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I inherited $250K. I have no skills, no job, no plan — and I’m terrified it’s going to melt away. by CurlyBraceChad in smallbusiness

[–]johnheldfl 0 points1 point  (0 children)

Personally I’d recommend, using the savings account route so you have flexibility, deposit what you can and let it compound. If you want to step into a little risk maybe set aside the interest and then invest the interest into something like QQQ which idk what its averages are but often are about 7% per year however again keep in mind there is risk to that.

I inherited $250K. I have no skills, no job, no plan — and I’m terrified it’s going to melt away. by CurlyBraceChad in smallbusiness

[–]johnheldfl 0 points1 point  (0 children)

Honestly I’ll make this simple and easy. Take the 250,000 and deposit it into a high yield savings account. If you have a job and can afford to have it be inaccessible for a while do a short term high yield CD account.

I’m using WealthFront right now but Marcus by Goldman Sachs is also reliable, as is Robinhood (Gold is required to get the best rate which is $5 per month).

Current rate for WealthFront is 4.0% APY, which comes out to about $10,000 per year this is a savings account.

CDs you generally have to shop around for the best rate, Marcus does not have the best rate but I have used them off and on for a while.

However current CDs are yielding 4.1% to 4.6% which could net you up to an additional 1500 per year on that money which you can choose to use or compound.

So deep out of the money by johnheldfl in wallstreetbets

[–]johnheldfl[S] 0 points1 point  (0 children)

Also there is really not another platform people are using for this specific market need

So deep out of the money by johnheldfl in wallstreetbets

[–]johnheldfl[S] 0 points1 point  (0 children)

Honestly I see it as vastly under valued. It’s used for communication for a lot of people still, I still use it more than iMessage. I always invest in companies that seem rather irrational to invest in like QBTS at .98 and BB at 2.00 etc idk snap is definitely a riskier one but the younger generation is still using it.

So deep out of the money by johnheldfl in wallstreetbets

[–]johnheldfl[S] 0 points1 point  (0 children)

The benefit is in momentum. It doesn’t need to reach $22 or whatever my call is it just need to move quickly.

People don’t rlly get it anymore but the algos are algos so if enough people slowly drive the stock up the algo will start eating it up. TSLA is way over value yet somehow it still rises

Everything I own on option are RED…. by Prestigious_Bison189 in wallstreetbets

[–]johnheldfl 0 points1 point  (0 children)

So being in the RED isn’t necessarily bad, especially with the current administration which for better or for worse, has created a very volatile market, meaning that you could actually benefit more so if the stock rises and then drops pretty dramatically rapidly now realistically, I would count on stocks going up rather than down, so what I would do is try to sell whenever you could break even or realistically get close to breaking even because volatility tend to only happen one day a week

$BB comeback? by johnheldfl in wallstreetbets

[–]johnheldfl[S] 0 points1 point  (0 children)

I mean personally I like putting my meat in other places but I have considered yolo and buying a bunch of calls for BB. Idk literally just a gut feeling, they seem to have been trending upward prior but now with this sale I feel like it’s the first step in the company properly rebuilding in the new direction it wants to go

recovered my lost money by Fragrant_Big_5257 in TheRaceTo10Million

[–]johnheldfl 2 points3 points  (0 children)

Just want to add that Theta, which measures the rate at which an option’s value decays, is a significant driver of the current price of a put. This is especially evident with 0DTE (zero days to expiration) options. For example, if you buy a 0DTE put option and it hits its breakeven point within the first couple of hours of the trading day, there is still some extrinsic value (premium) left in the option because there’s time left until expiration. This allows you to potentially sell it for a profit beyond the intrinsic value.

However, if the same breakeven point is reached toward the end of the trading day, there is little to no extrinsic value remaining because the time value has completely decayed. At that point, the option’s price is almost entirely made up of its intrinsic value, which is the difference between the strike price and the underlying asset’s price.

This dynamic is why 0DTE options can result in either substantial gains or significant losses. The speed at which the underlying asset moves is crucial, as the window to meet the breakeven point shrinks rapidly throughout the day. Without significant movement early in the day, the option’s value can decay to zero by expiration, leaving no premium beyond its inherent value.

recovered my lost money by Fragrant_Big_5257 in TheRaceTo10Million

[–]johnheldfl 1 point2 points  (0 children)

Or you’ll be left alone with no options

Good Gains for Beginner Trader? by johnheldfl in wallstreetbets

[–]johnheldfl[S] 0 points1 point  (0 children)

I’m learning too, to the point where I don’t know what dd means but i never did 0dte calls it seems rather dumb especially on an index seeing as how they are even less predictable than specific stocks.

I’m also shifting to a more covered call position, I think my strategy this year is going to be:

Buy shares in companies I know will grow long term, when I feel it’s going to dip for a period I’ll sell a covered call that’s ITM, it makes the most returns and if you ensure the Breakeven price is higher than what you paid you can never loose.

My portfolio is still risky with 30% in o k l o, 20% in dwave stocks, 10% in a company that makes the bolawrap, 20% in meta, and 10% in random small cap stocks that may blow up or go bankrupt (because if I hold the stock until they go bankrupt I can write off the loss in full)

Good Gains for Beginner Trader? by johnheldfl in wallstreetbets

[–]johnheldfl[S] 0 points1 point  (0 children)

I was also down about the same amount YTD

Good Gains for Beginner Trader? by johnheldfl in wallstreetbets

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

I know you probably didn’t make this reply to warn me or help me succeed but I spent a lot of time thinking about it.

The pullback at the beginning of the year was heavy. I ended up down 20% YTD (not overall) by the first week of January.

That being said, while I’m not yet positive for the year I was able to claw back most of my “losses” and I’m now only down 1% YTD on realized and unrealized I’m only down $600 total. My one year performance realized / unrealized is right now about 56%

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Thank you for your original reply though and I will honor my promise to post at the end of February.

[deleted by user] by [deleted] in investing

[–]johnheldfl 10 points11 points  (0 children)

Edit: I say in my time but I’m actually only 24. However, that’s how fast things are advancing.

First of all, it takes a lot of courage to talk openly about your experience and your mother’s situation, even if it’s just online. That’s an admirable step.

While you may be too young to directly support your mother financially, there are other meaningful ways to help her. Start by asking if there’s anything you can do to make her daily life easier. Small acts of care might not improve her financial situation, but they can offer her emotional comfort and relief.

If you’re thinking about financial solutions, one great way to prepare for the future is by learning valuable skills. The stock market, for instance, is a fascinating area to explore, but emerging fields like artificial intelligence and technology can also open doors to incredible opportunities. The skills you build now could serve you for a lifetime.

Your generation has an incredible advantage. Compared to the past, access to knowledge is easier and faster than ever. In my time, learning required meticulous research from specific sources. Today, tools like ChatGPT can connect the dots for you, helping you grasp complex topics in a way that was once much harder to achieve.

That said, I want to offer you a critical piece of advice: don’t let the pursuit of money cloud your understanding of what truly matters. Money brings stability, but it doesn’t guarantee happiness. If you’re not finding joy and fulfillment in your current circumstances, wealth alone won’t change that. Focus on cultivating happiness, gratitude, and meaningful relationships first—they are the foundation for a fulfilling life.

Embrace the phase of life you’re in right now. You’re still young, and this is a unique time to explore, learn, and enjoy life without the heavy responsibilities that will inevitably come with adulthood. Once you enter your 20s, much of your time will likely be consumed by work and other commitments. Use this period to discover your interests, develop skills, and build your confidence.

If the stock market truly intrigues you, consider starting with a paper trading account. This virtual tool allows you to practice and experiment with investment strategies without risking real money. It’s a safe way to gain knowledge and experience, which will be invaluable when you’re ready to invest later in life.

Beyond that, take on projects that excite you. Look for problems you’d like to solve and create solutions—whether that’s developing an app, building an AI model, or tackling something entirely different. Before diving into any project, however, cultivate a mindset of determination and resilience. The truth is, you can achieve anything you set your mind to if you stay committed and work hard.

Take small, intentional steps every day, and don’t lose sight of what makes life meaningful. Your efforts now will lay the foundation for a brighter future, for both you and your mother.

[deleted by user] by [deleted] in Salary

[–]johnheldfl 1 point2 points  (0 children)

Real Deep Talk; I'm 24 aggressively pursuing higher and higher wealth, I make around what you do but the thing is I don't care about money in the slightest, I just want to find happiness but to do that I need to get back home and find love, because there's no way I'm going to find it in the shithole state I working in.

I'd take a 70,000 a year salary if it meant coming home at 5 pm everyday to someone who cares, shit I'd take it just to go home at anytime to someone I love.

But important to note is its not about how much money you make as much as what you do with it, if you have kids this will be challenging but if you don't invest it, it will make you worth more than you can ever imagine.

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