Big thank you to Tony and Julie for an awesome, super interactive call. If you missed it (or want to rewatch), here’s the recording: 👉 Replay (70 mins, no highlights): VIEW RECORDING - 70 mins 🔍 What we covered 1. Tony’s story & goals - From penny stocks + pain → decades of “set it and forget it” index funds - Now using a portion of his capital for cash-secured puts (CSPs) and the wheel strategy - Goal: build consistent, conservative income without turning this into a full-time job 2. Cash-Secured Puts on NVIDIA (the core framework) - Using 30–45 DTE, ~20 delta puts - Only on stocks you’d be happy to own long term - Why 50% profit targets make sense (first 50% of premium comes fast, last 50% is slow + risky) 3. When to enter a trade (NVDA example) - Using moving averages + Bollinger Bands in Thinkorswim to spot support zones - Combining technical support (50-day / 100-day MAs) with - Fundamentals (forward PE based on next 12 months of earnings in Schwab) 4. Theta decay & “when does the magic happen?” - Most of the theta decay happens in the last ~30 days - Shorter-dated options = faster time decay - Why that supports the 30–45 day window and 50% profit-taking rule 5. Mindset: opposite of gambling - We’re not here to “YOLO” — we’re building a system - Think like Buffett: “Be fearful when others are greedy and greedy when others are fearful.” - Use volatility and market drops as opportunity, not panic - Keep cash and a long-term thesis so you can act when others are scared Here are clickable links to each part of the video: - CSP Strategy: Sell Cash-Secured Puts (CSPs) on stocks you want to own at a discount. The 30–45 DTE window captures accelerated Theta decay, while the 50% profit target allows for multiple trades ("bites at the apple") on the same stock. The first 50% of profit typically occurs much faster than the remaining 50%. - Trade Entry: Combine technical analysis (moving averages, Bollinger Bands) to identify support levels with fundamental analysis (forward P/E) to confirm the target entry price is a good value. This dual approach helps determine when to enter a trade. - Risk Management: Manually track cash reserves in paper accounts to simulate real-world capital constraints. Avoid using margin until the core strategy is mastered, as it is considered an advanced technique. - Trading Psychology: Adopt a long-term mindset to avoid panic during downturns. Maintain a cash reserve to buy when others are fearful, following Warren Buffett's principle of being "greedy when others are fearful and fearful when others are greedy."

Hey everyone, I’m really looking forward to our community call, unfortunately my 4 year old daughter has the flu and I need to take her to the doctor today so we’ll have to reschedule. We’ll move our call to this Friday at the same time — 11am Pacific / 2pm Eastern. Thanks so much for your understanding ✌️ Jeff

This is the place to share a little about who you are, where you’re at on your financial journey, and what brought you here.We’re building more than just an investing community — this is a movement of people learning how to create lasting wealth through stocks, options, and beyond. A few prompts to help you get started: - 🌍 Where are you joining us from? - 📈 What’s your experience with investing so far? (beginner, active trader, long-term investor, etc.) - 🎯 What’s one financial goal you’d love to accomplish in the next 12 months? - 🌊 Fun one: If wealth is a river, what “part of the river” do you feel you’re in right now? (just stepping in, floating along, navigating rapids…) We can all learn from each other, so don’t be shy. The more you share, the more connected and valuable this community becomes. I will start with mine: Hey everyone — Jeff here. Excited to officially kick off the River of Wealth community. - 🌍 Where I’m from: I live in Newport Beach, California, with my two daughters Clover & Clementine (6 and 4). - 📈 Investing experience: I started investing when I was 13. I took the $1,000 I received from my bar mitzvah and put it in the stock market. During the dot-com boom I grew it to $20k — and then during the crash, it went right back down to $1,000. Painful, but I learned a ton from that experience. Over time, I rebuilt. I started investing heavily in Apple at $7/share, and eventually taught myself how to trade options so I could leverage capital and design precise, consistent strategies. - 🎯 My next 12-month financial goal: To generate consistent six-figure monthly cashflow from options trading while expanding into bigger real estate projects (like hotels and wellness resorts) with creative capital structures. - 🌊 Where I am on the river: I feel like I’m navigating the rapids — there’s momentum, flow, and power behind the strategies I’ve learned. But the goal now is to teach others how to step into the river and build confidence at every stage.