I found the biggest stock market hack to make money irrespective of where market goes. Hereβs step by step guide: -
1. Start with buying low cost index funds such as VOO, or VTI.
2. Now, buy few shares every week to dollar cost average.
3. If itβs a bull market, buy in small chunks.
4. If bear market, buy more aggressively if the price goes below your cost basis.
5. Keep lowering cost basis if you can.
6. Sell covered calls 20% out of the money with 30 days to expiration for free cash.
7. Rinse and repeat for 20 years minimum.
8. Do this with 85-90% of your portfolio. Remaining 10% play crypto, altcoins, shitcoins, meme stonks, earnings play aka casino etc. to boost your ego if you make money! (Also bragging rights that you beat the market). ONLY re-invest profits from this 10% into other gamble plays. Never touch index fund or salary.
9. Thank me in 2045! :) π» π
Disclaimer: The content above is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances.
TC: 250k
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comments
What is your return rate with this strategy? Seems risky for a small return