Ways to increase income - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Ways to increase income

Reply
 
Thread Tools
  #1 (permalink)  
Old 05-09-2016, 11:22 AM
Verified Member
 
Join Date: Sep 2016
Posts: 12
poorguy is on a distinguished road
Default Ways to increase income

Hi.

I am starting this thread so that everyone can share how to make e.g. $1000 more per month on top of your current job.

Hope this can provide some useful information, of course the guy who looks out the window everyday might pop by but we can just ignore him.

For me, I am selling put options on some stocks that I do not mind holding.
However, as Apple stock is expensive, I get only about 0.5% return per month on my capital $40,000.

Also, I am also invested in a fund, EXG that pays dividend monthly and the yield is ~7% per year, after US dividend tax.

I did some research on convertible bonds which seem to payout some dividend and provide some upside when stocks go up as can convert to stocks but most are priced above par so haven not shortlisted any so far.

So guys, any good opportunities to share other that COE price going up, look out window, sell HDB flat and retire overseas?

~poorguy

Reply With Quote
  #2 (permalink)  
Old 05-09-2016, 12:05 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by poorguy View Post
Hi.

I am starting this thread so that everyone can share how to make e.g. $1000 more per month on top of your current job.

Hope this can provide some useful information, of course the guy who looks out the window everyday might pop by but we can just ignore him.

For me, I am selling put options on some stocks that I do not mind holding.
However, as Apple stock is expensive, I get only about 0.5% return per month on my capital $40,000.

Also, I am also invested in a fund, EXG that pays dividend monthly and the yield is ~7% per year, after US dividend tax.

I did some research on convertible bonds which seem to payout some dividend and provide some upside when stocks go up as can convert to stocks but most are priced above par so haven not shortlisted any so far.

So guys, any good opportunities to share other that COE price going up, look out window, sell HDB flat and retire overseas?

~poorguy
All you are doing is punting on a couple of high risk instruments like writing options and buying a derivative linked fund fraudulently marketed as a dividend income fund.

You are better off driving Uber as side income for extra $1000 a month.

Reply With Quote
  #3 (permalink)  
Old 05-09-2016, 12:18 PM
Verified Member
 
Join Date: Sep 2016
Posts: 12
poorguy is on a distinguished road
Default

what warrants your negative remarks?
Do you want to substantiate your unconstructive remarks with better explanations?
Selling put options is risky? are you talking about naked puts?
Fradulent fund? Do you know the underlying securities?
Does driving uber give you extra $1000 a month? Do you want to share your experience or just based on some information you read online?

Negativity does not get you anywhere, be positive yah?

Reply With Quote
  #4 (permalink)  
Old 05-09-2016, 01:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by poorguy View Post
what warrants your negative remarks?
Do you want to substantiate your unconstructive remarks with better explanations?
Selling put options is risky? are you talking about naked puts?
Fradulent fund? Do you know the underlying securities?
Does driving uber give you extra $1000 a month? Do you want to share your experience or just based on some information you read online?

Negativity does not get you anywhere, be positive yah?
If you think writing covered options ain't risky, then you need to go back for some basic lessons. Your EXG fund markets itself as a global diversified equities fund that pays out dividends, but in actual fact it uses undisclosed derivatives that are somewhat linked to a portfolio of equities and pays out so called distributions that are in most likely hood some sort of capital.

It is hard to tell because the company isn't being transparent on the actual mechanics except that is is loosely tied to the performance of a basket of equities. However, one cannot escape the fact that equities do not pay out net yields of 7%, i.e. gross of 9-12%, not even if it were solely concentrated on emerging markets.

Uber part time drivers can make additional $1,000 with far less risk and much more consistency. I am just suggesting to you that what you are doing is just high risk low returns and that amount can easily be replicated by driving part time with greater peace of mind.

Try to think logically instead of knee jerk defensive reaction and senseless sloganeering to be "positive".
Reply With Quote
  #5 (permalink)  
Old 05-09-2016, 01:27 PM
Unregistered
Guest
 
Posts: n/a
Default

We already made our money from good opportunities. That is why we have time to look at COE prices and look out of windows. I see you're a poor guy so work hard and one day you can join us.
Reply With Quote
  #6 (permalink)  
Old 05-09-2016, 02:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
If you think writing covered options ain't risky, then you need to go back for some basic lessons.
I think his into binary options with the so call fix return every month. A lot of get rich quick lesson are teaching this as a safe monthly return strategy to the layman. They like to ask the students to use apple & google stock to write because it makes whole strategy sound credible.
Reply With Quote

  #7 (permalink)  
Old 05-09-2016, 02:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Not surprising why you are a poor guy.


Quote:
Originally Posted by poorguy View Post
Hi.

I am starting this thread so that everyone can share how to make e.g. $1000 more per month on top of your current job.

Hope this can provide some useful information, of course the guy who looks out the window everyday might pop by but we can just ignore him.

For me, I am selling put options on some stocks that I do not mind holding.
However, as Apple stock is expensive, I get only about 0.5% return per month on my capital $40,000.

Also, I am also invested in a fund, EXG that pays dividend monthly and the yield is ~7% per year, after US dividend tax.

I did some research on convertible bonds which seem to payout some dividend and provide some upside when stocks go up as can convert to stocks but most are priced above par so haven not shortlisted any so far.

So guys, any good opportunities to share other that COE price going up, look out window, sell HDB flat and retire overseas?

~poorguy
Reply With Quote
  #8 (permalink)  
Old 05-09-2016, 02:40 PM
Verified Member
 
Join Date: Sep 2016
Posts: 12
poorguy is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
If you think writing covered options ain't risky, then you need to go back for some basic lessons. Your EXG fund markets itself as a global diversified equities fund that pays out dividends, but in actual fact it uses undisclosed derivatives that are somewhat linked to a portfolio of equities and pays out so called distributions that are in most likely hood some sort of capital.

It is hard to tell because the company isn't being transparent on the actual mechanics except that is is loosely tied to the performance of a basket of equities. However, one cannot escape the fact that equities do not pay out net yields of 7%, i.e. gross of 9-12%, not even if it were solely concentrated on emerging markets.

Uber part time drivers can make additional $1,000 with far less risk and much more consistency. I am just suggesting to you that what you are doing is just high risk low returns and that amount can easily be replicated by driving part time with greater peace of mind.

Try to think logically instead of knee jerk defensive reaction and senseless sloganeering to be "positive".

Compare this to your first reply. If you have answered with these constructive comments, it would have educated people so much.


I am poor, so COE/retirement is out of my leagues, that is why I'm asking if other people care to share their ideas.

Also, I am not into binary options and definitely not selling anything. I sell 4 contracts of [email protected] put options for about $100/contract. It is not a naked put option as I have to put aside 40k in case the options got called which happened before and I had to buy the stocks. Which I then sell call options as covered call.

Other than Uber, any other suggestions to share?
Reply With Quote
  #9 (permalink)  
Old 05-09-2016, 03:08 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by poorguy View Post
Compare this to your first reply. If you have answered with these constructive comments, it would have educated people so much.


I am poor, so COE/retirement is out of my leagues, that is why I'm asking if other people care to share their ideas.

Also, I am not into binary options and definitely not selling anything. I sell 4 contracts of [email protected] put options for about $100/contract. It is not a naked put option as I have to put aside 40k in case the options got called which happened before and I had to buy the stocks. Which I then sell call options as covered call.

Other than Uber, any other suggestions to share?
what skills u have? cannot just no head no tail expect ppl to teach u how to make money.

also from exp i dun recommend poor ppl play stock market, many of my friends all end up losing money cauz they dun have backing.
Reply With Quote
  #10 (permalink)  
Old 05-09-2016, 03:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by poorguy View Post
I sell 4 contracts of [email protected] put options for about $100/contract. It is not a naked put option as I have to put aside 40k in case the options got called which happened before and I had to buy the stocks. Which I then sell call options as covered call.

Other than Uber, any other suggestions to share?
Different poster.

This is like playing with CFDs, win some lose some. I won't classify that as additional monthly income. 40k too small to make passive income, best way is to take up additional jobs like driver, property/insurance sales, tuition, blog shops etc.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
4 practical ways to save money admin Education and Personal Growth 0 22-10-2015 09:57 PM
Ways To Increase Your Income From Your Job admin Income and Jobs 0 03-04-2014 12:23 PM
CPF Withdrawal: 2 Ways Salary.sg Investments and Net Worth 34 16-08-2009 04:56 PM

» 30 Recent Threads
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,740 Replies, 488,854 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,169 Replies, 202,995 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
614 Replies, 310,176 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
41 Replies, 44,854 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,590 Replies, 975,212 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,254 Replies, 1,017,839 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,853 Replies, 3,610,310 Views
Which degree is the best return on... ( 1 2 3... Last Page)
31 Replies, 7,684 Views
Job offer from Apple ( 1 2 3... Last Page)
311 Replies, 53,627 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,768 Replies, 829,597 Views
Career as Teacher ( 1 2 3... Last Page)
2,042 Replies, 1,379,793 Views
ST Electronics ( 1 2 3... Last Page)
382 Replies, 170,437 Views
MasterCard Graduate Developement...
8 Replies, 2,745 Views
Roles in accenture singapore ( 1 2 3... Last Page)
288 Replies, 226,435 Views
Govtech bonus ( 1 2 3... Last Page)
30 Replies, 12,330 Views
Constituency Manager (People... ( 1 2 3... Last Page)
832 Replies, 418,667 Views
Lawyer Salary ( 1 2 3... Last Page)
4,865 Replies, 2,103,266 Views
Need career advice
4 Replies, 779 Views
SPF (Direct-Entry Inspector)
9 Replies, 1,145 Views
is it crazy to give up a 100k P.A... ( 1 2 3)
27 Replies, 21,723 Views
Career switches - job options and... ( 1 2)
13 Replies, 2,344 Views
OCBC Young Bankers Programme ( 1 2 3... Last Page)
97 Replies, 71,144 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,370 Replies, 538,727 Views
Job search for returning...
1 Replies, 323 Views
Infineon Technologies
1 Replies, 246 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,065 Replies, 473,543 Views
Singtel Management Associate... ( 1 2 3... Last Page)
117 Replies, 76,702 Views
Schneider Electric - EGP (Grad... ( 1 2 3... Last Page)
39 Replies, 13,662 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,554 Replies, 1,220,959 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
873 Replies, 701,493 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:26 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2