Stocktwits

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. ...

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. ...

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. ...

I travel a lot for work, or rather I used to until Covid19 hit. My last work related trip was to Florida to a convention on Robotic Process Automation (RPA). I stayed in a beautiful Hilton Hotel near a marina with a great resturant and bar. I’ve been a long time Hilton Honors member and use the AMEX credit card a lot to gain points, status, and rewards. My Hilton Honors came in handy when my family and I were stranded overnight in Miami because flights were cancelled due to a nasty storm. I was able to secure a hotel room on short notice that didn’t cost me an arm and a leg for all of us. ...

I invested in Terra Tech Corp (TRTC) back in January 2018. Marijuana / Cannabis type stocks were making big moves back then and this company looked like it would capitalize on it. At the time it was trading around the $4 to $5 range and I picked up 200+ shares of it for about $4.82. Since then I watched it do a reverse stock split and get put on the Pink Sheets. I should’ve sold but I felt that pot stocks are a long term play as America finally get’s their shit together and legalizes it. Still, it hurts a little watching this stock slip into oblivion. This is a classic case of letting my feelings for a better future interfere with what the market tells me. ...

Every year in November investors and traders look toward ‘Black Friday’ as a way to gauge how well the end of the year is going to go. Black Friday is the day that retailers and shops are supposed to finally make money for the year, due to heavy demand for ‘stuff.’ It’s too early to tell but I want it to be a good year. Wanting and what will happen are two different things in reality. ...

Now that Wall Street has accepted a Biden win, we’ll see more easing from the Fed and hopefully a great Santa Claus rally. That should be good news for stocks and for the ones in strong uptrends, it will be awesome! However for the ones in downtrends, well they get coal in their stockings. Here’s a tale of two worlds, NVIDIA’s performance vs Intel’s. Machine Learning and Data Science in general requires big computers to do data processing. The CPU (central processing unit) chip has dominated the market for years with Intel (INTC) being the big winner in the space, until now. With the creation of the GPU (graphical processing unit) a whole new way of model building (and Bitcoin mining) has emerged. This has turned NVIDIA into a monster, and it looks like it’ll keep going for now. ...

I went long $XLV in mid January 2007 for one of my personal IRA accounts. Its had its share of ups and downs but it doesn’t take a rocket scientist, or a fancy neural net, to figure out that health care is a long term bet. If you don’t believe me, look around for all the graying baby-boomers who want to desperately hold onto their youth. This time I’m holding XLV for a very long time and won’t be shaken out of it. ...

CMG is hitting an all-time high these days and after eating their tasty food, I can understand why. Good food at high prices is always a surefire way to make your stock a winner, until your fickle customers become cost conscience. My favorite dish is the chicken burrito bowl w/ sour cream and the red hot sauce. :) Update I posted about this stock back in May 2007 when it was trading at $82 or so and now, in 2019, it’s way higher. I love the food just as much now as I did back then. I’ve had my share of burrito bowls over the years! ...

Howard wants to buy put options on SMH. Me? I will wait and see which way she breaks from this narrow range, which started in mid 2005, before I do anything. Has it been trading in range for that long? My guess is that semiconductors aren’t the technology darlings they once were, maybe its because chips are more of a commodity now. Disclosure: Long INTC from years back. ...