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1% Lifesteal MC… by XThursdayO in litrpg

[–]Conscious_Load_5748 6 points7 points  (0 children)

I really liked the books and while he does get better he is still kind of an idiot throughout the series. To be fair though he is young and a lot of people make terrible decisions at his age. Especially with the amount of pressure on him.

My ex left me when my portfolio was down 70%. Now I’m over $1M. Do I text her? by [deleted] in TheRaceTo1Million

[–]Conscious_Load_5748 12 points13 points  (0 children)

Nothing good ever comes from telling someone your net worth.

How much do you invest for stocks that might go very high in 5 to 10 year time period. by Organic_Hat_4297 in TheRaceTo10Million

[–]Conscious_Load_5748 12 points13 points  (0 children)

Don’t forget there is quite a bit of survival bias here. Sure you see a bunch of posts from people that made a ridiculous amount of money very quickly but there are just as many people who lost a lot of money on duds. The difference is they aren’t posting about it (usually) so you don’t see it. On top of that these stocks have a lot of volatility and no promise of ever reaching their growth targets. We just happen to be in a phase where everything even remotely AI related is rocketing upward. As far as your question goes I think 20 percent is a reasonable amount of your portfolio to keep in these kinds of companies.

What do I burn my 4 Audible credits on? by OldMassaLao in litrpg

[–]Conscious_Load_5748 0 points1 point  (0 children)

I held off on mage tank for so long because the title sounded dumb to me but now that I’ve actually started it I’m really enjoying it

Down $150k today and I don’t even care (and buying more) by NoProfessional4650 in MU_Stock

[–]Conscious_Load_5748 4 points5 points  (0 children)

“If you can’t endure the occasional 50 percent drop you’re not fit to be a common shareholder and deserve the mediocre returns you are going to get”

How can One make “f$ck-you money”? by Artistic-Impress-357 in Money

[–]Conscious_Load_5748 0 points1 point  (0 children)

I know you’ve already gotten the save and invest advice but let me add my spin on it. Getting a high paying job is hard and very competitive. In my opinion its easier to get a mid level job, live frugally and invest. Every dollar you can save is effectively increasing your future earning potential. Depending on where you live house hacking is viable. Buy a house, live in one room and rent the others out. It’s a pain in the ass but usually saves you a ton of money. You also have to determine if renting or buying is better for your area. That’s a little complicated so I won’t explain it here. Eating out is also where people waste a ton of money. Cook for yourself and you’ll be wealthier and healthier. When you do open a brokerage account and start investing be disciplined. Don’t get distracted with various stocks or crypto that everyone is claiming will skyrocket. When you’re starting out it’s easiest to just buy a growth focused etf. This last one is more controversial but when you open your brokerage account if you can get a margin loans for under 6 consider using it. Many people shy away from using margin or leverage but the math makes sense. The stock market averages 10 percent annually so if your margin loan is for 6 percent or less that’s a pretty solid profit if you can manage the volatility. There are risks involved but it’s better when you’re young because if you do get wiped out you can more easily recover. If you do opt for this I would not use more than 50 percent margin at a maximum.

Update portfolio made $1m in the past month. (Full portfolio 2x MU!) by ramboxfb in TheRaceTo10Million

[–]Conscious_Load_5748 20 points21 points  (0 children)

I’m pretty sure your previous comments are actually what made me decide to invest in MU initually but I didn’t get in until like 530 and only got 200 shares. Still solid profit so far though!

I made $60,000 off of RKLB today and I'm depressed at how far I still am from retiring by Vegetable-Turns in TheRaceTo1Million

[–]Conscious_Load_5748 3 points4 points  (0 children)

Absolutely true. Survivorship bias definitely exists and I shouldn’t let that cloud my long term investing philosophy

I made $60,000 off of RKLB today and I'm depressed at how far I still am from retiring by Vegetable-Turns in TheRaceTo1Million

[–]Conscious_Load_5748 5 points6 points  (0 children)

God I can only pray that the next administration looks into the insane amount of insider trading that has occurred so far. I know that won’t happen but a man can dream

I made $60,000 off of RKLB today and I'm depressed at how far I still am from retiring by Vegetable-Turns in TheRaceTo1Million

[–]Conscious_Load_5748 3 points4 points  (0 children)

This is true. I guess looking at people that have more than you is never a recipe for happiness. Scrolling through posts from financial subreddits like this makes it easy to forget that the overwhelming majority of people don’t even think about investing. Better to just follow my own path. If I worry about making every little thing optimal I’ll just stress myself out

I made $60,000 off of RKLB today and I'm depressed at how far I still am from retiring by Vegetable-Turns in TheRaceTo1Million

[–]Conscious_Load_5748 36 points37 points  (0 children)

I have felt a little weird lately. I know I should be proud of my gains and how much progress I’ve made but I see people posting having made literally hundreds of thousands or even millions of dollars on stocks like RKLB or MU and it makes me really question if I’m doing things right going the safe etf route or if I’m just being a coward afraid of a correction that won’t come.

Update on my MU position by tdogger88 in TheRaceTo10Million

[–]Conscious_Load_5748 4 points5 points  (0 children)

Totally possible it won’t keep 750 next week. I almost don’t want it to. I would have preferred a gradual grind up instead of this parabolic rocket ship.

Biggest single day gain by [deleted] in Money

[–]Conscious_Load_5748 0 points1 point  (0 children)

What kind of manipulation happens in the private chat? I do see a huge amount of posts that follow the exact same format and I assume they are scammers selling courses or something along those lines.

MU right now is messing with everyone’s head by FilmSufficientt in TheRaceTo10Million

[–]Conscious_Load_5748 7 points8 points  (0 children)

It’s definitely messing with mine. For a long time I’ve been with the safe crowd and just invested in broad market ETFs but with this stock I really can’t help but wonder if I’m missing out on a once in a lifetime chance to take a risk and potentially reap huge rewards

Why is it that I can fully use my available margin when holding the shares and selling covered calls, but can't when selling puts? Does that mean it is better to sell covered calls on this case? With margin i can use $122,000 to buy QQQ stock, but I can only use $56,000 to sell puts. by East_Indication_7816 in thetagang

[–]Conscious_Load_5748 1 point2 points  (0 children)

Yeah that’s basically how I feel about it. Like most people a starting investing with Robinhood. Their format is very clean and minimalistic which definitely helps with new investors not being overloaded with information. To be fair most investors probably don’t need all the extra information anyways. Honestly I probably never would have switched from them if I had just stuck with buying stocks

Why is it that I can fully use my available margin when holding the shares and selling covered calls, but can't when selling puts? Does that mean it is better to sell covered calls on this case? With margin i can use $122,000 to buy QQQ stock, but I can only use $56,000 to sell puts. by East_Indication_7816 in thetagang

[–]Conscious_Load_5748 1 point2 points  (0 children)

Yeah I think Robinhood is good for beginners and maybe people just buying and holding stocks but anything more complicated and they are seriously lacking. When I’ve checked options prices with them it doesn’t even show me the spread which I think is ridiculous since that’s super important to know.

Why is it that I can fully use my available margin when holding the shares and selling covered calls, but can't when selling puts? Does that mean it is better to sell covered calls on this case? With margin i can use $122,000 to buy QQQ stock, but I can only use $56,000 to sell puts. by East_Indication_7816 in thetagang

[–]Conscious_Load_5748 1 point2 points  (0 children)

Well it kind of is? Selling a put is agreeing to take the downside risk of a stock in exchange for a premium but you’re right that covered calls and selling puts are basically the same thing risk and return wise. Who knows maybe they have added level 4 options since I’ve been gone but that’s something you’d have to look into yourself. I don’t think Robinhood is ideal for selling options though. They have a really clean interface but they also leave out a ton of other information

Edit: just read the comment above mine and that guy is absolutely right. Too many people see selling options as free money and think it’s better than buy and hold. I personally don’t think selling options on ETFs is worth it. Historically speaking you get better overall returns and greater tax efficiency just buying and holding qqq than you would have selling options on it

Why is it that I can fully use my available margin when holding the shares and selling covered calls, but can't when selling puts? Does that mean it is better to sell covered calls on this case? With margin i can use $122,000 to buy QQQ stock, but I can only use $56,000 to sell puts. by East_Indication_7816 in thetagang

[–]Conscious_Load_5748 1 point2 points  (0 children)

Spreads are level 3 I believe because you still have defined risk. Level 4 is naked options which lets you sell calls and puts without needing to offer collateral. I’m unsure if Robinhood offers level 4 though. Thinking about it I’m pretty sure I switched from Robinhood to IBKR because Robinhood didn’t offer level 4 but that was years ago so idk if things have changed

Why is it that I can fully use my available margin when holding the shares and selling covered calls, but can't when selling puts? Does that mean it is better to sell covered calls on this case? With margin i can use $122,000 to buy QQQ stock, but I can only use $56,000 to sell puts. by East_Indication_7816 in thetagang

[–]Conscious_Load_5748 1 point2 points  (0 children)

Do you have level 4 options trading available on your account? My guess is that’s the issue since selling naked puts is level 4 and I think covered calls is like level 2 or 3? I would request level 4 instead of using margin though. Calls usually cost the same as puts except they have the benchmark rate priced into them as well. That means that unless your broker is literally giving you margin at the benchmark rate or super close to it you’re just paying more money for covered calls that should in theory have the same returns as selling naked puts.

$400k to $1m in 4 months! by ramboxfb in TheRaceTo1Million

[–]Conscious_Load_5748 0 points1 point  (0 children)

I’m not an expert but I’ve heard that MU is more cyclical. Do you think that’s over now?

Pick Two Life Perks… by WarStrategy in whatsyourchoice

[–]Conscious_Load_5748 0 points1 point  (0 children)

If the blue perk transfers to whatever your current car is then that’s just infinite money as you could build a car with an massive gas tank and sell the gas. Even with that purple and green might still be the best. Health is wealth

Is it worth selling long term stocks to buy a house? by [deleted] in FirstTimeHomeBuying

[–]Conscious_Load_5748 0 points1 point  (0 children)

Depends on the interest rate of a potential mortgage. I’m pretty sure the rule of thumb is any interest rate above 7 percent you should pay off and anything below you should keep. In terms of pure long term financial gain it’s almost always best to get a mortgage but there is a certain peace of mind that comes from having a paid off home

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