The Smart Investor's Money Machine: Methods and Strategies to Create Regular Income
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  • Wiley

More About This Title The Smart Investor's Money Machine: Methods and Strategies to Create Regular Income

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Bill Kraft practiced law for more than thirty years before embarking on a second career as a trader. As he became proficient at trading, Kraft began helping others to trade, which eventually led him to create a seminar company, Cutloss Inc., and to write about trading. Kraft is the editor of three online newsletters, including Under $10 Trader, Option Trader, and Trend Trader, which are published by MarketFN.com, and a weekly newsletter alert, which is sent to well over 100,000 subscribers. Kraft is also the author of Trade Your Way to Wealth (Wiley).

English

Preface.

Acknowledgments.

PART I Build a Money Machine.

CHAPTER 1 How We Get the Income We Need.

Nearly Everyone Needs Income.

One Source of Income Is Not Enough.

Add Streams of Income without Adding Another Job.

CHAPTER 2 A Blueprint for Your Money Machine.

First, Make the Commitment.

Establish the Foundation for Your Machine.

Create Your Personal Plan.

What the Plan Will Do for You.

Baby Boomer Example: The Baldings.

Middle-Class Family Example: The Middletons.

Young and Unattached or Newly Attached Example: Forrest Footloose.

CHAPTER 3 Assemble Your Money Machine.

Nuts and Bolts.

Fuel for the Money Machine: Fundamentals.

Some Help from Sectors: Utilities.

Master Limited Partnerships.

PART II Interchangeable Parts for the Money Machine.

CHAPTER 4 The Call That Pays You.

Exactly What Writing a Covered Call Means.

Great Things Writing Covered Calls Can Do for You.

Ways Covered Calls Can Benefit Different Investors.

The Balding Family: I Want to Keep My Stock but Still Make Income.

The Middletons: Strategy for an IRA or Roth IRA.

Forrest Footloose Uses LEAPS as the Underlying.

CHAPTER 5 Trading for Investors with No Time to Trade.

Master Limited Partnerships (MLPs).

Real Estate Investment Trusts (REITs).

First, a Word about Open-End Funds.

A Better Choice: Closed-End Funds.

CHAPTER 6 Monitoring Trades.

The Concept of Selling Time.

Practical Application: Spreads.

Practical Application: Iron Condors.

Adjusting Credit Spreads and Iron Condors.

CHAPTER 7 Playing Naked.

Selling Naked Puts.

Selling Naked Calls.

Combining the Strategies—Naked Straddles and Naked Strangles.

CHAPTER 8 Bonds.

The Elements of a Bond.

Pricing Issues.

Types of Bonds.

Strategies for Bond Investing.

Examples.

CHAPTER 9 Annuities and Reverse Mortgages.

What Is an Annuity?

Types of Annuities.

Considerations for Annuity Investors.

Reverse Mortgages.

CHAPTER 10 Running the Money Machine.

Trade in the Present.

Develop Self-Discipline.

Be Willing to Cut Losses and Let Profits Run.

Keep Learning.

Practice What You Learn.

Diversification.

Self-Awareness.

APPENDIX A Options Trading.

APPENDIX B Utilities and Master Limited Partnerships.

APPENDIX C Real Estate Investment Trusts (REITs) with Options.

APPENDIX D Suggested Reading.

Index.

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