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, 10:22 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



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #2 (permalink)  
Old 05-09-2016, 11:05 AM
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, 11:18 AM
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, 12:16 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, 12:27 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.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #6 (permalink)  
Old 05-09-2016, 01:09 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, 01:35 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, 01:40 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?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #9 (permalink)  
Old 05-09-2016, 02:08 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, 02:14 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 08:57 PM
Ways To Increase Your Income From Your Job admin Income and Jobs 0 03-04-2014 11:23 AM
CPF Withdrawal: 2 Ways Salary.sg Investments and Net Worth 34 16-08-2009 03:56 PM

» 30 Recent Threads
How is life as a doctor in... ( 1 2 3... Last Page)
2,282 Replies, 1,250,476 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,523 Replies, 1,512,778 Views
Marsh Graduate Development Program ( 1 2 3... Last Page)
64 Replies, 26,661 Views
GIC career ( 1 2 3... Last Page)
303 Replies, 420,301 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
77 Replies, 4,745 Views
DBS tech seed programme ( 1 2 3... Last Page)
731 Replies, 148,258 Views
Roles in accenture singapore ( 1 2 3... Last Page)
1,612 Replies, 407,404 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,727 Replies, 1,033,971 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,183 Replies, 590,578 Views
ST Electronics ( 1 2 3... Last Page)
2,195 Replies, 469,927 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
418 Replies, 198,334 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
356 Replies, 214,286 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
2,584 Replies, 1,900,755 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,412 Replies, 4,165,759 Views
Career as Teacher ( 1 2 3... Last Page)
3,624 Replies, 2,248,243 Views
Dsta ( 1 2 3... Last Page)
948 Replies, 675,762 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
330 Replies, 81,508 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
165 Replies, 124,112 Views
Dentist Salary ( 1 2)
16 Replies, 16,437 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,798 Replies, 2,330,450 Views
Different rank in local banks ( 1 2 3... Last Page)
83 Replies, 147,904 Views
Associate salary in Investment...
8 Replies, 971 Views
Tax ( 1 2 3)
21 Replies, 6,501 Views
Looking for working partners for...
4 Replies, 1,551 Views
Offer from PSA International ( 1 2)
16 Replies, 4,724 Views
Freelance instructor salary ( 1 2)
16 Replies, 27,043 Views
Bonus Payout ( 1 2 3... Last Page)
43 Replies, 39,780 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:54 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2