Yong-Long Lai

Have you ever had one of those moments in your life where you stopped to yourself and asked, “why am I doing it like this?”. Well over the weekend I had one of those moments! I’ve been selling protected insurance on the Australian stock market since November 2006, to do this safely what I have been taught is to keep a 50% cash reserve. (They don’t educate us to be fools)

The interesting thing is after I watched Daniel Kertcher Advanced Covered Calls Strategy DVD I remembered him saying, “… for every dollar of stock you own, somebody will give you a dollar to buy more”. Firstly, I already know all about margin loan and I knew this for many years. But when I watched that DVD I pondered to myself, what if I bought used Daniel Kertcher Advanced Covered Calls Strategy to buy shares and rent them out using the cash reserve I have!!!

First thing I did was spoke with my broker and they confirmed if I could do this and they obviously confirmed my ‘eureka’ moment. From now on i’ll be doing that strategy and pulling another 2-3% every month from my cash reserve. How great is that! If you want to know how it works, here is what i’ll be doing – The Premium Cycle

Obviously somebody in the universe thinks I need this extra money (which I don’t have yet) so that I can pay for my Antarctica Trip at the end of the year. The dumb way is to use the money from my work or suck my equity dry to pay for it. The smart way is to invest over the next 7-8 months and accumulate around 10k a month (my goal) – If I can do this just from thinking about it and attracting it into my life, anybody can!