6 ms·

Can you elaborate on how one can use call options to make a 200K/year job a 'waste of time'?

by Iolaum 5y ago

jason-phillips 5y ago
I believe he's referring to the widely recognized truism where money printer go brrrrr and stonks only go up.
fdgsdfogijq 5y ago
The fed keeps printing money and inflating assets. You can generate 200k a year much easier by "risking" it in the markets. You are wasting your life for a pittance that can be made easily in the markets. This is how rich people think, its only the lower classes that somehow think they are being paid a fair wage
- whimsicalism 5y ago
  The wage of the average professional worker cannot be made "easily" in the markets by someone with the wealth of the average professional worker. There are a lot of people trying to spread the idea that making tons of money off of the stock market is "easy." My guess is that this is in part encouraged by the market makers. Lots of dumb people who think they can get rich off of options make for good arbitrage opportunities.
- pram 5y ago
  I dunno about that. Even if you could make consistent gains, most people probably don't have the disposition to trade options long term. It's extraordinarily stressful and definitely a ticket to an early grave. A 200k IT job is a lot easier lol
  - deleted 5y ago
    [deleted]
AnotherGoodName 5y ago
Borrow the maximum you can and invest it. There's very little interest to pay on loans right now and has been for about 13 years now. In the meantime assets have skyrocketed in value. Unless there's a change in policy and a crash is allowed it won't change. Put all the money into old fashion shares and housing. No need to risk it on options or anything like that. Hindsight shows the stock market has more than doubled in 10years and interest has been at <3% for even small players in that time. Those who borrowed after the 2008 crash needn't work today. Now this is of course hindsight. But the conditions that allowed this to continue for 13 years are still ongoing which is a cause for alarm.
- pedrosorio 5y ago
  > Borrow the maximum you can and invest it > Unless there's a change in policy and a crash is allowed it won't change. And if a crash is allowed, declare bankruptcy, unable to get a mortgage in the foreseeable future and go back to work (with the same income, if you can), right?
  - AnotherGoodName 5y ago
    I acknowledge the risk and the hindsight. My belief is that with so many playing this game and a precedent of too big to fail any hint at a correction will be met with even more QE to counteract it at this point. It's a gamble on policy and could go wrong but it does have some thought put into it.

Can you elaborate on how one can use call options to make a 200K/year job a 'waste of time'?

by Iolaum 5y ago

Can you elaborate on how one can use call options to make a 200K/year job a 'waste of time'?

jason-phillips 5y ago

I believe he's referring to the widely recognized truism where money printer go brrrrr and stonks only go up.

fdgsdfogijq 5y ago

The fed keeps printing money and inflating assets. You can generate 200k a year much easier by "risking" it in the markets. You are wasting your life for a pittance that can be made easily in the markets. This is how rich people think, its only the lower classes that somehow think they are being paid a fair wage

whimsicalism 5y ago
The wage of the average professional worker cannot be made "easily" in the markets by someone with the wealth of the average professional worker. There are a lot of people trying to spread the idea that making tons of money off of the stock market is "easy." My guess is that this is in part encouraged by the market makers. Lots of dumb people who think they can get rich off of options make for good arbitrage opportunities.
pram 5y ago
I dunno about that. Even if you could make consistent gains, most people probably don't have the disposition to trade options long term. It's extraordinarily stressful and definitely a ticket to an early grave. A 200k IT job is a lot easier lol
- deleted 5y ago
  [deleted]

AnotherGoodName 5y ago

Borrow the maximum you can and invest it. There's very little interest to pay on loans right now and has been for about 13 years now. In the meantime assets have skyrocketed in value. Unless there's a change in policy and a crash is allowed it won't change. Put all the money into old fashion shares and housing. No need to risk it on options or anything like that. Hindsight shows the stock market has more than doubled in 10years and interest has been at <3% for even small players in that time. Those who borrowed after the 2008 crash needn't work today. Now this is of course hindsight. But the conditions that allowed this to continue for 13 years are still ongoing which is a cause for alarm.

pedrosorio 5y ago
> Borrow the maximum you can and invest it > Unless there's a change in policy and a crash is allowed it won't change. And if a crash is allowed, declare bankruptcy, unable to get a mortgage in the foreseeable future and go back to work (with the same income, if you can), right?
- AnotherGoodName 5y ago
  I acknowledge the risk and the hindsight. My belief is that with so many playing this game and a precedent of too big to fail any hint at a correction will be met with even more QE to counteract it at this point. It's a gamble on policy and could go wrong but it does have some thought put into it.