Summer vacations for the kids have started and we are counting days for our yearly summer vacation. In June my mom also travelled to the beautiful region Carinthia
Carinthia is a southern Austrian region in the eastern Alps that encompasses Austria’s highest mountain, Grossglockner. It’s characterized by alpine lakes and mountains, as well as medieval buildings such as Hochosterwitz Castle. The region’s capital of Klagenfurt sits on the shores of huge Lake Wörthersee, surrounded by vineyards. Its central Alter Platz (Old Square) has many Renaissance buildings.
If you are interested in visiting the Carinthia region, please visit the website : Visit Carinthia
Do you remember where we are going on vacation ? No..then you missed the blogpost
5 Things You Can Do with Your Vacation Money
Go ahead and read it !! What else did caught my attention ?
What was new in June 2018 ?
The following headline in the newspaper De Tijd did catch my attention.
“Belgians overestimate their pension” is the title. Belgians highly overestimate their future pension. It is smaller than they think, concludes a Schroders research.
An independent survey of 22.000 investors in 30 countries, also Belgium, was conducted on request of Schroders. The people were supposed to invest at least 10.000 euro for the coming year. Employed and retired people were interviewed. The results were somewhat surprising…
The conclusion was that Belgians think they require 75% of their current yearly income to support their living standards after their retirement date. In reality they only receive 54% of their latest salary as a pension payment.
Between dream and reality there is a money gap of more that 20%. That is above the average in Europe, that is equal to 9,6%. It is then also not surprising that 30% of the retirees in Belgium consider their pension payment too low. In whole Europe only 14% thinks so…
Additionally Belgians underestimate their yearly expenses. They think that one third of their pension will be sufficient, while in reality they will require at least 50%. That is potentially problematic. In order to compensate that, people will need to save and/or invest money during their career.
The advice is to supplement your yearly pension with your savings The gap between the expected pension payment (75% of your latest salary) and the real pension (54%) is on average 450 euro per month. With current low interest rates you will need a LOT OF MONEY to save. On average Belgians save 9,2% of their income for their pension, while the European achieves 10,5%.
Finally there’s the financial literacy. You will need the right financial knowledge and people who invest their money wisely, continue to do that during their pension, says the Schroders report. That’s also how I think about it !!
Now you can read our Dividend & Options Income May 2018 Report Out for my mom’s portfolio. Let’s see how much money I did generate for my mom in June.
Dividends & Options received in June 2018
During the month of June 2018, we received 469,17$ passive income with 116,44$ dividend income coming from dividend paying stocks and ETFs and also 352,73$ options income. It is above the 290$ monthly goal that we did set as the 2018 objective. HURRAY !!
Here you find the overview of all dividend payouts during the year 2016, 2017 and first months of 2018.
The Options Trade Review
During the month of May 2018, we did sell 2 contracts in the ticker $NUGT at the strike price of 22$ and 1 contract in $BABA at the strike price 170$.
How did I come with those strike prices ? I learned how to do technical analysis and determined the support pivot lines for both stocks. Alibaba had a lot of upgrades of different analysts and wasn’t going to fall down to this 170 level. If it did, it was a gift and I wouldn’t have mind buying 100 shares. The same applies for gold miners. I wouldn’t mind owning 200 shares of NUGT at a price of 22$.
So instead of owning 200 shares NUGT and 100 shares of BABA, I did not buy anything and received 352,73$ options premium. Not bad !!
Dividend & Options Income Growth
June 2018 did add more than 400$ passive income in my mom’s pockets. After 6 months we have 62% of our yearly objective and generated 2.181,5$. Actually last year we earned 1783$ dividend income.
Today we passed after 6 months the 2000$ Milestone. Isn’t that great news ?
So the goal for this year is 3500$ and we have 62% locked in. We are well on track to hit our objective !
Going forward
We transferred my mom’s portfolio also to the broker Tradersonly and are now learning this trading platform. We continue to learn more options investing strategies and implement a standard process for finding trades that pay good premiums. We are convinced that better results will follow.
We advice to keep investing in your knowledge and results will follow as you can see during this month.
Thanks for following us on Twitter and Facebook and reading this blog post. We end with a quote as always.
Source : De Tijd
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