Mid November

Interesting week, markets have been up and up, waiting for an eventual pullback of 3-5%. Funds will mostly stay in play, if they are not then you are just sitting on the sidelines watching doing nothing. We prefer to have all our assets working versus being lazy. We traded TSLA, UNG, DFS by selling Puts and Calls. We were assigned in TSLA and UNG and will follow up with covered calls next week. This strategy has worked out very nicely over the past year and should continue into 2022. UNG is natural gas rolling into the winter months and not subject to some of the inflation concerns. TSLA and NIO are electric vehicle plays along with some of the infrastructure for them such as PLUG, ChargePoint and others.

Our Real estate continues to appreciate and we may sell another asset/condo before the end of the year. This will most likely get rolled into a whole life Insurance Policy followed by loans to put into dividend stocks. We will be meeting with our agent to discuss this and the potential to add additional policies for the kids.

We are continuing to work with lawyers on setting up the trust for the family and generational wealth. Assets will be placed into the trust for management and eventually cash withdrawals for living expenses.

2021 has been a challenging and exciting year for our family. We continue to expand and progress our strategies meeting with the kids for additional ideas.

A little more detailed than usual for the blog, details and discussions can be had on Patreon.


Published by Jay

I came from a single parent house with four kids. My mom was a waitress and my sister helped pay the bills. I didn’t have any silver spoon in my mouth but I was able to break that cycle and I’m still learning about money and finances everyday. They just don’t teach you these things and it seemed like people didn’t want to share!

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