Forum
ยป
More General Categories
ยป
Education/Career/Finance
ยป **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
09-02-2021, 11:46 AM
#7351
Originally Posted By SouthDakotaBrah⏩
it was you. the thread was about some guy who wanted to move to SEA with only 150k or something and somebody suggested QYLD to LDAR and collect his 1500k/month. it caught my eye because it seemed like a good place to park funds since i didn't need anytime soon, but then you chimed in.
that was me brah - you are losing money in the long run (srs)
If you need the 1% monthly yield for financial independence, you don't have enough capital. If you are actually spending the money from QYLD's 1% monthly yield, you have big financial problems (inflation will destroy your purchasing power). And you won't be growing your capital very well having it invested in a covered call ETF. You're better off in the long run investing in VOO… sacrificing overall return for cashflow isn't worth it (QYLD is also less tax-efficient than VOO - so not only are you making half the return, you're also getting taxed slightly more on the return you do get)
Long term return from QYLD is roughly half that of VOO
If you need the 1% monthly yield for financial independence, you don't have enough capital. If you are actually spending the money from QYLD's 1% monthly yield, you have big financial problems (inflation will destroy your purchasing power). And you won't be growing your capital very well having it invested in a covered call ETF. You're better off in the long run investing in VOO… sacrificing overall return for cashflow isn't worth it (QYLD is also less tax-efficient than VOO - so not only are you making half the return, you're also getting taxed slightly more on the return you do get)
Long term return from QYLD is roughly half that of VOO
tks man. i just want something stable making "some" money. i know VOO is something you set and leave it be as well.
just canceled my order. i transferred some money over to start scaling in.
Quote
09-02-2021, 11:51 AM
#7352
Originally Posted By thatsnarf⏩
Basically, when you sell a covered call, you sacrifice future appreciation upside for cash today. It's a useful tool if you need cash NOW, but you sacrifice long-term return. Not worth it IMO, just not a very efficient way to utilize your capital to generate a return.
it was you. the thread was about some guy who wanted to move to SEA with only 150k or something and somebody suggested QYLD to LDAR and collect his 1500k/month. it caught my eye because it seemed like a good place to park funds since i didn't need anytime soon, but then you chimed in.
tks man. i just want something stable making "some" money. i know VOO is something you set and leave it be as well.
tks man. i just want something stable making "some" money. i know VOO is something you set and leave it be as well.
If somebody actually tried to move to a foreign country with only $150k in QYLD, they might get by for a while, but their capital would erode quickly. Their purchasing power would be lost to inflation and they would be in a much worse financial position after their extended vacation and they are forced to work again for income.
- SouthDakotaBrah
- SUPERNOVA
-
- SouthDakotaBrah
- SUPERNOVA
- Join Date: Jul 2012
- Location: Kansas City, Missouri, United States
- Age: 30
- Posts: 9,351
- Rep Power: 86,402
-
09-02-2021, 12:05 PM
#7353
Originally Posted By SouthDakotaBrah⏩
i see. 150k is like a 20% down on a house here in LA. I have other short and long term positions as well and thought it would have been "okay, good enough" enough for me. Just didn't want to tamper with that set amount.
Basically, when you sell a covered call, you sacrifice future appreciation upside for cash today. It's a useful tool if you need cash NOW, but you sacrifice long-term return. Not worth it IMO, just not a very efficient way to utilize your capital to generate a return.
If somebody actually tried to move to a foreign country with only $150k in QYLD, they might get by for a while, but their capital would erode quickly. Their purchasing power would be lost to inflation and they would be in a much worse financial position after their extended vacation and they are forced to work again for income.
If somebody actually tried to move to a foreign country with only $150k in QYLD, they might get by for a while, but their capital would erode quickly. Their purchasing power would be lost to inflation and they would be in a much worse financial position after their extended vacation and they are forced to work again for income.
after comparing what you said.
VOO 1 month market return was 2.45% compared to QYLD 1.28%
3 month was 5.46% compared to 2.5%
6 month was 19.32 compared to 4.49%
YTD was 36 % compared to 5.67%
09-02-2021, 12:07 PM
#7354
Originally Posted By thatsnarf⏩
Granted the past 6 months have been GREAT for VOO, but yeah, covered calls chit the bed when the market actually climbs (and historically, the market generally climbs… at least over the long term)
i see. 150k is like a 20% down on a house here in LA. I have other short and long term positions as well and thought it would have been "okay, good enough" enough for me. Just didn't want to tamper with that set amount.
after comparing what you said.
VOO 1 month market return was 2.45% compared to QYLD 1.28%
3 month was 5.46% compared to 2.5%
6 month was 19.32 compared to 4.49%
YTD was 36 % compared to 5.67%
after comparing what you said.
VOO 1 month market return was 2.45% compared to QYLD 1.28%
3 month was 5.46% compared to 2.5%
6 month was 19.32 compared to 4.49%
YTD was 36 % compared to 5.67%
Here's another tool to compare total returns including dividend reinvestments
https://dqydj.com/etf-return-calculator/
- SouthDakotaBrah
- SUPERNOVA
-
- SouthDakotaBrah
- SUPERNOVA
- Join Date: Jul 2012
- Location: Kansas City, Missouri, United States
- Age: 30
- Posts: 9,351
- Rep Power: 86,402
-
09-02-2021, 12:15 PM
#7355
Originally Posted By SouthDakotaBrah⏩
Yeah, that's what scares me. we're in "weird" times right now. afraid to just drop in a big amount and the "pullback" that everybody has been talking about for YEARS now happens. lol
Granted the past 6 months have been GREAT for VOO, but yeah, covered calls chit the bed when the market actually climbs (and historically, the market generally climbs… at least over the long term)
Here's another tool to compare total returns including dividend reinvestments
https://dqydj.com/etf-return-calculator/
Here's another tool to compare total returns including dividend reinvestments
https://dqydj.com/etf-return-calculator/
ill check that tool when i have more time. tks
09-02-2021, 12:17 PM
#7356
Cashed out all my stocks. Looking to invest in companies with a progressive agenda
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
09-02-2021, 12:19 PM
#7357
Originally Posted By TugOfPeace⏩
Literally the perfect companies.
I didn't expect UPST and DOCS to hit new ATHs today.
Sucks they seem like they won't dip tho.
Spoiler alert; you die at the end.
- HMFIC_BROWSIN
- Buy high, sell higher.
-
- HMFIC_BROWSIN
- Buy high, sell higher.
- Join Date: Feb 2009
- Location: Arizona, United States
- Posts: 54,668
- Rep Power: 334,109
-
09-02-2021, 12:20 PM
#7358
JFL if you aren't selling your poop to buy more PLTR
https://www.cnn.com/2015/08/26/healt...ine/index.html
https://www.cnn.com/2015/08/26/healt...ine/index.html
He/Him/Bro
Let's go Brandon!!
Spectrum crew
Pureblood crew
PLTR moon crew
09-02-2021, 12:22 PM
#7359
Originally Posted By Harry362⏩
Most woke companies operate under a big investment conglomerate. Hence the lack of vision, and lack of awareness on how their sales are doing or who their customers are.
Cashed out all my stocks. Looking to invest in companies with a progressive agenda
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
Spoiler alert; you die at the end.
- HMFIC_BROWSIN
- Buy high, sell higher.
-
- HMFIC_BROWSIN
- Buy high, sell higher.
- Join Date: Feb 2009
- Location: Arizona, United States
- Posts: 54,668
- Rep Power: 334,109
-
09-02-2021, 12:25 PM
#7360
Originally Posted By Harry362⏩
Try DIK or FGT.
Cashed out all my stocks. Looking to invest in companies with a progressive agenda
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
I probably banged your mom.
Eat the whole animal like a real man.
09-02-2021, 12:27 PM
#7361
Originally Posted By Harry362⏩
NKLA
Cashed out all my stocks. Looking to invest in companies with a progressive agenda
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
go ballz deep
they are woke as fuark
you will make billions
He/Him/Bro
Let's go Brandon!!
Spectrum crew
Pureblood crew
PLTR moon crew
09-02-2021, 01:09 PM
#7362
Originally Posted By OT2000⏩
giggled.
Try DIK or FGT.
09-02-2021, 01:10 PM
#7363
Originally Posted By Harry362⏩
What happened to Suncor?
Cashed out all my stocks. Looking to invest in companies with a progressive agenda
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
What companies out there have big upside that are linked to LGBTQ+, open borders, climate change, defund police, and other progressive agendas? Thanks
- MinisterOfLust
- ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ
-
- MinisterOfLust
- ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ
- Join Date: Aug 2003
- Location: United States
- Posts: 51,453
- Rep Power: 688,208
-
09-02-2021, 01:12 PM
#7364
Originally Posted By MinisterOfLust⏩
I sold it at a $25,000 loss recovered 3k
What happened to Suncor?
What are your positions? I will buy puts on all of them
09-02-2021, 03:08 PM
#7365
Forte Biosciences
Pharma plays of peace lmao
Pharma plays of peace lmao
09-02-2021, 03:12 PM
#7366
Dat feel when everyone is making money but you still holding bags since march, fuk me
09-02-2021, 03:27 PM
#7367
Originally Posted By TugOfPeace⏩
their only drug in their pipeline failed trials, there is nothing left there, I think its over, would stay away
Not sure if this is even worth buying into at $5.75, seems like it could tank more. Any chance of recovery?
09-02-2021, 04:27 PM
#7368
Originally Posted By TugOfPeace⏩
just LOL
They still have like $50.8 million cash though, I'm curious if it's reasonable to expect a bounce, would be easy $
Spoiler alert; you die at the end.
- HMFIC_BROWSIN
- Buy high, sell higher.
-
- HMFIC_BROWSIN
- Buy high, sell higher.
- Join Date: Feb 2009
- Location: Arizona, United States
- Posts: 54,668
- Rep Power: 334,109
-
09-02-2021, 04:57 PM
#7369
Originally Posted By TugOfPeace⏩
Cool. At this rate you'll be the richest person on earth within a year.
well, I made 40% profit on shares and 400% profit on calls after SLQT dropped last week in a similar fashion, although that was due to poor earnings.
Rule of 72 strikes again.
Love this chit so much.
Spoiler alert; you die at the end.
- HMFIC_BROWSIN
- Buy high, sell higher.
-
- HMFIC_BROWSIN
- Buy high, sell higher.
- Join Date: Feb 2009
- Location: Arizona, United States
- Posts: 54,668
- Rep Power: 334,109
-
09-02-2021, 05:01 PM
#7370
I made a quick $250,000 flipping calls today lol
09-02-2021, 05:36 PM
#7371
Originally Posted By TugOfPeace⏩
Rule of 72 brings me back to earth. Just LOL @ me if I ever imagine I'll match my +112% on any consistent basis.
I'm sure the rule of 72 struck down all the newly minted stock market millionaires since the pandemic started last year
Even 20% is unreasonable.
Compounding is the true GOAT
Spoiler alert; you die at the end.
- HMFIC_BROWSIN
- Buy high, sell higher.
-
- HMFIC_BROWSIN
- Buy high, sell higher.
- Join Date: Feb 2009
- Location: Arizona, United States
- Posts: 54,668
- Rep Power: 334,109
-
09-02-2021, 05:55 PM
#7372
Originally Posted By Harry362⏩
Hehehe… I know what you did there.
I sold it at a $25,000 loss recovered 3k
What are your positions? I will buy puts on all of them
What are your positions? I will buy puts on all of them
- MinisterOfLust
- ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ
-
- MinisterOfLust
- ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ๐ฝ
- Join Date: Aug 2003
- Location: United States
- Posts: 51,453
- Rep Power: 688,208
-
09-02-2021, 06:56 PM
#7373
Anyone not investing for the long term in Russia and China starting yesterday is behind the times.
09-02-2021, 07:08 PM
#7374
Originally Posted By Venom08⏩
No you didnโt
I made a quick $250,000 flipping calls today lol
See title.
Always Neg Back Crew.
09-02-2021, 07:20 PM
#7375
Can't wait to see what levels of euphoric exuberance we get tomorrow.
Spoiler alert; you die at the end.
- HMFIC_BROWSIN
- Buy high, sell higher.
-
- HMFIC_BROWSIN
- Buy high, sell higher.
- Join Date: Feb 2009
- Location: Arizona, United States
- Posts: 54,668
- Rep Power: 334,109
-
09-02-2021, 09:49 PM
#7376
Referred another friend to HOOD maybe Iโll get a free V share like my buddy did
STEM Wagie Brah
09-03-2021, 03:35 AM
#7377
Originally Posted By Venom08⏩
I made a quick $250,000 flipping calls today lol
at least post the paper gains
Originally Posted By Venom08⏩
well, RIP BABA longs
Anyone not investing for the long term in Russia and China starting yesterday is behind the times.
venom going long and buying calls, fkin lol, this should end well.
09-03-2021, 04:10 AM
#7378
so what is gonna run today? I don't feel like working all day so looking for 2-5k easy quick morning lol
"Paper money is going away" - EM
09-03-2021, 04:43 AM
#7379
Originally Posted By Slamt⏩
at least post the paper gains
well, RIP BABA longs
venom going long and buying calls, fkin lol, this should end well.
at least post the paper gains
well, RIP BABA longs
venom going long and buying calls, fkin lol, this should end well.
RIP BABA Longs because they haven't realised they don't actually own BABA lmfao
He/Him/Bro
Let's go Brandon!!
Spectrum crew
Pureblood crew
PLTR moon crew
Bookmarks
- Digg
- del.icio.us
- StumbleUpon
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts