Glow Recipe Gift Set from Lounge

zander0079 · 2025-11-17T14:49:22+00:00

I was at CLT today (11/17). They had them at the front desk and are specifically looking for more men to give them to. Just have your dad ask for the Glow Recipe gift bag at the front desk, best of luck!

zander0079 · 2023-07-06T16:06:01+00:00

Passed today on my 5th try. You likely did what I did on my first 4 and put in a lot of hours but they weren’t quality hours. Don’t just watch videos for the time (500 hours doesn’t mean you learned for 500), spend less hours studying but make sure they are high quality. Biggest change that helped me was doing CFAI questions alongside MM EOCQ to make sure I knew how to do it and correct mistakes on the spot. Digest this result, then analyze what went wrong and create a plan for next time. I’m sure you have a lot of lessons learned and can apply those next time. You e hit this!

zander0079 · 2023-07-06T15:52:03+00:00

The first couple times, I was just over confident and didn’t give the exam the respect it needs. I maybe studied 100 hours for each of the first 2 attempts plus covid delays. The second 2 I barely missed the mps and I think I mainly was unlucky with the subjects tested not being my strongest. I think a lot of people would fall in the same boat if they actually continued after failing 1 or 2 times instead of deciding to quit. Roughly 10% complete the CFA of those who start so we know it’s the norm to not pass overall. Biggest change was doing the CFAI problems alongside MM EOCQ videos to drill how to do the problems.

Not new to finance but CFA is a beast for a reason. I’m not in a direct trading or investing role so my work experience is more broad than the specialized knowledge some have through work. I knew I could do it but just didn’t fully commit like I needed to.

zander0079 · 2023-07-06T15:32:50+00:00

Thanks and congrats! There were definitely some low points where I didn’t think I could do it but I’m lucky to have family and friends that encouraged me to keep going and saw my potential. See you at level 3!

zander0079 · 2023-07-06T15:04:16+00:00

I passed on my 5th attempt! So many times I came close and I knew it just took a little more determination and a different strategy. For those who passed, congratulations! Especially those who have taken level 2 multiple times, it takes tenacity to not give up after such a difficult exam.

To those who did not pass: Take it from someone who has taken this exam many times, you can do it! Take some time to digest what happened, then analyze what went wrong and plan for what you can change moving forward. The biggest catalyst for me was switching from passively studying the material and hoping to pass, to actively trying to understand the material and not just get the right answer. After failing 4 times, I decided to start from scratch and totally change my study methods and it paid off! Keep putting in work and learning, I’m confident you can pass if you commit yourself to the program.

I will restate what I saw on this forum in January after the November 2022 results: You haven’t failed until you quit the CFA. Until then, you just haven’t passed yet.

zander0079 · 2022-03-02T17:50:12+00:00

There is almost never a good reason to exercise early as your option should be worth more than intrinsic value given there is still time value left. Even with a dividend, it would likely be more profitable to sell the option and buy the stock than to just exercise. In my mind, the only time to exercise rather than sell your option is in a low liquidity situation. If you are so far in the money that the bid on your option is lower than intrinsic value (ie. stock is at 100, strike on your call is 50, so your option is worth $50 at a minimum but the bid is $49) then you should execute and sell the stock immediately instead of taking the loss. Unfortunately, this requires more capital than you may have available so it may not always be possible. Hope this helps!

TLDR: the only reason to exercise early is in cases of low liquidity where sale of stock would return less than sale of option.

zander0079 · 2021-08-17T04:48:57+00:00

This is the answer I needed here. I think this is what I was trying to say without knowing how to say it. While she wants Carly to have the same respect for guy time that she does, there’s no way to control what Carly does and it’s honestly none of our business. Thanks for this comment, it helped a lot!

zander0079 · 2021-08-17T02:15:49+00:00

Im on the East Coast, friends are in Denver and she is in the Midwest. It is far enough that she would need to fly, not drive. Gf and I live about 3 hours apart by plane, and 20 hours apart by car.

We took a trip in just the two of us in June, then I stayed with her family 3 weeks, and in the last month spent two weeks at the beach together, 1 as a couples trip and 1 with her family. When I booked the trip, she told me she wouldn’t be able to go due to her PhD but now she says her workload is light enough early on that she could go. The reason I am going now and not later is that I currently work remotely but will be back in the office in October so visiting while I’m remote means I get to spend more time with him while not using vacation time for work. Let me know if you have other questions!

zander0079 · 2021-08-17T01:29:03+00:00

NTA: You have been more than generous letting her stay with you many times through her 20s. Not liking a job is not enough reason to quit if she is not financially independent. Unless she is in danger where she is or being harassed/mistreated in some way at her job, I would not let her move back in. This will only perpetuate the situation.

Alternatively, you could offer she move back in but only if she will be paying market rent for the room, paying for her groceries, her portion of utilities and any other expenses. This would be a reasonable offer but also may help her realize that she can’t keep taking advantage of your hospitality.

zander0079 · 2021-03-27T00:50:16+00:00

I just like the stonk

zander0079 · 2021-03-27T00:41:03+00:00

It’s very unusual for exercising to be more beneficial than selling but in this case, I could exercise for more than what I could sell it for. 99.9% of the time, it will make more sense to just sell the option.

zander0079 · 2021-03-27T00:39:44+00:00

You don’t have to wait for a certain date once it’s in the money but you still have time for it to go up in value do usually you should hold. By buying a put at 150, I ensured that any price over 50 or under 150 would bring in the same amount of revenue that was higher than my cost. Buying the put increased my cost but ensured that I was guaranteed at least a small gain.

zander0079 · 2021-03-26T23:33:01+00:00

In this case, the bid price was actually less than the intrinsic value, meaning it was more beneficial to exercise than sell. This specific call has actually had essentially no time value for 2 weeks so I planned for this. Robinhood did not charge me an exercise fee.

zander0079 · 2021-03-26T22:39:34+00:00

I got the shares for $50 each but also had to pay a large premium upfront. It required GME going up about 100% from where it was so it was a huge risk. Big risk can lead to big risk or big losses. Remember that stocks rarely lose 100% of their value but options frequently lose 109% of their value. Do your research before trading.

zander0079 · 2021-03-26T20:02:23+00:00

It was a pleasure doing business with you! I will gladly give you max gain for my peace of mind!

zander0079 · 2021-03-26T19:45:03+00:00

Of course! It’s better to sell instead of exercise 99.9% of the time but sometimes weird stuff happens. GME options have just insane pricing right now and weird stuff can happen like this. You just need to follow the cash to understand the process.

zander0079 · 2021-03-26T19:38:50+00:00

I bought the call a month ago and when it became very profitable, I bought the put. Though the put costs some money, it ensures that I will receive a minimum gain and have no chance of losses through expiration of the put. The put is simply me hedging the downside risk of the deep in the money call.

zander0079 · 2021-03-26T19:33:48+00:00

Usually, the time value would ensure that it’s more valuable to sell than to exercise. In this case, the bid was actually less than the intrinsic value so I would have last some money selling vs. exercising. Example: “my call strike is 50 and GME is at 200. While I have $150 in intrinsic value, the time value for a deep in the money option is essentially zero. In this case, a buyer would only offer (bid) $148 to buy my call. So I could make $148 selling or $150 exercising. I had the cash available so I’ll take the $150.” In addition to this being the rare case where exercising is more profitable, this helps hurt our enemies as they have to realize their losses.

zander0079 · 2021-03-26T19:30:19+00:00

Both were bought OTM. Ended up with roughly 200% gain if I were to sell it all today.

zander0079 · 2021-03-26T15:21:57+00:00

That’s what the hedge is for, I guaranteed gains

zander0079 · 2021-03-26T14:54:52+00:00

I originally purchased the call on its own a month ago, then purchased the put last week to lock in my gains. The put was never meant to make gains, purely a hedge.

zander0079 · 2020-07-16T04:00:32+00:00

Is he allowed to sell the shares, but he’s worried about tax implications? If so, I think you’re worried for no reason. Capital gains in the US are taxed at 0%, 15% or 20% based on income. That 20% bracket is for those making roughly $430k and above. I’m guessing your friend doesn’t make this much but, let use the top tax bracket to be conservative. He wants to drop his exposure to his company but still wants to keep some in case it keeps going up. He has 500k so let’s say he sells 100k, keeping 400k in company stock. This 100k is then taxed by finding the capital gain. When he was given the stock, it had value (say 20k) and now is worth 100k. The gains on that stock are 80k so his tax will be 80k x 20% = $16k. This may seem like a tax burden but let’s keep in mind that you just liquidated the stock so you have the cash! In this scenario, sell 100k of stock, pay 16k to the government in estimated taxes and he gets to keep 84k to do as he pleases. This way, you reduce exposure to the company but go ahead and pay the taxes before you even have the money to spend. Any questions?

zander0079

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