This is my second monthly report on how my passive income journey to $100,000 a year is working. This month my passive income was a lot lower. QYLD didn’t have a dividend payout and RYLD’s payout is happening tomorrow. However, my Adsense experiment and Medium produced the most non-dividend income. The downside was that it wasn’t enough to exceed last month’s total income. Overall, I expect there to be blips and bumps along this $100,000 journey and that’s ok. Read more...

Today is the day I want to write about Johnson and Johnson ($JNJ) and why I’m holding it for the long term. One, it’s a well-established company that cranks out great products that everyone uses, and two it has amazing dividends. For each share of JNJ, you get $4.04 of dividends per year. JNJ hits all the sweet spots for building my $100,000 a year passive income portfolio. Let’s dig a bit deeper as to why. Read more...

Building a dividend producing passive income portfolio requires thought, time, and education. Today I’m sharing 5 tips for building a dividend passive income portfolio and how you can figure out the right strategy for you. As I’ve written before, this idea came to me after my wife and I reviewed her 401k at the end of 2020. She had by accident generated a large sum of dividends without even trying. This was the same for me in my 401k as well and we generated $800 in dividends by accident in our trading account. Read more...

It was a musical thing, and you were supposed to sing, or to dance while the music was played. - Alan Watts I struggled with where to publish this article. Part of me wanted to post this to my regular blog Neural Market Trends because it’s where I’m writing about this particular subject a lot. The other part of me thought it would be best to share it on Medium with a larger audience. Read more...

Gamestop ($GME) has been in the news a lot lately and I’ve written three articles about it on Medium. It’s been an amazing thing to watch, the short squeeze that took short-seller Melvin Capital down (allegedly) and how crazy the r/WallStreetBets group is. I admit that I traded on all the activity and I made a tidy profit but I considered my success due to sheer luck and being at the right place at the right time. Read more...

Today I’m writing a short but important post for myself. It’s to assess how my passive income strategies are working and if I’m on track to building up a $100,000 passive income a year portfolio? Considering I ‘accidentally’ made $800 of dividends last year in my taxable account, I wanted to see if I could build up enough passive income before I retire at 59. Yes, I’m on track to retire by 59! Read more...

It’s Saturday, January 30, 2021, and this your Market report. What a crazy week! Stocks had an up and down week, Metals were mixed, and Bitcoin is acting like a rabid lemming looking for a rocket or a cliff. Let’s start with… Gamestop. This week the WallStreetBets Reddit group (r/WSB) came out in force to crush Melvin Capital, a hedge fund that had heavily shorted GME shares. The r/WSB folks decided that this was wrong and created a short squeeze on Melvin’s position. Read more...

I continue to collect dividend producing stocks and ETFs on my journey to generate $100,000 a year in Passive Income. Earlier this month I picked up $RYLD, another covered call writing ETF that invests primarily in the Russell 2000. This one has a higher Beta though, so I’m taking on more risk but I’ve kept my initial purchase small. Stock Price RYLD is trading at its all-time highs. Everyone is thinking the Bull Market is getting a bit long in the tooth and are starting to wonder when the Biden bump will fade away. Read more...

It’s Saturday, January 23, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. What a week! Stock market indices close near all time highs, Bitcoin got clobbered earlier in the week, and Gold and Silver market rebound slightly. Stock markets rallied last week, buoyed by the incoming Biden Administration and its shift to taking the Covid19 pandemic seriously. Gold and Silver had price gains but the charts continue to show a slow slide to the downside. Read more...

My quest continues to earn $100,000 passive income in a year. Supporting my strategy is $QYLD, a monthly dividend producing ETF that uses a Covered Call strategy by owning and selling Nasdaq 100 stocks. It’s not one for the faint of heart, but it fits with my passive income strategy and I went long. There are two things that jump out at me risk wise. For my readers, I’ve written covered calls before, and they’re a great strategy to amp up your returns. Read more...