/biz/ - Business & Finance

Do you guys think PFF is a good alternative to holding cash?

This shit is fucking rigged and were all retards. The people who laugh at us have millions and billions in the market and just enjoy their 20% of gains a year because that’s still fucking millions of dollars a year with zero work and they already have their mansions and islands and exotic cars while were scrounging to death putting our pathetic thousands of dollars on stocks pretending we know anything and now this market is just a retarded casino based on nothing but pure speculation and hopes and dreams. We cant own a house it takes 500k to own a house boomers have had their houses for 80 years and we have to gamble otherwise we’re going to slave for 60 years to own a house that’s owned by the bank. We’re just playing into their hands 80% of us won’t make it

>>24370097
dont worry, GME is going to make me graduate to 6-figures, effectively jump starting my life a few years

I'll find the next GME after that, and if I can't then I'll just wait for GME or NTDOY for the next cycle

>>24370053
It pays out monthly but I only get like 0.20 a unit. It holds its value, though.

at what net worth can you effectively stop waging

i have crossed 6 figs. i don't have housing costs. can I quit? i don't give a shit about my job. i literally want to kill myself every Sunday night thinking about going to work.

Buy RKT

You will be thankful in a few months.

>>24370189
Ooofff, sold rocket for a loss, bought CLF and made my money back

redditors rise up

>>24370141
Yeah I’m just trying to find a way to beat inflation. I’m only about 33% stocks and 67% cash (checking and savings). Interest rate is laughable and another anon mentioned PFF. What percentage of your portfolio is PFF?

>>24370171
you can make an additional 2% to 5% every month on wheeling something (selling covered calls, selling cash-covered puts), depending on whether you want to wheel something ultra safe like SPY (also lower premiums though) vs something more volatile like AMD but still sort of safe for the next 3 years because of Intel's fuck ups

can you live off $7.5K a month? Then you can stop wageslaving after a $250K portfolio

Sirs, I am trying to delete my wonderful thread of good posting because another sir made his first, how am I be doing this but not have it not let me?

>>24370097
I own a house and put up %120 percent last year. If I can just make 20% a year I'll retire comfortably before I'm 40. The game's not rigged, we just started with less pieces than some. We have to accept that the world is inherently unfair and do our best to overcome our shortcomings, whether they are a reflection of who we are or the circumstances we were born to. Complaining doesn't get you anywhere. Planning before working and doing a lot of both will lead anyone with an iq > 90 to prosperity.

>>24370227
Only 10.4%.
And I was wrong: I averaged only about 16¢ a unit. I'm actually buying SPY to see how it performs then just move the money into that if PFF gets BTFO'd.

>>24370249
oh didnt even notice we fucking split threads. was wondering why it was slow. if you cant figure out how to delete it whatever (bottom right), prob too late though, don't remember if there's a time limit or not

just go here until it hits bump limit
>>24369887
>>24369887
>>24369887

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>>24370560
>>24370682

>>24370682
Sent ;)

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