the decay is so low. with 45 DTE options they decay more per day and u keep all profits and if thee trade goes against you just roll it out another week
i make 1-2% per week selling weekly options. im up 43% YTD
@@shill1103 Thx SH! For me, the problem is weekly is smaller money. I have to do a lot then to matter, which sucks up my equity. Plus I have to keep finding some each month to sell. The leaps I find are once, when the markets pullback, and then I sit on that larger premium + the indexed exposure they provide for the long term.
@@MrToddAkin you really have no idea what you are doing, do you. If you simply take the same stocks that you sell puts on, in the form of leaps, and do that weekly or even monthly it would not only pay you more, it would give you a lot more control over that stock as well.
@@stevenporter9114 Wow nice comment. I sell leaps bc they pay down margin faster. I also get less vol that way. Sell weeklies and you have to sell more to matter, which sucks up equity. Im living free now with less assignment risk, you?
I solely use Robinhood as my platform of choice.
I'm curious to know if you're aware whether tsly, aply, Nvdy, or Oark pay dividends on Robinhood?
they do
You buying TLTW? Long term rates falling could be a cash cow 🐮
Yep I own about 5K
Hey question about CLM and CRF, I see they have done a reverse split before I think 2014 last time they did it, but does that concern you with any part of your strategy?
No reverse splits would help bc if stocks drop too low maintenance rises.
@MrToddAkin what about for those who aren't interested/able to use margin?
@@razorrook218 splits still have no impact IMO.
@MrToddAkin ok thanks for the weigh in
Are they any of them offering a company sponsored drip?
No I don’t think so
Anyone knows if its worth doing drip with gof? i own about 3k . gof sells at high premium . a drip priced close to nav would be a good deal
PTY drips at nav
@@EvanDJackson thats not what i found. it says drip share are %5 discount or %95 of market price value. a drip share at nav price would be a %30 discount which is very unlikely
1st
Hey Boss! Hope you saw my message on Vanguard. Someone commented on it
Betcha your rear is sore now. GOF is down big, Bonds falling apart
Only have 1K in gof now so not at all!
Ticker. "High"
Always liked that one