8 ms·
let me take a guess you can tell me if I'm warm or cold. assuming you risk 10% on your broker's account with 90% tied up in fixed income or t-bills or stocks.
by f430 6y ago
let me take a guess you can tell me if I'm warm or cold.
assuming you risk 10% on your broker's account with 90% tied up in fixed income or t-bills or stocks.
assuming you stand to make 100,000 USD per month selling far OTM options presumably on indices or blue chips.
you are worth $10 million and above.
- arolihas 6y agoIf he’s feeling that much stress he’s probably risking more than just 10%.
- sombremesa 6y agoThat's right! It'd be more like 50% (of my N.W.) risked. Haven't had time or motivation to move assets anywhere so 90% of my money is in taxable brokerage.
- f430 6y agowait so you keep most of your money on something like Interactive Brokers??? I guess when they give you better rates than any retail banks this makes sense.... but I'd feel nervous even with 2FA.
- sombremesa 6y agoIt's not actually money, it's securities. I use Schwab. With cash, I prefer to put it in Marcus, but their rates have really gone down so much I need to look into private banking.
- deleted 6y ago[deleted]