Day trading, the fast-paced world of buying and selling financial instruments like stocks, currencies, and futures within a single trading day, beckons with the promise of profit for those who master its intricacies. While the allure of quick gains is undeniable, the path to becoming a successful day trader is fraught with challenges and requires a disciplined approach. Here’s how to embark on this journey with informed confidence: Educate Yourself: The first step towards successful day trading is building a solid foundation of knowledge. Read more...

The market went wild after the close last night when META reported earnings. On top of a great earnings report, they reported their first dividend! In other words, they’re slowly turning themselves into a blue chip stock. No matter how much I dispise Facebook and how it brought us to the brink of civil war in this country during the Trump years, I have to admire what the Zuckster is doing. Read more...

In my journey as a solo finance and trading enthusiast (hack), I’ve developed a particular stance: I tend to steer clear of Futures. They’re a bit too volatile for my taste. However, that doesn’t mean I turn a blind eye to the markets. Quite the opposite — I like to keep a “lazy eye” on the pulse of things, especially when it comes to indices that caught my attention in the past. Read more...

In an era where the stock market is witnessing a notable upswing, investors and financial enthusiasts are faced with new challenges and opportunities. This evolving landscape prompts a pertinent question: is diversifying into alternative investments like silver coins and bullion still a wise decision? In previous articles, such as “Silver Prices Forecast and How to Get Started Stacking Silver for Fun and Profit”, we explored the dynamics of silver as an investment and its potential for generating profit. Read more...

When I last wrote about RYLD (Global X Russell 2000 Covered Call ETF), my focus was on how it had become a cornerstone of my passive income strategy through its consistent dividends. In that December 2020 piece, I outlined why RYLD’s approach to generating income resonated with my investment philosophy, especially in an unpredictable market. Fast forward to January 2024, and you might wonder: With the market’s roller coaster ride these past years, do I still hold RYLD in my portfolio? Read more...

Since late 2020, I have been an investor in the covered call ETF, QYLD, and I remain long. This fund has been a cornerstone in my portfolio, primarily due to its impressive 12% dividend yield, aligning seamlessly with my goal of building a stable source of passive income. The best part of owning QYLD for all these years are the monthly payouts and the generous $2.05 per share as I move toward a $100,000 passive income stream. Read more...

History might not repeat but it sure rhymes which seems to be the case here. I remember back in 2000, right before the Dot Com crash when four stocks, affectionately known as the “Four Horsemen” ruled technology. They generated so many gains with quarter after quarter of earnings growth. It seemed to go on forever until it didn’t anymore. I’m talking about MSFT, INTC, CSCO, and Dell.. Today we’re repeating this same lunacy except it’s the Magnificent Seven that rule technology in nearly the same way. Read more...

Is the market in good shape? Will it go higher from here? Or will it crash? There’s a lot of chatter out there right now and no one knows what’s going to happen in the markets. NVDA is breaking out and moving higher but BA is selling off like crazy. Talking heads think the Fed has engineered a soft landing for Wall Street but Main Street isn’t feeling so good. Read more...

Me and my big mouth. I posted about Boeing flying high at the end of the year and patting myself on the back and then that door blew out on Alaska Air. Since then, the stock price has crashed and burned, rightfully so. Where will it stop? I guess it will hit the $180 target price level first. It might find some support there and it “feels” like a natural low point, but it’s hard to guess. Read more...

I love this article. It’s going to scare the pants off people like Musk and Bezos because it means no more consumers to buy your crap. It looks like Gen Z couples are deciding not to have kids in record numbers. They’re DINKs! Double Income No Kids couples that would rather spend time doing fun things instead of being tied down to kids. Halleujah! A childfree Gen Zer explains what being in a DINK couple has meant for her lifestyle and financesBeing a DINK means the possibility of retiring early and having financial independence. Read more...