Investing into the stock market for the long term can be pretty powerful. However if you are invested into a few strong companies there are a few ways to make some extra money today.

Below I have listed a few of the different ways which you can make a short term income off of your long term investments.

1. Investing into Stocks that Pay Dividends

The easiest way to make extra cash flow is to simply invest into dividend stocks. Some stocks offer a dividend which pays their investors month after month. This can be a great way to make a little extra cash flow off of your stock.

The only problem here is that it typically pays out very poorly. In fact if you want to get a huge income in the stock market using this method you are going to need to invest a lot of money.

2. Using Covered Calls

Covered calls allow an investor to make money by selling others the right to buy their stock from them at a specific price. For example, if you own stock ABC and it is trading at $60 you can sell the $65 call on it and make a premium.

The only problem with doing this is that you must sell the stock at $65 if you get called out. So if the stock runs up real fast you could end up selling your position. So it is better to only do this when you are willing to sell the stock.

3. Sell Puts

Another thing you can do is to sell a put option. This allows you to get a premium to buy the stock at a certain price somewhere in the future. So if the stock is trading at $40 you could sell the $40 put and be obligated to buy the stock at $40. This way you would get called into the stock if it dips below $40. It is an effective way to get paid to get into a long term investment. You may not get into the stock this way, but you would still make the premium.

Using advanced strategies such as Selling puts can help to increase your income on dividend stocks.

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