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2020 Investment Thread

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DesiDucati said:
So I now have a bunch of Tesla stock that are super low price now. I was expecting Battery Day was going to skyrocket. Obviously it didn’t. It’s slowing floating at 400. Can I make some money selling a put option for 450? There’s no chance on Friday it can go to that price right? So if on Friday the stock is below 450, I keep the money from selling the put option and I keep my Tesla stock still. Is that correct? If so, can I keep doing that every few weeks?
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Vegas is opening back up. So instead you should go there and blow your money -- at least you'll get some free drinks while you're going broke.

kingmoochr said:
Since this is the investment thread and not the day trading thread, please read the following:


Stop.







Just stop.


Close your robinhood account and hire a fiduciary before you light your money on fire. Do NOT trade options (or make any other investment decisions) after educating yourself on youtube.
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I'd suggest an intermediate step that involves opening a Schwab account and buying index ETFs and holding. Most "advisors" can't beat the S&P500 after expenses.
 
kingmoochr said:
Since this is the investment thread and not the day trading thread, please read the following:


Stop.







Just stop.


Close your robinhood account and hire a fiduciary before you light your money on fire. Do NOT trade options (or make any other investment decisions) after educating yourself on youtube.
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:thumbup
 
PS: Ignore my advice too, I got that put information all wrong.
 
afm199 said:
PS: Ignore my advice too, I got that put information all wrong.
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No way!:wow


All I can say is, the lessons learned while biting off more than you can chew stays with you. There's nothing that anyone else can say to discourage a risk-taker from taking on risk they will learn from on their own
 
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AwakeNAlive said:
No way!:wow


All I can say is, the lessons learned while biting off more than you can chew stays with you. There's nothing that anyone else can say to discourage a risk-taker from taking on risk they will learn from on their own
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:thumbup
 
I was sitting in a patio in Campbell for dinner and overhead the convo on the next table.

A group of 30-somethings were discussing investment strategies. One guy was saying that his Charles Schwab advisor told him to do options trading because it's the safest way to buy stock, since you don't have to actually buy it if the price goes the wrong way.

When I hear conversations like this, I'm pretty sure we are in a bubble.
 
DesiDucati said:
I heard this advice before too! So it is wrong?
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Horribly and terribly wrong. When you buy a stock, you own it. If it goes down and then back up, you own it. If it halves in value you own it. If it doubles, you own it.

When you buy options you buy the right to control shares of the stock for a short period of time. When the time period is over, you own nothing, unless your option happens to be a winner, then you own the right to exercise the option.
 
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mrzuzzo said:
I was sitting in a patio in Campbell for dinner and overhead the convo on the next table.

A group of 30-somethings were discussing investment strategies. One guy was saying that his Charles Schwab advisor told him to do options trading because it's the safest way to buy stock, since you don't have to actually buy it if the price goes the wrong way.

When I hear conversations like this, I'm pretty sure we are in a bubble.
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can i play devil's advocate and maybe suggest that he left out the context? it could be the safest investment vehicle to reach this guy's desired goal(s) on his desired timeline given his investment budget.

in the perfect storm, he's poor, with no savings, wanting to be a millionaire in a short amount of time and his charles schwab guy showed him the only path possible, high risk options parlay with russian roulette at the end. :laughing
 
Sorry for monster pics
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AwakeNAlive said:
i doubt that the story is true. schwab has a good reputation.
a fiduciary would never recommend that.
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Exactly. Especially since it's the best way to lose all your money.

I think a lot of people there days seem to think that option trading is some sort of lossless magic strategy, when it's the complete opposite.
 
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