Since a lot of us here have expressed interest in not starving to death in a gutter, I figured I'd start a weekly thread to discuss financial matters.
Ground Rules
- Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
Jump in the discussion.
No email address required.
Notes -
I don't have decades of experience, but have outperformed for the past 6ish years, with a combination of a few high conviction bets (tempered by a number of duds), luck, and discipline to dump a significant percentage of gains back into the market rather than doubling down every time.
Selling options and market making have positive expected returns, since you're basically providing a service (you're basically selling insurance and providing liquidity), but in the former you're explicitly taking on extra risk, and for the latter you'd need to find a niche market to operate in, because the big ones are crowded by actors with way better economies of scale.
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