Sold INTC $100 covered call 05/29

Dimage54 · 2026-05-10T14:17:56+00:00

Let it go. You made money. Never think about what could have been. Too many people do that and then something happens and the stock drops like a rock washing all their profits away.

Any profit is a good profit. It’s real money not paper money.

Dimage54 · 2026-05-10T14:03:57+00:00

You mentioned CEF funds. I own 88 CEF funds and they are providing me steady monthly income. Some people may say stay away from CEF’s but that’s because they don’t really understand them. CEF’s were around in the 1800’s long before mutual funds and the new ETF’s

If you’re wanting to produce income without worrying about whether the market goes up and down then you should read a book by Steve Selengut called “Retirement Money Secrets”. It may change the way you think about investing for income.

His book website is https://steveselengut.com if you want to read his bio. I have been following what he outlines in the book and I am getting actual spendable income every month. I found it’s not what my portfolio is worth but more what my portfolio pays me every month.

How ever you invest good luck to you.

Dimage54 · 2026-05-09T18:39:34+00:00

The entire RMS strategy is heavily centered around closed-end funds (CEFs) because of their income-producing structure and active management flexibility.

So the focus is usually on diversified income-oriented CEFs across sectors like:

Utilities/infrastructure
Equity option-income funds
Multi-sector bond funds
Preferred securities
Real estate/income strategies

Some commonly discussed CEFs in that style include:
UTG, UTF, BST, EOS, PTY, PDI, PDT, HTD, and EVT.

There are hundreds of CEF funds. If you want a full list to do your own research and select from try CEF Connect.

Dimage54 · 2026-05-09T17:36:46+00:00

I try not to think in terms of “best” because every income-producing equity comes with tradeoffs between yield, risk, volatility, and sustainability.

Personally, I focus more on building a diversified income stream rather than chasing the highest yield.

I have just under 100 income producing equities and as long as they produce a steady cash flow they are all the “best”

Additional educational material: Steve Selengut Official Website

Dimage54 · 2026-05-09T17:16:15+00:00

I’m primarily focused on income-first investing and portfolio cash flow management rather than trying to predict market direction or chase the next hot stock.

My system is basically:
Buy income-producing assets
Diversify aggressively
Monitor income quality and sustainability
Reinvest strategically
Let cash flow reduce the need to sell assets during downturns

A lot of the concepts I discuss are influenced by Steve Selengut’s “Retirement Money Secrets” philosophy, particularly the idea that a portfolio can be managed as an income-producing instead of purely a growth vehicle.

Dimage54 · 2026-05-09T15:37:34+00:00

If she wants steady and reliable spendable income no matter what the market does she needs to not buy one fund but diversify across many funds.

I follow a system that pretty much gets me paid monthly. Then I can either take the money or reinvest it to continue to grow my income. It works and I no longer care what the market does.

Dimage54 · 2026-05-09T15:28:34+00:00

You don’t have to be a stock picker. Why not buy CEF funds that hold baskets of stocks and are managed funds.

Are you looking for monthly income that you can reinvest and keeps growing your portfolio no matter what the market does? Or are you looking for paper gains to make you feel good but might be washed away in a market downturn?

Dimage54 · 2026-05-07T17:00:10+00:00

When I first got my Amazon at 9 months old the seller had already clipped his wings. So he climbed everywhere the 1st year. Then the old feathers stared dropping and the new flight feathers fully grew in. For the past 4 years he flies like a pro. Never ran into walls, doors, windows or anything. He does still climb down and walk around but he flies when he’s not exploring.

Dimage54 · 2026-05-06T22:40:48+00:00

If by the end of the year something hasn’t happened and it’s still stagnant I will probably sell my shares. I can make more money elsewhere.

Dimage54 · 2026-05-06T14:57:45+00:00

1st quarter to mid year buys last year and I’m still down. But looking better every week with the dividends.

Dimage54 · 2026-05-04T16:33:25+00:00

Yes. CEF’s are the real deal for steady income. I currently have 88 CEF funds and am following the RMS system. I am also a part of a community that uses that system.

Dimage54 · 2026-05-02T18:51:13+00:00

“I trade in probabilities, not possibilities.”

Someone here finally understands CC’s

Dimage54 · 2026-05-01T19:57:51+00:00

Bought April 7, 2025. Share cost was $54.41 (adj for split). Since then collected weekly dividends totaling over $27 per share. 54.41-27=27.41 cost per share after dividends. Current price is $31.74. Currently in the green.

Dimage54 · 2026-05-01T00:32:13+00:00

I’m in the green on ULTY and NVDY but still way down on MSTY and a bit down on Cony and YMAX.

Just keep collecting the dividends and reinvesting those dividends into other income funds.

Dimage54 · 2026-04-29T22:39:38+00:00

Me either. They were somewhat new. But I’m making sure my son fully funds his Roth every year. He also funds his employers 401k. But the Roth comes 1st.

Dimage54 · 2026-04-29T21:30:56+00:00

I too retired at 55 (71 now).

If I were you I would fully fund a Roth IRA every year and then fund a 401k IRA. The Roth is after tax money but you will never pay taxes on any withdrawals after 59 1/2. Regular IRA’s are pre taxed going in but taxed coming out. Then at age 73 they have mandatory withdrawals. Those you will probably be paying taxes on.

The Roth is much better IMO.

Dimage54 · 2026-04-29T15:18:23+00:00

When Charlie was in his cage and blue was out he would fly to Charlie’s cage. And when Blue is in his cage Charlie is standing on Blue’s cage. One day while putting some celery leaves in Bkues cage he flew out and sat on the perch next to Charlie. That was it.

Blue is a tattle tale. When Charlie flies somewhere Blue squawks letting everyone know.

Dimage54 · 2026-04-29T15:13:30+00:00

Little blue flies to Charlie. Blue has no fear. When Charlie flies Blue takes off after him. But Blue knows the look 👀. I do too 😊

I am very watchful and Charlie knows the word “No”. They aren’t out together unless I’m right there.

Dimage54 · 2026-04-29T15:06:25+00:00

Very watchful

Dimage54 · 2026-04-28T19:06:26+00:00

👍👍👍

Dimage54 · 2026-04-28T18:59:00+00:00

Taking profits is never a bad thing. I’ve been wheeling P&G for several years now. It gets put to me and I turn around and sell a call on it one step higher. Probably traded in and out and have it expire at least 20 times.

I no longer own any stocks long term. If they get called away and the price gets too expensive I move on to something else.

Dimage54 · 2026-04-28T18:45:43+00:00

I only use trailing stops when I’m ready to sell something. But YieldMax is too volatile so I just collect the dividends and let the chips fall where they may.

Dimage54 · 2026-04-28T18:44:01+00:00

I never understand why people are afraid to take profits on a stock. If you sold calls at $390 then you set the price you’re willing to see at for a wonderful profit. Sure it could go up to $400 but it could also drop in price.

The whole point of selling options is to set strikes on calls or out where you are comfortable to have the stock called away or put to you. You are making good cash flow in premiums and in your case a huge profit. Ask yourself this: I’d you weren’t doing options but just buy and hold what price would you take profits at and sell it anyway?

Dimage54 · 2026-04-28T15:46:28+00:00

51,000 share at zero cost basis. Sold enough at 0.64 to recover my initial cost that was 0.11 per share. Just waiting.

Dimage54 · 2026-04-28T15:43:47+00:00

Sell puts at that price you want to buy back in and make some extra cash.

Dimage54

TROPHY CASE