At the beginning of the year I came up with an intentional way to “reinvest” my naked put proceeds. The way I look at it is that I am taking some real risk selling naked puts, so any proceeds should be reinvested safely. In years past that meant reinvesting the proceeds into small dividend champion/contender purchases, however, I changed it so that cleared cash was put into the following: 30% to a few Dividend ETFs, 30% to Long Term Debt, 30% to cash and 10% to stay in the account for emergency pullbacks in the market.

I feel like changing it up a bit for the second half of the year. I don’t think I am making enough movement on my long-term debt, and I feel I am about to pick up some more, couple that with a weird feeling about the broader market which I try not to act It is time for a change.

For 2024Q3 and 2024Q4 the split will be:

  • Same 10% to stay in the account to build some type of cushion
  • 70% to long-term debt
  • 20% to outside cash reserves

The account isn’t earning a ton but I just want to kill off some debt quicker for operation C.R.E.A.M. and this seems like a very easy way to do that.