The Safety Dance >> Treasury Bills in a brokerage account

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Normally you would have to buy t-bills through broker / dealers or thru treasury direct. So most people settle for bond funds. But bond funds never reach maturity and hold more than one bond.

T-bills are considered nearly free of default risk because they are fully backed by the U.S. government. And it currently yields 3.38%. 

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Poor Man's Covered Calls #investment #strategy #options

A Poor Man's Covered Call (PMCC), or Synthetic Covered Call, is used to generate regular income as per the standard Covered Call, but instead of purchasing 100 shares of stock, a Deep ITM Call (which is often a long-dated LEAP) is bought.

1. Purchase a deep in the money long-dated Call
2. Write/sell a nearer-dated near-the-money Call

Step by Step Tutorial