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Is there a difference between the kind of “short term investing strategies” you’re taking about and “get rich quick schemes?”
by 6gvONxR4sf7o 6y ago
Is there a difference between the kind of “short term investing strategies” you’re taking about and “get rich quick schemes?”
- deleted 6y ago[deleted]
- runawaybottle 6y agoYes. A 5-10 year investing strategy can make a down payment on a house realistic. That kind of stuff is laughed at by the put your money in a bunker until 65 crowd. I will not buy a house at 65, I’m sorry I won’t. You don’t have a plan for me. So I will look to other strategies.
- 6gvONxR4sf7o 6y agoCould you give an example or link? All I know is taking on more risk if you want the same amount (down payment), just sooner.
- runawaybottle 6y ago/r/thetagang Option wheeling strategies with modest amounts of capital (50-100k) to generate 1-4K a month. Wheeling is considered the most primitive strategy. There are others, along with your standard buying of leaps or general growth minded investments. There seems to be more to this than dumping it all in a 401k until you die.