🔄 Make Your Own Machine 8: How to Reinvest Premiums to Grow Your Share Count Alright — by now you’ve: Bought a stock Sold a covered call Collected your first premium (🎉) Maybe even had shares called away and lived to tell the tale Now it’s time to unlock...
đź“Š Make Your Own Machine Part 7: Why I Chose RUM (And What to Look for If You Pick Your Own)
📊 Make Your Own Machine Part 7: Why I Chose RUM (And What to Look for If You Pick Your Own) You’ve learned how to buy a stock. You’ve seen how covered calls generate cash. You even know what happens if your shares get called away. Now the big question is: “Why RUM?...
🧾 Weekly RUMble Update: The Market Dropped. I Didn’t.
It’s been a full week in the RUMble Engine, and while the stock price took a dip, my confidence didn’t move an inch. Let’s break it down. 📉 RUM Dropped This Week — Good. RUM started the week up around $8.92, and slowly dropped throughout, closing Friday at...
🧯 Make Your Own Machine Part 6: What Happens If My Shares Get Called Away?
🧯 Make Your Own Machine Part 6: What Happens If My Shares Get Called Away? So you’ve sold your first covered call. You collected a nice premium. Life is good. But then — boom 💥 — the stock price jumps and you see a notification: "Your option was exercised." Cue the...
đź’¸ Make Your Own Machine Part 5: How Covered Calls Actually Make You Money (with Real Numbers)
💸 Make Your Own Machine Part 5: How Covered Calls Actually Make You Money (with Real Numbers) Now that you know what a covered call is (aka renting out your stock like a boss), it’s time to break down what this looks like in real life — and more importantly…...
đź’° Make Your Own Machine Part 4: What Is a Covered Call? (Plain English Edition)
💰 Make Your Own Machine Part 4: What Is a Covered Call? (Plain English Edition) Alright, now we’re getting to the good stuff. You’ve got a brokerage account. You’ve bought your first stock (maybe even RUM). You’re feeling like a grown-up investor. Now it’s time to do...
Why I’m Not Worried Even Though RUM Dropped This Week (Thanks to the Greeks)
Why I’m Not Worried Even Though RUM Dropped This Week (Thanks to the Greeks) June 13th Let’s cut straight to it:RUM is down this week. The stock price slid from $8.92 to $8.65 — and if you just looked at the share price, you might think: “Uh oh — isn’t that bad?...
đź’¸ Make Your Own Machine Part 3: How to Buy a Stock (Without Screwing It Up)
💸 Make Your Own Machine Part 3: How to Buy a Stock (Without Screwing It Up) So you’ve got your shiny new brokerage account (hopefully through Robinhood, because hey, free stock). Now comes the moment of truth: “How do I actually buy a stock without...
🏦 Make Your Own Machine Part 2: What’s a Brokerage (and How Do I Pick One?)
🏦 Make Your Own Machine Part 2: What’s a Brokerage (and How Do I Pick One?) Alright, so now you know what a stock is. You’re not buying magic beans — you’re buying a slice of a real business. But here’s the next question: “Where do I actually buy stocks? Can...
🔧 Make Your Own Machine: Part 1: What Even Is a Stock?
🔧 Make Your Own Machine: Part 1: What Even Is a Stock? Let’s start at the very beginning. You’ve heard people say “I bought some stock,” and maybe you nodded like you knew what they meant… but deep down you were thinking: "Is that like buying a piece of paper? Or...