After 4 weeks, selling option every week is not true retirement. It just another job.
New plan is to hold 50% index to keep up account growth, 50% Dividend stocks to get spending money.
Initial Target monthly spending money $728 | |
As the CC roll in, I will increase DIV stocks holding, in turn it will increase monthly spending money | |
With this method, the account will growth slower, but only need to trade a few times in a month ==> retirement mode | |
By estimate, 200k will return $728 for the 1st month, and option selling with 600k return $2300. It end up about the same | |
But lots of work for selling options. |
| Strategy: | | |
| 1 | Long SPLG, SPMO, QQQM etcStock | |
| | | |
| | All the CC earn should buy more DIV stocks | |
| 2 | | |
| | 2a. All DIV from this bucket shoud goto bucket #3 | |
| 3 | CASH normally should hold in SGOV or BIL, but since I am not retire yet, it will DRIP back to the DIV stocks |
