Is Mike Burnick Ultimate Income strategy worth the hype? Find out in this comprehensive Ultimate Income review that covers all the pros and cons of this trading program.
Mike Burnick Ultimate Income Review – What Is It?
Mike Burnick’s premier trading service with TradeSmith, Ultimate Income lets you “program” your portfolio to deliver payments on the schedule you want, potentially grabbing income in any market environment and supercharging your returns with the capital gains on the stocks he spotlights.
Through his Ultimate Income strategy, Mike uses a four-pronged approach that trounces any passive income strategy out there.
- First, he gets paid to make low-ball offers on great dividend stocks below market value.
- Should he get the chance to buy those stocks, he earns regular dividends from holding them.
- In the ideal market environment he collects capital gains as these high-quality stocks rise.
- And in the meantime, he sells other investors the right to buy his stocks, at a price he’d be happy to sell them, if they fall.
Getting paid to buy stocks at a discount. Getting paid to own them. And then getting paid again to sell them, ideally with a sweetener in the form of capital gains. That’s a win-win-win-win profit cycle that makes the most out of the highest-quality dividend stocks in the market.
I tell you this because a recent email headline that went to subscribers of Mike Burnick Ultimate Income advisory really caught my eye.
Mike’s strategy handed his subscribers 13 separate options payouts the week of Oct. 16 to 20/2023.
You might remember that as a week where the S&P 500 slid 3.4%, erasing billions in wealth. But Mike’s subscribers remember it as a week of options payouts totaling $555 in income per contract.
Seeing this, I decided to check if Mike’s Ultimate Income strategy is the real deal? This detailed Mike Burnick Ultimate Income review will give you all the information you need to make an informed decision.
Today, we’ll show you each step of the process that led to that huge week of option income returns. And we’ll share one of the many tickers he’s used to generate reams of income for his subscribers.
The Profit Cycle: Income Four Ways with Mike Burnick
The strategy starts with selling put options. This is a lot like putting in an offer to buy a stock below its asking price.
A put option represents the right to sell an asset at a certain price, called the strike price, by a predefined expiration date. So when you sell one, the party on the other side gets that control.
For doing this, we get paid a premium up front. And so long as the asset in question doesn’t fall to the price specified in the contract by the expiration date, we keep that entire premium.
That’s a popular way to generate income in the markets, especially in times of volatility when put-option premiums are high.
But of course there’s a risk there. The stock could fall and you get assigned the shares – 100 of them per contract. What then?
The beauty of Mike Burnick Ultimate Income strategy is that is the entire focus of the service. These are stocks we would be happy to own, so getting assigned shares doesn’t worry me – it excites me.
By selling put options, we’re essentially putting a low-ball offer on stocks we believe in. We’re saying “I promise to buy that stock if it falls 15%. In exchange, you pay me $50.”
If it falls to that level and the option is exercised, you’ll be assigned the stock in your account at that price. And whatever income you received for selling the option lowers your cost basis even more.
So, when you do wind up owning the stock, you do it at a great price – and an even better price than where it’s trading.
Of course, you’re only doing this on high-quality, dividend-paying names. So once you own the stock, you keep collecting income through its dividend and enjoying capital gains along the way. Those are the second and third legs of the strategy.
Now, once you own these great dividend-paying stocks, there’s more you can do than just wait for your quarterly payments.
Selling covered calls is the final leg of Mike Burnick Ultimate Income strategy.
Selling covered calls is similar, but opposite, to selling puts. When you sell a covered call, you sell another investor the right to buy your stock at a certain price. If it reaches that price by the contract’s expiration, you sell them the stock from your account.
Mike Burnick and his team design the trades around this leg of the strategy so they’re not likely to exercise until they want to close the profit cycle. So they generate consistent income by way of dividends from owning the stock in their account, but also through continuously selling covered calls that have a high likelihood of expiring worthless – meaning they keep the premium earned for selling them, and also the stock itself.
Mike Burnick Ultimate Income – How It Works?
An example of Mike Burnick Ultimate Income strategy coming together would be helpful to visualize it.Let’s cover one of Mike’s long-time holdings….
Mike Burnick and his team recently completed this four-step process on Mondelez (MDLZ), the staple food company.
They first entered MDLZ into the portfolio back in mid-June 2022, when it was assigned to them at a price of $62.50. Since they earned $85 in premium for the puts that granted them the stock, already, they were reducing their overall cost basis.
Then, they proceeded to sell covered calls on MDLZ 13 times over the next year. Those trades generated a minimum of $405 in income.
Eventually, one of those covered-call trades resulted in the shares being called away, which led to a gain of about 23% when you factor in regular dividends and capital gains on the shares themselves.
MDLZ is actually the only stock that’s completed this “Profit Cycle” thus far. But it’s just one of dozens of high-quality, blue-chip stocks that they’ve sold covered calls on, week in and week out.
Right now, the portfolio is stacked with 17 dividend-paying stocks, and they’re selling covered calls on these names at opportune times for extra income.
At the same time, they’re constantly selling put options on new stocks that would fit into this long-term portfolio.
It’s a beast of an income machine.
But to be clear, it’s not automatic to create an income stream like this. What you do is fairly active….
This is a trader’s income strategy. But the gains are well worth it.
And again, Mike had an exemplary week back in mid-October, with $555 in income earned that week alone. It really shows the power of building out this portfolio as you have, giving you plenty of ways to generate income each week.
Who Is Mike Burnick?
Mike Burnick is 30 year market veteran and income generation specialist, the author of two books and several respected reports. He has been featured on esteemed publications like Barron’s, Fox Business, and CNBC.
His three decades of market experience have seen him work in banking, on Wall Street, and in wealth management – where his daily responsibility was preserving and growing the wealth of multi-millionaire clients.
He left his career in wealth management (or in his words “my job making rich people richer”) so he could start offering money-making solutions to the people who need them most. People like his friends and family, hard-working men and women who just want one thing: to live the American dream and enjoy retirement!
What’s Included With Your Ultimate Income Subscription?
Here’s a detailed breakdown of everything you’ll get:
One Full Year of Access to Mike Burnick’s Ultimate Income Service
INCLUDING: Weekly Profit Cycle Trade Alerts – You can expect up to three trade recommendations each week targeting “Cash Flow Positive” opportunities. That works out to 156 (or more!) cash flow events each year.
Each alert will provide you with all the information you need to make the trade, including information about the vetted stock pick, its traditional dividend, holding time, and your guaranteed option income premium.
Your “EZ-Rapid Start” Options Masterclass
All Your Important Questions Answered Simply and Quickly!
Mike Burnick personally covers everything you need to know about options trading in his in-depth options masterclass. This course will walk you through enabling options on your brokerage account, making actual options trades, and will include a full walk through of the strategy – from start to finish.
And don’t worry, if you still need support, you can schedule a 30 minute one-on-one tutorial with a Profit Cycle Specialist. While they can’t give personalized investment advice, they are trained to help you get the most out of your subscription.
The Profit Cycle Playbook
Your Guide to Growing A Small Account To An Early Retirement 90% Faster.
If you’re looking to rapidly increase the size of your nest egg — this is the user’s manual you need! Growing your account quickly takes less time and less effort than you’ve been led to believe. Mike will show you the exact path you need to follow for the chance to accelerate your wealth generation by using the Profit Cycle and retire earlier than you ever thought possible.
Turn Dead 401(k) Stocks Into Covert Cash Machines
The powerful investing secret that shocks dead stocks back to life.
Turn virtually any stock you already own into a covert moneymaker — without selling stocks, loaning shares, or taking advantage of any complicated loopholes. Just one step switches on these covert moneymakers. Which means, you could start seeing hundreds or even thousands of extra dollars hit your retirement account right away.
U.S.-Based Customer Support
Mike Burnick’s professional team of experienced agents, based in Florida, can help you with any questions or concerns you may have about your membership. Simply call them any time Monday–Friday, 9 am–5 pm ET or email them 24/7.
Is There Any Guarantee or Refund Policy on place?
Mike Burnick’s Extreme Performance Guarantee
If you do not see the opportunity in the Ultimate Income model portfolio to make at least $2,000 over the next 12 months from closed Profit Cycle options trades, Mike Burnick will give you a second year of Ultimate Income on the house!
Just call his Customer Success team and they will extend your subscription for another 12 months at no charge.
90-Day Satisfaction Guarantee
In addition to this performance promise, you’ll also have a full 90 days to make sure Ultimate Income is a perfect fit. And though Mike and his team are fully confident that you’ll be 100% satisfied, if for any reason you aren’t, simply call in within 90 days and request a credit for the full amount of your purchase. This credit can be put towards any other TradeSmith service. There are no cash refunds for this offer.
Mike Burnick Ultimate Income Subscription Fee
You can get 1 Year of Mike Burnick Ultimate Income strategy for $1,999.
Mike Burnick Ultimate Income Review – Is It Worth It?
Mike Burnick Ultimate Income strategy has proven to be the best way to generate active income from the markets, bar none.
I see it as the perfect thing for someone who’s at or near retirement, but still has an itch for trading they need to scratch.
Mike’s income opportunities keep you engaged with the market – not to mention pay you for your time.
