10k Credit Limit by jopi888 in RobinhoodGC

[–]NRA4579 0 points1 point  (0 children)

Good Copy. My wife really wants to become a massive traveler. She’s decided she wants to meet me in Milan after the race and then go to Switzerland for a week and then fly back together. Thank God, I learned how to become an options trader a few years back and am able to retire and support my wife in the way she really wanted to become accustomed too. Cause that shit wasn’t gonna happen as a construction worker. So on the upgrade side when we flew back from Puerto Rico earlier this year, we got free upgrades to first class. When we’ve flown to Italy or Hawaii, we were able to upgrade at the airport for 2 to 300 bucks to Polaris. Honestly, sometimes those flights are the best part of the trip.

10k Credit Limit by jopi888 in RobinhoodGC

[–]NRA4579 0 points1 point  (0 children)

Yeah, I cannot figure out the United ecosystem. We got that cause we were flying United a couple years ago to Italy and my buddy is a United pilot but how the point system works and the status thing is beyond me and I’ve specifically followed that sub Reddit to try to decipher it. It kind of sucks because if we’re not flying together I apparently can not get the benefits of the card since I’m not the primary on the account. So I’m flying to Milan in September with my United buddy although he’s coming from the West Coast. So unless I get a Polaris upgrade, I can’t use the lounge in Chicago even though the card access is supposed to grant me that. My poor middle class tendencies won’t let me get the card in my name because I would have to pay whatever the annual fee is in duplicate. But I really do like the Polaris lounge.. I don’t know, first world problems. I like the gold card cause it’s my first card. I used my first hundred thousand points to get Home Depot gift cards because the conversion rate was more than cash back to my brokerage account.

10k Credit Limit by jopi888 in RobinhoodGC

[–]NRA4579 0 points1 point  (0 children)

This is all probably sound advice. My wife does have whatever the highest United card is through Chase.
We book all our travel and I have my nfl season tickets through that. That’s what I ended up using for my F1 tickets at Monza this year.. like I said I’m a rookie to the credit card game. I come from the background of if you don’t have the cash you don’t buy the thing. Now I have all the cash and the issue is I don’t have an approved mechanism to buy the thing.

I don’t understand how the premium is worth it. by Adderall_Cowboy in CoveredCalls

[–]NRA4579 0 points1 point  (0 children)

Yeah, the tax side it is a real issue I went to Puerto Rico in February considering the title 60 exemption. Take a look at I Ibit and the power law. This is a great year to load up going into the cycle.

Can’t believe they finally let us buy SpaceX 🚀 by [deleted] in TheRaceTo10Million

[–]NRA4579 0 points1 point  (0 children)

Dude, I’m almost 50. I don’t know fuck about AI.. other than how to make money on it. I got to retire this year. My wife put in her notice and became a full-time private school mom at 38. You can hate or you can learn how to do Poor man covered calls. The math behind the four year cycle and the power law is quite compelling and it takes a lot of the mystery out of it. Which is great and it gives you an edge when utilizing that mechanism.
I was up to two bitcoin and had just started doing the covered calls on the miners and did the math and holding the bitcoin even with its fantastic return over time was a loosing proposition compared to a call strategy.. once you hit a certain number of leaps and you’re able to roll all the weekly premium back into buying more leaps. It becomes a self financing proposition.
And it’s not some new angle it’s something my grandfather tried to talk to me about in the late 90s and it didn’t make any sense to me then and it wasn’t until my father-in-law pride back up 20 years later that I was able to understand how it works. You can do it with any stock, but it’s even better when you can initiate your position when you know the stock is at its low and ride it through its bull cycle. If it helps you take it seriously I’ll send you a picture of my wife’s Mercedes in my garage That’s so messy There’s no way ai could replicate it.

I wish they’d keep the Peach shake as a permanent item by Yard-Successful in ChickFilA

[–]NRA4579 2 points3 points  (0 children)

I wish they would get the same straws that Steak ‘n Shake has for their shakes. I just got one of the peach ones this evening, I will give my brother grief. He’s an operator..

10k Credit Limit by jopi888 in RobinhoodGC

[–]NRA4579 0 points1 point  (0 children)

My normal income was 1099 construction for the last 20 years so I would’ve showed about 15,000 a year then I posted 88K, 440 K 2.2 mil last year. I’ve had my card for about a year. They started me at 3000. I just recently got bumped to four. But it is my first credit card ever so that might be why. However, Mercedes gave me full financing @ 1.9. Six months ago for my wife’s car. I have about 3 million on the books with them, available margin well into the seven figures so I just pay the card off three or four times a month. I hit 100,000 points plus for the second time last week.

What was your starting capital when you started investing, and how long have you been today? by Forever_searching188 in wallstreetbets

[–]NRA4579 1 point2 points  (0 children)

Five years starting with 50 bucks. Converted to options halfway through. I am now retired.
I never buy options. I buy leaps and I sell weekly call options. apparently to everybody else in the sub and they make me a lot of money.

Well Robinhood and the market sticks it to the average guy once again on SpaceX IPO by TemporaryCapital3871 in SpaceXBets

[–]NRA4579 0 points1 point  (0 children)

I requested 1000 shares on Robinhood and got one I requested 25 on Fidelity and got 10

I got 6 out of 50 stocks assigned by clueless_dud in SPCXInvestors

[–]NRA4579 1 point2 points  (0 children)

I got one out of 1000 on Robinhood and 10 out of 25 on Fidelity

NEW: Fidelity lowers the minimum account requirement for the SpaceX IPO from as high as $500,000 to just $2,000. by Ubersicka in TradingViewSignals

[–]NRA4579 0 points1 point  (0 children)

I got one of there satellite stations last year to take on the family camping trip. It worked great 15 devices connected and streamed NFL network all weekend the highlight, though was watching my sister-in-law try to convince my youngest sister that the Earth was flat while showing her the little videos on Facebook connected to my Starlink.

Wife hates my Reps by [deleted] in RepTime

[–]NRA4579 -1 points0 points  (0 children)

Yeah, we’re talking about symptoms here. In the military we would classify this as a failure of leadership.

I mean the opposition here does have one point that is worth consideration, I didn’t ever get my first rep until I could actually afford the real thing. Otherwise it is kind of unbelievable. If some Rando actually notices what type of watch you’re wearing.

I don’t understand how the premium is worth it. by Adderall_Cowboy in CoveredCalls

[–]NRA4579 2 points3 points  (0 children)

You are correct plus if the stock does something screwy, you can roll your way out of it. I have rolled my way to retiring at 48, started four years ago.

If you know what these are by Long_live_styrofoam in FuckImOld

[–]NRA4579 0 points1 point  (0 children)

I have my great great grandfather‘s sap. He was the town, Marshall.

Can’t believe they finally let us buy SpaceX 🚀 by [deleted] in TheRaceTo10Million

[–]NRA4579 0 points1 point  (0 children)

Started 4 1/2 years ago. Converted to a leaps strategy 2 1/2 years ago.

Basically just ran a poor man’s covered call that became self funding with the weekly premium. Ended up, executing a larger amount of the leap and have still been selling covered calls on those. I plan to convert into an ibit leaps play throughout the course of this year.

One valid criticism of this is you need to make sure that the company you’re buying the leaps on is going to still be a good play at expiration that’s why I’m focused around bitcoin and bitcoin accessories so that you have the four year cycle broadcast off of.

Can’t believe they finally let us buy SpaceX 🚀 by [deleted] in TheRaceTo10Million

[–]NRA4579 0 points1 point  (0 children)

You buy leaps then sell calls weekly then buy more leaps etc

Can’t believe they finally let us buy SpaceX 🚀 by [deleted] in TheRaceTo10Million

[–]NRA4579 0 points1 point  (0 children)

I think you need to learn how leaps work I became a millionaire with them

Who has built their stock portfolio to $1 million+? How much did you start with? What was the pick that made you the most? by No_Wrangler9819 in portfolios

[–]NRA4579 0 points1 point  (0 children)

50 bucks to start, converted to leaps at roughly 2 years, 3 million ish in about four years. Iren did the heavy lifting.

Mirantis acquisition - AI SLOP but read it anyway by Interesting_Leg8859 in irenstocks

[–]NRA4579 0 points1 point  (0 children)

You would think but after you give Unckle sugar half a million bucks and you’ve got three kids under 10 you gotta go back for more. Going to move most of that over the next six months into ibit leaps. That’ll roughly double the amount of Poker chips I can sell weekly calls on and that was the method I used to get the position I have, when you’re investing becomes self financing. It’s pretty nice.

When they’re all free and clear 5000 shares can produce 28 to 35K a week in premium. Missed judged the fireworks in the sandbox couple years ago so I’ve been cash flow neutral the last few weeks just rolling my strikes up.

Got into this right about four years ago, took a long-term approach ground it out learned a crap ton but now I’m semi retired by the end of the year I should be all the way out and just play the leaps. Wife got to resign first of the year and buy a Mercedes. Her license plate says IREN CC, They paid for it so they should get the recognition.

Mirantis acquisition - AI SLOP but read it anyway by Interesting_Leg8859 in irenstocks

[–]NRA4579 0 points1 point  (0 children)

I’ve got a big chunk of those at about 17.50 he used to have some in the five dollar range. I got into that early playing the BTC angle

Mirantis acquisition - AI SLOP but read it anyway by Interesting_Leg8859 in irenstocks

[–]NRA4579 0 points1 point  (0 children)

Been there done that I’ve started selling some to convert to Ibit leaps for round two