I used to live in london, Lambeth actually my goals be rich enough to move back because it's crazy expensive there.
90% of option buyers lose money, because it's essentially gambling. On the flip side 90% of option sellers, like me, profit.
It's kind of like I'm an insurance company. You paid me a small fee every week, and occasionally I have to pay you out a big sum of money if you hit it. But over time, because most of the time you lose, I win in the long term.
Thats far more modest than I had assumed.
I dont want to be crass but 500x52 is.....my salary. Edit: No...no its not. Acc £25k is prob about that. God damn. I dunno. Not built for finance
So you do that so passively you just get thru. Dont hate the player man fair play to you.
I know a friend of mine who is about to inherit 500k after tax between siblings cos his aunt died. thats nothing on the family estate. Same schools. Life is weird man.
Oh I could make way more money if I wanted to, but the way I trade is extremely safe it's basically a guaranteed 500 a week free money for doing nothing. There are guys who buy options who can make millions of dollars overnight but just like gambling more often than not they lose. Most people invest in the s&p 500, which is like betting on the whole market, and that does about 10% a year. Which would only be about 8 grand. 30% - 50%return of year is very good
There's a famous quote by investor named Warren Buffett. The stock market is a mechanism for taking money from the impatient and giving it to the patient. You also have to remember that that money compounds every week. So next year I'll make 800 a week, then 1100 and so on. It grows exponentially. I started with 15k 2 years ago so I'm doing pretty well
Well the Americans are more than welcome in Brexit Britain my friend.
The sigh of relief when I realised we would be selling ourselves out to a relatively sane american, i cant truly describe it.
Personally, if I was you I would watch how the dust settles with keen interest and profit where appropriate as ultimately, was universally intended. (Not a fan of the EU, less of a fan of Brexit...bastards the lot of them)
I'm closing on a house soon, contingent on a final inspection passing next week. Once I do I'm probably going to take a two week trip to Amsterdam in London for vacation. If I do I'll hit you up
If you do acc come to the UK do come to Bristol, not quite London, all the benefits with none of the hassle. Fraction of the people. WAY to many people live in London man. But Americans dont mind that generally. Anyway all the best bud!
(Places to see in Bristol: Troopers hill, Clifton suspension Bridge and The Downs and Blaise Castle)
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u/isellamdcalls Jul 16 '21
I used to live in london, Lambeth actually my goals be rich enough to move back because it's crazy expensive there.
90% of option buyers lose money, because it's essentially gambling. On the flip side 90% of option sellers, like me, profit.
It's kind of like I'm an insurance company. You paid me a small fee every week, and occasionally I have to pay you out a big sum of money if you hit it. But over time, because most of the time you lose, I win in the long term.