@vivek_singh@believeab I already started 10 years back - i started with 10 lakhs - before they have good margin -nowadays they reduced still option selling is good - now my NetWorth is 1.3 cr - the profit from option selling i invest in to GSEc Mutual fund and some dividend stock also - now my yearly dividend income around 10 lakhs - option selling income is 30 lakhs - every year 2 lakhs will increase - this methos you choose you will stay long in the market - never try to make more than 3 % in option selling - it’s my experience - i am full time option seller
Next 10 year is my golden years in option selling i believe -(SUBJECT TO MARKET RISK)
@Gnome no job - only trading income - i iam living trading income for last 6 years - now my dividended income is enough for me even i am not trading - my target to achieve 20 lakhs as dividended per year in next 5 years -
80 percent of my money in GSEC and and other 20 percent in dividended yield stock and mutual fund for longterm investment
now every month i am getting credited 1 lakhs as dividended - yearley average 10 lakhs as dividended as guaranteed - because its gsec 80% i invested -
my monthly income conservetive basic - 2.5 lakhs from trading + 1 laks from dividended
total = 3.5 lakhs per month income - again reinvested in asset allocation baisc
Upto you but it might be better to invest in growth versions of debt mutual funds instead of gilt directly, esp if you can hold for 3 years. You will get indexation + 20% tax instead of slab rates.
In return, MF will take some expenses. Gilt index IDFC is around 0.15%. And there is some MTM variation too but at maturity you should get the rate at which you invested in for fixed maturity funds. So giving up monthly income leads to much better post tax returns after holding period.
I am not saying you are not making money. But you can’t have dividend income of 10 lakhs when you have a net worth of 1.3cr. Even if you have entire 1.3cr in equity, you won’t get dividend of 10lakhs. You are talking about dividend yield of more than 8 percent.
If you are generating 3 percent per month it works out to 36 percent even without compounding.
So your 30 lakhs when reinvested should give at least 10 lakhs.
Again. I am not saying you are not making money. But the figures you have given don’t work out mathematically.
Edit: what you are trying to say might be, the debt funds that you pledge give you return of 8 percent. This is possible.
vedanta i buy average price is 198 7 yera sback 17% dividnded yield
irfc 23- 7% dividended yield
rec and pfc 92 & 98 - 12% dividended yield
nmdc 105 -12 % dividended yield
-50 lakhs worth stock is fetching average 9% to 10 % yield
736 2036 bond i buy 92 price now its trading 103 @ aroung 20 lakhs
most of the bonds i buy discounted price gsec is fetching average 8 %
i have irb invit its fetching 14% dividended yield average price 51
powergrid invit fetching 8.9% divideneded yield average price 128
all the dividended will be re invested in coming month in tech mahindra and hcl technology
calculate it you will get answer
some stock suddenly give high dividended and some one will maintain same - but no one will reduced , because every company have sound caash flow -
average last year i got around 10.2 lakhs as dividended - these amount i reinvested in stock and gsec
for these dividednd to get i worked hard for last 10 years with goal
when you try in your accout its possible - 2020 i buy all dividended stock as discount - now those are bearing fruits now, in the form of dividend too capital apprecation brother …
Am not saying you are not making money. The numbers you gave somehow don’t match up according to me. Your buy price is irrelevant if you are considering dividend yield.
If you are talking about appreciation in value of stocks and mutual funds then yes, it will easily go up by that value. So networth will increase by 10 lakhs in addition to whatever trading income you make.
Anyways. May be it is and I am wrong. Good returns.