4 ms·
These comments are right on! Options are great, if you take the time to learn about them & spend time making very small bets with them as you learn. If you use
by adabyron 4y ago
These comments are right on! Options are great, if you take the time to learn about them & spend time making very small bets with them as you learn.
If you use them correctly, they can reduce your risk & increase your upside. I've been learning & using them for a few years as kind of a side hobby. My small options portfolio has outperformed my index fund retirement portfolios that I don't touch in good times & bad.
I wouldn't recommend them though for anyone who needs to read the above article or anyone who doesn't invest a lot of time learning about options & keeping up to date with the companies they're investing in, the overall market & upcoming events that will adjust the mark.
Though I do agree with the article that the goal of options is usually not to get rich but to decrease your downside & possibly add a small amount of income.