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True I'm not taking the risk and instead plan to just invest in IBIT or BTGD.
You don't need options income, you need (at least some) leverage. SSO, UPRO, QLD, QQUP, BTGD, BEGS etc
QQQM is good. I would drop the single stocks and replace them with similarly volatile (but high expected return) instruments like crypto, precious metals and/or leveraged large cap (IBIT, GLDM, BTGD, BEGS, QQUP, QLD etc) A safer place to park your money but still get decent returns is STRC, especially if you're a crypto believer
You could always buy 100 shares in companies you believe in and write covered calls out. Trading options is risky but selling covered calls is pretty binary. You either keep the premium and don't get assigned or you keep the premium and get assigned. But you choose the strike price so either way you win. I would also look at other ETFS if you want broader diversification and have some other long term bets. Like AOTG is a tech semiconductor growth fund that's outperformed the SP500 every year the last 3 years, or BTGD where you have bitcoin and gold exposure. I would also look at Nasdaq like QQQM and not just SP500.
Google - Autonomous Vehicle leader. KTEC - Chinese Tech will undermine American Tech if the Chinese keep releasing free AI Models BTGD - Bitcoin and Gold Trust (because America is purposefully destroying its own currency to rotate into crypto and traditional metals)
What y'all think about BTGD? Highly regarded or highly regarded?
IBIT, or BTGD if you want a little safer entry.
He's refering to BTGD an ETF with both bitcoin and gold
40 year old Canadian. Fairly low income. Self directed TFSA @ $35000 USD NTSX 50% NTSI 15% CGDG 10% BTGD 10% KMLM 7.5% DBMF 7.5% $10000 CAD in 5 year GIC, 2 years to go. $25000 CAD in aggressive allocation options in work RRSPs