Am I investing correctly?
Like a lot of people, I started investing during lockdown and work from home. But it hasn’t been long, so needed some advice. I try to ultra max out 401k and save Goog stocks. When the money is in my Roth IRA, I tend to buy call options or sell cash secured puts when the tech stock are down. My 401k has 180k. In my Robinhood + Charles Schwab, which has 75k, I tend to only trade on options, strategy include selling naked puts, covered calls and poor man’s covered call on tech stocks. (AAPL, V, FB, BABA, INFY, TTM, $VIX) I feel that I’m not investing correctly because I’m unaware of non tech stocks and focusing too much on 401k. When SPY was rising when QQQ was flat I was shocked lol. Any advice?
You’re asking too many questions. Just go with the flow.
Leave Robinhood stat. They don’t even own your stocks. Why else is transferring out such a nightmare. They’re scrambling to buy the stocks.
Totally false news from reddit
You are on right track. Personally I will sell google and buy some tech heavy etf. Not because google is bad but you are over invested in it. Close RH. It doesn't allow selling naked, not even csp with less collateral. It needs all cash for csp. Go with a proper broker like ibkr for selling options and make sure you get approved for selling naked. You will get 4x margin to sell, use as per your risk profile.
No, you are not investing correctly as you are still using Robinhood. Leave RH and then focus on 3/4 fund portfolio strategy for good portion of your fund and use the rest for theta play.
How do you sell naked puts on Robinhood, do they even let you do that? Mine are always collateralized CSP
Hey, I use Charles Schwab for naked puts, I corrected my post to reflect that. I wasn’t aware that Robinhood didn’t allow naked calls and puts
Selling naked puts and buying calls is not investing. It’s gambling bruh
Vti and forget it