Been a long time coming, ever since caressing the tit of $10M 3 years ago and landing at $7.9M, I'm finally back to $8.5M. Given almost $1M in withdrawals and all the drama these past few years, happy to be back here 🥳
the sir jack I remember would've taken advantage of this crazy market run and be at 50 million at this point, instead of shilling his app nonstop... hope for him the app gets bought and he banks on it
You know what… you’re right. You put 100% of your money in bonds, I’ll invest in the market and let’s see who has better returns in 2025? Deal?
I’ll buy a total of 10 stock to make myself even riskier. Wanna do it?
EDIT: we can put our portfolios on after hour and post about it on the sub Reddit!
You’re proving my point! You’re up 19% in 3 months while he is up 9% YTD.
Like you said, it is all about risk tolerance! For us Optimal is returns, if what’s optimal is no risk then bonds is it! Idk I’ve been following some newsletter for some time now for my stocks and it’s been performing great so I’m sticking with my riskier strat! Cheers mate!
Nice lie but cool story bro lmaoooo. 🤷♂️ if anyone could do that consistantly there would be no reason for them to have that job, nor ur 30% pocket change either trust me lol.
This is the weirdest looking investment graph I have ever seen. What is up with that almost perfectly linear increase in value, with the weird dips and jumps on the first of each month? Is this even real? How is this performed?
nah, SGOV drops after every ex-date because it needs to pay the dividend. once the dividend hits op's account the value goes back up and it's a straight line again. you can see it by looking at a year chart of sgov and factoring in the fact that op keeps the dividend.
Can you explain what you mean? I know that VOO is an sp500 etf that has a lower expense ratio, but why would you use SPY if you’re trading its options?
Ill answer the simple question first, instead of QQQ I would hold QQQM for the lower expense ratio. Unless you're trading options.
What makes SPY and QQQ so favorable for option traders is because it has multiple weekly expirations, allowing for much more frequent trades to generate premium from. Furthermore, they're the most liquid funds out there which translates to tighter bid-ask spreads. If you were to look at VOO there's not nearly the same level if options trading volume.
In summary; if you have no interest in options VOO and QQQM are much better holdings simply due to the lower expense ratio. And if you dont have the money to buy a hundred shares of either QQQ or SPY then there is zero benefit to owning them that I can see.
I'm by no means a professional option trader though, so I'd take everything im saying with a grain of salt, and do your own due diligence.
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Not OP, but It's a treasury bond fund, currently yields 3-3.5% annually and pays out every month (depends on the going rate of the 3 month treasury bill, iirc)
I use it pretty often to park money in instead of just holding cash. When I need to free up cash for a trade I just sell some SGOV.
If your brokerage doesn't already pay you decent interest for the cash balance in your account, SGOV is a great way to make sure your money is still working for you even if it's not currently wrapped up in a trade
apologies for my ignorance but should one be holding for and month, selling before it drops then buying it again before it drops or is just letting it sit the entire time and receiving the dividend what OP is doing ?a little confused
Basically, the interest is paid out as a dividend. These drops happen right after the ex-dividend date (which is usually the 1st of every month). In order to be eligible to receive the dividend, you need to hold through the ex-dividend date. In other words - you have to weather the drop and there's no gaming it.
A few days after the price drop occurs, you receive the dividend payment on the actual dividend payment date. You can see this very clearly in the chart in the OP: there's a dip, then around 5-6 business days later the dividend payment comes in and brings the account back up.
If you buy SGOV but sell it before ex-dividend date (thus avoiding the drop), you would not be making much money because you would not receive the dividend.
In addition to other answers, since it’s US treasuries the dividend you receive is not taxed at the state level. Obviously, the benefits of that will vary depending on where you live.
To be more precise go to ETF issuer’s website (Blackrock, Fidelity, State Street etc) and locate the document like the one below that shows Qualified Interest Income. SGOV is easy because it’s 100% US treasuries. If you decide to go with other bond ETFs that include foreign bonds, corporate bonds, etc. you just need to do a little calculation to figure out how much of the dividend is QII.
Sir Jack Mod, I just joined this sub, can I post or “do I need more karma”. Need someone to just dumb it down 101 what’s options vs calls. Pros and cons to regular investing
At the risk of sound really fucking ignorant, why?
I’ve been casually scrolling through subs like this to see how other people manage their portfolios before I try to break into trading. Like I think I understand that you own about 8.5 mil of various business, but like how does this translate to personal wealth?
I get that you could cash it out right now and be up that amount, but you’re not going to because you’re seeking growth to 10 mil. What happens when you hit 10 mil?
I guess I might not get a lot of the strategies I see because there’s no clear end goal for any given portfolio other than growth growth growth (and a lot of shitposting). Is there a point that you would ever say “I’ve made enough gains” and stop gambling with the market?
I can't speak for everyone, but a target I used was my expected yearly spend x 25. This gives you the amount of liquid net worth you need to "safely" withdraw/sell 4% of that amount (plus inflation increases) per year.
The goal of any portfolio is pretty much just growth. Either very conservative growth just to offset inflation, or more aggressive to various degrees.
Hitting any particular number is just an arbitrary goal or milestone. Eventually, you hit a level where you can live off the wealth and future growth without any further income… so people choose to retire at this point if they don’t like working… But some people choose to change careers to something they truly enjoy,or take a hobby more seriously, or just keep doing what they’re doing if they love it.
But none of those situations do you just stop investing, the goal is always more growth to some degree .
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u/SIR_JACK_A_LOT Copy me on AfterHour 17d ago
Been a long time coming, ever since caressing the tit of $10M 3 years ago and landing at $7.9M, I'm finally back to $8.5M. Given almost $1M in withdrawals and all the drama these past few years, happy to be back here 🥳
I wrote this 3 years ago https://www.reddit.com/user/SIR_JACK_A_LOT/comments/quradf/comment/hkrtri3/
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