Investing General Discussion

Rangoth

Rangoth

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There are some and all are up about 50% YTD.

market is up quite a bit also, but I guess stuff like this shows that “to beat the market” you don’t need to be a badass day trader, but just notice macro trends and adjust allocations maybe 3-5 times a year.
 
Rangoth

Rangoth

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her numbers seem quite aggressive but earning 1500 a week via CC isn’t really that challenging. one could ”easily” do that with sub 200k

i mean, you could daily wheel the SPY with CC/CSP for 500+ a day with 200k(400ish shares). I support her vision, it’s better than people door dashing daily. Plus as long as she does CC on a decent ticker above her cost basis she won’t ever lose, maybe not hit her replacement in 1 year, but at least not lose. I bet she could earn 1.5k a week via that strategy in 2-3 years if she adds funds to the account
 
Khane

Khane

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Rangoth said:
her numbers seem quite aggressive but earning 1500 a week via CC isn’t really that challenging. one could ”easily” do that with sub 200k

i mean, you could daily wheel the SPY with CC/CSP for 500+ a day with 200k(400ish shares). I support her vision, it’s better than people door dashing daily. Plus as long as she does CC on a decent ticker above her cost basis she won’t ever lose, maybe not hit her replacement in 1 year, but at least not lose. I bet she could earn 1.5k a week via that strategy in 2-3 years if she adds funds to the account
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She's talking about replacing her income, immediately, with the initial investment of one week of her paid maternity leave. And your takeaway is "pfft thats easy as long as you already have a fairly significant portfolio and you bet all of it weekly!"

?????
 
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Cad

Sheriff Cad

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Khane said:
She's talking about replacing her income, immediately, with the initial investment of one week of her paid maternity leave. And your takeaway is "pfft thats easy as long as you already have a fairly significant portfolio and you bet all of it weekly!"

?????
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$1500/wk is $78k/yr, with $200k thats "only" a 39% return. And that "isn't that challenging."

Anybody who says that kind of shit should be a billionaire. If you're not, you're full of shit.
 
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TJT

TJT

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I am here to witness her glorious ride to Valhalla.

Thankfully she also notes a conservative worst case scenario of 5% weekly gains.
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This is gunna be good.
 
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Khane

Khane

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It's probably a bait video similar to the bait cooking videos people make where they purposely fuck up recipes and use disgusting ingredients and pretend they are being serious for views.

The difference is those people are only baiting people into a bad meal (if they are clueless enough), this kinda shit is a lot more sinister.
 
Sanrith Descartes

Sanrith Descartes

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Cad said:
$1500/wk is $78k/yr, with $200k thats "only" a 39% return. And that "isn't that challenging."

Anybody who says that kind of shit should be a billionaire. If you're not, you're full of shit.
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Remember. Making 1% return a day is easy.
 
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Foler

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Gravel said:
Just buy winners. That's what Brosar used to say.
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IMG_6077_SnapseedCopy.jpeg
 
Fucker

Fucker

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Khane said:
It's probably a bait video similar to the bait cooking videos people make where they purposely fuck up recipes and use disgusting ingredients and pretend they are being serious for views.

The difference is those people are only baiting people into a bad meal (if they are clueless enough), this kinda shit is a lot more sinister.
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Meh. A lot of people believe in the same shit she does.
 
Flobee

Flobee

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Fucker said:
Meh. A lot of people believe in the same shit she does.
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Seems familiar
Weimar speculation refers to the widespread practice of individuals and businesses speculating on financial assets, primarily stocks and real estate, during the Weimar Republic's hyperinflation (1921–1923) as a way to preserve wealth or profit from the plummeting value of the German mark
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Rangoth

Rangoth

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Ok, I spoke on memory without research, but I did just check. It Will take her forever since she’s starting with a low amount, but you can sell an ATM SPY call for Monday @0.60 or 60$. 4 of those brings 240/day or about 1k a week. Figure you only get that 50% of the time as you wheel so yea, I was wrong but you should be able to make 30k/year With some luck.
 
Sanrith Descartes

Sanrith Descartes

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Rangoth said:
Ok, I spoke on memory without research, but I did just check. It Will take her forever since she’s starting with a low amount, but you can sell an ATM SPY call for Monday @0.60 or 60$. 4 of those brings 240/day or about 1k a week. Figure you only get that 50% of the time as you wheel so yea, I was wrong but you should be able to make 30k/year With some luck.
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Selling calls on SPY (4 of them) would require $268,000 in capital unless you are trying to write those on margin. Seems like that part got left out.

Call me crazy but tying up a quarter million in capital to possibly make $240 a day seems... not worth it.
 
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Rangoth

Rangoth

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Agreed, but it’s low risk and something she could potentially get to? Especially putting a bit in each paycheck starting at 20 something years old
 
Gravel

Gravel

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Sanrith Descartes said:
Selling calls on SPY (4 of them) would require $268,000 in capital unless you are trying to write those on margin. Seems like that part got left out.

Call me crazy but tying up a quarter million in capital to possibly make $240 a day seems... not worth it.
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This is why she needs to tap into her home equity and take out as many loans as possible. She can't lose making 5% weekly.

I don't know why everyone doesn't do this.
 
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Furry

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Gravel said:
This is why she needs to tap into her home equity and take out as many loans as possible. She can't lose making 5% weekly.

I don't know why everyone doesn't do this.
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Don’t forget leverage. Multiply your gains for free.
 
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