This is a Sponsored post written by me on behalf of Born To Sell. All opinions are 100% mine.
My husband is in grad school and his current class is all about stocks and investing. He recently read about covered call and I am totally clueless as to what that means! So of course my husband had to explain it all to me, like I cared!
Covered calls make it easy to earn extra income in your existing or new portfolio. It is a conservative approach and lets you add stocks and ETFs you already own or help find new investment opportunities through a covered call screener. Apparently covered calls are not a get-rich-quick strategy, but rather an income-orientated approach that anyone can do. It is similar to receiving dividends every month, but instead you receive call premiums. There are of course advantages, risks, and the rewards to consider. The requirements go: Broker, Approval, Stock, and Born to Sell. The process involves first buying stock (or using stock you already own) and then the selling options go against that stock. The combination of being long the stock and short a call option is called a “covered call.” So since the shares are “covered” if the call option is called upon than you need to fulfill your obligation to deliver the 100 shares. There is a great company that offers not only a free covered call tutorial, call newsletter and call blog, but they also offer a 2 week no-obligation trial. The return is supposed to be better than bonds as you make a monthly return instead of a small yearly return.
It still all sounds very confusing to me and I am too conservative to risk anything with the little money we have. My husband is all about investing but of course the extra month we have each month gets turned to a unexpected bill like a car repair, oven repair, or grad school expense (to name a few recent ones!) I can handle our budget and pay our monthly bills but that is as far as I go with money!
It still all sounds very confusing to me and I am too conservative to risk anything with the little money we have. My husband is all about investing but of course the extra month we have each month gets turned to a unexpected bill like a car repair, oven repair, or grad school expense (to name a few recent ones!) I can handle our budget and pay our monthly bills but that is as far as I go with money!
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