I am currently reading all I can find on covered calls. My search began when I heard them discussed in passing during a financial seminar (which by the way was a waste of time, thank goodness I didn't pay for those tickets). My search began last night and to my surprise it seems information on covered calls is very popular, everyone wants you to buy their info as they promise a reliable passive income in the tens of thousands with their information. As I searched deeper I found free information on the Internet which described how covered calls work and what is needed to get started.
I soon wondered if it was possible to trade call options over the Internet using my TD Ameritrade account. At TD Ameritrade, in order to trade options (which what a covered call really is) you need to first apply by use of a form supplied by them.
After reading the remainder of the free material I found, I came to realize that someone could earn as much as 4-6% per month on their investment, which equals a respectable 48-72% a year. Also keep in mind, this investment strategy is so safe, it can often be used for college and retirement savings.
Tonight I will use the form supplied by TD Ameritrade and apply for the permission to trade options.
Sunday, December 30, 2007
Saturday, December 22, 2007
Krazology Definition
krazology: the study of krazes.
krazology.com: a young mans journey through stocks and general investing.
On this blog I will be discussing stock picks and other investment vehicles. Being a young male in my mid twenties makes me a sought after commodity in marketing. Marketers apply this rating because my peers spend money like it's going out of style and often allow ego to drive their purchasing habits. Based on this assumption, I will analyze my natural egocentric instincts and use that information to determine which products will be profitable for the companies manufacturing them.
Krazology.com's Disclaimer:The information provided on this site is not financial advice and I am not a financial professional. This is a journal that details my investments, strategy, and analysis for personal use. Feel free to read at your own risk.
krazology.com: a young mans journey through stocks and general investing.
On this blog I will be discussing stock picks and other investment vehicles. Being a young male in my mid twenties makes me a sought after commodity in marketing. Marketers apply this rating because my peers spend money like it's going out of style and often allow ego to drive their purchasing habits. Based on this assumption, I will analyze my natural egocentric instincts and use that information to determine which products will be profitable for the companies manufacturing them.
Krazology.com's Disclaimer:The information provided on this site is not financial advice and I am not a financial professional. This is a journal that details my investments, strategy, and analysis for personal use. Feel free to read at your own risk.
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