$25M Plan Core Plans Income Book Crypto Convexity Recommendations Crash Liquidation Portfolio Plan_OLD

CORE ESSENTIALS · THE $4M, $8M AND $12M PLANS

The essentials only: where the money goes, what to buy, what it pays and what can go wrong. Same model and quotes as the $25M plan's Scaling section, where the method and every assumption live. Built 2026-09-26; re-price every leg live before buying. Read-only; nothing here places orders.
$4M PLAN
Income / month
$61,916
18.6%/yr on capital
Stress test
✓ $50,344 if Income Book earns 20% less
✓ $38,772 in a bad year
Worst case (options)
$2.18M
defined max loss, held as cash
A 2022-style year
-$1.18M
-29.6%, a paper loss: nothing is forced to sell
Buffer income, when needed
+$1,453 to +$3,282 / mo
calls on the ETF shares plus 1/3 to all of the upside fortresses; full buffer takes income to $65,198
Fight mode: +$7,772 to +$10,444 / mo
emergency lever: 0.30-delta calls on everything, 2-week to weekly
$8M PLAN
Income / month
$69,231
10.4%/yr on capital
Stress test
✓ $57,659 if Income Book earns 20% less
✓ $46,087 in a bad year
Worst case (options)
$3.43M
defined max loss, held as cash
A 2022-style year
-$2.71M
-33.9%, a paper loss: nothing is forced to sell
Buffer income, when needed
+$4,971 to +$10,445 / mo
calls on the ETF shares plus 1/3 to all of the upside fortresses; full buffer takes income to $79,676
Fight mode: +$26,574 to +$35,909 / mo
emergency lever: 0.30-delta calls on everything, 2-week to weekly
$12M PLAN
Income / month
$76,569
7.7%/yr on capital
Stress test
✓ $64,997 if Income Book earns 20% less
✓ $53,425 in a bad year
Worst case (options)
$4.64M
defined max loss, held as cash
A 2022-style year
-$4.24M
-35.3%, a paper loss: nothing is forced to sell
Buffer income, when needed
+$8,848 to +$17,114 / mo
calls on the ETF shares plus 1/3 to all of the upside fortresses; full buffer takes income to $93,683
Fight mode: +$43,441 to +$58,638 / mo
emergency lever: 0.30-delta calls on everything, 2-week to weekly
Income BookReal estate (REITs)Core ETFsUpside fortressesConvexity calls

WHERE THE MONEY GOES

Your income need ($30,000/mo floor, $50,000/mo ideal) is covered first by a $1.80M Income Book in every plan. Everything else is split in the $25M plan's proportions, so each step up just adds $4M to REITs, ETFs, growth and convexity. Below the base totals: buffer income, covered calls you can write when a month runs short, at your realized call rates (about a quarter of model premium after the keep rate, your realized ratio and skipping earnings months).
Sleeve$4M plan$8M plan$12M plan
CapitalIncome / moCapitalIncome / moCapitalIncome / mo
Income Book
Pays the bills: all-capped income fortresses
$1.80M 45%$57,861$1.80M 22%$57,861$1.80M 15%$57,861
Real estate (REITs)
Steady SGD income: 7 S-REITs + 1 global REIT ETF
$800k 20%$2,995$2.25M 28%$8,440$3.71M 31%$13,885
Core ETFs
Liquid core, shares only
$700k 18%$379$1.97M 25%$1,069$3.25M 27%$1,758
Upside fortresses
Uncapped growth, leveraged, defined risk
$500k 12%$682$1.41M 18%$1,862$2.32M 19%$3,066
Convexity calls
Crypto lottery ticket, calls only
$200k 5%$0$564k 7%$0$927k 8%$0
BASE TOTAL$4M$61,916$8M$69,231$12M$76,569
Buffer: ETF calls
every whole 100-share lot
+$942+$3,099+$5,167
Buffer: upside fortress calls
1/3 written · 1/2 written · all written
+$511
+$908
+$2,339		+$1,871
+$3,364
+$7,346		+$3,681
+$5,319
+$11,946
Income with the full buffer$65,198$79,676$93,683
Fight mode (emergency)
0.30 delta on everything · 2-week · weekly
+$7,772
+$10,444		+$26,574
+$35,909		+$43,441
+$58,638

WHAT TO BUY

Rounded down to whole contracts, SGX board lots of 100 and whole shares. Fortress counts are contracts of each name's full structure (strikes on the $25M page); convexity legs show strike, expiry and number of calls.
Sleeve$4M plan$8M plan$12M plan
Income BookXOM 43, HOOD 31, AMZN 22, SPCX 18, LMT 5, META 5, MU 3, LLY 3 contractsXOM 43, HOOD 31, AMZN 22, SPCX 18, LMT 5, META 5, MU 3, LLY 3 contractsXOM 43, HOOD 31, AMZN 22, SPCX 18, LMT 5, META 5, MU 3, LLY 3 contracts
Real estate (REITs)C38U 54,700, A17U 53,800, ME8U 54,900, J69U 49,800, AJBU 43,400, C2PU 23,000, HMN 97,900, HPRD 10,533 unitsC38U 154,300, A17U 151,600, ME8U 154,900, J69U 140,500, AJBU 122,300, C2PU 64,800, HMN 276,100, HPRD 29,684 unitsC38U 253,900, A17U 249,500, ME8U 254,800, J69U 231,200, AJBU 201,200, C2PU 106,600, HMN 454,200, HPRD 48,835 units
Core ETFsSPY 453, QQQ 187, GLD 355, IBIT 736, ETHA 1,721 sharesSPY 1,279, QQQ 529, GLD 1,002, IBIT 2,074, ETHA 4,851 sharesSPY 2,104, QQQ 871, GLD 1,649, IBIT 3,413, ETHA 7,981 shares
Upside fortressesGOOG 9, AMZN 10, META 2, AMD 1, DELL 1, PLTR 3 contracts (MU left out)GOOG 22, AMZN 24, META 5, MU 2, AMD 3, DELL 3, PLTR 9 contractsGOOG 36, AMZN 39, META 9, MU 3, AMD 5, DELL 5, PLTR 14 contracts
Convexity callsMARA 37C Jan-28 ×245, MARA 40C Jan-28 ×269, BMNR 95C Jan-28 ×274, MSTR 500C Jan-28 ×11, MSTR 700C Jan-28 ×17, ASST 40C Jan-29 ×12MARA 37C Jan-28 ×690, MARA 40C Jan-28 ×760, BMNR 95C Jan-28 ×774, MSTR 500C Jan-28 ×31, MSTR 700C Jan-28 ×50, ASST 40C Jan-29 ×35MARA 37C Jan-28 ×1,136, MARA 40C Jan-28 ×1,250, BMNR 95C Jan-28 ×1,273, MSTR 500C Jan-28 ×51, MSTR 700C Jan-28 ×83, ASST 40C Jan-29 ×58
Buffer calls
only when needed, ~1 month out
ETFs: SPY 794C, QQQ 785C, GLD 415C, IBIT 53C, ETHA 23.5C (lots: SPY 4, QQQ 1, GLD 3, IBIT 7, ETHA 17)
Fortresses (all written): GOOG 380C ×9, AMZN 280C ×10, META 870C ×2, AMD 725C ×1, DELL 660C ×1, PLTR 215C ×3		ETFs: SPY 794C, QQQ 785C, GLD 415C, IBIT 53C, ETHA 23.5C (lots: SPY 12, QQQ 5, GLD 10, IBIT 20, ETHA 48)
Fortresses (all written): GOOG 380C ×22, AMZN 280C ×24, META 870C ×5, MU 1280C ×2, AMD 725C ×3, DELL 660C ×3, PLTR 215C ×9		ETFs: SPY 794C, QQQ 785C, GLD 415C, IBIT 53C, ETHA 23.5C (lots: SPY 21, QQQ 8, GLD 16, IBIT 34, ETHA 79)
Fortresses (all written): GOOG 380C ×36, AMZN 280C ×39, META 870C ×9, MU 1280C ×3, AMD 725C ×5, DELL 660C ×5, PLTR 215C ×14

THE NEXT 12 MONTHS

Rough whole-portfolio P&L, income included. Bad year = a 2022 replay (stocks down a quarter to a third, crypto down three quarters); strong year = a broad rally with crypto tripling.
Next 12 months, income included$4M plan$8M plan$12M plan
Bad year (2022-style)-$1.18M -29.6%-$2.71M -33.9%-$4.24M -35.3%
Base year+$958k +24.0%+$950k +11.9%+$939k +7.8%
Strong year+$2.41M +60.2%+$5.05M +63.1%+$7.69M +64.0%

THE RULES THAT KEEP IT SAFE

  • Income first, then growth. The Income Book stays at $1.80M as the portfolio grows; new money goes to the other four sleeves in proportion.
  • Every option book is funded to its full max loss in cash (Income Book and upside fortresses), so no market move can force a liquidation. Keep the hedge puts rolled; never let them lapse.
  • Convexity is calls only. The premium is the whole risk; no short puts.
  • No margin anywhere. REITs and ETFs are bought outright and never used as collateral for the option books.
  • Buffer calls only when needed, about a month out at delta 0.20 or less; on a fortress always at or above its CC-SS (assignment never locks a loss) and never across earnings. Fight mode (0.30 delta, 2-week or weekly) is the emergency lever for a lean month or two, then stand down. Each call caps that holding's upside while it is open.
  • Review after every results season: REITs against gearing (42%), interest cover (3x) and payout; rebalance once a year.