Anbat

XOM- How to make passive money!!

Long
NYSE:XOM   Exxon Mobil
4
If you can either own shares or options of Exxon, should look for blue chip stocks with dividends whom been around for a very long time. *Please GOOGLE: DIVIDEND ARISTOCRATS, which is a 2017 list that you can print or save. Why would you want these stocks to invest in? To get quarterly dividend checks and if you do a covered call option (buy 100 shares of a stock) you could make profit on both shares going UP and sell a call option (could make a premium on each share too). * Please check web and You Tube ( covered call options- if you do not understand).

Why, I am showing you this exact chart? Because this week or next, if you have shares in Exxon, you could make a dividend (free money) on each share that you owned. From previous dividend payout schedule, look on bottom on chart- they give out dividend check out ( in between .69 to .75) in month of: February, May, August & November. This is a great source of passive cash flow. Stay safe and think of the big picture when investing and retirement.

Related to chart, I strongly believe that PRICE ACTION has been in a consolidation period last couple of months at a support area, it is a great time to buy either shares or call options for rest of year or longer. Please do your own homework with any investing and remember with your CASH, stocks are better then bank interest. You need to control and invest your own money, because no one else has your best interest more then you do. Have a great day!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.