Also called buy/write and share renting.
Basically, a friend of mine has begun "share renting" shares from Australia but on the NYSE in the USA. He does it through people called Sharelord or something like that, through a Jamie McIntyre course that he did. I haven't seen any of his accounts or anything buy he took out a personal loan from the bank and started doing it.
He says he earns 5% return per month. This basically equates to about a 70% return every year. He says he spends 15 mintues per month actively doing it.
I mean 70% return with "no risk" is this guy for real? If it's this easy why doesn't everyone do it?
Look forward to your honest opinions on the subject.