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. I don’t think that’s going to happen until after another round of stimulus. ...

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. Bitcoin sold off in the week amid comments made by incoming Sectary of the Treasury Janet Yellen on limiting the use of Bitcoin. ...

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. The drawback is that you might get your shares ‘called away’ and then end up losing out on more growth. It’s extremely harsh for small investors - like me - that don’t have billion-dollar portfolios and own 1000’s of shares of $MSFT or $AAPL. Every 100 shares that get called away from me hurts me in the end, so I’ve stopped doing that strategy. It makes sense to do it in an ETF that holds billions of dollars in these tech giants. ...

It’s Saturday, January 16, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. The markets take a pause this week to catch their breath! Gold and Silver drop this week, Bitcoin sells off from record highs, and the Dow Jones / Nasdaq / S&P500 pull back from recent highs. The markets are entering a consolidation phase with profit-taking happening in the stock markets and possibly Bitcoin. We expect more of this in the coming week as Biden Administration takes over. That said, the threat of violence from alt-right terrorists is quite possible for next week which could generate volatility in the highly speculative markets of Bitcoin and Silver. ...

I added $GILT to my passive income portfolio at the beginning of 2021. I did it because the ex-dividend date was on 1/8/2021 and I saw that it had a low price with a history of big dividend payouts. Albeit it is a short dividend history. I’ve written that my goal is to build up a passive income portfolio. My measure of success will be when I generate a $100,000 a year income, and right now GILT is part of that strategy. ...

It’s Saturday, January 9, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. What a week! With the Capitol riots in DC - incited by the outgoing Trump administration - many anticipated the markets to fall. Instead, they all charged higher closing at all-time highs! The Stock Market likes the incoming Biden administration because more stimulus is coming. Bitcoin rallied to another record this week breaking and closing above $40,000 a coin. ...

I spent the first week of 2021 reacquainting myself with Dividend Reinvesting and I’ve concluded that it makes a ton of sense for someone like me. Retirement isn’t here yet but I can see it coming on the horizon. I’d need to think about stabilizing my investments against volatility and start thinking of long term income. When I first started investing I put a small amount of money in Dividend Reinvestment Plans (still long INTC, thank you very much) and focused on growth inside my retirement accounts. The growth strategy coupled with a passive investing approach has paid off handsomely. For the both of us! So much so that early retirement might be possible for my wife. ...

Building a dividend-producing passive income portfolio requires thought, time, and education. Today I’m sharing 5 tips for building a successful 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. ...

Happy New Year! It’s Friday January 1, 2021 and this your Gold, Silver, and Bitcoin market report! Markets are closed today. Gold closed up +1.89% this week to $1,893.09. Silver also closed higher, up +1.97% to $26.33. Bitcoin had another spectacular week, closing the 2020 year at $29,001.72. Gold Chart Gold closed the year closer to the $1,900 level contrary to our call to be closer to the $1,800 level. Gold Bulls wanted to finish the year strong and they did, however the Bears stopped them just shy of the magic $1,900 level. This does not bode well for Gold Bulls as the resistance is becoming too strong. I suspect that over the next few weeks our models might generate a new resistance line. ...

It’s Saturday, December 26, 2020 and this is the last Gold and Silver market report for 2020! Look to more market reports in 2021 with additional market commentary when applicable. Gold and Silver Markets closed lower last week with Gold closing down -0.58% to $1,874.69 and Silver down -0.46% to $25.82. Our properietary models all point to Gold and Silver being fairly valued at these levels. Any price movements above these values are considered forthy and prone to corrections. Conversely, any prices moves below these values constitutes a good value play. ...