Passive Income from Draftkings and BYND | Merrill Edge Trading Platform
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Updated balance $93,008, reviewed our Merrill Edge Option Trading positions and talked about future trades. (BYND, NCLH and DKNG)
Subject: Passive Income from Draftkings and BYND | Traded Stock Options
Millionaire Journey EP#46 (Merrill Edge Option Trading)
Here is my Video Channel link so you can view all the videos to achieve your objectives;
In the current market environment, CD and money markets have dropped too levels that I can’t make any money unless we are in the market. So, I changed my investment strategy to achieve at least 5-10% a year selling Covered call options that’s been around for years. This will be passive income producing if I want to withdraw from once a month, quarterly or even yearly if I wanted to. This is a real account and I could make or lose all my money so their is additional risk involved here and no investments are FDIC insured.
I prefer everyone to perform these types of trades within an IRA, so you don’t have to worry about taxes on the profits you make. Because wash rules of the tax code could effect you on claiming any losses on your trades. Remember please consult your tax professional on trading investments outside your IRA’s.
We began with 24k and working towards over 224k in 5 yrs or 1.4m in 10 years. I will update the video when ever positions change and show you all my trades. Please feel free to follow along by clicking the subscribe Button and give this video thumbs up.
Keep in mind, markets can change and folks can lose money. Please read all my disclosures below and thank you for watching. We’ll see how this proof of concept works out and place information in the remarks section of different stocks you think I should add to my profile. In, August we’ll start a 50k profile as well and that will focus on index funds covered calls.
Money Journey with Sonny and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
Can I Use Merrill Edge For Day Trading, Passive Income from Draftkings and BYND | Merrill Edge Trading Platform.
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You’ll save a lot of energy that way. Trader can purchase and offer stocks, etfs, options, shared funds, forex and future. Just2trade also offers a level 2 estimating for complimentary utilizing J2trader.
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