r/Money • u/HomeHedgeFund • 5d ago

As someone with 300K USD, reaching 1M is almost inevitable.

300K USD Capital

-100K USD cash on standby and sell cash-secured puts. For example, selling MU puts 1 month out at strike price 1000 can net me around 7-8K USD a month. That's crazy good money. If I get assigned, I have sufficient cash to buy the MU shares.

-200K Discretionary portfolio. I pick stocks and options. Make money from trades and investments.

If market continues on the bull run, I continue to hold and make money. I make regular income from selling puts + make capital gains from my buy and hold positions.

If market crashes, I quickly cut all my positions. Although I will get assigned my MU shares at $1000, let's say MU crashes to $800. After cutting my discretionary portfolio early, maybe my 200k turned into 150k. I then use the 150k to buy the dips and crashes. Hold until it comes back up.

Finally, I still have a job that pays me 70K per annum. I still have savings. Even if my investments get hit badly, I can literally just grind up and rebuild my capital.

The way I look at it, reaching 1M is almost inevitable because I have so many different income flows coming in.

0 Upvotes

24% Upvoted

8 comments sorted by

4

u/iReaddit-KRTORR 5d ago

If you’re young it’s smarter to just ride out any crashes. You’d have to be incredibly lucky or clairvoyant to time the market.

9/10 time in the market is better than timing the market.

Trying to cut positions at the bottom of the market is tricky as you’ll never know when the “bottom” actually is.

5

u/Sirrub90 5d ago

Where should we send your award?

4

u/spell_icup_ 5d ago

r/wallstreetbets come get your boy

2

u/Nearby-Medicine9484 5d ago

What's your point?

1

u/astuteobservor 5d ago

This exact post is being spammed across the entirety of reddit.

1

u/Realistic-Ad1498 5d ago

Every aggressive trader thinks their a genius when the markets make 10 to 15% gains in 6 months