Posted March 15, 2021
By Scott Stewart
The Triple Dip
Welcome back to the Rude Awakening for Monday, March 15, 2021.
We have an interesting opportunity for you today that I call The Triple Dip.
This is an approach you can use to maximize your investment dollars.
There are three steps to do this
And we have one specific company you can use to get started with this approach.
The Three Steps of the Triple Dip Approach
It all starts with finding a company that you like and want to hold long term. Once you have that, here are the steps to follow
Step #1: Buy at a discount.
Step #2: Bring in cash flow from a dividend.
Step #3: Bring in greater cash flow by selling covered calls.
The stock were looking at today is a REIT, W. P. Carey Inc. (NYSE: WPC). This one pays out quarterly with a 6% dividend. And analyses on this one are strong.
Have a great rest of your trading day, folks.
Well talk again tomorrow.
Scott StewartEditor, Rude Awakening