Many people who were adapted to using the older big corporations telecommunication services were tired of being hassled by so many reactivation fees and many other fees. They then were always on a search for better telecommunications networks to provide them better services without the hassle. That is when Lightyear Wireless came out with the focus of doing so. Since the company was founded in 1993, there were many customers who left the older big corporations and are now part of its faithful clients list. The main reason is that there is no need for contracts in order to hire its services. All a client has to do is just go on and sign up choosing which services he wants. The good thing is that they are then capable of using these services as long as they want without any hidden fees or other hassling fees which were applied by the other corporations.
Archive for the ‘Home-Based Business’ Category
Covered Calls As a Home Based Business
01.06
Covered calls have been around since 1973. It is an investment strategy designed to generate recurring monthly income. A ‘covered call’ is a two part trade where an investor owns 100 shares of stock and then write a call option against that stock. In exchange for giving up some upside potential, the investor generates current income today.
Here’s an example. Let’s say you own 100 shares of XYZ stock at $48/share. You can sell a call option with a strike price of 50 that is good for 1 month. In exchange for this you will receive, let’s say, $100 today. Now, on option expiration day if XYZ is over $50/share you will lose your shares and receive $50/share for them. So you’ve made 50 + the $1/share you got for the option, or a total of $51/share. You’ve made $3/share profit in 1 month. Now you can take your cash and do it again for the following month.
Now, if XYZ is below $50/share on expiration day then the option expires worthless, you keep the $1/share in option income, and now you can do it again the following month by selling another option on the same stock. That’s why we say it generates *recurring* monthly income. If the stock is ever called away you can just use the cash you receive to buy more shares and keep doing it the following month.
It is a more conservative strategy than its nearest cousin, the popular buy-and-hold strategy. The downside protection you get from the option premium will cover the first part of any drop in the stock price. It’s possible to still lose money (if the stock drops a lot before expiration) but you will lose less than someone else who owns the same stock and is using the buy and hold strategy. Overall, covered calls are a more risk averse way to invest.
Selling Cameras for Extra Income
12.13
I never throw anything away. I know it’s a terrible habit, but recently it actually made me some money and now I want to earn even more. I was going through some of my things and found six cameras that I didn’t use anymore. I even had an ancient instant camera still in the vinyl bag. I thought I would try to sell the cameras online before I threw them out but I wasn’t sure where to go to try and sell them. I did a search for where to sell cameras and found a great site to try out. Even though this was my first time selling online, it didn’t take me long to post my items and I sold all of them. Most of the cameras had multiple bids and I was shocked at what they sold for. Now I want to go to thrift stores and garage sales and buy more cheap cameras and sell them online.