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It's not appropriate unless you're a multi-millionaire, and it's not that easy to transform yourself into one.
by downerending 7y ago
It's not appropriate unless you're a multi-millionaire, and it's not that easy to transform yourself into one.
- SilasX 7y agoYou don't need to be a multi-millionare to make money on options, I just recently cited someone who put a small amount (relative to a multi-millionare) to disproportionately profit from the market declines that weren't priced in. https://news.ycombinator.com/item?id=22526246 https://news.ycombinator.com/item?id=22526246
- Der_Einzige 7y agoI put 1000 in, but I could have put on 200$ in. Options are even MORE appropriate for the non super rich, because if you put a small amount of money in, you either win big or you lose it all. I'm fine with losing 200$ occasionally.