Hi guys,
Order exercised last weekend. Total Cash onhand is USD $5978.03 . New Order placed would be to purchase 400 shares of AMD at $15.61 , then sell Call strike $16, expiry 17th August, to collect premium of ($1.33 x 400 = USD $532 less comm $15 = USD $517 nett)
Total Cash collected + onhand = USD $6495.03 less share purchase ($6254) = USD $241.03 remaining.
*Refer to Disclaimer
CashFlow Investing is based on the Concept by Mr Robert Kiyosaki, where the Strategies/Mindset of Investing formulated Primarily for Cashflow collection, Secondarily for Capital Gains.
I see it as a business model similar to "Insurance", "Vehicle Rental", "Property Rental". Where you manage/own assets which generates Cashflow Income on a consistent, shorter term, manageable, predictable & acceptable basis.
It is not a Get-Rich Quick, One-Time jackpot kind of strategies where you can retire quickly, but a consistent system which I use personally which will & can replace your working Income over time, leading to Retirement.
Caution - Formulated Systematically to lead to Retirement in 8 years.
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