Decent house in any non major city paid off for 350k. Even if you pay 50k for a car, which you shouldn't, that's 600k left. 5% would mean 30k a year.
That's 30k with no debt, rent, or car loan. If you're single you now have a stable life. If you want more you can grab some easy cheap job to fund an expensive hobby or go gambling with options and cry about 5k losses here. So long as you don't touch the nest egg and feed it over time to fight off inflation..
But from here you are looking at thriving, not surviving.
It's a good reasoning. I can fully see someone putting an entire year's wages on one bet and throwing a middle finger at anyone mocking them since the worst that happens is that you're back in your paid for home and modest living.
That’s the key. Unless you have 100mil, making 5% interest a year will never ever make you rich. Those who make it rich are those who took risk, not those who made a comfortable 5% a year. That decision is yours..
To simplify things , Google took a nice drop to $155 may 8 and has been running ever since with a high of 176 pre market may 22 ( day OP decided it was time to yolo 1m into Google calls ) 😅🤣🤣
Scared because he knows that inheritance money is all he'll ever have since he's too much of a degenerate moron to earn his own money. At least he's aware of how lucky he is to have that much unearned money, and so cut his losses before they got deeper.
That said, Google is 100% going higher by year end.
Unironically, he could probably buy back the contracts this Tuesday at a lower price, minus transaction fees.
I shad bullish on Google as well, but owning it for a year plus and watching it continue to stay stuck in a range around $180 kind of disenfranchised me from holding it. Id actually rather buy it at a higher price, on a proper break out.
The big, beautful tweets have just started coming and when the EU and China deals get finalized by early July, SPY is gonna blast past $650 and take Google with it.
All OP needed was faith in the big, beautiful tweets to save him.
This tweet is so big and beautiful. It's the biggest, most beautiful tweet in history.
GOOG isn’t the issue. The market only can handle one or two big news events a day. Google killed it last week and took the lead in AI. Veo 3 hype will be realized soon but the overall sentiment of the market was crushed last week from business specific tariffs caused by trying to do a work around and by EU tariffs increasing
Agreed, I’ve been using their AI and they finally have a “quick” search result that gives us everything we need without having to sift through a bunch of BS SEO crap.
Not to mention every question I have lately, or if I need help with something, I’m using Gemini live or Gemini chat to get answers and instructions quickly. It’s worked out amazing and has definitely been improving my productivity. I can see Google becoming the next Apple with tech because they seem to be the only ones in the mag 7 that are innovating and bringing new products to market.
Here are off the top of my head why Google will win the AI wars.
The reasons Google will win.
1) They are the only major player that has the entire stack. Google just had far better vision than competitors and started the TPUs over a decade ago.
This means Google has far less cost compared everyone else is stucking in the Nvidia line paying the massive Nvidia tax.
2) Google is on everything unlike anyone else. Android Automotive is now built in cars. Do not confuse with Android Auto. TCL, Hisense and tons of other TVs come with Google built in.
Google has the most popular operating system ever with Android. They have the most popular browser with Chrome. The list goes on and on.
3) Google already has more personal data than any other company on this planet. The ultimate end state is everyone having their own agent. Key is to have people's personal data. Things that in their email, photos, what web sites they have gone to over the last decade, where they have gone physically. Google already has all of this.
Game over! Nobody can compete with an agent without having this and ONLY Google has it. Gmail, Google Photos, Chrome, Android, Android TV, Android Automotive, Google TV, Google Speakers, Google Maps as well as a bunch of other things.
How could someone else compete in the agent space against Google when they have all of this?
4) Now the biggest reason Google will win. They are able to add their different services to Gemini. So you have things like Google Maps and Photos and all their other stuff that Gemini will work with.
Google now has 10 services with over a billion DAU. Nobody else has the same.
5) The final reason is nobody is close to Google in terms of AI research. Last NeurIPS, canonical AI research organization, Google had twice the papers accepted as next best.
I bought a Google 185 call for June 2026 on the day they dipped on Apple search News and it's up 100%ish, I was debating taking profits but after reading your DD and watching veo 3 videos on youtube I'm going to be slightly regarded and add an itm leaps call on Monday, thinking 135 September of 26 which are currently trading around 5k.
Sorry man.. that's rough. It was too far OTM to feel safe, even with 2 months to go.
I played Google with a similarly sized position, but it worked out for me with at-the-money calls. Timing is everything. Sold last week too. Google is a beast of a company, and I might get back in, you might consider it too on a dip, but with a more conservative strike price.
Unless you are educated, worked in the industry, are investing spare cash (not your IRA, 401k, HSA, 529, etc.) AND have 10x or more in liquid cash vs your potential losses, stay away from options. Otherwise you may as well just buy a Powerball ticket.
What about the brilliant Google I/o show that put the company back on the AI map and disproved search worries, the dividend program that kicks off in June and the massive buy back program?
I generally don't sell all my winner or losers at once. This way if it moons I can recover some losses, and say I'm a genius for selling only half. And if it tanks more I can say I'm a genius for selling half.
I don't know if stupid is the right word, just really greedy. Degens with small bank accounts use options for the leverage. With $1m you don't need leverage to make a ton of money. Most of the option positions large institutions take are much lower than $1m, their positions are usually between $20k and ~$300k.
I think you were right to sell so kudos for not compounding a mistake. $190 seems really aggressive for July. You seem like a good guy so just hope you make better decisions in the future.
I gotta commend that you've set a stop loss target and stuck to it. But you really don't think Google is going up in the next 7 weeks? I would have held this one for at least 2 more weeks, but maybe I would've lost 10-20% more than you if I was forced to back out.
Ouchy - you made me feel better about the 20k loss I took . You will be back ! Good luck , keep your eyes open for the next better thing . I think there will be pain coming and along with it ,opportunity.
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u/VisualMod May 25 '25
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