Basically:
- Put $50K into a weekly options trade that earns 3-5% per week
- Do some other less risky trading with the other $100K (or not!)
- Add your social security check ($1.5K/month?)
- Total is perhaps $9.5K/month ... you could live on this, I hope?
I'm going to put this into a book with the details on how to do this while minimizing the risk of loss (I learned this the hard way trading options the past 6+ years).
I also want to run a case study with one or more persons/couples with these characteristics:
- Has $150K liquid assets (can be IRA or not -- Roth IRA is best ...) that can go into this
- Collects social security (optional -- you can do this without social security, just settle for less monthly income or put more up risk capital: $200K with $70K in options trade)
- willing to try this for one year (every week)
- you need to know something about options trading if you're going to do this yourself, but I can provide resources to help you learn the basics if you want to do this
Contact me mark -at- pythonsoftwarewa.com if interested.
