Part 6/12:
Addressing wealth preservation, the speaker shared practical techniques for retirees and long-term investors:
For someone with $1 million in Tesla and $1 million in Bitcoin, he recommends selling covered calls—selling options out-of-the-money—to generate passive income. For example, selling 3–4 month covered call options could yield around $620,000 annually, providing cash flow while holding the core assets.
The strategy emphasizes "holding winners, cutting losers", crucial for surviving market downturns and maintaining a long-term wealth buildup.