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The math isn't exactly hard on this. A person who can reliably make double digit returns monthly or quarterly could literally start with $100 and become rich.
by rurp 5y ago
The math isn't exactly hard on this. A person who can reliably make double digit returns monthly or quarterly could literally start with $100 and become rich.
- vineyardmike 5y ago> start with $100 and become rich Practically speaking, this isn't that easy. Most people don't have hundreds lying around to invest, especially not in risky trades. Also, options (what is being discussed) are often a lot more than $100 - Eg. Opening Robinhood rn shows me AAPL options around 150 whhile GOOGL options are 2k+ while AMZN is 3k+. Even if someone is very confident in a stock movement (and realistically, its obviously not guaranteed), thats a lot of money for the average person, especially when they could lose it. You have to be somewhhat well-off to stomach multi-thousand dollar losses - especially at the start. (also earnings are 1 per quarter)
- tedunangst 5y agoUhm, strike prices are not option prices.
- vineyardmike 5y agoOoops yes. Read to quickly. Options prices are still often out of price range of common people, especially considering the risk.