Gumball becoming a billionaire?

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Gamball Jan 4 @ 8:35am

So you know from years of posting, that I'm quite a formidable businessman. But now I'm taking it a step further.

My hedgefund is growing rapidly, so far I have 4 clients which I either manage funds for or advise, and I got more people lined up. And that's not even taking account my own portfolio.

The picture is clear, I'm going to run a MASSIVE hedge fund and have billions of assets under management like the big boys. Gaben I'm going to surpass you very soon. Get ready chunky boy.

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Showing 31-45 of 135 comments

Uncle Sam Jan 4 @ 11:45am

Originally posted by Gamball:
So you know from years of posting, that I'm quite a formidable businessman. But now I'm taking it a step further.

My hedgefund is growing rapidly, so far I have 4 clients which I either manage funds for or advise, and I got more people lined up. And that's not even taking account my own portfolio.

The picture is clear, I'm going to run a MASSIVE hedge fund and have billions of assets under management like the big boys. Gaben I'm going to surpass you very soon. Get ready chunky boy.

Congrats in winning against the system itself OP, may good luck and financial wisdom be on your side

#31

Delta Jan 4 @ 11:54am

Just sell cash secured puts and covered calls on leveraged etfs like CONL, TSLL, and MSTU.

You don't need to manage other people's money.

Compound interest is powerful.

#32

Gamball Jan 4 @ 11:55am

Originally posted by Hammer Of Evil:
nice man, i hope it works. remember not to degenerate like elon musk and have public meltdowns tho. i think the trick is to not form a habit drug addiction.

Nah man, Elon is not my idol, I have huge respect for him but I'm trying to be like Alex Becker.

#33

Gamball Jan 4 @ 11:57am

Originally posted by Delta:
Just sell cash secured puts and covered calls on leveraged etfs like CONL, TSLL, and MSTU.

You don't need to manage other people's money.

Compound interest is powerful.

Trading options, what can go wrong. I'm an investor, I don't ♥♥♥♥ with that stuff. You know that :P

#34

sfnhltb Jan 4 @ 11:58am

Originally posted by crunchyfrog:
I find it incredibly sad that people are so focused on money.

I get it, that in countries like the US is currently it's incredibly hard to exist a lot of the time, with so many being one paycheck away from destitution. But what gets me is seeing so many who operate on the mindset, go and express their welath with such ♥♥♥♥ things like cars, watches, jewelery and other stuff which CLEARLY doesn't interest them at all.

What an utter waste.

Not really, they are just satisfying a primitive urge they have, the same way a peacock grows and maintains its train. I mean it seems barely possible someone could see, say, someone that has pimped the back of their colourful car out with LEDs and a huge sound system and not see the correlation with a peacock displaying itself to attract mates.

#35

Hammer Of Evil Jan 4 @ 11:58am

Originally posted by Gamball:
Originally posted by Hammer Of Evil:
nice man, i hope it works. remember not to degenerate like elon musk and have public meltdowns tho. i think the trick is to not form a habit drug addiction.
Nah man, Elon is not my idol, I have huge respect for him but I'm trying to be like Alex Becker.

glad to hear it, besides, your love of driving will ensure you dont turn into a burnout. you need those reflexes sharp after all 🍷🗿

#36

Gamball Jan 4 @ 11:58am

Originally posted by Uncle Sam:
Originally posted by Gamball:
So you know from years of posting, that I'm quite a formidable businessman. But now I'm taking it a step further.

My hedgefund is growing rapidly, so far I have 4 clients which I either manage funds for or advise, and I got more people lined up. And that's not even taking account my own portfolio.

The picture is clear, I'm going to run a MASSIVE hedge fund and have billions of assets under management like the big boys. Gaben I'm going to surpass you very soon. Get ready chunky boy.
Congrats in winning against the system itself OP, may good luck and financial wisdom be on your side

Thanks, ultimately investing at this environment is literally turning their corruption against themselves, the more they print, the more investing will yield you in profits. While everyone else gets ♥♥♥♥♥♥ by inflation, those that own assets will get richer and richer.

#37

Phénomènes Mystiques Jan 4 @ 11:59am

It is a fun fantasy, Captain Gum.

#38

Delta Jan 4 @ 12:05pm

Originally posted by Gamball:
Originally posted by Delta:
Just sell cash secured puts and covered calls on leveraged etfs like CONL, TSLL, and MSTU.

You don't need to manage other people's money.

Compound interest is powerful.
Trading options, what can go wrong. I'm an investor, I don't ♥♥♥♥ with that stuff. You know that :P

I'm an investor too. I invest in time decay. I'm not long options, I'm short options.

I sell cash secured puts with a delta of 30. Delta is a metric that measures how much an option's price is expected to change for every $1 change in the price of the underlying asset.

Delta is also used to gauge the success rate of a cash secured put expiring out of the money. A delta of 30 means there's a 30% chance that the option will expire in the money.

These puts are cash secured, which means selling CSPs are a very conservative strategy.

If my puts expire in-the-money, I then write a covered call. Even in a declining market, I can still make a profit, as long as the strike price is above my cost basis, I make money.

#39

Charisma Jan 4 @ 12:38pm

Originally posted by Delta:
...I'm an investor too. I invest in time decay. I'm not long options, I'm short options...

If you don't mind me asking, is short term trading a few months or weeks? I have people within my network doing short term trading and watch the market constantly but I never understood how long it takes them to sit on an investment for it to raise. (I only invest in long term.)

Last edited by Charisma; Jan 4 @ 12:38pm

#40

Ȼħⱥꞥꞥēł8753452 Jan 4 @ 12:48pm

Originally posted by Gamball:
So you know from years of posting, that I'm quite a formidable businessman. But now I'm taking it a step further.

My hedgefund is growing rapidly, so far I have 4 clients which I either manage funds for or advise, and I got more people lined up. And that's not even taking account my own portfolio.

The picture is clear, I'm going to run a MASSIVE hedge fund and have billions of assets under management like the big boys. Gaben I'm going to surpass you very soon. Get ready chunky boy.

Any day now..... any.....

#41

Delta Jan 4 @ 12:58pm

Originally posted by Charisma:
Originally posted by Delta:
...I'm an investor too. I invest in time decay. I'm not long options, I'm short options...
If you don't mind me asking, is short term trading a few months or weeks? I have people within my network doing short term trading and watch the market constantly but I never understood how long it takes them to sit on an investment for it to raise. (I only invest in long term.)

Some stocks or ETFs have weekly options, but they also have monthly expiration. When people trade cash secured puts and covered calls, they typically trade monthly options with 30-45 days until expiration. I'm trading the Feb 21 expiring options right now. In general, I trade options with 45 days to expiration (DTE). You can see options chains for free with OptionStrat (no account creation necessary).

#42

Charisma Jan 4 @ 1:09pm

Originally posted by Delta:
Originally posted by Charisma:
If you don't mind me asking, is short term trading a few months or weeks? I have people within my network doing short term trading and watch the market constantly but I never understood how long it takes them to sit on an investment for it to raise. (I only invest in long term.)

Some stocks or ETFs have weekly options, but they also have monthly expiration. When people trade cash secured puts and covered calls, they typically trade monthly options with 30-45 days until expiration. I'm trading the Feb 21 expiring options right now. In general, I trade options with 45 days to expiration (DTE). You can see options chains for free with OptionStrat (no account creation necessary).

Make sense and thanks for explaining. I never had the nerves for short time trading but respect those that do it however the month timeline seems flexible enough. I wish you success in your investments.

#43