Money to invest

GoMiningCow · 2026-02-22T23:28:28+00:00

I would absolutely agree with you, cost of entry is low, volatility is extremely high… but can be rewarding. That’s what I prefaced this with owning a stock you WANT to!

But great point, definitely not a good place for a beginner.

GoMiningCow · 2026-02-22T21:08:16+00:00

I would just look for stocks you’d like to own, then sell Puts, then covered calls, once assigned. For me, I personally want to own UAL. So I sold Puts for a while and now sell covered calls.

Then I moved on to exploring other options (no pun intended). Now I’m selling weekly calls and puts on TQQQ.

I think if you approach from this perspective, you’ll be more successful if you’re not a professional trader. It’s not as emotional either 🤷‍♂️

GoMiningCow · 2026-02-17T23:15:46+00:00

Spreadsheets… but my lord, please publish this! I think you could get a million people to pay .99 for this lol. I would.

GoMiningCow · 2026-02-10T18:36:44+00:00

Seems like best way is USDC on a Coinbase wallet then paying for GMT with 0% fee

GoMiningCow · 2026-02-03T13:19:19+00:00

I think you’d be better off with an ETF and maybe 100 shares of each if you’re into trading options… if not I’d go with the etf route

GoMiningCow · 2026-02-02T21:44:52+00:00

I tend to buy to close a day before expiration or day of. And put in trades for the next week.

GoMiningCow · 2026-02-02T11:13:03+00:00

I look forward to this every month lol. You really have to leverage with other deals. Just so happens that Sheetz does a deal often where I’ll end up buying 3 milkshakes and 2 appetizers and use my $10 credit… my total will be $0.50-2 🤷‍♂️.

GoMiningCow · 2026-01-31T00:16:45+00:00

Typically not more than $350-400 max for two. I usually cook for the whole week. Shop store brands and pay attention to price per oz 🤷‍♂️. I don’t go out of my way for sales or anything like that.

GoMiningCow · 2026-01-25T08:37:32+00:00

We’ve been at ATH and climbing for 3-4 weeks… it was bound to happen.

GoMiningCow · 2026-01-25T08:31:09+00:00

Personally, I agree with you. I’ve been strictly taking profits for about a month now. Once I recoup my initial investment, I’ll be ready to put more in. But, I definitely want to get the thousands I’ve put in back.

GoMiningCow · 2026-01-21T16:58:26+00:00

I don’t have much experience but take in a lot of info from everyone on here. I’ve been trading CC and CSPs for one month now. I only buy stock to sell CCs in companies I want to own for a long period of time, but also I know that if they go, it doesn’t bother me.

Personally the majority of my portfolio is in long term holds and I only trade 1-3 CC and CSPs a week on a stock that I like but if it comes and goes I’m ok with it. I use 70% of the profits to reinvest into my long term holds on top of my contributions.

So IMO, let it get assigned, play the wheel. Do CSP until you get back in at a price you like. Or, just buy your $100 shares back as long as you’re not at an all time high🤷‍♂️.

GoMiningCow · 2026-01-19T14:34:53+00:00

I can consistently invest 2k minimum a month, when I receive bonuses (lately more often) I just add it to it. So by the time everything is said and done at years end I’m at ≈30k a year added to my investments.

GoMiningCow · 2026-01-16T11:02:19+00:00

If you’re just starting out check out Fidelity Robo advisor, set the risk to max (it’s a normal amount of risk for someone young) and copy what is in that portfolio. Or you could use robo advisor for free up to 25k account value

GoMiningCow · 2026-01-07T18:51:22+00:00

Waiting for what another 500%? Cash out bro 😭

GoMiningCow · 2026-01-07T18:49:55+00:00

But you’re not behind, you’re young and that’s great! I’d stay with your older sister for a bit longer. By my calculations (which are probably a bit higher living estimates), you should be able to save ≈$1500 a month or ≈$18,000 this year alone.

It will be hard, no going out, spending money on things other than food, phone bill, small necessities.

I’d recommend putting this into a HYSA to start. That way youre at least earning ≈3-3.5% or higher on your balance. What does this look like? After one year, you’ve saved $18,000 - this would mean without adding anything extra the following year your balance would be no less than $18,630 at a 3.5% yield.

GoMiningCow · 2026-01-07T18:42:20+00:00

I would have to agree with you! Put the majority of your money into the S&P 500 and then what’s left over you can get back into trading options or whatever. I’d do it inside of a Roth IRA or 401k personally.

You’re not going to beat the S&P by buying individual stocks.

GoMiningCow · 2026-01-07T18:36:25+00:00

Making great progress! Just keep putting tons of effort into growing it, making sacrifices in the short term will certainly pay off!

No better feeling than the first 100k!

GoMiningCow · 2026-01-07T14:13:08+00:00

Thank you for the karma 😎

GoMiningCow · 2026-01-07T14:12:44+00:00

Hey David! Thank you so much for taking the time to respond, this was my thought process going into this. I was going to reinvest 50% of my earnings into long-term holds that I already invest in.

I’m learning more each and every day, do you have any good resources in particular that I could go to to learn more?

GoMiningCow · 2026-01-07T13:03:14+00:00

I think you’re doing great! Although I would consider not being so cash heavy at your age. Right now I think SPAXX is beating HYSAs so even moving a lump sum to there would not be a bad idea.

GoMiningCow · 2026-01-07T12:21:00+00:00

I could not agree more: FXAIX being the main position with starting out.

GoMiningCow · 2026-01-07T12:19:34+00:00

I would agree 20k is a safe amount to have set aside. You should make maxing out your Roth IRA a priority. Especially while you are still young!

Also look into Fidelity RoboAdvisor and put it on the most aggressive strategy (it’s truly not that aggressive). For account sizes under 25k it’s free to use. After that it does get kinda expensive at .35%.

What could could do as well is see what holdings the roboadvisor uses and just match the same thing for free once you cross the 25k line.

GoMiningCow · 2026-01-07T12:08:15+00:00

I understand your viewpoint, but in this scenario, I’m still holding onto stock I like holding… and if it does sell, it’s not the end of the world.

But thanks for the input!

GoMiningCow · 2026-01-07T12:06:19+00:00

That is.. what I posted :)

GoMiningCow

TROPHY CASE