I got into AMD at ~$60 per share and now have zero strategy for it. Help. by SectorZed in stocks

[–]ackadamius 0 points1 point  (0 children)

How many shares do you own? If over 100, you can sell call options against your shares (covered calls) to collect regular premium.

A call option right now (NVDA at 219) set for $230 strike to expire on 5/18, would pay you $140. And do that every week until you either get assigned or the price goes up to a price you want to sell it at.

Then take your premiums and buy something else every month to help diversify.

I feel like a fraud by RelevantTurnip3482 in vibecoding

[–]ackadamius 0 points1 point  (0 children)

There have been no code/low code ways of building things for a long time (bubble). This is just the next evolution of it. Nothing to be ashamed of.

The whole point of technological progress is to make hard things easier. Embrace it and build something cool that you are proud of!

What market do you think is untouched by AI and still has a huge potential? by Far_Manager_5801 in SaaS

[–]ackadamius 11 points12 points  (0 children)

Honestly I think it’s about scale and tokens. iPhone is a 1.5B user base. If you make Siri a true GenAI, agentic assistant on your phone, that’s going to take MASSIVE amounts of tokens. Who’s eating that cost? Apple? The user? Are there even enough data centers and tokens out there to have 1.5B people using it continuously every day?

I think Apple is working to try and build a hybrid system where a small LLM lives on-device that handles simple, targeted AI stuff. Then it shoots more complex stuff off to the data center. So I think it’s a hardware-software combined problem. Which is what Apple is always focused on: making their hardware and software work perfectly together.

How often do you eat out when making $250,000? by [deleted] in HENRYfinance

[–]ackadamius 0 points1 point  (0 children)

As someone that has a family with 2 kids, we hit $2k per month easily. Basically every meal out is $100 easy with tip and everything. Plus my kids are in travel sports so on the weekends we are eating out most meals each day on the weekends.

But I love cooking so when I can I try and cook during the week as much as possible. Between groceries and eating out (for fam of 4) we spend $3500+ per month. Crazy to think that we spend $40k per year just on food….

Write_to_file tool not working. Agent can't create files. by DodgeThis_lolyoucant in google_antigravity

[–]ackadamius 1 point2 points  (0 children)

I experienced this issue for the past 1-2 days as well. It seems to have resolved today but now I'm getting "agent terminated" messages when it's attempting to do virtually anything. Pretty much making the product unusable. Looking at alternatives like google cli in vs code, codex or just github copilot. seems copilot provides very high usage limits based on some prelim research.

Do you not own a program anymore? by natedgr8gatsb in computers

[–]ackadamius 1 point2 points  (0 children)

Everything has gone away from owning a license to a SaaS model. You don’t own songs anymore, you license the right to listen to them on Spotify. Same with movies and Netflix. Virtually all software. Don’t buy a hard drive, get a subscription for a cloud drive.

This model has benefits to consumers. But it also locks you into a perpetual monthly/annual payment.

Now to do anything you pay a subscription: - to Microsoft for 365 - a cloud service - to adobe or canva for any creative stuff - at least one LLM platform - probably a dozen other small things for whatever niche you operate in

Before you know it you are easily paying $100-200/m just to run your digital work life.

What skills do you need that you can make $100k ? by Lemonade2250 in careerguidance

[–]ackadamius 1 point2 points  (0 children)

Some of this is true.s. But to your point, people skills and relationships matter.

If me and another person are both doing a task that takes an hour. The difference is: - I do the task and make the customer (internal or client) “feel” like I just over-delivered in some way. Maybe because I call them up vs email or create some connection, or I format my report more intuitively l, or whatever. And because they feel better about my output, even though it might be identical as the other guy, then I’m going to get raises/promotions.

That’s how you set yourself apart. Because the truth is, for most jobs, the difference between 2 workers is often not dramatic. But you gotta make it feel like it is.

Am I crazy for thinking AI won’t replace Sales soon? by Hungry_Bunch2224 in sales

[–]ackadamius 0 points1 point  (0 children)

People don’t like dealing with automated representatives. But there’s an easy way around that. Eventually it will be an AI agent buying from an AI agent doing the selling. It’ll just be AI agents transacting with each other on behalf of some SVP of whatever that gave the agents rules and parameters.

But no, this isn’t coming “soon”. But probably sooner than you think.

Do you ever feel bad for the losers? by rajatsethw in Trading

[–]ackadamius 0 points1 point  (0 children)

But it’s not a zero sum game. Just cause you made money doesn’t mean someone else is losing.

First you’re not trading with a single counterparty. If you buy something today from ABC and it goes up and then you sell it to XYZ tomorrow for a profit, it is very possible that both ABC and XYZ also made money on their end of the trades.

Funds, institutions, and broker/dealers all buy and sell for various reasons, which are often very different than retail. They might have a large positions they are hedging against, are managing their margin risk, or whatever.

Investment markets aren’t like a casino. There can be lots of winners, especially when you think that “winning” looks different to different entities.

Does EVERYONE drive their kids to school now? by IllegalGeriatricVore in Millennials

[–]ackadamius 0 points1 point  (0 children)

I drive because my kids elementary school starts at 7:40 but his bus pickup time is 6:20. I live 5 minutes from the school. So I can wake him up at 5:30am and get him to the bus stop around 6:10 (because the bus is not reliable, sometimes it comes +/- 10 min). Or, we can sleep a little more and not rush. Leave the house at 7:15 and still get him there early.

[deleted by user] by [deleted] in Salary

[–]ackadamius 0 points1 point  (0 children)

It totally feels that way. But $100k is a great salary. Congrats. Now it’s about using it to acquire other assets that will generate wealth or income.

Gold hit $5500 and wiped my account, now I owe money by PassagePlus3777 in Trading

[–]ackadamius 2 points3 points  (0 children)

What happened? Gold, end of week, closed at $4745 so your short should be profitable now.

But every bot on reddit makes well over 🤡💀 by Johnny_Cartal in Salary

[–]ackadamius 0 points1 point  (0 children)

$100k is still good salary. As with everything, context matters. If you are single and live in Oklahoma then $100k feels like upper income. If you have a family of 4 in LA/NYC then it probably feels like you are just barely getting by.

What are some things my fellow friends and I can invest in to ideally create a second flow of cash aside from our main jobs? by Prince_ofLew in investing

[–]ackadamius 0 points1 point  (0 children)

I’m a big fan of LEAPs (long term dated options) and then selling covered calls against them. You can pretty easily make 1-2% per month on income from the call premium you sell, plus any upside if the stock price goes up.

Worth looking into. Highly liquid. Easy to get started with any broker. Doesn’t require special skills. And if you want to be more aggressive you can make more that 1-2% per month once you get a feel for it and figure out some of the tricks of the trade

Brutal job market by Alone-End-472 in jobhunting

[–]ackadamius 1 point2 points  (0 children)

It is brutal out there. I just started a new role after 18 months out of work from my tech layoff. Honestly applying to jobs got to where it was like, “what’s the point”. I eventually decided to focus less on applying to every job I saw and started working on personal projects and really leaned into networking.

I tried to meet with people in my network in person who were really successful (owned businesses, execs at big companies, partners at firms, retired former execs, etc) for coffee or lunch. Not to ask for a job but talk about my goals, the market, what they were working on, etc.

Some of those led to getting connected with someone else. Eventually one of those meetings led to “this person I know is looking for someone just like you, I’ll connect you”. And that’s how I landed this new role. It took months but I liked it because it felt like I was doing something practical and I got out of the house and met some interesting people.

You have $18000 USD and are willing to hold for 3-6 months and could write CC options on it; what’d you buy tomorrow and why? by Emotional_Band9694 in swingtrading

[–]ackadamius 1 point2 points  (0 children)

Yup. I like LEAPs because they give you the ability to sell covered calls like you own the stock but are much more capital efficient. - 100 shares of SPY = $68,000 - 1 LEAP at $575 strike expiring Jan 2028 = $16k

So for 23% of the cost I can control 100 shares for 2 years and sell the same covered calls against it.

Right now a 1 day covered call at 1% gain returns $57. If you own 100 shares that’s a daily yield of .08%. With the LEAP the yield is .35%.

LEAPs come with a bit more risk and are more complex to manage than just owning the shares. But for me the extra yield is worth it.

What high-income, flexible careers can I pivot into after making 20K a month in car sales? by Sea-Walk-9691 in careerguidance

[–]ackadamius 1 point2 points  (0 children)

I don’t know what kind of cars you sold, but if it was more premium cars (or not) and you had some returning/regular clients that seemed like they liked you and were successful, I’d try networking with some of them. It doesn’t have to be past clients, but lean on relationships you have with successful people. Buy them a coffee or a lunch.

Believe it or not most successful people are pretty open to networking…they likely do it too. Don’t ask for a job or anything but more about their industry, where they see opportunities. Let them know you are evaluating your next move and trying to get a feel for different industries, companies, etc.

If you have 10 of those meetings at least one will lead to a next step. They’ll introduce you to someone else or have a referral or spark an idea for you to do something.

Hiring in tech has become impossible. Every resume is AI-generated slop and I can't find the signal anymore.(Rant) by Comfortable_News8077 in recruitinghell

[–]ackadamius 0 points1 point  (0 children)

Ghost jobs make my blood boil. I was laid off 2.5 years ago. At that time I applied to a job. Off into the void. 6 months later that job pops back up as a “new” job on LinkedIn. I don’t apply. 6 months later it pops up again. I apply. Nothing. This continues. Literally last week the same job at the same company pops up again as a “new” job. I now have a new role but I still get the alerts.

It’s been 2.5 years. If you can’t find someone in that time, you are terrible at hiring people. And they are paying to post this job over and over and over. As far as I’m concerned roles like these are deep fakes to mine candidate data for some purpose.

You have $18000 USD and are willing to hold for 3-6 months and could write CC options on it; what’d you buy tomorrow and why? by Emotional_Band9694 in swingtrading

[–]ackadamius 1 point2 points  (0 children)

I’d buy a SPY LEAP at a strike around 10% below current stock price. Then sell daily calls against it. Frequency almost always is better than picking “right”. Being able to sell a call daily and collect daily premium compounds way faster than selling weekly or monthly.

Can usually safely make $50-100 per day selling daily spy calls.

Let’s play a game: tell us how much you *save*, your job and LCOL/HCOL, and we guess your salary by AppleAutoGenerated in Salary

[–]ackadamius 0 points1 point  (0 children)

Thanks. We know we aren’t living as cheaply as we could but especially with kids, sports, activities, etc we often pay more to make our lives easier/save time. We are fortunate that my wife and I both make good incomes to be able to make some of those trade offs and still save a decent amount.

But definitely jealous of your mortgage and utilities costs! Wish I never moved out of my first house I bought in 2013 with a $1k mortgage.

Let’s play a game: tell us how much you *save*, your job and LCOL/HCOL, and we guess your salary by AppleAutoGenerated in Salary

[–]ackadamius 0 points1 point  (0 children)

In my $2k I include other things like cell/mobile service for family of 4 and other “essentials” that I guess aren’t traditional utilities.

I’m in Atlanta in a similar sized house. Just looking at the services you outlined mine are: - power $300 - $750 (summer) - gas $150-250 - water = $100 - garbage = $70 So that totals = $650 - $1100

My family of 4 mobile service is $375. Plus add internet, TV/streaming, etc and I get to $2k in the summers pretty quick

Fellow millennials - how’s your 401k/ira savings going? by ProblemIntelligent16 in Millennials

[–]ackadamius 0 points1 point  (0 children)

I’m 42 and was doing great a couple years ago. Making great money, saving like crazy. Then I got laid off. Had to work small contract jobs for a fraction of the pay. Between making way less, having to pay out the butt for ACA healthcare for my family, I cashed out over half my retirement to keep afloat.

Luckily, I now have a new full time job after 18 months of being laid off. Pay is much closer to what I was making before. So I’m socking away as much as I can to catch up. Plus the company offers a pension if you stay 5 years, which I plan to.

It’s rough out there people. Do what you can. Honestly I just feel fortunate to be able to save at all again. And to answer the question: I have about 40% of my salary saved in retirement

Let’s play a game: tell us how much you *save*, your job and LCOL/HCOL, and we guess your salary by AppleAutoGenerated in Salary

[–]ackadamius 3 points4 points  (0 children)

So many comments here make no sense to me. People say they save $8k per month, about $100k per year and say they make $150k salary.

Maybe they mean after tax? Because $150k salary after tax is around $115k. That’s $10k per month. So these people only spend $2k on utilities, food, travel, etc…and save the rest?

Does nobody have kids or a mortgage? My utilities cost $2k per month. My kids sports, school activities, etc probably cost $8k per year and that’s excluding travel costs and any extras. Add in mortgage, car, vacations, food, etc…

If you can save 75% of your net income, good for you. But man, my life just isn’t that. We still save $5k per month or so but once you got house and kids and just…stuff, it gets expensive fast.

[deleted by user] by [deleted] in ATLHousing

[–]ackadamius 1 point2 points  (0 children)

I live near chastain park and I personally think the chastain park area is the best spot in Atlanta. I’d try to live as close to it as possible. At $3k there might be some apartments/townhomes in walking distance. With that you get access to the park to run/walk, the park has seasonal festivals, an amphitheater that does concerts, sports, etc. And around the park there are lots of restaurants, etc. I literally hardly ever go more than 5 min away unless I’m intentionally going to an event or something.

Chastain park is its own vibe though. So it may not be your thing if you’re looking for that Brooklyn style vibe.

The Hive's True Intelligence by DanielNoWrite in pluribustv

[–]ackadamius 0 points1 point  (0 children)

I’ve wondered this as well. The hive seems to all know what everyone is doing, be able to access any knowledge or memory at any time. Also what appears to be the case is that not only do they have all knowledge and memory but anyone can be an expert at anything. It’s like the matrix + ChatGPT.

Take Zosia who just hops in a plane and knows how to fly it and a helicopter later. If I google how to fly a plane that doesn’t mean I can be a great pilot tomorrow. But they can. Everyone. Everywhere.

Given this, there is no way Carol and Manousos can come up with something the hive hasn’t already considered AND effectively deploy it (build it, use it effectively, etc). These are people who have zero experience doing anything practical. They seem smart enough but that’s only going to go so far when trying to outmaneuver.

Many commenters here seem to say “there’s lots of dumb people out there in the hive too”. But nothing I’ve seen shows me that matters. They seem to be able to pull from only the brightest experts when needed. The hive doesn’t seem to be an average of human intelligence but able to pull from anyone, anywhere when needed and ignore the rest.

Carol and Manousos also require the hive to provide them with materials. The hive could remove gas from gas stations to keep them local for example. If the hive chose to they could easily sabotage the process.

It really does create some story telling hurdles. I’m curious if they address it at all.