6-month income trading review + high altitude thoughts.
My income. I don't make big money doing this, but for how little work I put in, try and find a better way to earn passive income while your investments play out.
A review from the last 6 months on how much crust I've actually earned trading basic options.
I’ll show my results going back 6 months from today with my broker to bank statements.
Please note that during this time, I was also sidetracked by some early opportunities in the Argentine mineral sector and didn’t engage in income trading as frequently due to allocating capital to them.
One big opportunity still exists as a standout in my mind. I wrote about that here the other day.
Since then, I’ve upped the frequency of trading since making some early returns in those stocks initially.
Can you survive on what I’m constantly pushing on you with my stupidly basic income trading strategy?
Why do I like it so much?
For starters, it’s the blueprint I got from my close mate and mentor
, and basically, I only answer to myself.I can be known to have a problem with authority - especially if I sense the position isn’t deserved.
But on the flip side, I love nothing more than learning from someone I can look up to. That can be hard to come by these days in the woke West.
So, today I have no boss, and I can enjoy the meantime while holding strong conviction in my long-term investments.
Argentina and Latin America have felt like one big eye-opening adventure over the last two years since leaving my profession in the mining industry in Australia.
What I've observed economically in Argentina over the last 18 months, what I'm currently witnessing on the ground, and the fortunate opportunities I've been able to experience by immersing myself in the local culture aren't typical experiences for a washed-up bloke from rural Tasmania.
Anyway, you can decide for yourself if these numbers are good enough for you to consider doing something similar.
The key here - I don’t do this lifestyle for one month per year.
It’s permanent and I ain’t going back to the rat race anytime soon.
I’m been doing this income setup for the last two years which means the next steps for me will be sorting out tax residency in Latin America and breaking ties with Australia.
Currently, I'm doing some due diligence on this matter, as it appears that there are many agencies out there to choose from, some costing more than others for what seems to be the same thing.
Stay tuned for that if you're interested, and I'll try to find the best deal.
Now, let’s get some hard numbers into this article.