SMSF Investment StrategiesSharing Simple Strategies for Self Managed Super Funds
Learn Options on a Budget
A number of the investment strategies discussed in this blog involve the use of options. Most stock investors I know do not understand options and think they are very complex or risky. Options can be complex, if you want to do fancy option strategies but buying a put option to protect your stock is simple as buying insurance for your car.
Many sellers of options education try to extend this myth that options are complicated so they can charge you thousands of dollars for a weekend course. Most of the information they cover are really basic and can be obtained free or at a very low cost.
We have put together some free educational videos to teach some of the investment strategies that we do in our SMSF. Go to our Training Videos page to check out the latest training videos.
Free Basic Options Education
The best places to get a free basic education on options would the
1) Chicago Board Options Exchange (CBOE) Learning Centre and
2) The Options Industry Council (OIC)
3) Australian Stock Exchange (ASX) Online Options Courses.
Excellent, Value for Money Options Education
a) Selling covered calls and puts
To learn about some basic option strategies such as selling covered calls and cash secured puts, I think all you need is to buy some books. I have put together a list of Basic Options Books that would suit someone new to Options and are interested in learning more about the.
b) Income and other Wealthbuilding strategies
For those wishing to learn more advanced strategies using options, I would recommend this online course from OptionIncomeSystem. I have spent thousands of dollars on attending various options courses and tried various options strategies and only one strategy has enabled me to generate income consistently and does not require me to spend all day to monitor the market. This strategy is the core strategy taught in this course. The person who teaches this course is a retail investor himself who has traded options for more than 20 years. Even though I have been trading using a similar strategy for my family investment company for the past 2 years, I still found I learned a few new things from this course which more than pays for the small investment of USD197 for this course. The course covers a number of other wealth building strategies using stocks and options that are suitable for SMSFs. Click here to download a free video and get more information about this course.
