/biz/ - Business & Finance

It really does get easier as you get more money, anons. Unless you're trying to put money in and forget about it for 10 years, or are literally trying to become a millionaire ASAP, it does get easier. You can live a very comfy life being financially independent with under 100k/yr (depending on your cost of living.)

Really, I think there are only a few big goal posts.

>$100-> $1k
It's very hard but it can be done. You just have to be cautious and not make insane bets on options. Lots of trades will have to be made, though.

>$1k -> $10k
By far, probably the hardest leap. You're at the point where big plays through options can be made to increase gains exponentially, but you have to be incredibly careful because losses here can hurt more than $100->$1,000 due to the small amounts you have. Medium-High risks for Low-Medium rewards.

>$10k -> $100k
Assuming you're not bleeding money because you got lucky off of options (very early on) and continued to gamble, you're most likely set. Once again, it depends on where you live (sorry NY/CA bros) but there's enough capital here for you to live a very modest life if you aren't in crippling debt. Just make a ton of low-risk low-reward plays (because you have that kind of money) and shoot for $1,000-$1,500 in gains a week. Might be time consuming but it's better than being a wage cuck. Assuming you do don't blow it all on fancy cars, giant houses, etc, you could definitely be set for a long time. Take $80k and I don't see why you couldn't turn it into $500k over the course of a few years. At some point you'll reach the end game of just letting your stocks make passive income for you. Whether that's through funds or divvies, I think you can make it.

Yes it's nowhere near as nice as turning $3k into $120k over night, but that's not feasible. You have to be lucky to do that. Materialism and greed are bad. Fight your own human nature, reach financial independence and do what YOU want to do. You'll make it, anon.

I'm a stockfag. Can any of you kind anons redpill me on Crypto? Where do I put my money?

Hey, sharesfag here. I know most people here prefer physical metals, but I figured I'd ask here because you guys seem more knowledgeable about these things. I put around $1,500 into SLV puts expiring on 8/21. Am I fucked?

Will stimulus deals pump up SLV? Will it continue to grow as it's been doing if no deal is met within the next two weeks? Thanks, anons.

I have $1500, redpill me on chainlink

Where do I buy? Will it really hit 1k by the end of this year?