u/BusyWorkinPete

I always liked the idea of dividends. When I first started investing, I could only contribute $25 a week. But I researched the ex-dividend dates every week, and tried to get a good dividend stock each week. I would then use the dividend money to buy more stocks. Dividends paid for my first 5 shares of RKLB. Don't let the growth preachers discourage you. Dividends can fuel growth too. They allow you to redistribute your capital as new opportunities arise.

https://preview.redd.it/899hjux3i10h1.png?width=1808&format=png&auto=webp&s=a549bcc071fbed8e5d33342835966c7456a8de69

https://preview.redd.it/a4x090y3i10h1.png?width=1840&format=png&auto=webp&s=1c45c08a8b5962e57be07c29cade43d4ade4bb43

I've been running the wheel since January 20th, using about $300K USD in capital. Here are my results so far:

Premiums collected: $32,122.50

Profit from shares called away: $5450.41

Total yield on capital invested: 12.10%

Annualized yield on capital invested: 41.96%

Some highlight tickers:

100 shares of LQDA purchased at $39.82, total premiums paid so far: $1467. 36.84% return.

100 shares of IBRX purchased at $7.67, total premiums paid so far: $250. 32.59% return.

100 shares of FJET purchased at $6.00, total premiums paid so far: $193. 32.17% return.

100 shares of ALMU purchased at $14.90, total premiums paid so far: $353. 23.69% return.

100 shares of CATX purchased at $4.93, total premiums paid so far: $128. 25.96% return.

My next step will be to start calculating my annualized returns for each based on how long I've held the positions, as some of them have been wheeling from the start, and others have been added along the way. When I originally started wheeling, I thought the stars would be companies like RKLB, ASTS, LUNR, INTC, SLV, AMZN, etc. And while they did well, they're all around the 10-15% yield.