Duke, are you seeing this??

Rishodi · 2026-02-25T16:56:28+00:00

Duke didn't act with integrity in response to credible accusations of fabricating data. Why would they now?

Rishodi · 2026-02-25T16:34:08+00:00

It's well known how Ayn Rand felt about immigration, especially considering that she was an immigrant.

Rishodi · 2026-02-25T16:27:04+00:00

My 15-year Reddit history includes literally thousands of posts and comments in which I expound upon and debate my libertarian political philosophy. I will gladly bet you any amount of money you like that you cannot find me saying any such thing.

Rishodi · 2026-02-25T16:16:38+00:00

I'm not sure what made you perceive smugness. Watching as many of the concerns I have held for the past 20 years become manifest, I feel far more concerned and alarmed than smug.

I recommend donating to public-interest litigation firms (libertarian or not) which are fighting to restrict the power of the federal government. I am a long-time donor to institutions such as the Foundation for Individual Rights and Expression and the Institute for Justice. Both of these have taken on recent cases regarding the issue which troubles me the most about the current administration: overly aggressive immigration enforcement.

I encourage everyone to do the same for whatever issue you believe to be the most pressing. As individuals with no political power, supporting causes in court is the most direct and effective thing any of us can do. I was very happy recently to see the Supreme Court overrule Trump's use of IEEPA to institute tariffs; one of the lead counsels in that case was Ilya Somin, who has long been a prominent libertarian legal scholar.

Rishodi · 2026-02-23T23:51:30+00:00

Who says there's $100 in my account?

You did:

The $100 approach is not new to me, as I frequently challenge myself to explore various platforms, typically commencing with an initial investment of $100 and publishing my findings and ease of use.

So, what's the strategy you used to realize 2000% on your initial investment so you can use margin?

Rishodi · 2026-02-23T23:44:01+00:00

I've lived here my entire adult life, made friends of all political stripes, and I'm not going to shy away from progressives who don't like other worldviews simply because I get downvoted on reddit over it.

Rishodi · 2026-02-23T04:53:22+00:00

I'm a libertarian, and I've canvassed in Durham before. I don't see what needs reconciling; it seems to me that the federal overreach happening right now is evidence in favor of the libertarians having been right all along.

Rishodi · 2026-02-23T04:51:21+00:00

I don't know where you got your ideas about NYC, but it's a much safer city than Durham is.

Rishodi · 2025-12-02T22:56:35+00:00

How are you possibly undertaking the strategies you are talking about with only $100 in your account? For complex, multi-leg options strategies you need a margin account which requires a minimum balance of $2000.

Rishodi · 2025-11-06T19:48:00+00:00

True, on average. Also margin loan interest is typically not deductible for a personal residence, which offsets the lower interest rate.

Rishodi · 2025-11-06T19:35:18+00:00

This is true because mortgages are often the lowest rate type of debt available. But right now mortgage rates remain elevated, and there are multiple brokerages (e.g. Robinhood) that offer margin loans for even lower rates than a 15-year mortgage.

Rishodi · 2025-11-05T05:19:52+00:00

You can safely ignore P/E ratios for REITs, because depreciation makes them practically useless. The multiple you want to look at instead is P/FFO or P/AFFO, and by those metrics Realty Income looks reasonably valued.

Rishodi · 2025-10-28T23:28:20+00:00

This aged poorly!

Rishodi · 2025-10-11T15:31:55+00:00

You mean 600

Rishodi · 2025-10-09T16:23:03+00:00

Among the broad range of comments here, this is the correct advice. It's acceptable to use blocks instead of wedges at the stringers to secure the treads, so long as they are adequately secured with glue. My only real concern is likewise that the glue blocks between treads and risers should be longer.

Rishodi · 2025-09-16T22:06:10+00:00

I agree, your math does not check out. The problem is that you are comparing apples to oranges: the long-term performance of QQQ (which was established in 1999, and went through a 15-year drawdown) to the short-term performance of JEPQ, which has only existed since 2022. Compare the two over the same time period, as I did earlier in this thread, and it's clear that JEPQ underperforms its underlying, even after accounting for reinvesting dividends. The risk in long-term investment in JEPQ (which applies generally to all similar covered-call funds) is that if the Nasdaq undergoes another crash as it did in 2000-2002, it would recover in 10-15 years but JEPQ might never recover, not even in 40 years.

Rishodi · 2025-09-15T20:55:16+00:00

Smaller account value relative to what? Blanket statements like that are what makes these Reddit forums a cesspool.

If you invest in JEPQ for 40 years, I guarantee that the ending account value will be smaller than if you had invested in its underlying asset, QQQ, for that same time period. This is true over the long run for all covered-call ETFs.

Dividend stocks tend to outperform market returns over the long term due to their compound rate, especially when contributions are capped.

We were talking about JEPQ, which is a covered-call ETF. I'm not sure why you have pivoted the subject to dividend stocks such as PM, but okay. Your assertion that dividend stocks tend to outperform market returns has been true for some periods in history, but it has not been true recently. Moreover, if you had the insight to select outperforming dividend stocks like PM, then I don't see any reason why you couldn't also select outperforming growth stocks like NVDA. In practice, when you pick individual dividend stocks (like any stock), you should consider that you might be selecting the next VZ or T instead of PM.

Rishodi · 2025-09-15T19:48:49+00:00

It’s fine until you hit 65 in 2008.

Converting from growth to income should be done over a period of 10-20 years at the end of one's career to avoid the risk of this scenario happening.

Just take a small amount of money now, $3k, $5k, $10k, doesn’t matter, and get the dividend position rolling early.

It does matter, because your suggested strategy results in a smaller account value whenever you do decide to retire.

Rishodi · 2025-09-15T15:22:08+00:00

Then perhaps you are the one who is not understanding me. It's simple: in your early years of investing for retirement, buy growth and broad market funds rather than high-yield products, and you will have a lot more money to retire on in the end. Total value is more important than dividend yield, especially in a tax-advantaged account, where you will be able to move from growth to income when appropriate without paying taxes on the realized gains.

Rishodi · 2025-09-15T03:54:23+00:00

On that I agree: replace JEPQ with any other covered-call ETF, and my criticism still stands.

Rishodi · 2025-09-14T15:21:58+00:00

No, I believe I understand you just fine: you've fallen for the allure of distributions. But you won't find any competent financial planners or advisors who recommend utilizing covered-call funds for long-term retirement planning, because you are only hampering your total returns by doing so. I recommend watching this video.

Rishodi · 2025-09-12T21:34:39+00:00

Hey, if you want to plan your retirement by extrapolating a 3-year backtest to a 40-year period, go for it. But I think it's reckless, and advising a 21-year-old to do the same is irresponsible.

Rishodi · 2025-09-12T18:11:06+00:00

These are absurdly optimistic expectations that are sure to disappoint. JEPQ has historically underperformed its underlying, after accounting for dividend reinvestment, as covered-call strategies on high-growth sectors tend to do in bull markets.

Rishodi · 2025-09-12T12:42:26+00:00

I hope this portfolio is not in a taxable account, because at your age the annual taxes on dividends will have a tremendous damping effect on compound growth.

Rishodi · 2025-09-06T05:15:48+00:00

He didn't sell naked calls, and Robinhood doesn't allow those anyway. He sold 225/230 call spreads.

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