Fellow wageslave here, trying to make it. Here is the guide I’ll be following.
Requirements >Live with your parents >Have a wageslave job that’s 25-30 minutes away >Don’t go to college >Be less than 30 years old but older than 18 >Own phone, computer, and car >Literally that’s it. If you don’t have this, GG, god has cursed you. May you have a painless suicide.
The plan Because you’re a wageslave, you are dumb and lazy. That’s a fact. Accept it as a fact as the way I do, nothing more, nothing less. Now that out of the way… >Invest 60% of your paycheck to 45/55, TMF/TQQQ. Or 10/90, TMF/TQQQ if you have high-risk tolerance (I do). >the other 40% of your paycheck goes to whatever needs you have to fill such as food, gas, clothing, splurges etc. >wait 5-10 years, outperforming regular investors >every so often, pull out some of your gains to dabble with options and crypto >that’s it
This won’t get you rich quick, but it’s better than having that money sit in the bank. Additionally, you don’t have to be smart or go to college—just wageslave away to riches
Sick blog post my man but youre just preaching to the choir. 10x your money over 10 years is not the same as 10x in 1 year. Anyone can invest in an etf and wait but i want to double my money in a month, every month for 10 years.
Carson Ortiz
that's exactly the point of using options and crypto
Kevin Stewart
$1 to 200k with vanguard index investor, in only 10 years. What kind of bullshit is this
Asher Wilson
forgot to include that this model uses 1k deposits every month
Nicholas Thompson
Why do you have a weekly XLF put but a bunch of long XLF calls?
Jack Parker
what's your salary user? overall impressed with the discipline.
John Miller
It was a hedge against FED talk. It was successful, would have made an easy 200, but I can’t day trade, so I couldn’t sell 24k after taxes I don’t go to college I live with my parents The only things I ever pay is food, gas, and books
Ayden Garcia
Give me the rundown on options. Does it matter which stocks I pick to buy? What risk level do you usually take?
Cameron Brown
Options offer 100x leverage for “free.” Example, instead of outright owning 100 stocks/etfs which could cost you thousands, a single option which carries 100 stocks could cost you hundreds. You make money by selling a higher premium.
What stocks/etfs you buy 100% matters for options. Pick shit, get smothered by it. Pick safe ones, get tiny-dick returns. Pick risky ones, either big returns or big shitter
My risk level is equivalent of getting gut-punched by a horse kick.
Brandon Morales
Good to know, I’m gunna give it a try with a few hundred and see how shitty I do. So after I purchase a call it says I’m in que till tomorrow. What’s that mean?
John Martinez
user you might be retarded. I went from 2k to 100k in 2 years trading alts. If I listened to you I’d make half that. Poorfags need as much leverage as possible while putting all eggs in one really good basket
Gabriel Robinson
I’m not spoon feeding you everything. Watch some YouTube videos about it, read investopedia articles about it, get actual experience daytrading/swing trading
Kevin Jones
Sounds like a great way for me to lose all my money but let’s do it. Thanks user
Evan Davis
Agreed that poorfags need as much leverage as possible. And good on you for making 100k, really I mean it, you’ll make it in a year or so, perhaps sooner. This strategy is simply for the lazy and retarded (me) who wants to do the barest minimum possible while still getting money.
Henry Davis
With options, yes you will lose money, but have the potential to win big.
But with TMF/TQQQ portfolio, it’s a guaranteed money maker that surpasses unleveraged portfolios, despite it taking years.
Owen Walker
>100x leverage Op for fucks sake you need to have a lobotomy if you don't understand that 100x goes both ways. You can lose your entire life savings e.g. $1,000 turns into -$100,000
Justin Brooks
you are simulantenously wrong and correct
wrong, because otm options expire worthless if the strike price isn't met. additionally, you can sell before the strike price, thus making a potential of 100-1000% returns
correct, that if your call option expires itm, you get assigned, and thus you have the obligation to pay. This is good news if you actually do have the capital, but is bad news if you don't.
Christopher Jackson
Wouldn't you get rekt in a bear market?
Bentley Reed
meant write sell before expiry, not strike price
Nathaniel Edwards
I pretty much fit the criteria although I have an accounting and finance degree (boomer parents forced me) only 22 and saved up £10k to invest so far. Could work for me since I save like 70% of my wage each month
Aaron Hughes
Also OP, are you saying you made 1 million from investing 1k every month for the last 10 years? I used a compound interest calculator and this works out to 35% interest every year - why isn't everyone doing this?
Jonathan Moore
using options, yes you will get raped in a bear market
using TMF/TQQQ, yes and no. It's literally the boomer portfolio, but with leveraged etfs.
yes, because it's a bear market.
no, because if you are young, just keep buying and holding until not in a bear market. Shit, if there is a bear market and then recovers, you'll be enjoying 1000% returns
the pic related is a model that uses market data from that time scale, then shows you the result. The model shows that if someone did buy TMF/TQQQ 1k a month for ten years straight, yes, they would have made 1 million.
pic related 2 is my current portfolio
Kayden Collins
Noone seems to care about etf decay, but its real. Spy dipped 30% in march, which left it 40ish% from recovery. 3x leveraged SPXL dipped 90%, leaving it 120% from SPY recovery, but needing 1000% to recover fully.
Alexander Mitchell
very much true that i'm ignoring etf decay on TQQQ, but that's why one of the requirements for the portfolio is to be less than 30 years old, but older than 18, so that you can weather the decay.
"decay" is the wrong word to use because it assumes that the leveraged etf won't ever recover, except that it does recover and does not decay. if anything, it should be "longer recovery"
Carter Hernandez
Whats the big deal about qqq? Just means you believe the market will go up that’s basically it? Let’s say I have 300k should I be putting it all into qqq?
Landon Perez
The gamble you make is that the kind-of risk parity allocation overcomes the effect of volatility decay. Hedgefundie is still up significantly this year, but congratulations to them and OP; you found a /smg/ portfolio that I'm not willing to touch. I'll just NTSX and chill with the part of my portfolio that's allocated to "boring" money.
Robert Jackson
>not holding SWAN in taxable and PSLDX in retirement
