Background: What I do
I trade options for a living.
Yes, I know... Warren Buffett says most people should just buy into low fee index funds, which is good & wise insight for the retail trader. Because options is risky and more often than not, retailers lose money to hedge funds that have access to an arsenal of information.
But the truth is Buffett, as well as his firm, Berkshire, trades options too. Berkshire (as with any other Hedge Fund) just isn't legally required to disclose their options positions. Buffett uses a much safer strategy with options. He sells put options to get into stocks he wouldn't mind owning. It's basically like selling insurance. If the stock falls to a certain price, he could get "assigned" or forced to buy 100 shares of the stock for every put contract he sold. But because he sold that contract, he also collected a "Premium" which is just the cost of the contract.
If the stock falls, he gets in at a discount AND collects the Premium. If the stock goes up, he doesn't get the upside but he does keep the entire Premium.
Why do I Trade Options?
A few different reasons...
1) To buy back my time with financial freedom
I just didn't want to spend most of my time working for somebody else. We all have a limited time in this world. With the short time I have, I want to spend it getting to know God and make Him known.
2) To help others
As cliche as this may be, what gives meaning to my life is the pursuit of making an impact for the lives of others. It comes from knowing my life isn't mine in the first place. It was purchased by the blood of Christ that took the place of the wretched person I am.
How Can I Serve You?
I believe wealth is built through knowledge and a life of learning. I also believe people don't need as much money as they think to retire. I believe most people can stop working after they have about $120,000 USD. Because then, they can sell further out put options every year to collect > $70,000 in annual Premiums. If there is a market crash, you would get assigned into stocks at a great discount and just hold onto the stocks or sell covered calls (to collect Premium on shares you own) to ride out recessions.
What Do I Hope For?
I hope to one day help build a retirement home that's connected or built near an orphanage -- two forgotten groups of people with the hopes they're able to share in love.
I hope to find pockets of opportunities so we don't forget the poor, the orphans, the widows, the marginalized. To have the privilege to care for them and be the beacon of hope through the message of the Cross.
Two videos I made on investing below and then other videos I made in my free time.
Shoot me an email any time if you want to connect! daniel @ luminate5k .com
9 Secrets to Get Rich from Investing
Retire Tomorrow. Earn $70K a Year from Investing
Alpha Omega Retirement Home
Our long-term project will be working to build a retirement facility near an orphanage with the hope of mutual benefit and the hope of the Gospel. More details to come...