RE: LeoThread 2024-10-16 17:28

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My plan to become rich

  • Job pays for monthly expenses, retirement, leisure and healthcare
  • Play Poker and earn $4k/month
  • Invest monthly in my Brokerage account in MMF (4.5%Y). Use this collateral to sell PUTs on stocks I like.
leofinance
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Work the plan! Tweak the plan as needed. 😜

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Indeed! Then I 20x my money yearly and I become the richest man in under 2 decades!

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You must be an amazing poker player... are you? :)

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I like to think of myself that way! Probably just a good recreational player. I do have a job to pay for my bills though :).

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You just casually said "play poker and earn $4k/month" :)

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I currently live in a very high cost of living area so $4k is a good amount of money but not as much as in 95% of the world and if I play poker 35 hours a month, I think I can achieve this consistently.

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To add on Number 3. I started in March 2024 with $15k in Money Market Funds to use as collateral and during these 7 months, I earned more than $4k selling PUTs and buying one call (+26% Performance).

I got lucky so far and I understand a big market crash could wipe a lot of the performance Year To date but I do have risk controls in place.

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