Still think TITNC3: Return of the Iceberg was peak

It works as long as the S&P underlying value doesn’t tank. If the S&P goes down 20%.

 

It’ll recover

 

Debt should still be serviceable, I just might have to work part time for a year

 

If you get a milli loan and don't YOLO it into GME... you a nerd.

 

I wish I'd have thought of that at $30, not $200

 

Price is irrelevant! Haven’t you heard?

 

Price can be irrelevant all it wants. In the mean time I'm not forking out $5k a month to pay on a loan that just laughs at me while it waits to become relevant

 

You’ve gotta break a few eggs

 

Sorry to hear. I had to close some positions today that was looking bearish in the long position. Intel, coinbase, and Lucid. Thanks to the crypto rally, my overall portfolio isn't hurting too bad. LRC is the MVP, up +200% since I bought it.

EDIT: Today I bought more shares of VOE because its been a solid performer for me. Also I jumped into the Rivian IPO. Im going long position on that.

 

I’d half to get half my portfolio back to even begin to have money to loan

 

this is how the billionaires do it...well, slightly differently...but same concept

 

also, realized 800 bucks gain on RIVN, was then shooting for 1k, manage to piss it all away thinking it was gonna leg up again....yay me...

 

Hence the clamor for taxing unrealized gains.

 

smelled this b4.............................

U would be ‘ Naked ‘ to the market

NO bottom to Ur Risk

market goes south U r on the hook for full amount !!

NO limit to the down sized risk

 

buy protective puts? factor that into your loan/cash flow?

 

Don’t overthink it. The plan is flawless

 

That is quite simply not true lol. Well I mean, it could technically become true if every company in the S&P drops to zero, but I don't really see that happening.

Pls explain how a covered call ETF makes you naked to the market?

Follow-up question. What even is being naked to the market?