Using Your Hobby to Pocket Easy Money

You only need about 10 minutes and an Internet connection...

That's all you'll need to take advantage of this opportunity, which some consider "the Ultimate Retirement Hobby."

It's unusual because unlike other hobbies, it could cost almost nothing to do. But it could make you hundreds of dollars a month.

I've enjoyed this hobby for years. In fact, it helped me put myself through medical school at UNC Chapel Hill. Yet not 1 in 1,000 Americans knows about this "secret," which I believe is one of the best-kept secrets in the investing world.

The great thing is that you can use this hobby to get paid thanks to other people's hobbies. For example, you could get paid from the popularity of snow skiing, off-road ATVs, and even from grown men wrestling.

It's a powerful strategy that thousands of my Retirement Trader subscribers use every month to pocket income that could fuel their retirement.

And it's simple to use. Once you learn the basics of the Ultimate Retirement Hobby, the next step to make hundreds of dollars every month is to choose a hobby. Any hobby. It can be something you like or even something you don't like, just any popular interest in America.

Let's use the hobby of yoga as an example...

There's no question yoga has exploded in popularity in recent years. I've seen new studios pop up when I travel across the country, but I don't have the time or interest to open a yoga studio to try and make a profit.

I'd much rather just use the Ultimate Retirement Hobby to collect money from this interest right now, with almost no effort.

The first thing I do is find a publicly traded stock that's best positioned to benefit from yoga's popularity.

In this example, let's use the fitness brand Lululemon, which sells yoga accessories. You could just buy its stock, and it might go up or it might go down.

But using the Ultimate Retirement Hobby, there's a clever way to get paid right now from yoga's popularity that's even safer than simply buying and holding the stock. And it has a guaranteed instant payout.

I think you'll find this is one of the best income-producing strategies you'll ever find.

Click here to learn more.

Are you trading options? Let us know about your experience at [email protected].

Q: I have a bunch of great grandkids and grandkids and kids. I think I would like to buy a few shares of a "forever-dividend-paying" stock for each one that might see them through retirement in 50 to 75 years. Do you know of a stock that I could use to bring this about? – W.S.

A: No. There's probably no such thing as a stock you can truly hold forever. We do have positions that we like to think are "forever" stocks. I'd be surprised if anything happened to the business of Coca Cola (KO) or Johnson & Johnson (JNJ) in our lifetime.

But you never know... There used to be a saying "Buy the Generals," meaning General Electric (GE), General Motors (GM), and General Dynamics (GD) – the thought being that sticking with such high-quality big businesses would pay off no matter what.

Well, GM went bankrupt. GE has been beaten by the market over the past five-, 10-, 15-, 20-, and 25-year periods. Of the three, only General Dynamics has really done well.

If you want to be sure you have something to pass on in 50 to 75 years without keeping yourself up-to-date on the business, an index fund gives you the best chance for success. That way, you're exposed to the overall success of the stock market as an asset class.

Q: In an issue of Retirement Millionaire, you urged us not to take selenium or vitamin E supplements. Virtually all multivitamins contain both. I looked at mine (Centrum Silver) and it includes 76% of recommended daily dose of selenium and 156% of E. Should we discontinue multivitamins or simply not take additional supplements of those two things? Since so many people take a multivitamin every day perhaps you could respond in your next newsletter. – D.P.

A: The danger when buying individual supplements – like a selenium or vitamin E supplement – is the amount you're getting. Most vitamin E supplements I've seen give you more than 1,000% of your daily need. Selenium supplements give you upwards of 200%, or more, of your daily need. As you showed in your question, multivitamins contain significantly smaller amounts of each.

I've said it before... Daily multivitamins aren't wonder pills. But if you're not getting the nutrients you need from your diet, taking a multivitamin once a week might fill in some of those gaps. But your best bet is to get what you need from whole foods.

Q: I have shares of a stock that are negative. While they haven't hit the stop, they haven't moved up or down much in the last nine months. Would you recommend using covered calls to profit from this? Thanks. – S.R.

A: That depends on the stock and what your outlook is.

Remember that covered-call options are a way to generate income and lower your cost basis, but in return, you give up some of your upside if the stock soars.

So if this is a biotech company that will jump 50% if its new drug gets approved or a deep value play that you think is worth double its current market price, then selling calls makes no sense. You're working at odds to the reason you're holding the stock.

If this is a steady, mature company that pays a dividend and is closer to a reasonable valuation, then selling calls could be great to take advantage of the languishing the stock seems to be doing.

And if you're interested in learning more about selling covered calls, I tell you exactly how in my book, High Income Retirement, which you can buy here.

What We're Reading...

Here's to our health, wealth, and a great retirement,

Dr. David Eifrig and the Health & Wealth Bulletin Research Team
November 9, 2018