Here are some corrections and additions. Thanks everyone, and please let me know anything else that should be added! 1. As of 2024, if you are under 50 you can contribute $7K and 50+ is $8K 2. You must own the stock 2 days before the date of record or 1 day before the ex dividend date to get the dividend 3. You CAN buy fractional shares from Schwab. They are called slices 4. There is an income limit to contributing to a ROTH: $161K for single and $240K for couples. Google “back door” ROTH for a possible solution to get around that 5. If you do these strategies in a non ROTH, you will be taxed short term capital gains on any premiums and stock sold after holding less than 1 year and long term capital gains on stocks that you owned more than a year 6. I made two videos on the stock strategies that I use about 7 months ago. They explain things a little bit better. Checkout my playlist and scroll down 7. You must have the ROTH for 5 years before you can take money out without a penalty

First and foremost, the fact that you are not a financial advisor is a good start. When an individual genuinely wants to support others, worth listening❤

When a man doesn’t use Excel or fancy PowerPoint but instead he uses a whiteboard n a tree branch as a pointer. U know, he’s a good guy. Also, all those writing n calculations took a good amount of time n efforts. Yet, he did it. This tells u he truly care n wants to share his knowledge about wealth building. Those who grasp what he’s trying to explain re: options trading. It will change your life. Take care, everyone.

This is probably the best channel created by an expat in the Philippines 🇵🇭! All the others talk about the same old stuff and it’s obvious that many of those expats are scrambling to make income from KZfaq because they don’t have enough Social Security and retirement benefits to cover the cost of supporting their girlfriend/wife and her family that is most likely,very poor. Personally I’ve never considered my channel nothing more than a hobby and journaling to save videos that interest me. I have actually learned something very important from watching your channel and have invested in a traditional IRA every year for the tax benefits but a Roth IRA makes so much more sense because as we know. Taxes are just going to increase by the time I retire and start using that money. As for Covered Calls I like your strategy and could use my self managed retirement accounts to do this with those shares. It’s literally just another way to trade but not always having to sell shares every time and profiting off the contract and risk involved. I wish I had never sold shares the traditional way and always done CC’s. Thank you so much for sharing your experience and knowledge!

I've been selling covered calls over the last 10 years. Learned how to master it & now sell covered calls weekly and earn $1800 week avg. The best advice comes from my father (who taught me how to sell cc) who said "don't get too greedy" and choose a good premium at a profit but don't hunt for the great premiums too often. $1800/week premiums on cc alone is very nice for me, plus the increased value of owned stocks is growing. I'm 60 yrs old now and having fun doing this! Nice, detailed video.

Keep the options investing videos going, Thanks.

Great job, Kevin. You are genuinely helping us. There is a special place in heaven for you.

Thanks so much Kevin…you really are a MATH guy….lol. Good stuff

Well done Kevin. I’m retired 17 yrs now and retired at age 60 with enough money to make it to social security time.

I'm 18 minutes in and this is an amazing video. I look forward to watching the rest of it and going back to your previous videos on stock strategies. Thank you SO much for sharing this with us. I just turned 53 yesterday and am trying to save as much of my income as possible so I can hopefully pull the trigger at 62 and retire.

Oh yeah! Gotta go to work here in NC but cant wait to watch later today! TY!

1000 Thanks Kevin. I know it was a ton of effort put into this video. It is greatly appreciated. Coming to Duma for my first time in March. Hope to meet you. Thanks again.

You're a great teacher Kevin, well done!👏👏👏 Although I think some of your examples are a bit optimistic, sometimes you have to show the positive side of compounding to make people see the light.😊 I can imagine you're exhausted after this one, but perhaps teach the "Poor Man's Covered Call" at some point in the future? It might be a good strategy soon if we go into a declining market. Personally on Friday I took a huge bet on Friday buying SPY Put Credit Spreads, (expiring from end of February to June 28th), as I think the market will drop after either the Jan or Feb OPEX as the flows start to change then. Jan 17th-18th is the date I've been waiting for to go short for many months now, and it's finally here, now we'll see if I'm right or not!🙃 I'm hoping to head out to check out the Philippines later this year, and I enjoy all your videos, but this was a favourite for me! Well done!🙂

Great Job!!! I started watching your channel for info on the Philippines, but this was great information. I watched other youtube videos on covered calls and yours is by far the best. You explained it without all the extra jargon that confuses new investors. Keep up the great work and don't listed to the losers who leave negative comments... they are just miserable.

Thank you so much for your hard work helping others. 🙏🙏🙏

Thank you for this! I'm 100% new to stocks, options, etc. So I really appreciate you breaking it down. I am a math/spreadsheets/numbers person. So the numbers excite me. I'm going to listen to this again and take notes and really start learning about this stuff. I'm 45 now...So I should be doing pretty good by 62. Thank you!

Kevin my End of April 2024 update: My 3 month old Roth with a startup of $15k (7k 2023, 8K 2024 ) ... is now $22,400.... about 49.3 % return so far. Thanks again for the inspiration. Hope u are having a great USA vacation. --

Kevin, watching this was almost as exciting as watching a video with Jennalyn. Thanks for sharing both of them with us.

Thank you Kevin for sharing your thoughts and ideas in this and your previous two videos on the subject. I appreciated it. Wishing you much success.

Excellent teaching video. It will help many people. Thanks a million!

Great Video Kevin. Thanks for the info and for putting these videos up.

Hi, Kevin! I am Brian of Texas, living in the Phillipines also. I have a Roth IRA with Dividend Stocks, I like your video. You are a kindred soul, I wish you good fortune and everlasting happiness!

Great video. Thank you for sharing. Looking forward to more breakdowns like this.

Good stuff Kev! I need to get into options again The money that can be made is real!!

I’m 46 and want to retire at 57. I have a little over 100k in my Roth. I put $500 a month in a low cost dividend index fund and then in December make sure I maxed out the Roth. After watching this I will learn more about option trading. Maybe I can get better gains

Really appreciate this. i'm 55 and have been wanting to get into stock options I will be following your channel👍🏿💯✈

This is a great video. Start today, reap tomorrow. Every small investment is a step towards your mountain of dreams. Keep this in mind as you embark on your investment journey. Every step counts!

Thanks for taking the time to do this.... Sure helps up guys that have always been confused with this..

To do this I’d need someone to hold my hand for every step 😊

Kevin, Thank you for putting this all together, it was very helpful and your time is appreciated. As others have said, ignore the negative input from people who rarely ever put in the time to help others. You are doing what you are teaching (and not selling anything), and that in itself is commendable.

VERY INTERESTING ! I learned a LOT , i can see all the work u put into it . Ignore the complainers that dont appreciate others work .

BONUS - For single filers, if your 2023 taxable income was $44,625 or less, or $89,250 or less for married couples filing jointly, then you won't owe any income tax on dividends earned. The numbers increase to $47,025 and $94,050, respectively, for 2024. My folks are retired and make amazing income from dividends and they're TAX FREE!

Thanks! This was a fantastic strategy. Thank you for sharing.

Thank you so much for doing this. I have wanted someone to walk me through this.

THANKS I WATCHED THE WHOLE THING.. I LEARNED A LOT.. WILL WATCH AGAIN SATURDAY.

Thank you for posting this video. I just been researching this. you gave me clarity and guidance. Please post more videos like this. I would appreciate it.

Thank you so much for this information. I’m 54 with no retirement, wore my body out for others to make money. I hope you post more information like this. I opened a Roth account as soon as I finished watching.

I've ben going through TJ the wheel deals option info on youtube but you broke it down way better. Thank you.

Kevin! Great video sir thank you. Fellow Cebu Expat here. I am on the same path. Loved your explanations and the time you put into this. Salamat sir!

Excellent! I’ve been doing the same my friend for about three years now. Great way to pull income off holdings. 👍

So along with other people here, i appreciate the work that went into this video and your substitute white board, lol! Anyway i had no idea i could do all that stuff inside of the roth environment so that's super cool info. My brother already moved to the Philippines and loves it. I can still work here so im going to maximize income then join him in a year or so. Anyway, thanks I finally get the whole call thing. Finally!!

Hey Kevin, great video. Thanks for this valuable information. You have reached the exact person that you have intended to reach. I know nothing about saving money through stocks, and this was valuable information. I just turned 53 and I intend on retiring in Southeast Asia when I’m 62. This Roth IRA strategy seems sound and I have the ability to invest the 7500 yearly until 62. I intend on implementing this strategy this year. I’ll be visiting the Philippines for the first time flying into Cebu next February. The first of many trips over the next few years, to see exactly where I want to retire. Hopefully on one of these trips, I can connect with you and share a beer Thanks for your content! And by the way, you have one of the most beautiful, exotic Filipinas I have ever seen. Keep doing what you’re doing brother.

Great video Kevin, i'll be there in a couple of weeks. Be nice to meet you guys.

Kevin, Not that it matters but PSEC is a BDC not a REIT. Yet both are RIC's (Regulated Investment Company). I love your topic, you are 100% correct on the PSEC mockup. Compounding even with High Yield stocks hold merrit even though many call them Yield traps. I wish I had started investing in BDCs and REITs a long time ago. Only been doing it for 10 years. should hit six figures on anual dividends this year for the first time. Its like printing money.

I wish I had learned this 10 years ago.

This is priceless thank you so much 🙏🙏🙏

I'm so glad I stumbled across this video. Thank you for sharing your knowledge!!🙏🏿🙏🏿🙏🏿

amazing video you explained it very well i cant wait to try it for my self thank you for sharing

Very valuable, thorough information. Excellent.

Thank you Kevin

Kevin, Thank you for all the hard work you both do in creating your videos. You did a wonderful job explaining covered calls. Very informative and easy to follow along. Keep up the good work.

Thank you Kevin. I seen you on Marks channel, so stared doing calls in January. Doing very well so far.

My friend has been trying to explain this to me as we are both planning on retiring in the Philippines and I am in an options bootcamp to learn more in depth now but yours makes the most sense to me, thanks for sharing.

Appreciate your sharing this video ! Definitely learning here . 👏👏👏👍👍👍

Thank you kindly for the education. It’s much appreciated! I had no clue about these retirement investment opportunities! God bless!❤

Undoubtedly, the best video on stocks and investing I have watched. And I have watched quite a few, trying to figure out where to begin. Thank you so much. So glad I found this.

Very informative. I learned from this. Thank you very much.

Kevin, You are an amazing guy. I appreciate this lecture very much, rehearsal for me but have learnt so many new things. 🎉 Roth Ira - in Canada the equivalent would be a TFSA, and 401k is RRSP or RIF at later years....

Thank you for taking the time to create this video. It's very informative.

Grateful to find your channel.

Kevin, After 1 month in my New ROTH ... selling calls /Puts ... $1200+ profit with funding the Roth for 2023 ($5600)... about 21%. Thanks for opening my eyes to Options.

Thanks for all the info in the video. Great stuff!!! With all the work you put into the video you deserve the beer now. I will mention that even though you can withdraw from a Roth IRA at 59 1/2 years old that you still need to have had the account open for at least 5 years before you can start taking money out tax free without early withdraw penalties. Just keep that in mind if anyone going to start a Roth IRA.

I really do appreciate all your time and effort!! In a big way 55 this month!! New Subscriber here, in appreciation

Covered calls sound awesome. Thanks for sharing.

A couple of comments…. Trading highly volatile stocks is risky. Period. Some of the stocks Kevin has mentioned are “penny” stocks. Some have never made a dime of profit. If you deal with stocks like these sooner or later you will get burned. Will the “burn” be more or less than the money you made before then? That’s the gamble. Second, if you do have stocks in a non tax free or tax deferred account, and you sell calls on them, and you get assigned, you will have to pay taxes, short or long term CG, this year on that sale. Do the math. Making a few bucks per share mayn’t be worth it. Kevin means well, he believes he’s found the pot of gold, he’s not trying to scam anyone. But! Beware! You CAN lose money with ANYTHING to do with the market. Don’t be fooled - it’s a gamble.

To collect a dividend you must purchase BEFORE the Ex-date. NOT on the Ex-date.

I am not understanding this and need to learn it. I will replay over and over again. However buy and hold has been working for me. I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow

1:05:30 - Age 61 of ARKK you needed 42 shares to top off the next hundred, but you had 52 shares in your math.

This is my formula. Listening intently

Hey Kevin, Mike here. Just wanted to say this information is extremely helpful. Thanks for sharing!

Those PSEC "annual returns" are correctly calculated, but to clarify for anybody who was confused, they are the annual returns against historical cost basis, not the annual returns of the underlying stock in any particular year. The annual return of the underlying in this example must be constant year to year, as neither the stock price nor payout changes. If investing in this manner produced exponentially greater annual returns on the underlying, I'd be a literal billionaire from my ~2 decades of DCA-ing and DRP-ing into Realty Income (I'm not 😅), and hedge funds wouldn't exist (50% annual returns on underlying - and rising every year - would smoke rentec).

I really appreciate the time and effort you put into this. It's going to help me a lot.

I am learning thanks for posting

This is incredible...thank you very much!

Thanks for filming this, very insightful. New subscriber now.

Kevin, excellent blog, out standing in fact. Some times, one cannot see the forest for the trees. I plan on retiring in five years If the Man upstairs grants me the health and time. I started putting away for retirement about 20 years ago, of course the investments grew... Currently, I have a nice amount invested, but with the wealth of information you provided, I intend to move $100K from my TSP into EFTs and manage myself. The growth potential is astronomical, as long as I use Put Options. Thank you for sharing, it is sincerely appreciated. Have a great day.

This is some good shit. Why didn't I know this earlier in my life....

Beautiful explanation, you are my eye opener , thank you very much, what I really impressed is when everyone is simply saying reinvest divident and it will give you good returns but you really showed with a clear example showing month by month and year by year which is fantastic,

LOVED THE MATH AND THE WAY YOU TEACH..

It's now 7,000 contribution max for the year 2024. I have the option of a 401k Roth too but In That I can't do options or choose beyond what they give me - a couple of low expense ratio Index funds available though but I still hold off considering it (tying up money).

At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like digital currencies such as Bitcoin, Ethereum, and XRP. thanks to Flora Elkin for her guidance in these fields, her proficiency is outstanding

This is great entertainment! I genuinely appreciate this video! I'm entertained. I understood! Thank you. :)

I love hearing a real world thought process! Thank you for doing this! ❤ I'm in the process of my financial advisor licensing and love this!!

Hi kevin, thanks for the video , that looked like a lot of work you had to put into it. I heard you say you liked baguio and we're going to come back and visit. I live in baguio, I used to live three doors north of you for 5 months last summer. For me the weather's just too hot down there and the weather here is perfect . If you find yourself back up here I would love to buy you a beer and hear more about your covered call strategy.

I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.

Bravo 👏 job lot of work 🎉 wow 👌👏

The responsiveness of the rbt platform is impressive. No delays, perfect for IPL Lottery 🚀

LOL Covered call trolls! You cracking me up brother. Only risk on a covered call is if your underlying stock drops quickly in price to the point where you cant sell calls anymore. Good dividend stock you dont mind owning, then who cares? Wait it out or DCA into a second position, lowering ave stock price and start selling calls again. Good info and strategies my friend.

Great video, just remember. Time decay for psec is devastating it will eat away the principal very soon and the dividends won't compensate the decay psec... For a long term strategy will be good to compound sphd, pyd, pey and the great jepq.. 👌

This is amazing. Thank you so much for all the work you put into the math and explanation.

Good info, it was very confusing with calculation , but overall, very good information. Thank you very much !

A good question would be what service / source of information are you using to find high beta but stable company stocks to execute this strategy. I guess that if one get’s “stuck” with a stock while waiting to sell it or have it called away, the most ideal situation would be if it paid a dividend and you get paid to wait.

Those monthly divvies for REITs and BDCs are taxed as normal income due to the compulsion to punt 90% for the tax break. Seek qualified dividends instead.

Thanks for the information. Definitely going to help me out as a beginner in options trading and investing

I'm not the math guy and not motivated to watch or time the market, so I mainly buy VOO, VTI and other Vanguard ETFs (up on all after DCAing 2-3 years), some money market and HYSAs. That's simple, and there are more holdings I've done well with, some of which distribute monthly for income (and others), E.g.- JEPQ, MAIN, CSWC, HTGC, EOS. Otherwise, I award the winners of my portfolio, rotating through the high gainers. That entails only buying dividend payers which have shown to have had capital gains over years of DCA buying, so the more time that passes, the more gets contributed to the largest gainers. It's a way to avoid yield traps and overall loss, and not have to watch the market or spend much time on it (couple hours per week).

My advice that if you want to retire at 62 or should retire at 62 and you are military retired, then you should retire at 62. And meet any other means you can see fit along the way.

If you do options in a NON ROTH account, all premiums and profits of stocks owned less than 1 year will be taxed as short term capital gains, and profits from any stocks a year old or longer will be taxed as long term capital gains….so be ready for that!

Good video Kevin. I'm from the Philippines living in the USA trying to maximize my retire because I started late

Great video, thank you!

Kevin, I have been selling puts and covered calls for the past several years. Using mostly the wheel. I also moved to the Phills a year ago. Good demonstration..I watched just to see what you were trading. I have 3 accounts I trade in and have many stocks I use. If I am ever in Duma, I will look you up, it would be fun to visit options over a beer.