On October 2, 2009, I wrote an essay called "Double Juicy." It was part of the "Retirement" series of essays in which I described how I would go about generating $50,000 of income per year from $500,000 in financial assets. This essay described a strategy which finds optionable stocks paying dividends of at least $2.00 a year and yield at least 4%. It was called, "Optionable 2x4s." That evening, Mr. Glenn Tompkins, Manager of Educational Services, illustrated how the "Optionable 2x4s" Strategy could be used with the Option Rate of Return Tool to capture both the juicy dividend payments and the juicier option premiums.

Even though Mr. Tompkins made the implementation of this strategy look easy, I was concerned that the requirement of selling Covered Call Options to generate income was adding too much complexity for most of our subscribers. So I wrote another essay the following week called, "Managing Your Retirement Stocks." It also became clear to me that selling Covered Calls must be a vital and necessary part of any retirement strategy. I consider the gains that one makes in Capital Appreciation as cushion, but dividend payments alone cannot provide sufficient income to meet our goal of a 10% annual return. Therefore, I thought long and hard on defining a simple, no guess-work, mechanical technique of consistently generating substantial income from the "Double Juicy" concept. I believe I finally designed a rules-based system that will work.

This system is based upon the idea of receiving a nice cash payment at least once a week. When I was a kid I used to get paid in cash at the end of each week, and I found that no matter how rotten the week was, the cash payment always made me feel better. I have never gotten the same feeling from receiving a check in the mail and having my pay deposited directly into a checking account is for the birds. Nevertheless, we live in an electronic world and I still like money. So I decided to take my electronic payments on Fridays.

From the studies that we have done so far, it appears that a $100,000 portfolio will deliver $20,000 to $30,000 per year in dividend and option premium payments with this system. These numbers do not include gains or losses in stock prices. As you can imagine, however, the money received in payments can mitigate any damage done to your capital position. Another thing I like about this system is that it doesn't require a lot of attention. You only have to look at your portfolio once a week.

We are planning on introducing this system as a Special Bonus to attendees at our One-Day Options Course in Los Angeles on June 12, 2010. So why are we not presenting it as a "Strategy of the Week" presentation? Because this material would normally be part of our Options Course and I want you to learn how to trade Options. If you have already taken our Options Course, we will ship a report to you after June 15, 2010 for only $29.00. Simply, call 1-888-658-7638, and ask for the report on The Payday Portfolio.

A SLICK PROPOSITION.
As a layman, I marvel at the technology used in deep sea oil drilling. As a former Chemical Engineer who designed and built plants, I'm repelled at the sloppy, reckless work that led to the BP Oil release taking place in the Gulf of Mexico. As an investor, betting against BP early on was an easy way to make money. But there were times when it looked like they might actually "plug the damn hole." If successful, it would have given BP's stock price a boost. If not successful, BP's stock price would continue to slide down the slippery slick. There's a trade for every situation and Mr. Dan Misch, another one of our best Instructors, will demonstrate how one could have made money when the outlook was dire and when it was hopeful, but not certain. Please join Dan at the VectorVest University to see this week's intriguing "Strategy of the Week" presentation, "A Slick Proposition."