How to Roll a Covered Call Position + MORE

Over the weekend Girl Ninja and I packed up our tiny little 700sqft apartment rental and threw all our stuff in a storage unit. We take possession of our house on Wednesday at 9pm, but leave at 3am the next morning to take 50 high school kids to summer camp for a week. What’s more,  24hrs after we get back from Malibu British Columbia we hop on a plane for a two week trip to Europe…

Just a reminder that Wealth Lion has posts on Mondays, Wednesdays, and Fridays. If interested, you can subscribe to Wealth Lion and get all the updates first-hand. I will not be posting weekly summaries here for much longer, so consider yourself warned if you miss out on the great stuff there. :)Here are the latest posts:

Financials of Real Estate Investment #2 – Details (with pictures) of my second investment property (if you want to see the first one, see Financials of Real Estate Investment #1)…

Editor’s Note: This week, I had the chance to sit down with Elliott Gue, co-founder and co-editor of Energy & Income Advisor and Capitalist Times. Since he’s a leading global energy expert, I thought it might be helpful to share with you some of our conversation. This is part one of a two-part interview…

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question.
1. Selling everything
2. Spouse wasting money on politics
3. Dental insurance
4. Thrift shop
5. Car buying question
6…

The cost of everyday things aren’t always what they seems. While some things start out looking like a good deal, owning them can cost more than we bargained for.
Here are some common things from everyday life that cost more than you thought.
1. A smartphone

Image by: GONZALO BAEZA
What you think you’re getting: A $200 phone…

I subscribe to the promotional emails of hundreds of companies so you don’t have to. I sift through 1,000 deal-touting emails every week. Most are worthless. But some offer valuable coupons, promo codes, sales and freebies — which I collect and organize.Note: Expiration dates are in brackets and special instructions are in parentheses…

According to a new survey that’s about to drop from freecreditscore.com, it definitely does 🙂 But mainly to you women vs us male species, haha… (as if that’s ever ground breaking).
But more interestingly than that really, is that a large chunk of women there (96%) found *financial responsibility* as a whole more important than *physical attractiveness*…

One of my favourite banking institutions in Canada is President’s Choice Financial. PC Financial offers a low cost for most of your banking needs, and earn points just for doing the regular things that make up your life.
In fact, I use PC Financial for the no-fee bank account, but also as a way to earn PC points on things that I purchase every day…

Did you know that according to U.S. Census data, the size of the average home in this country has nearly doubled since the 1950s? What’s more, according a report released in June, 2012 by the Census Bureau, the size of our homes has jumped 62…

The Federal government in the United States has, time after time, attempted to control carbon emissions and so-called climate change via bureaucratic red tape and manipulation of free markets.
But new research indicates that if government officials are seriously concerned about climate change, the concerns could be better mitigated using a free market approach…

This post is from staff writer Lisa Aberle. I shouldn’t be admitting this in public, but it’s the truth. Hi, I am a staff writer for a personal finance blog, and I’m losing interest in personal finance. I’m not leaving the blog, and I’m not going crazy with spending. But I need a little shot of espresso in my ho-hum financial life…

In 2010, I had a good job that provided a nice six figure income with benefits. Like most people, we had a mortgage, car payments, and several credit cards. We had three cats and a baby on the way. We had money to spend on nice clothes, travel, eating out, entertainment, and more. What the heck possessed me quit my stable computer engineering career of 16 years and put all that in jeopardy?
The Retire by 40 idea
Let’s do a quick recap here for our new readers…

On occasion, I write covered calls to help boost the income of my portfolio. What is a covered call? At a high level, it’s allowing another investor (call buyer) the opportunity to purchase your shares (minimum 100 shares) at a certain price (strike price) and by a certain date (expiry).
Why would a covered call seller even consider the “option” for someone else to purchase their shares? Because they are paid to do so (called a premium)! For the buy and hold investor, writing a covered call is purely for the premium…

The same walls.
The same floor.
The same stinking everything!
You’re sick of looking at it. You want out. Now.
But moving to your dream home isn’t an option.
So what do you do? You can’t stay miserable, but you CAN change your perspective. That doesn’t mean accepting where you are; it means accepting that you can change things for the better immediately…

I’ve finally figured out the real secret to my success. It’s something I’ve unknowingly been doing my whole life.
I know I should have figured it out earlier. I’m in my 40s now. Just imagine where I’d be if I’d figured it out 20 years ago.
Unfortunately, many people never figure out the real secret to succeed…

Having returned from a fun filled and exciting trip to Yellowstone, this guest post couldn’t have been offered at a better time. I immediately accepted this post from Gemma. I am not a budget guy who plan for every minute expense. Naturally, I don’t budget for vacation travel. The extra income I earned from the blog helped us cover most of the cost towards the trip…

Photo copyright Chris Bartels
Editor’s Note: Today’s post was written by my wife, Victoria. Above is a recent picture of our 20+ year old cat that my wife has had since she was very young.
I can’t lie – I have wanted to get a dog since my husband and I got married. We lived in an apartment during our first year of marriage, making it impossible to add a dog to our family…

If you are going to buy a home, you will inevitably encounter a very challenging question (unless you are quite wealthy): “should I get a 15 or 30 year mortgage?”.
What you decide could have lifelong consequences (after all, the term “mortgage”, by definition, is a combination of the French words “mort”, which means “death”, and “gage”, which means “pledge”)…

I remember being young and my cousin sitting in the shade of a large oak tree at the beach. She had a big, floppy movie star hat on and a long sleeved beach cover-up, not because it was cold, but because it was hot.
The UV rays were intense in the summer and she (like myself and the rest of my Scottish family) had very fair skin…