What are the top 10 Commandments of Options Trading Strategies

Options Trading/Strategies

App Icon Apple Books
Dive into a comprehensive AWS CCP CLF-C02 Certification guide, masterfully weaving insights from Tutorials Dojo, Adrian Cantrill, Stephane Maarek, and AWS Skills Builder into one unified resource.

AI Dashboard is available on the Web, Apple, Google, and Microsoft, PRO version

This blog is about the top 10 Commandments of Options Trading Strategies.

Options trading is a complex and often risky business. However, by following some simple rules, options traders can increase their chances of success while minimizing their losses.

Option strategies are the simultaneous, and often mixed, buying or selling of one or more options that differ in one or more of the options’ variables. Call options, simply known as calls, give the buyer a right to buy a particular stock at that option’s strike price. Conversely, put options, simply known as puts, give the buyer the right to sell a particular stock at the option’s strike price. This is often done to gain exposure to a specific type of opportunity or risk while eliminating other risks as part of a trading strategy. A very straightforward strategy might simply be the buying or selling of a single option; however, option strategies often refer to a combination of simultaneous buying and or selling of options.

Options strategies allow traders to profit from movements in the underlying assets based on market sentiment (i.e., bullish, bearish or neutral). In the case of neutral strategies, they can be further classified into those that are bullish on volatility, measured by the lowercase Greek letter sigma (σ), and those that are bearish on volatility. Traders can also profit off time decay, measured by the uppercase Greek letter theta (Θ), when the stock market has low volatility. The option positions used can be long and/or short positions in calls and puts.

Below are the 10 Commandments of Options Trading:

  1. Do your homework. Before entering into any options trade, make sure you understand the underlying security, as well as the risks and rewards associated with the trade.
  2. Have a plan. Options trading is not a get-rich-quick scheme. Carefully craft a plan that takes into account your investment goals, risk tolerance, and time horizon.
  3. Use stop-loss orders. A stop-loss order is an order to sell an asset when it reaches a certain price point—the point at which the loss on the trade would become too great to bear. By using stop-loss orders, options traders can limit their losses on any given trade.
  4. Let winners run. Once an options trade is profitable, resist the urge to take profits too early. Instead, let the trade run its course and reap the full rewards of a successful trade.
  5. Cut losers short. On the other hand, when an options trade is going against you, don’t be afraid to exit the position and take your losses. Trying to “fight” the market will only lead to further losses.
  6. Manage your risk exposure. One of the most important aspects of successful options trading is managing risk exposure. Make sure you don’t have too much of your portfolio invested in any one security or sector. Diversification is key to mitigating risk in options trading (or any kind of investing).
  7. Use limit orders. A limit order is an order to buy or sell an asset at a specific price—the price at which you are willing to enter into the trade. By using limit orders, options traders can better control their risk exposure and avoid getting caught up in volatile markets.

8 . Be patient . Patience is a virtue in all aspects of life, but it’s especially important in options trading . Don’t enter into trades just because you’re feeling antsy—wait for opportunities that meet your investment criteria . And once you’ve entered into a trade , resist the urge to “trade emotionally” and instead let your original analysis play out . Over-trading is one of the biggest mistakes options traders can make .

9 . Stay disciplined. Like patience, discipline is also key to success in options trading . Once you’ve developed a sound investment strategy , stick to it ! Don’t let emotions influence your trades — if anything , emotion should be kept out of trading altogether . The best way to do this is by developing a clear set of rules that you always follow when making trades . If you can do this , you’ll be well on your way to success as an options trader.

10. Have realistic expectations . Finally, it’s important to have realistic expectations when trading options . Remember : there are no guaranteed winners in options trading ! Every trade involves some degree of risk, so don’t expect to win every single time. If you approach each trade with reasonable expectations and focus on long-term success, however, you’ll be well on your way to becoming a successful options trader


AI Unraveled: Demystifying Frequently Asked Questions on Artificial Intelligence (OpenAI, ChatGPT, Google Gemini, Generative AI, Discriminative AI, xAI, LLMs, GPUs, Machine Learning, NLP, Promp Engineering)
What are the top 10 Commandments of Options Trading Strategies

Furthermore:

  • Thou shall always take 100% daily gains or 200% all time gains.
  • Do not fall into temptation and buy during the first 30 minutes of market open. (Selling positions is still permitted)
  • Thou shall not buy calls on green days.
  • Thou shall not buy puts on red days.
  • Avoid greed and do not buy consecutive options on 1 company.
  • Give thyself at least 3 weeks time to play the option.
  • End your suffering and sell if down 50% all time on an option play.
  • Avoid gluttony and do not day trade options. (Swing trades allowed)
  • Be fruitful, multiply earnings and sell covered calls if holding any.
  • Celebrate and binge drink after big gains (or losses)
  • Off topic, but relevant – You absolutely need to be doing a 401k or IRA as well as investing in crypto: 401ks and IRAs offer fantastic tax advantages that straight investing does not. Also if you have an employer who matches you are leaving money on the table by not taking advantage of that. It’s foolish. Crypto is great and should definitely be in your portfolio but it should not be your whole portfolio.
    Sources:
    1- WallStreetBets
    2- Wikipedia

Options trading can be complex and risky business, but by following some simple rules traders can increase their chances of success while minimizing losses

Finance and Binance Breaking News – Top Stories

  • Inheriting farm
    by /u/bamfrozen (Financial Independence / Retire Early) on June 19, 2024 at 9:53 pm

    Inheriting a farm with about a half mile of road frontage on a busy highway >70000 cars per day. The road front is currently zoned as agricultural (not agricultural preservation) What would it take to subdivide this bit of land on the highway and find a commercial tenant? There are other commercial tenants in this same area. Located in Maryland. submitted by /u/bamfrozen [link] [comments]

  • 2 days until bongillionaires
    by /u/andrewbiochem (wallstreetbets) on June 19, 2024 at 9:51 pm

    Friday expiry 5000 call contracts in the MSOS mememe industry. submitted by /u/andrewbiochem [link] [comments]

  • Loss Porn -$200,000
    by /u/Ok-Tooth-223 (wallstreetbets) on June 19, 2024 at 9:48 pm

    Can someone teach me how to trade? submitted by /u/Ok-Tooth-223 [link] [comments]

  • Why hold SPY, when you can hold SPXL? (That's SPY but 3x leveraged)
    by /u/Ok_Eagle8991 (wallstreetbets) on June 19, 2024 at 9:14 pm

    People who call leveraged ETFs like SPXL a 'wealth destroyer' are just too impatient. Here, I simulated SPXL all the way back to 1935, because the real SPXL only started in 2008. From the log chart, the ETF seems reliable over the long term, while vastly outgrowing SPY. It 10x'es every ~18 years (ignoring dividends), so put 10k in now, and be a millionaire in 36 years. With reinvesting dividends, it's 10x every ~16 years. Why not do this? https://preview.redd.it/m857xcmtil7d1.png?width=1882&format=png&auto=webp&s=0d5ce86865debd8681a7b1fac5c520f85d500694 submitted by /u/Ok_Eagle8991 [link] [comments]

  • Rebalancing taking effect this 6/21.
    by /u/Androcles_InTheSky (wallstreetbets) on June 19, 2024 at 8:30 pm

    XLK ETF with 72billion in assets is set to buy 10B worth of NVDA shares after market closing on Friday 6/21. XLK will be a forced seller of ~$11 billion worth of $AAPL and a forced buyer of almost $10 billion worth of $NVDA in a rebalance... assuming Nvidia remains larger than Apple at market close on Friday. XLK now holds 22% of APPL could be reduce to 4% XLK now holds 5.90% of NVDA could be increased to 22% There is nothing that APPL can do to prevent this. We might see huge movement in both stocks in Monday Pre market (6/24). Set up your positions. submitted by /u/Androcles_InTheSky [link] [comments]

  • What Are Your Moves Tomorrow, June 20, 2024
    by /u/wsbapp (wallstreetbets) on June 19, 2024 at 8:00 pm

    View Post submitted by /u/wsbapp [link] [comments]

  • What Net Worth (not income) in your opinion qualifies as "Rich" in the United States?
    by /u/UnluckyNet2881 (Financial Independence / Retire Early) on June 19, 2024 at 7:08 pm

    Conducting a quick survey here on Reddit. submitted by /u/UnluckyNet2881 [link] [comments]

  • AMD bull case.
    by /u/Itchy_Brain6340 (wallstreetbets) on June 19, 2024 at 7:01 pm

    There is a massive bull case for AMD this year. Xilinx acquisition is going to help them hone their software to catch up to Cuda. Lisa is all hands on deck right now to catch up. They copied nvidia’s roadmap and are releasing GPU’s yearly to match Nvidia release schedule. She keeps saying we’ll keep you updated as the year goes on about guidance updates for AI revenue, right now it’s at 4 billion, already revised upwards by 0.5 billion at last earnings. High chance it gets revised up again at the next one in July. She said they have supply to deliver “significantly” more than 4 billion if demand is there. Meta and msft are already confirmed buyers. Msft ceo has hyped the shit out of mi300. stock is going back up to 200 by end of year but you guys ignore this and keep trying to chase nvidia to 4 trillion submitted by /u/Itchy_Brain6340 [link] [comments]

  • The Japanese stock market bubble of the late 80's
    by /u/Maestroszq (Financial news and views) on June 19, 2024 at 6:30 pm

    submitted by /u/Maestroszq [link] [comments]

  • Dell, Super Micro providing server racks for xAI's supercomputer
    by /u/-bbypluto (wallstreetbets) on June 19, 2024 at 6:04 pm

    $DELL $SMCI $TSLA submitted by /u/-bbypluto [link] [comments]

  • BYON DD and Insider Trading - 1 month swing trade
    by /u/RelevantAside_ (wallstreetbets) on June 19, 2024 at 5:59 pm

    Background: I have been looking into insider trades around the stock BYON. I noticed some patterns regarding insider buys and the subsequent stock performance. Findings: Holy shit these guys (the insiders) are really fucking good at timing their own stock. Who would've known? Also note that the filings are released within 48 hours so there's very little delay on a longer scale. Plotted their buys over the past 5 years below (The ticker used to be OSTK before around October, 2023) Insider buys, BYON, last 1 year I can't add more than one attachment, but the 5 year chart is more of the same. Insiders had cluster buys in March 2020 (500% increase in 5 months!) and November 2020 (100% increase in a month!) Positions: I'm buying shares for this, and maybe a couple long dated calls (17.5c, Sep 20 expiry). Setting stop loss at 10.00 for shares. TLDR: BYON insiders are godlike at determining the bottom. I am following their trades on a 1-3 month swing trade horizon. submitted by /u/RelevantAside_ [link] [comments]

  • Boeing CEO David Calhoun says he's 'proud' of the company's safety record
    by /u/Weak-Concern-828 (wallstreetbets) on June 19, 2024 at 5:53 pm

    submitted by /u/Weak-Concern-828 [link] [comments]

  • NASA, Boeing delay Starliner astronaut landing to June 26 amid thruster issues
    by /u/ISeeYourBeaver (wallstreetbets) on June 19, 2024 at 3:01 pm

    submitted by /u/ISeeYourBeaver [link] [comments]

  • $134,903 gain in 30 days from Nvidia shares. $50k more in Robin Hood calls. Riding this train as long as I can.
    by /u/shamblingman (wallstreetbets) on June 19, 2024 at 2:41 pm

    submitted by /u/shamblingman [link] [comments]

  • learn to take profits
    by /u/chrisdelaris (wallstreetbets) on June 19, 2024 at 2:05 pm

    aint no shame 30% gains ytd. Mostly nvda shares and playing earnings. submitted by /u/chrisdelaris [link] [comments]

  • Top Dollar: Why the Dominance of America’s Currency Is Harder Than Ever to Overturn
    by /u/ForeignAffairsMag (Financial news and views) on June 19, 2024 at 1:38 pm

    submitted by /u/ForeignAffairsMag [link] [comments]

  • NVDA ITM leap strategy payout
    by /u/give_me_of_dopamine_ (wallstreetbets) on June 19, 2024 at 1:14 pm

    Calls bought in Jan. submitted by /u/give_me_of_dopamine_ [link] [comments]

  • These will print
    by /u/noonmoon66 (wallstreetbets) on June 19, 2024 at 1:09 pm

    January 16, 2025 there will be a nuclear attack and these will 10x submitted by /u/noonmoon66 [link] [comments]

  • Follow up post -HPE should double in value this year
    by /u/jjfehir (wallstreetbets) on June 19, 2024 at 1:02 pm

    I am still holding my calls and now even more so believe in HPE. They said in their earnings they closed a contract with MSFT to be their AI systems supplier and just announced “Nvidia AI computing by HPE”, that has to be what they are referencing. If the then biggest company in the market liked that product before it was announced to the world and decided to jump in with them then my statement remains. In what world does their partnership with the now biggest company in the market, together selling a range of “turnkey AI integration” products to the other biggest companies in the market and the US Gov not double or triple their valuation. They are poised to have a shot at being an industry leader and now have the products and contracts to prove it. Not trying to be bullish just because I made a gamble on Aug calls before earnings. I wanna know anyone’s real bearish opinions on them. Edit: musk sucks a little but he will be heading tsla now for a while since everything got approved, he also mentioned needing to start sourcing AI integration systems from Nvidia for helping his auto drive functions. Sounds like in the next year him and other auto companies may jump on board buying from HPE submitted by /u/jjfehir [link] [comments]

  • Weekly Self-Promotion Thread - Wednesday, June 19, 2024
    by /u/AutoModerator (Financial Independence / Retire Early) on June 19, 2024 at 9:03 am

    Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in /r/financialindependence, and these posts are removed through moderation. This is a thread where those rules do not apply. However, please do not post referral links in this thread. Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely. Link-only posts will be removed. Put some effort into it. submitted by /u/AutoModerator [link] [comments]

  • Daily FI discussion thread - Wednesday, June 19, 2024
    by /u/AutoModerator (Financial Independence / Retire Early) on June 19, 2024 at 9:02 am

    Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

  • New Malaysia My Second Home Rules (retirement visa)
    by /u/new22003 (Financial Independence / Retire Early) on June 19, 2024 at 8:19 am

    The "new" rules for the Malaysia My Second Home (MM2H or MMSH) retirement visa were just released. It is meh compared to the programme from 10 years ago. TLDR $150,000 USD Fixed Deposit, can withdraw 50% of that for home purchase, health, etc, after approval. Application fee of RM1000 ($212 USD) 5 year visa, renewable. You can find the basic details here. https://www.thestar.com.my/news/nation/2024/06/17/what039s-new-for-the-mm2h-programme Also FYI the states of Sarawak and Sabah (Malaysian Borneo) are contesting the rules and will likely release their own versions with lower investment and a longer visa. Sarawak has had its own version for the past several years. Sabah was going to release their own version June 1 but the federal announcement changed that. submitted by /u/new22003 [link] [comments]

  • Learned to take profit!
    by /u/RevolutionaryPhoto24 (wallstreetbets) on June 19, 2024 at 6:33 am

    I started as buy and hold. Then discovered options, yay! Then Marge called. After the third time, I started taking profits and moving them to a ballast portfolio. A bit nervous and slow for a bit. Then confidence, feeling like I actually understand the greeks, but… mostly have massive gratitude for current market conditions. BUT! I THANK YOU GUYS MOST OF ALL, who taught me to take profit, size positions, and so much more. I am so grateful to you for your help. And the laughter and love. ♥️ Positions: a ton of different calls, on all sorts of ideas (some illiquid and other errors) Steady SPY calls with occasional puts (based on the chart over a few days.) Random momentary wins are represented, eg Game Store calls, bought that Tuesday and sold leading up to the livestream. I was “letting one ride,” a lot through this time. I have recently cut back on that - the situation would have to be spectacular going forward. Full list in my trading journal, i.e. WSB. Usually set sell orders at 30%, sometimes 20%, rarely watch (I have many positions for now.) Best of luck and much love to you guys. You make my days brighter. submitted by /u/RevolutionaryPhoto24 [link] [comments]

  • June 20 and June 21 are the 4th and 5th worst trading days of the year
    by /u/pttrader22 (wallstreetbets) on June 19, 2024 at 5:57 am

    This upcoming Thursday, June 20th, and Friday, June 21st, have the WORST 5-day average returns of any day outside of three days in late September. This is based on over 70 years of stock market data. The week including June 20-27 is the 2nd worst period of the year, down over 70% of the time. The QQQ has a gap to fill at $269. Many people will be caught on the wrong side of the market shortly. Since history sometimes repeats, I need some luck. I went almost all in on short-term QQQ and "the seven" PUTS over the next two weeks. Looking for 20X and rubbing that lucky rabbit's foot. https://preview.redd.it/bu7kktopxg7d1.jpg?width=936&format=pjpg&auto=webp&s=783e6d999c6851530023d75583f53b4ba9b0f74a sometimes repeats, submitted by /u/pttrader22 [link] [comments]

  • What are the benefits to after tax or Roth in-plan conversion at work?
    by /u/holistictales (Financial Independence / Retire Early) on June 19, 2024 at 4:53 am

    Found out my company offers something called "after-tax and Roth conversion" outside of the $23k I contribute to a 401k. What would be the benefits to doing this? If my income is too high to get a Roth contribution tax deduction, does it make sense to do this or is this "Roth conversion" different than the Roth IRA accounts where there are income limits to contribution? In other words, appreciate help translating the info below as if I'm five 🙂 Traditional after-tax contributions allow you to contribute the IRS limit for pretax and Roth after-tax contributions. You can make traditional after-tax contributions at any time—either while making pre-tax and Roth contributions or starting after reaching the pretax and Roth after-tax IRS limit. If you choose to start after-tax contributions, after you’ve reached the IRS limit for pretax and Roth after-tax, you can have your 401(k) payroll contributions automatically converted to traditional after-tax money You can convert all or a portion of your pretax and/or traditional after-tax savings to Roth money within the 401(k) plan - you can even set up automatic conversions. You’ll owe ordinary income tax on the pretax money converted to Roth in the tax year of the conversion. If you convert after-tax money to Roth, you’ll owe taxes on the earnings in the year in which the conversion is made (unless you setup auto conversion). Taxes must be paid from assets outside of the 401(k) plan. submitted by /u/holistictales [link] [comments]

  • If I only knew then,… NVDA
    by /u/jaeggernaut1 (wallstreetbets) on June 19, 2024 at 4:13 am

    I bought a bit of NVDA about 7 years ago when they announced that they wanted to be the chip maker that ran autonomous cars. I thought that was the next big thing so I bought a small stake. Who knew AI would take off. If only I added a zero to my purchase. I’m only posting because an 18,000% gain is …bananas. submitted by /u/jaeggernaut1 [link] [comments]

  • Did…. Boeing just expose Agent 47?
    by /u/RedditorsAreGoofy (wallstreetbets) on June 18, 2024 at 11:33 pm

    submitted by /u/RedditorsAreGoofy [link] [comments]

  • Can you help me find this book on the down side of generational wealth?
    by /u/avheuv (Financial Independence / Retire Early) on June 18, 2024 at 10:58 pm

    There was a book that I read several years ago that was written by a financial manager who worked with several (very) wealthy families. The book provided specific stories about those levels of wealth were harmful or destructive for those families. I cannot for the life of me remember the name of this book. Does anyone know what it is called? Edit: Thanks for the suggestions. I haven't seen it listed yet. This book does not contain any advice for building generational wealth, but more stories about various families. One story I recall is of an older woman looking out from her beach house over a group of young people having a BBQ on the beach. Her reflection was that she was lonely with her family only interested in her wealth. (In case that rings a bell.) Edit 2: Fables of Fortune - https://www.amazon.com.au/Fables-Fortune-What-Rich-People/dp/1937110125 submitted by /u/avheuv [link] [comments]

  • I got my question into Slate's Pay Dirt about convincing my spouse to FIRE - again
    by /u/permanent-vacation25 (Financial Independence / Retire Early) on June 18, 2024 at 8:52 pm

    Two years ago, I got my question answered in Slate's Pay Dirt column. Here's my FI post about it: I got my question into Slate's Pay Dirt about convincing my spouse to FIRE Well, apparently it was an interesting question, because the recently answered another version that I had submitted. Based on the ages, I would have submitted it two years ago as well (since we're 47 and 45 now) and they dug it out of their mailbox to answer it last month. Personal finance: My wife and I finally saved enough for early retirement. Now she wants to throw it away. (slate.com) I wouldn't say a lot has changed in two years. In the first question, you can see we had about $3 million saved in retirement accounts. Now it's up to $4 million between continued contributions and growth. I asked my workplace for a 12 week sabbatical. After a lot of hemming and hawing, they granted me 4 weeks of unpaid time off. I took it as well as burned my covid-banked PTO, taking about 11 weeks off total for the year. We went multiple vacations, some fabulous and some low-key. My wife and I spent one week going to happy hours every day while the kids were in a summer camp. And I just spent a couple weeks basically chilling at home. I didn't accomplish many of those house projects I mentioned in my question, but who's to blame me? With only two weeks to spare I couldn't waste it like that! The sabbatical/unpaid time off, while not as long as I would have liked nor nearly as long as commenters recommended, was quite helpful. It mostly cured my burnout. It helped me realize that there's no magic bullet. That even if I magically had 24 hours a day to do whatever I wanted, nothing would change about my life unless I change it. I haven't stopped working yet. Worse, when I wrote two years ago, I had the best manager I'd ever had. He left (retired, traveling and learning a new language and having lunch with a former coworker every week) and was replaced with a manager I do not particularly like. He's not the worst manager I've ever had and I am not the type of person to let a bad manager slow me down. Qualitatively, I think my wife is more open to the idea of me not working than she was two years ago. If nothing else, now she brings it up sometimes and not just me. And she doesn't complain when I bring it up like she did 3 years ago. submitted by /u/permanent-vacation25 [link] [comments]

  • 'Cisco replaces Microsoft as world's most valuable company' 3/25/2001
    by /u/greenchaos (wallstreetbets) on June 18, 2024 at 8:29 pm

    went back to check out headlines from the cisco era. was struck by how similar the discourse is. food for thought. Cisco overtaking Microsoft "certainly validates the networked economy that Cisco is revolutionising," said Brian Goodstadt, an analyst with the Standard & Poor Equity Group. Microsoft, while still a strong generator of corporate profits, generates much of its income from desktop applications and operating systems. While the Internet has boosted demand for Microsoft's products, Cisco, whose routers carry most of the traffic running over the network, is seen as a bigger beneficiary of its growth and its earnings gains have far outpaced Microsoft in recent quarters. Quite possibly, Cisco Systems, the biggest maker of equipment that powers the Internet, will become for the Internet what Microsoft Corp, the biggest software company, was for the personal computer. Judging by Cisco's market capitalisation, investors seem to believe that Cisco could become the technology standard bearer for Internet hardware. Microsoft, which was founded in 1975 and went public 11 years later, took 24 years to become the company investors value the most, but occupied that spot for less than one year. Analysts have said Cisco, which was founded in 1984 and went public in 1986, will likely remain top dog for much longer and has a shot at becoming the first firm ever to be worth $1 trillion. source submitted by /u/greenchaos [link] [comments]

  • Boeing CEO blasted by Senate panel: ‘It’s a travesty that you are still in your job’
    by /u/batyrshah (wallstreetbets) on June 18, 2024 at 7:56 pm

    submitted by /u/batyrshah [link] [comments]

  • What will she missed out on next
    by /u/RowAdditional1614 (wallstreetbets) on June 18, 2024 at 7:23 pm

    submitted by /u/RowAdditional1614 [link] [comments]

  • Kansas sues Pfizer, saying it misled the public over COVID-19 vaccine
    by /u/Careless-Funny9031 (wallstreetbets) on June 18, 2024 at 5:31 pm

    submitted by /u/Careless-Funny9031 [link] [comments]

  • NVIDIA is the biggest company in the world right now
    by /u/Yarob_2184 (wallstreetbets) on June 18, 2024 at 5:16 pm

    https://preview.redd.it/vc86zcv65d7d1.png?width=1467&format=png&auto=webp&s=5a065e731d101a3f0beb6727198f4af46c9ac738 NVIDIA just past Microsoft making it officially the biggest Largest Company by Market Cap submitted by /u/Yarob_2184 [link] [comments]

  • WHERE ALL MY DOGS AT?
    by /u/whomstdth (wallstreetbets) on June 18, 2024 at 5:02 pm

    1,175 $CHWY 6/21 25c. All contracts CLOSED. Thanks for playing submitted by /u/whomstdth [link] [comments]

  • Finally hit 100k after 5 years
    by /u/As7ro_ (wallstreetbets) on June 18, 2024 at 5:01 pm

    Just want to shout out my mom who let me live with her rent free for 2 years while I worked, allowing me to put all of my money into the stock market. If any of you get the chance to do this, DO IT. I haven’t worked in a year and I’m able to pursue full time school. Also shoutout to my buddy who argued and argued about AMD being a better buy than NVDIA. submitted by /u/As7ro_ [link] [comments]

  • The truth about purpose: a couple questions
    by /u/chefscounterfan (Financial Independence / Retire Early) on June 18, 2024 at 2:32 pm

    One of the things I've been trying to be very intentional about as I get close enough to make out the blurry likeness of financial independence in the not-too-distant future is the role and relative importance of purpose. There are so many stories out there of people who felt aimless once they'd reached the point they no longer had to work that I ask every person I can a) how relevant was having a purpose to you when you had to work, and b) now that you don't have to work, do you feel you need a life's purpose to be fulfilled? Many financially independent and/or retired people share their perspectives quite willingly. It's helpful because while the accumulation phase of preparing for independence is straightforward, the "what comes next" part in terms of psychological/emotional lens is less clear. Will I enjoy the things I think I will? Will we be able to go from a life tethered to our professions to one unmoored from what has been important for over three decades? Questions for the financially independent or already retired: Aside from family, what has your experience been like with the concept of having a purpose? Do you need one? Did you need a purpose beforehand? How have your thoughts evolved now that you are independent and/or retired? Thanks in advance. It seems to be one of the most challenging mental aspects of this journey and I'm grateful to have found a place where people are willing to share their experiences, wisdom and journeys. submitted by /u/chefscounterfan [link] [comments]

  • Taking time off in the middle
    by /u/aryastarkia (Financial Independence / Retire Early) on June 18, 2024 at 2:15 pm

    Net worth ~1m. ~500k Roth 401k, 300k home equity, 200k in company stock. I spend ~45k a year but could cut a decent bit , income is ~220k. 30 years old. I'm completely burned out. We've been through 5 senior directors in 6 months, I've had 4 direct managers in the past year and I've been working crazy hours on a project that is the number one company priority but my work isn't really valued by the new leadership team. I know it's frowned upon to quit a job without a new one lined up, but I was thinking about liquidating 100k in company stock, spending six months getting some rnr, traveling to visit family who live all over the world, and just focusing on personal growth (wrapping up some house projects, getting back into shape). I'm in software engineering if it matters. One side of me knows it could have high risk of re-entering the job market making significantly less, but I'm so burned out even if I job hop im not sure I will perform at my usual standards. Is it really that bad to take some time to travel and recharge before I jump into a new opportunity? submitted by /u/aryastarkia [link] [comments]

  • Which other financial subs have the best communities and mods, which ones have the worst?
    by /u/Frosty-the-hoeman (Financial Independence / Retire Early) on June 18, 2024 at 1:17 pm

    Something is going on over at HENRYFinance, where the mods are removing comments and banning folks for suggesting they might join another sub. I’m curious which finance related subreddits have the best communities & moderation to be a part of? Thanks! submitted by /u/Frosty-the-hoeman [link] [comments]

  • Getting Closer to Retirement Goals, why does it feel so weird?
    by /u/AcceptableQuarter554 (Financial Independence / Retire Early) on June 18, 2024 at 1:14 pm

    After we got married, my wife and I would discuss retirement goals where we wanted to figure out a way to retire well before we hit 65. Two kids in daycare peaking at 24k a year kind of acted as a rude awakening, but we chugged through it. We are at 4 years since our last kid left daycare, my wife picked up a substantial pay increase and we have been living with our cheap attitude gained from really lean years. Its obviously hard to talk about the ideas with family or friends who might not be in the same situation. We are at a 40%+ savings rate I know a lot of people talk about not spending more as you make more... somehow we did it. Started doing some vacations every few months, but those are usually 4k each all in. Right now we are in a LCOL/MCOL area, income is 195k gross, post tax maybe 170k in what we are able to spend or invest yearly. We max out her 401k (6% match), max out the HSA (1-2k company yearly) (its an investment account, we don't use it) and max out my yearly IRA. I was doing more traditional IRA, but I'm shifting to Roth currently. The rest funnels into savings where I keep about 15-20k on hand and the rest is invested in a post-tax account. Monthly expenses are comically low. Our 2200 sq ft home has a monthly payment of 900 after we pulled off a refi at 2.85%. One car payment at a time as we hold onto them for 6-8 years. On average we spend about 85-90k a year expenses all in, including a few vacations a year. We've bounced credit card deals for points and miles and have basically had free airfare for all our travel. No CC debt, like 2k left in student loans that are $76 a month, one car note and a mortgage sitting at 220k. The past few years the accounts have grown substantially. Felt like we were just getting over the 250k hump combined across all accounts a few years ago. Last year we were in the 300s, and at year end things had grown more than our combined incomes. We were at 500k this Jan, and right now we are at 750k. I know it won't grow that fast forever, but things have really helped to accelerate plans. The spread is 250k in a post-tax account, 500k across the tax advantaged accounts. We've allocated 18k per kid in 529s so far, and with 8 years left until the first hits college we should be able to cover a few years for them each. The main retirement goal is to reach a point where a 4-5% draw is around roughly what we spend. I think on current growth we might be solidly in that range in 5 years where my wife can scale back from her job to something more relaxing. I don't think we'd want to retire fully, so some employment will be in there and that will act as a buffer as we sort things out. For those who have set a retirement goal decade or more out and are finally seeing some light at the end of the tunnel... how do you prepare? Investment people I've spoken to really just fall into the category of how to grow money, or assume I don't have much to invest. Most are clueless though about the tax side of the equation. So far everything has been self-directed or self-researched. submitted by /u/AcceptableQuarter554 [link] [comments]

  • Daily FI discussion thread - Tuesday, June 18, 2024
    by /u/AutoModerator (Financial Independence / Retire Early) on June 18, 2024 at 9:02 am

    Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

  • HSBC Sees $250 Million of India Swap Deals Before JPM Inclusion
    by /u/bloomberg (Financial news and views) on June 18, 2024 at 8:23 am

    submitted by /u/bloomberg [link] [comments]

  • Non-Inflation Adjusted Pension - How to Factor into FI Number?
    by /u/LeeLifesonPeart (Financial Independence / Retire Early) on June 18, 2024 at 8:14 am

    I will receive a state pension that receives a non-compounding 2% increase every year. In other words, if the pension is $50k, then every year it increases by a flat $1k (2%), making it $51k in year 2, $52k in year 3, $53k in year 4, etc. There is a provision where if the purchasing power falls below 85% then they'll supplement the payout, but historically these have been rare, in spite of high inflation. For example, pensioners who retired in 2005 didn't see a supplemental payment until 2022. Given this, how would you factor the $50k pension into your retirement number? For instance, say you anticipate a standard 30-year retirement and want $100k in annual retirement income. Typically, the other $50k could be covered by a $1.25M portfolio with a 4% WR. But given that the pension will lose purchasing power over time, it seems like the portfolio number needs to be higher, but how much higher? How would you determine your FI number in this case? FYI, I do not pay into SS, so this is not a factor. Thanks in advance for your thoughts and advice! submitted by /u/LeeLifesonPeart [link] [comments]

  • If you plan to pay for your kids’ college, how much are you saving?
    by /u/trendy_pineapple (Financial Independence / Retire Early) on June 18, 2024 at 1:35 am

    Do you have a target number for their 529? Are you saving in a taxable account? Planning for financial aid? I’m planning to FIRE before my oldest goes to college primarily using a Roth conversion ladder, so our income and relevant assets will be pretty low. I’m not sure how much I should count on financial aid vs saving aggressively in 529s. Or perhaps saving in a taxable brokerage for more flexibility. How are others thinking about this? I know lots of people either want their kid to have skin in the game or don’t see the value of college at all, but this question is specifically for those people who are planning on paying for their kids’ college submitted by /u/trendy_pineapple [link] [comments]

  • Can’t tell anyone, just here for the GFYs
    by /u/Fragrant-Badger6608 (Financial Independence / Retire Early) on June 17, 2024 at 9:35 pm

    Long time DCA automatic investor, put my head down, went to work, raised a family, looked up 35 years later and my portfolio is over 2 million. My wife and I are 57yrs, 3 kids (1 college living at home, 1 college sharing apartment with roommate, 1 married with 2 grandkids and 3rd on the way). Here’s rest of the details: 82K cash 1.5M equity investments (Roth/401k) 640k real estate (115k remaining @3.6%) 50k annual pension 25k annual VA disability Currently making 170k annually (data scientist in defense consulting) and wife (teacher) 50k. Not looking for advice, just can’t seem to discuss with anyone. submitted by /u/Fragrant-Badger6608 [link] [comments]

  • Finally joined the 2 comma club at 35!
    by /u/bondsman333 (Financial Independence / Retire Early) on June 17, 2024 at 6:42 pm

    Finally made it! The big 1MM. I celebrated today by buying a new kindle - my old one wouldn't hold a charge. Had a 20% off coupon. I got married 2 weeks ago - so I actually became a millionaire when we signed the documents. But it had long been a goal of mine to reach 7 figure net worth on my own and I can finally say I have done so. A brief snapshot: Checking: 26K HYSA: 22K 401K: 378K Roth IRA: 196K Taxable: 353K HSA: 28K TOTAL: 1.03MM (I do not include real estate, which is about 200K equity) Backstory: I failed out of college in 2009. I blame immaturity - I was babied my whole life and moved 500 miles away. I joined a fraternity and cared way more about beer and girls than grades. My first 2 years were easy enough - but junior year came around and I was in for a rude awakening. My parents welcomed me back home with many conditions. I had a curfew, was not allowed to drink, had to ask permission to use the car, had to get a job and had to go back to school. I was so embarrassed- I was a smart kid in my high school with straight A's and now I'm bagging groceries for my friend's parents. I went to a local community college and re-took some classes in engineering. Found a groove and kept on pushing. After 3 semesters I transferred into state school and finally finished with a BS in Mechanical Engineering in 2012. I got my first job as a CAD technician getting paid 50K. Soul sucking job. Moved in with some friends at a really cheap apartment. Most of my friends made little money so we just hung out and played video games or went camping on the weekends. I started saving 15% from my very first paycheck. After a few years I wanted something else- so I figured why not try grad school. My alma matter had a Plastics Engineering program that sounded interesting. I kept working full time and taking as many classes as I could. These were dark times because I had zero social life. But I was determined not to fail again. I got my MS in Plastics Engineering in 2017. I immediately got a new job offer at 80K and amazing benefits. Free healthcare, 10% 401k matching, bonuses, ESPP - the works. Unfortunately that job only lasted 3 years until Covid hit and we were all laid off. Between unemployment and severance I came out just fine. Found a new job 3 months later and been there ever since. Currently making 125K after some raises, but benefits are much worse. How I got here Aggressive investing. I bought a lot of tech stocks and SPY. I maxed out my 401k and roth IRA from 2014 onwards. I had a net zero budget - after all my bills were paid and my e-fund funded, every dollar went into the market. I lived WAY below my means which was significantly easier a decade ago. I had roommates until 2019, as many as 5 at a time. I drove used cards until I couldnt anymore. I mostly gave up drinking so I never went out for the sake of going out. I like cooking so I made 95% of my meals at home. Packed a lunch every day. Whats next If you asked me 4 years ago, I would tell you my plan was to retire at around age 40 with 1.5MM and a paid off house in a LCOL area. That all changed when I met my now wife. Luckiest man on the planet. She brought in another ~500k into the relationship. We have a house and a dog and are now trying for kids. I am planning on taking some time off from work if/when we do as my partner's career involves significant travel. I am quite burned out and my current job is not going well. Benefit of living this 'lifestyle' is that I am not overly concerned about it. Our current combined NW is around 1.7MM. Our goal is 7MM at age 50 (15 years) - but that goal shifts every so often. Who knows what the future will bring. Thanks for listening. submitted by /u/bondsman333 [link] [comments]

  • Best place to park international allocation given 175% FPL cliff
    by /u/Moist_Young2620 (Financial Independence / Retire Early) on June 17, 2024 at 1:28 pm

    TLDR: Given the significantly higher yield of intl and the 175% FPL cliffs for FAFSA and ACA, is it better to park your international allocation in a retirement vehicle rather than your brokerage account? Longer Version: Long time lurker. First time poster. Haven't really seen this addressed elsewhere. I am ~50% to our number and have always put my ~30% intl allocation (a drag that I've come to terms with) into our brokerage account to take advantage of the tax credit. Ultimately we'll land well into chubby but probably not the moving goalposts of fatfire. The dividend yield on our brokerage account is already about $18k which is ~35% of the 175% FPL limit for our family. Given: How beneficial it is to stay below the 175% FPL (who knows what it will be when I retire) VXUS yields about 2.4x what VTI does in dividends We're already filling up 35% of that important 175% FPL cliff We will spend say $75k more than the $54.6k 175% limit Should I be moving our future international asset allocation to some retirement vehicle? I do mean future in that I don't intend to sell the brokerage holdings but make smarter decisions moving forward. The $75k in additional spend will certainly not all be income but I imagine there is some AGI in there with capital gains and such. I intend to manipulate as best I can. Few relevant data points: $18k in brokerage dividends last year 32% federal bracket filing jointly Current asset allocation: 100% equities - 72% US, 28% Intl Account breakdown: 50% brokerage, 26% pretax, 24% roth Retirement Timeline: 8 years out assuming consistent contributions and 5% real return submitted by /u/Moist_Young2620 [link] [comments]

  • Daily FI discussion thread - Monday, June 17, 2024
    by /u/AutoModerator (Financial Independence / Retire Early) on June 17, 2024 at 9:02 am

    Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

  • Moronic Monday - June 17, 2024 - Your Weekly Questions Thread
    by /u/AutoModerator (Financial news and views) on June 17, 2024 at 5:01 am

    This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. Replies are expected to be constructive and civil. Any questions about your personal finances belong in r/PersonalFinance, and career-seekers are encouraged to also visit r/FinancialCareers. submitted by /u/AutoModerator [link] [comments]

  • New job offer ($43k increase + promotion) that requires a move to a HCOL city
    by /u/CastOfSNL (Financial Independence / Retire Early) on June 17, 2024 at 3:57 am

    Hey all! Longtime lurker, first time poster in the sub. I've recently received a job offer from a company that would bump up my total comp from $98K a year living in a LCOL city, to $140k a year ($125k base and $15k annual bonus) that would be a promotion from my current role. The catch is that it would require me to move to a HCOL city (D.C.). I've been thinking about the pro's and con's from a FIRE perspective and from a life experience perspective, but would love any insight from others who have had a similar opportunity present itself! Please let me know if you see any glaring errors or things I should be accounting for. Other info: Single and in my mid 20's, with the hope to achieve FIRE within the next 20 years. Current job is fully remote, but the new job would be 4 days in office 1 WFH. I've been passed over for promotion in my current role and don't see a clear path to advancing my career in my current company. Currently able to save/invest roughly $3.4K a month/$40.8K annually (inclusive of 401k, taxable brokerage and adding to savings) after rent, utilities, groceries/eating out, etc. I believe I'd be able to save/invest $4.4K a month/$52.8K annually even with the increase in rent and other expenses (a $12K increase in savings/investments). Here's my current monthly budget for my LCOL city: Gross Income: $8,107 Pre Tax 401K Contribution: $1,865 Total Taxes: $1,594 Net Income: $4,648 Rent + Utilities: $1,829 Groceries + Eating out: $700 Savings/Emergency Fund: $500 Roth IRA Contribution: $500 Brokerage Contribution: $500 Miscellaneous Bills/Insurances/Gas/Etc: $600 Total Invested/Saved = $3400 ($40.8K annually) Here's my projected monthly budget for my HCOL city (D.C.) based on average rents and perceived increases (but please let me know if there's something else I should be accounting for)! Gross Income: $11,666 Pre Tax 401K Contribution: $1,867 Total Taxes: $3,087 Net Income: $6,712 Rent + Utilities: $2,520 ($2300 base rent + $220 utilities) Groceries + Eating out: $1000 (increase by $300 from LCOL to account for new experiences/costs) Savings/Emergency Fund: $500 Roth IRA Contribution: $500 Brokerage Contribution: $1500 (increase of $1000 from LCOL) Miscellaneous Bills/Insurances/Gas/Etc: $600 Total Invested/Saved = $4400 ($52.8K annually, a $12K increase) submitted by /u/CastOfSNL [link] [comments]

Ace the 2023 AWS Solutions Architect Associate SAA-C03 Exam with Confidence Pass the 2023 AWS Certified Machine Learning Specialty MLS-C01 Exam with Flying Colors

List of Freely available programming books - What is the single most influential book every Programmers should read



#BlackOwned #BlackEntrepreneurs #BlackBuniness #AWSCertified #AWSCloudPractitioner #AWSCertification #AWSCLFC02 #CloudComputing #AWSStudyGuide #AWSTraining #AWSCareer #AWSExamPrep #AWSCommunity #AWSEducation #AWSBasics #AWSCertified #AWSMachineLearning #AWSCertification #AWSSpecialty #MachineLearning #AWSStudyGuide #CloudComputing #DataScience #AWSCertified #AWSSolutionsArchitect #AWSArchitectAssociate #AWSCertification #AWSStudyGuide #CloudComputing #AWSArchitecture #AWSTraining #AWSCareer #AWSExamPrep #AWSCommunity #AWSEducation #AzureFundamentals #AZ900 #MicrosoftAzure #ITCertification #CertificationPrep #StudyMaterials #TechLearning #MicrosoftCertified #AzureCertification #TechBooks

Top 1000 Canada Quiz and trivia: CANADA CITIZENSHIP TEST- HISTORY - GEOGRAPHY - GOVERNMENT- CULTURE - PEOPLE - LANGUAGES - TRAVEL - WILDLIFE - HOCKEY - TOURISM - SCENERIES - ARTS - DATA VISUALIZATION
zCanadian Quiz and Trivia, Canadian History, Citizenship Test, Geography, Wildlife, Secenries, Banff, Tourism

Top 1000 Africa Quiz and trivia: HISTORY - GEOGRAPHY - WILDLIFE - CULTURE - PEOPLE - LANGUAGES - TRAVEL - TOURISM - SCENERIES - ARTS - DATA VISUALIZATION
Africa Quiz, Africa Trivia, Quiz, African History, Geography, Wildlife, Culture

Exploring the Pros and Cons of Visiting All Provinces and Territories in Canada.
Exploring the Pros and Cons of Visiting All Provinces and Territories in Canada

Exploring the Advantages and Disadvantages of Visiting All 50 States in the USA
Exploring the Advantages and Disadvantages of Visiting All 50 States in the USA


Today I Learned (TIL) You learn something new every day; what did you learn today? Submit interesting and specific facts about something that you just found out here.

Reddit Science This community is a place to share and discuss new scientific research. Read about the latest advances in astronomy, biology, medicine, physics, social science, and more. Find and submit new publications and popular science coverage of current research.

Reddit Sports Sports News and Highlights from the NFL, NBA, NHL, MLB, MLS, and leagues around the world.

Turn your dream into reality with Google Workspace: It’s free for the first 14 days.
Get 20% off Google Google Workspace (Google Meet) Standard Plan with  the following codes:
Get 20% off Google Google Workspace (Google Meet) Standard Plan with  the following codes: 96DRHDRA9J7GTN6 96DRHDRA9J7GTN6
63F733CLLY7R7MM
63F7D7CPD9XXUVT
63FLKQHWV3AEEE6
63JGLWWK36CP7WM
63KKR9EULQRR7VE
63KNY4N7VHCUA9R
63LDXXFYU6VXDG9
63MGNRCKXURAYWC
63NGNDVVXJP4N99
63P4G3ELRPADKQU
With Google Workspace, Get custom email @yourcompany, Work from anywhere; Easily scale up or down
Google gives you the tools you need to run your business like a pro. Set up custom email, share files securely online, video chat from any device, and more.
Google Workspace provides a platform, a common ground, for all our internal teams and operations to collaboratively support our primary business goal, which is to deliver quality information to our readers quickly.
Get 20% off Google Workspace (Google Meet) Business Plan (AMERICAS): M9HNXHX3WC9H7YE
C37HCAQRVR7JTFK
C3AE76E7WATCTL9
C3C3RGUF9VW6LXE
C3D9LD4L736CALC
C3EQXV674DQ6PXP
C3G9M3JEHXM3XC7
C3GGR3H4TRHUD7L
C3LVUVC3LHKUEQK
C3PVGM4CHHPMWLE
C3QHQ763LWGTW4C
Even if you’re small, you want people to see you as a professional business. If you’re still growing, you need the building blocks to get you where you want to be. I’ve learned so much about business through Google Workspace—I can’t imagine working without it.
(Email us for more codes)