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  • Profile photo of jackmendozajackmendoza
    Member
    @jackmendoza
    Join Date: 2007
    Post Count: 2

    Hi Chris,

    I would be interested in  finding olut more about the distressed sales you mention. However you did not include your email address. Can you please forward to me on [email protected].

    Cheers,
    Jack

    Profile photo of jackmendozajackmendoza
    Member
    @jackmendoza
    Join Date: 2007
    Post Count: 2

    Howdy chrisc83,
    re: $15 grand to invest
    I have been using covered call strategies in the US market. It is a great way of gaining cashflow from a lump sum and with the current exchange rate a viable option.
    In essence:
    Buy a share (block of 100 shares)
    Sell an option (1 option equals 100 shares)
    Generate 3-6% per month cashflow depending on your risk profile
    Best account to use is http://www.interactivebrokers.com – the cheapest transaction fees by a long way.

    I am not a financial planner, adviser etc so do your own due diligence before investing. http://www.optionsxpress.com offers  a practice trading account – would be worthwhile learning without investment for a while.

    If you want any further info or assistance, happy to help

    Jack

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