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ยป **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
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post 1646246223 09-02-2021, 12:46 PM
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#7351
  1. thatsnarf
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Originally Posted By SouthDakotaBrah
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
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.

just canceled my order. i transferred some money over to start scaling in.
post 1646246433 09-02-2021, 12:51 PM
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#7352
  1. SouthDakotaBrah
  2. SUPERNOVA
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Originally Posted By thatsnarf
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.
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.
post 1646247363 09-02-2021, 01:05 PM
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#7353
  1. thatsnarf
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Originally Posted By SouthDakotaBrah
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.
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%
post 1646247523 09-02-2021, 01:07 PM
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#7354
  1. SouthDakotaBrah
  2. SUPERNOVA
  1. SouthDakotaBrah
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Originally Posted By thatsnarf
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%
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/
post 1646248233 09-02-2021, 01:15 PM
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#7355
  1. thatsnarf
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Originally Posted By SouthDakotaBrah
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/
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

ill check that tool when i have more time. tks
post 1646248443 09-02-2021, 01:17 PM
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#7356
  1. Harry362
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  1. Harry362
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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
post 1646248533 09-02-2021, 01:19 PM
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#7357
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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Originally Posted By TugOfPeace
I didn't expect UPST and DOCS to hit new ATHs today.
Literally the perfect companies.

Sucks they seem like they won't dip tho.
post 1646248603 09-02-2021, 01:20 PM
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#7358
  1. Elias373
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JFL if you aren't selling your poop to buy more PLTR

https://www.cnn.com/2015/08/26/healt...ine/index.html
post 1646248723 09-02-2021, 01:22 PM
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#7359
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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Originally Posted By Harry362
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
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.
post 1646248963 09-02-2021, 01:25 PM
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#7360
  1. OT2000
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Originally Posted By Harry362
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
Try DIK or FGT.
I probably banged your mom.

Eat the whole animal like a real man.
post 1646249103 09-02-2021, 01:27 PM
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#7361
  1. Elias373
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Originally Posted By Harry362
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
NKLA
go ballz deep
they are woke as fuark
you will make billions
post 1646251523 09-02-2021, 02:09 PM
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#7362
  1. thatsnarf
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Originally Posted By OT2000
Try DIK or FGT.
giggled.
post 1646251613 09-02-2021, 02:10 PM
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#7363
  1. MinisterOfLust
  2. ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ
  1. MinisterOfLust
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Originally Posted By Harry362
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 happened to Suncor?
post 1646251713 09-02-2021, 02:12 PM
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#7364
  1. Harry362
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Originally Posted By MinisterOfLust
What happened to Suncor?
I sold it at a $25,000 loss recovered 3k


What are your positions? I will buy puts on all of them
post 1646259173 09-02-2021, 04:08 PM
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#7365
  1. lntense
  2. ร
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Forte Biosciences




Pharma plays of peace lmao
post 1646259433 09-02-2021, 04:12 PM
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#7366
  1. mikusk
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Dat feel when everyone is making money but you still holding bags since march, fuk me
post 1646260283 09-02-2021, 04:27 PM
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#7367
  1. mikusk
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Originally Posted By TugOfPeace
Not sure if this is even worth buying into at $5.75, seems like it could tank more. Any chance of recovery?
their only drug in their pipeline failed trials, there is nothing left there, I think its over, would stay away
post 1646263433 09-02-2021, 05:27 PM
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#7368
  1. HMFIC_BROWSIN
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Originally Posted By TugOfPeace
They still have like $50.8 million cash though, I'm curious if it's reasonable to expect a bounce, would be easy $
just LOL
post 1646265023 09-02-2021, 05:57 PM
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#7369
  1. HMFIC_BROWSIN
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  1. HMFIC_BROWSIN
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Originally Posted By TugOfPeace
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.
Cool. At this rate you'll be the richest person on earth within a year.

Rule of 72 strikes again.

Love this chit so much.
post 1646265263 09-02-2021, 06:01 PM
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#7370
  1. Venom08
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I made a quick $250,000 flipping calls today lol
post 1646267193 09-02-2021, 06:36 PM
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#7371
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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Originally Posted By TugOfPeace
I'm sure the rule of 72 struck down all the newly minted stock market millionaires since the pandemic started last year
Rule of 72 brings me back to earth. Just LOL @ me if I ever imagine I'll match my +112% on any consistent basis.

Even 20% is unreasonable.

Compounding is the true GOAT
post 1646267973 09-02-2021, 06:55 PM
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#7372
  1. MinisterOfLust
  2. ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ๐Ÿ‘ฝ
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Originally Posted By Harry362
I sold it at a $25,000 loss recovered 3k


What are your positions? I will buy puts on all of them
Hehehe... I know what you did there.
post 1646271113 09-02-2021, 07:56 PM
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#7373
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Anyone not investing for the long term in Russia and China starting yesterday is behind the times.
post 1646271793 09-02-2021, 08:08 PM
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#7374
  1. Lefticle
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Originally Posted By Venom08
I made a quick $250,000 flipping calls today lol
No you didnโ€™t
Always Neg Back Crew.
post 1646272553 09-02-2021, 08:20 PM
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#7375
  1. HMFIC_BROWSIN
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Can't wait to see what levels of euphoric exuberance we get tomorrow.
post 1646279243 09-02-2021, 10:49 PM
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#7376
  1. SipNPiz
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Referred another friend to HOOD maybe Iโ€™ll get a free V share like my buddy did
STEM Wagie Brah
Oil/commodity based trader
post 1646286973 09-03-2021, 04:35 AM
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#7377
  1. Slamt
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Originally Posted By Venom08
I made a quick $250,000 flipping calls today lol


at least post the paper gains
Originally Posted By Venom08
Anyone not investing for the long term in Russia and China starting yesterday is behind the times.
well, RIP BABA longs

venom going long and buying calls, fkin lol, this should end well.
post 1646287773 09-03-2021, 05:10 AM
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#7378
  1. camaleom
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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
post 1646288593 09-03-2021, 05:43 AM
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#7379
  1. Elias373
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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.
RIP BABA Longs because they haven't realised they don't actually own BABA lmfao
post 1646292023 09-03-2021, 07:08 AM
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#7380
  1. dankydank
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JFL at these job numbers. One of the worst ever. We running up 1% on SPY on no volume I guess
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