 Many of us want to retire as millionaires, so we don't have to worry about money and still live a comfortable retirement life. The question is how to amass $1 million or more by retirement? If you watched my previous video, you will know that I'm a big fan of index investing, especially if you know how to combine with the power of options. But you might be thinking, is it really sufficient to help you to retire with million? The answer is yes. An index fund such as the one that tracks the S&P 500 can be all you need in order to retire as a millionaire. And the beautiful thing is, you don't even need a lot of money to get started with. All you need is to begin with $5,000. If you want to learn how to grow your initial $5,000 into a million dollar portfolio, then keep on watching. This is Chloe and welcome back to my channel. The only one place for you to learn about stocks, investing, SOS options. If it's the first time of you coming to my channel, remember to hit the notification bell as well as the subscribe button so that you will not miss out any of my future investment updates. An early thumbs up is also appreciated because it will tell you to algorithm that you find this video helpful and it will help to push out to more people to inspire them to start investing safely. A lot of us want to retire as millionaire and think about it, going from 0 to 1 million dollar is just a matter of maths. The legendary investor Warren Buffett once said, if you like to spend 6 to 8 hours per week working on investments, do it. If you don't, then dollar costs average into index fund. The reason why Warren Buffett said so is because individual companies can rise and fall. If you don't pick them properly, your portfolio could suffer. However, if you buy index funds that tracks S&P 500, it's as safe you are buying the largest 500 companies listed in the US so your risk is greatly reduced. And historically for the past 50 years, S&P 500 has generated investor and annualized return of 10% per year. So if you adopt the 10% growth rate and compound your $5,000 from now on, and every single year if you continue to fund an additional $5,000 into your portfolio, you will have your $1 million in about 30 years. That's not too bad, isn't it? Of course, we are not saying that the market will definitely grow 10% per year for the next 30 years. But the key is to keep going in your investment journey and make sure that you continue to dollar cost average into the S&P 500 regardless of the market condition. Because this method is time proven and historical return is way higher than most of the professional fund managers out there. And of course, if you know how to combine with the powerful options, you can potentially make even more return. In my previous video, I shared with you how to make an additional $600 with one option trade while promising to buy 100 shares of S&P 500. But in order to execute that trade, you need about $40,000. And right after some of you asked me, what if I do not have so much money? What if I only have $5,000 to begin with? Is it possible for me to use options as well? The answer is yes. That's why right now I'm going to introduce you another index fund which tracks 300 companies from the well-known S&P 500 based on three growth factors. Sales growth, ratio of earnings change to price and momentum. And the company inside this index must report positive earnings in the most recent quarters. Which means the companies inside this index must be profitable. So as you can see, it has more stringent criteria than S&P 500 and this index is none other than SPYG which focuses a lot more on growth. And for the past 10 years, the historical return for SPYG is more than 13% which is higher than that of the S&P 500. So how do you do dollar-cost average on SPYG? You can simply choose to buy the stocks outright or you can choose to do sell-put options to promise to buy 100 shares of SPYG. For example, if you find that SPYG at $50 a share is the price that you want to own 100 shares, you can actually choose to sell a put option at strike price $50. And in return of you promising, you will get to collect some passive income in terms of premium. Later on, I'm going to log into the Moomoo platform to show you step by step how you can execute this option trade as well. Before that, I would like to give a special thanks to Moomoo SG for sponsoring this video. Right now, Moomoo is even offering three months free in-depth options data to my followers. It also comes with one free option kit which includes one month free options commission, options learning courses and options paper trading for you to get started. On top of that, you will enjoy US stock lifetime free commission. All you need to do is to open your account via my link below to get all these free option bonuses and a free share including Apple. With that, let's get back to the video. After you log into Moomoo platform, key in the ticker simple SPYG. Select options and choose the expiration date that you want to promise. For myself, I will choose one month options. Afterwards, select the strike price at $50 and click the trade button. Select the quantity into one and in return, you will see that you will get to collect $110 worth of premium. So you must be wondering how much capital do you need to execute this option trade because you are promising to buy 100 shares of SPYG at $50 each. The capital that you need is $50 times 100 shares that is $5,000 US. And by generating $110 worth of premium, your ROI is more than 2.2% in one month. So what's the risk of this trade? After you executed this option trade, there are only two scenarios that can happen. Scenario one, after one month, if the stock price of SPYG stays above $50, for example, $55, then you won't be able to buy the shares at $50 because nobody is going to sell you that chip. But you already collected $110 of passive income upfront. So that is free money for you. Now let's look at scenario number two. In this scenario, the stock price of SPYG dropped from $50 to $45 after one month. Since you have made the promise to buy 100 shares at $50, and right now the stock price is $45, you will need to fulfill the promise and buy it at the original $50 a share. That is why you will use $5,000 right now to exchange for 100 shares of SPYG. Should scenario two happen, do you have to feel very sad? Because right now it seems that your portfolio is suffering a loss. But remember, investing in an index fund like SPYG is about dollar-cost averaging. In the short term, nobody can predict the stock price. However, in the long run, the market will always rebound and grow even higher because the businesses trapped by the index become more profitable as the population as well as the economy continue to grow. So if you manage to get 100 shares of SPYG through the sell-put option, you should be happy and let time do its magic. The next thing that you can do is to rinse and repeat this strategy every single year. However, there's one downside to this strategy. As the stock price of SPYG continues to grow, you will need more and more capital to execute this option trade. So if you want to keep it simple, you can just set aside $5,000 each year and buy the shares instead. And over a period of time, that's how you are going to have your million-dollar portfolio. This is one of the option strategies that you can consider using for your portfolio. And if you want to learn more about different option strategies, do join us in our upcoming 3-2-hour Options Masterclass to get started. All you have to do is to click on the link below and sign up for your free spot. If you find this video helpful, remember to check out some of the videos right here to continue your learning journey. And make sure to follow my Telegram channel to get more investment updates. With that, I wish you a prosperous 2023 and a wonderful new year ahead. See you in the next video.