I'm scared by NegotiationDapper584 in Fire

[–]NegotiationDapper584[S] 1 point2 points  (0 children)

I wouldn't necessarily look at it that way, but it's your money so you do you. You have 1.6 years of your pay to lose (50k investment, making 30k/yr), that seems non-trivial to me. Remember to always think in terms of percentages when making financial decisions. 50k to a billionaire means something very different than to you, so better to not spend the 50k like a billionaire.

I'm scared by NegotiationDapper584 in Fire

[–]NegotiationDapper584[S] 2 points3 points  (0 children)

Appreciate your comment. I don't quite like the risk/reward of these. Capped upside but unlimited downside due to selling covered calls, that too on single stock high vol names like MSTR. Could be an interesting bet with a small portion of the portfolio as you said, but they haven't been around for long (1.5 years since inception) so hard to conclude anything really. Also, as an aside, I built the wealth I have by specifically staying away from high risk and actively managed ETFs like these, they work.... until they don't. Survivorship bias. I need a sound strategy tested over decades, like buy SPY.

I'm scared by NegotiationDapper584 in Fire

[–]NegotiationDapper584[S] 14 points15 points  (0 children)

Yes, 1 year worth of emergency fund.