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

by Bill Kraft

• ISBN13: 9780470473429
• ISBN10: 0470473428
• Format: eBook
• Copyright: 2009-04-01
• Publisher: Wiley

Summary

Praise for The Smart Investor's Money Machine"Kraft writes in a style that is easy to read with attention to a large audience of investors and retirees (current and soon-to-be) that may have avoided some financial market opportunities because of perceived complexities. Bill makes clear sense of investor and retirement income possibilities. Apropos and useful to the financial market today." Kerry-Ben Kelly, small business owner and friend"If you liked his first book, you'll love his second. Kraft builds on what the reader learned in his first book by going much deeper into the strategies and by discussing some new products, as well as viewing these from an investment perspective as well as a trading perspective. A must-read if you are serious about wealth accumulation." Phil Schwegler, Vice President, Investments, Smith Barney"The Smart Investor's Money Machine is essential reading for investors of all ages. The timeless and tested strategies detailed by Mr. Kraft are well written and logically set forth. Superb information for the investor who desires to learn the intricacies of investing for maximum returns." Eric Aafedt, Publisher of MarketFN.com

Table of Contents

Preface. How I Got Here

What to Expect

What this Book Won't Do for You

What You Will Be Able to Do

Acknowledgments

Build a Money Machine

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

Getting into Gear

A Blueprint for Your Money Machine

First, Make the Commitment

Establish the Foundation for Your Machine

Creating 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

Getting into Gear

Assembling the Basic Parts for Your Money Machine

The Most Common Strategy of Them All

Nut and Bolts

Fuel for the Money Machine: Fundamentals

Some Help from Sectors: Utilities

Master Limited Partnerships

Getting into Gear

Interchangeable Parts for the Money Machine

The Call That Pays You

A Variety of Ways to Ring Up Cash

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

Getting into Gear

Trading for Investors with No Time to Trade

Equities with High Yields

Master Limited Partnerships (MLPs)

Real Estate Investment Trusts (REITs)

First, a Word about Open-End Funds

A Better Choice: Closed-End Funds

Getting into Gear

For Investors with a Little Time and the Inclination to Monitor Some Trades

The Possibility of Great Returns

The Concept of Selling Time

Practical Application: Spreads

Practical Application: Iron Condors

Adjusting Credit Spreads and Iron Condors

Getting into Gear

Playing Naked

Income with No Investment

Selling Naked Puts

Selling Naked Calls

Combining the Strategies - Naked Straddles and Naked Strangles

Getting into Gear

Bonds

Some Fasteners for the Machine

The Elements of a Bond

Pricing Issues

Types of Bonds

Strategies for Bond Investing

Examples

Getting into Gear

Annuities and Reverse Mortgages

Machines That Run on Their Own

What Is an Annuity?

Types of Annuities

Considerations for Annuity Investors

Reverse Mortgages

Getting into Gear

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

Turn the Key, Start the Machine: It's the Beginning for You

Options Trading

Utilities and Master Limited Partnerships that are Paying Dividends and are Optionable

Real Estate Investment Trusts (REITs) with Options

Suggested Reading

Index

Table of Contents provided by Publisher. All Rights Reserved.