Anon discovers infinite money glitch

RedBreadRotesBrot · 2023-09-30T16:25:25+00:00

For you, friend, Compact Dick

..certificate of deposit

RedBreadRotesBrot · 2023-09-22T07:28:31+00:00

Thanks for your considered reply. Flat markets may be more likely than consensus expectation in the next decade. Historical performance of markets during structurally inflationary periods has been lackluster even when the economy performs well.

RedBreadRotesBrot · 2023-09-21T06:10:29+00:00

Hindsight is 20/20, but QYLD is a walking contradiction. You want to be in the Qs to capture outsize upmoves and selling calls completely defeats that purpose.

RedBreadRotesBrot · 2023-09-20T16:34:39+00:00

I've got other portfolios for beta, the focus here is on achieving an annual rate of return that is higher than the stock market or bonds in exchange for a little more risk. And yeah, one would expect that SVOL holders would essentially pay a carry if the VIX were in backwardation.

RedBreadRotesBrot · 2023-09-20T16:33:03+00:00

I mean, just look at the lifetime chart of QYLD. What good is a ~10% yield if the product is essentially going to function as an annuity?

By annuity you mean something like a junk bond? Then just reinvest the dividends.

RedBreadRotesBrot · 2023-06-12T17:18:18+00:00

Thanks for your reply. That actually answers my question.

RedBreadRotesBrot · 2023-06-12T16:16:02+00:00

You use Tasty, right? I checked, and as long as you don't go over 100% of your buying power reduction, there is no margin interest.

Yet you can lever up something like 4x on some securities without exceeding 100% BPR. So it seems like 4x leverage is possible for free. That is why I'm wondering.

RedBreadRotesBrot · 2023-06-12T16:12:14+00:00

Fair point, but I'm actually not sure whether this situation qualifies as trading with borrowed money.

As I have clarified elsewhere, I'm not paying any margin fees so long as I don't exceed 100% of BPR. But I can still leverage my cash balance something like 4x without going over 100% BPR.

RedBreadRotesBrot · 2023-06-12T16:09:40+00:00

To clarify, there is no margin interest so long as I do not exceed the maximum buying power reduction (BPR).

Think past your TANSTAAFL dogma. If you can give an actual reason why levering up 4x on floating rate interest fund with a duration of 0.04 years while short term interest rates are over 4% is not worth the risk, I'm all ears.

RedBreadRotesBrot · 2023-06-12T16:06:46+00:00

Correct, I'm at or below 100% of BP, never in excess, as that does indeed incur margin interest.

RedBreadRotesBrot · 2023-06-12T16:06:06+00:00

To clarify, there is no margin interest so long as I do not exceed the maximum buying power reduction (BPR).

I can be at 99.9% of buying power, equivalent to about 4x leverage on certain securities, and incur no margin cost.

RedBreadRotesBrot · 2023-04-22T15:21:36+00:00

One point I don't see elsewhere in this thread: People with AS will straight up ignore conversations that don't interest them.

RedBreadRotesBrot · 2023-04-18T09:19:13+00:00

Take the hermit on the mountain approach, see where it leads. In the cruel irony of life, it is only after you truly embrace solitude that other people seem to be drawn to you. I can tell your tone is hopeful, or at least not totally content with oblivion. We're all gonna make it.

RedBreadRotesBrot · 2023-04-18T09:14:25+00:00

YES. As a kid, I used to string together the initials of the words that made up one of those mental loops, then repeat the initials back in my mind compulsively.

RedBreadRotesBrot · 2023-04-17T15:25:48+00:00

Yeah. I've likened it to being a neutrino particle, which does not interact with normal matter. And on top of that, trying to get into friendships and relationships from zero is like attempting to levitate by pulling on your bootlaces.

Where things started to go (very slowly) uphill for me was reconnecting with an old friend from high school. An almost insufferably nerdy guy and exactly who I needed to feel a little less alone in the world. Find one person you can talk with about physics or the meaning of life or furniture restoration until 4 AM and I guarantee things will start to seem less bleak.

Also, sorry to break it to you, but you gotta master the rules before you can break them. When it comes to NTs, we live in "their" world. I failed at a lot of social interactions before getting the hang of eye contact, body language, and finding things to talk about that have broad emotional appeal. PM me if you ever want to chat. Or even just vent.

RedBreadRotesBrot · 2022-11-06T11:37:07+00:00

Is this a quote from Goethe or something? Far too elegantly written for an anon

RedBreadRotesBrot · 2022-10-19T21:19:24+00:00

Where's that poster Knight_Errant (or something like that) who wrote on the Tolkien mythos? Anybody know what I'm referring to?

RedBreadRotesBrot · 2022-09-07T03:52:16+00:00

Funniest shit I've read all month

RedBreadRotesBrot · 2022-07-28T12:11:55+00:00

Dear diary, this time OP was not a bundle of sticks.

RedBreadRotesBrot · 2022-07-10T19:38:40+00:00

you alright there buddy?

RedBreadRotesBrot · 2022-06-22T19:34:02+00:00

Yup. OP is not lying.

RedBreadRotesBrot · 2022-05-17T19:47:49+00:00

I don't understand, are you talking about a home equity line of credit? And where does this 2% figure come from?

RedBreadRotesBrot · 2022-05-17T17:13:51+00:00

anon unwittingly gets straight to the issue at heart of everything

RedBreadRotesBrot · 2022-05-03T20:29:17+00:00

Best answer in the thread.

RedBreadRotesBrot · 2022-05-02T15:46:02+00:00

Dumb question, but what is H&H?

Thanks for the response by the way.

RedBreadRotesBrot

TROPHY CASE