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| By Nilus Mattive |
My years at Weiss Ratings have always been a family affair.
Our team had the opportunity to spend time with several of our members recently. Many told us that investing is a multigenerational activity for them.
Some even brought their entire family to our Weiss Investment Summit last week!
I got to thinking about all your stories on my plane ride back to California.
And how my own Dad’s success story can just as easily become yours.
Some of you know that I worked on Wall Street in my 20s.
My new career in financial analysis and research sparked some terrific conversations between my parents and me.
In fact, Dad and I started to talk regularly about money matters and his own retirement plan.
He was earning a good salary. But he was hardly getting rich.
So, we agreed that our goal would be to supercharge his wealth as much as possible from that point onward.
I’m proud to say we succeeded.
Years ago, I shared our favorite strategy with Dr. Martin Weiss.
We now call it the Friday Income Machine. (Click this link here to see how it works.)
Martin was amazed by how much it helped Dad boost his investment income substantially.
Even more so, how we did it without adding any more risk than with owning stocks …
Stocks my dad would want to own in the first place.
And the results are now part of my family’s legacy.
Starting in July 2010, I helped Dad invest $100,000 of his savings in dividend-paying stocks and other income-producing assets. And we used options to boost their income three and even fourfold.
Yes, it involves options. And I may lose some of you here with that revelation.
But here’s the thing.
Instead of speculating with them, we were using them to increase income and decrease risk.
The result?
Within a few years, in addition to extra income AND less portfolio volatility …
Dad was able to peel off $54,148 in total profits … while still keeping the original $100,000 invested for even more future upside and income potential.
Today, Dad’s 78 and comfortably retired.
He bought a house in Myrtle Beach and plays golf several times a week.
And he can pretty much fly out here to Santa Barbara whenever he wants to see me (and his granddaughter).
A lot of that is the result of all that groundwork we laid a quarter-century ago.
But it’s never too late to start … or accelerate … your own income journey.
In fact, if you’re unhappy with what your portfolio has been doing, now is the time to make changes.
If you’re in cash, consider SLOWLY allocating to other assets.
Or if you’re in extremely aggressive investments that have been plunging, consider cutting some losses and rebalancing ahead of any further downside.
Don’t wait until “someday” … it often never comes.
Indeed, it seems like only yesterday that I was helping Dad make these decisions.
At the time, my daughter was a baby.
Now, she’s 18 and she goes to visit Dad on the East Coast.
Who knows … maybe another 10 or 20 years from now she’ll be helping me with something as I near my own retirement.
The only thing that would make me prouder is if you got on my mailing list to go for an income payout of $1,000 tomorrow morning — and nearly every Friday from now on — and ended the weekend with some extra cash in your pocket.
Click here to see how Dad’s and my favorite income-producing strategy can work for you.
Best wishes,
Nilus Mattive
