On Wednesday, we discussed diversifying your income and the various ways that you could pursue passive income strategies. If you want to establish another source of revenue generation, you may be interested in covered calls through Born to Sell, an additional investment opportunity.
Born to Sell is a subscription service that helps you earn extra income on stocks you own with their covered call screener and portfolio management software. This unique software provides you the tools to earn extra income like a professional trader.
What Are Covered Calls?
Covered calls are an income-oriented investment strategy that provides you the tools to earn extra income from stocks and ETFs you already own. Born to Sell offers subscribers the ability to use their covered call screen to consistently generate recurring monthly income.
Born to Sell offers a stellar tutorial on how their process works, but basically a covered call is an investment strategy involving two transactions: buying stock (or using stock you currently own) and selling a call option against that stock. The combination of these two transactions is called a “covered call” and is also known as a “buy-write” transaction, because you buy the stock and write (sell) the option.
Portfolio Management Software
What makes Born to Sell more beneficial is its Portfolio Management Software. This software offers features such as the ability to:
Search all available covered calls instantly
Set and track income goals
You can also use the Portfolio Management Software to see a summary of your portfolio’s status and as a personal calendar that shows your earnings release for stocks in your portfolio.
Below are some screenshots of your dashboard, which shows you the status of your stocks.
Why Use Born to Sell?
One feature that stands out to me about Born to Sell is their ability to set up different scenarios for your investments. The Cover Me feature lets you play with “what if” scenarios with your uncovered positions and plan for upcoming cycles.
The Diversify Me section compares your positions to the S&P 500 by industry sector and can help you by finding covered calls in any underweighted sectors.
These scenarios make Born to Sell even more valuable, because it goes beyond regular portfolio management services that show your investment history but nothing more. With Born to Sell’s Portfolio Management Software, you can run a few different scenarios to determine the best investment strategy for you.
Track All Your Accounts With Personal CapitalPersonal Capital lets you see all of your accounts in one convenient place. Sign up now for free.
Not convinced? Born to Sell is offering a free 2 week trial for all new users, which you can access here.
If you have more questions, get in touch with Born to Sell on Google+, Twitter, Facebook or LinkedIn. If you’re still curious about Born to Sell, check out their videos on their YouTube channel.