If I won 5 million bucks tomorrow, I would immediately do this:
$2m in $VOO $2m in $Q $1m in single stocks.
- Sell puts with strikes 10% below the current prices assuming the stock is near intrinsic value. -1 year durations MINIMUM. -Reinvest the put premiums back into more shares. -Portfolio secured, not cash secured. -Repeat when there is deals for consistent cash flow. - Keep ratios in check
This is the exact system scaled me to millions, and it can scale you too.
KEEP IT SIMPLE GUYS
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If I won 5 million bucks tomorrow, I would immediately do this:
$2m in $VOO
$2m in $Q
$1m in single stocks.
- Sell puts with strikes 10% below the current prices assuming the stock is near intrinsic value.
-1 year durations MINIMUM.
-Reinvest the put premiums back into more shares.
-Portfolio secured, not cash secured.
-Repeat when there is deals for consistent cash flow.
- Keep ratios in check
This is the exact system scaled me to millions, and it can scale you too.
KEEP IT SIMPLE GUYS