An Example of “If you can’t buy it twice, you can’t afford it.”

The above is a quote from the famous financial philosopher, Jay-Z. But what does it really mean in all practicality? Does it mean you shouldn't buy something until you have 2x what something costs sitting in your bank account? You should have 2x the net worth? This post will give a practical example of how … Continue reading An Example of “If you can’t buy it twice, you can’t afford it.”

Earn Extra Income with Fully Paid Securities Lending

Sometime in 2020 one of my brokers, Ally, sent me an email asking me if I'd like to earn a little extra money by lending my stocks to short sellers. As a fan of making extra money I obliged and thought nothing of it. Fast forward to January 2021 and I checked my account's cash … Continue reading Earn Extra Income with Fully Paid Securities Lending

Generate Ridiculous Income with Covered Call ETFs

If it isn't abundantly clear, I love dividends. They're super passive and if you buy great companies, you get the trifecta of income, capital appreciation, and inflation beating income growth. However, there are some potential downsides to a simple dividend growth investing strategy: Smaller universe of stocksPotentially lower incomeSomewhat limited upside because dividend paying stocks … Continue reading Generate Ridiculous Income with Covered Call ETFs

Writing a Dividend Investing Policy Statement

I believe that writing is the key to success in most endeavors. The act of writing requires you to go through the entire creative process of brainstorming ideas, researching them, evaluating them, coming to a conclusion, and then finally presenting those ideas in a persuasive manner. When I started investing, if you could call it … Continue reading Writing a Dividend Investing Policy Statement