/biz/ - Business & Finance

Yes

Sell covered calls.

>>27383267
1 month

>>27383365
>calls
disgusting, degenerate gambling
ngmi

thanks for the sell signal I guess

>>27383267
Very easily, I get $55k from GRT and FTM staking, but that'll increase as well when link stkaing is out.

I still work though, you should as well.

>>27383267
>trying to live it
I'm a NEET at heart, even though i've got a job and in college.
I just wanna do enough money and do whatever i want (which is trade)

>>27383620
and then kms.
Wanna get rich to spite others first

>>27383437
Do you understand what selling covered calls means?

>>27383267
If you have a lot of chainlink you can make a couple grand a month just by having it sit on Celsius.
You'll make even more when staking is officially out.

>>27384235
But then you're still the loser who killed himself. You're only as good as your last accomplishment and yours will be jumping off a building like a sad pathetic faggot.

>>27383267
just got fired. trying my hand at a little leveraging on doge. not brave enough to risk a few bucks. if i see it as something im good at ill stick to it util unemployment kicks in. i want to learn a new skill to find a new job easier though

>>27384356
yeah it means you cover your call with the underlying asset using some pricing mechanism like Black-Scholes, probably you delude yourself with some more advanced equation
regardless, ngmi

>>27384619
he could try to beat tarrant's high score in minecraft

>>27383267
Been a neet for four years, live entirely off yield farming at this point, It's a pretty cozy life

I have this plan. I secured my stack yesterday and want to use the staking bnus to invest into something else that'll give me good returns monthly. I'll probably be able to find good things to use the money on to fill my time. Its a waiting game though really. Stopped working my job of 5years due to technical bs I didnt wanna deal with. The focus throughout January has put me in a good position to achieve my goals better though.

>>27384483
What is Celsius?

>>27384630
Leveraging is how you get wrecked. I got thrown in the deep end when I got into trading around 13-14. Trading platform had it as standard and I was too desperate for quick money. I could have bought a BTC and held but I couldnt really afford to save. Leveraging will get you rekt, just keep buying consistently and wait.

I do

Started 3 years ago. Still an incel at heart. Cant talk to women.

>>27383267
I have millions of dollars in crypto and the government still gives me gibs. The absolute state of clown world.

>>27386653
how to get gibs?

>>27383267
yep, trying to achive this

>>27383365
>>27383267
stake altcoins

>>27385691
https://celsius.network/

They are partnered with Chainlink so it's trustworthy to leave your LINKs in their and make passive income.

It's not being a NEET anymore if it's making you money. People look at you different when you say you're unemployed versus when you say you're an independent strategic investor.

>>27385003
*roblox

>>27387009
how’s this work

>>27383267
yes
you just need to learn to fucking hold

>>27383267
I can't wait until staking. imagine creating generational wealth & income from a small $1000 investment from 2017

>>27384235
>and then kms.
that is fucking hilarious! desu desu desu! You being serious, bro?

>>27383267
You wouldn't be unemployed if you were living off investments. You'd be self-employed managing your investments.

>>27387304
Transfer your LINKs into their exchange.
Leave it there for a week and you get paid in LINKs every monday.

>>27386734
Leverage your autismo

>>27383519
why

>>27384483
how much chainlink do you need?

can't people just get interest on stablecoins through defi?
if you got 10% apy, you'd only need 200k to have 20k a year which is easily liveable from. Am I missing something?

Uh yeah it's called being Jewish

My uncle has been doing this since the 1980s

>>27387688
no gubbermit gibs

>>27384619
>You’re only as good as your last accomplishment
This is the dumbest shit I’ve ever heard. Alexander The Great’s last accomplishment was shitting himself to death, that nullifies him conquering the world as a teenager?

If I have the right to buy 15k shares of CLF at $10, what is my profit when CLF goes to $50?

Also I own 3 houses 25 years old lol

>>27387964
Same my Uncle Rico does this too

>>27387940
People aren't aware of this yet, not even most of /biz/.
Sergey keeps mentioning on podcasts that more people will start using defi because of the high yields.

>>27388120
That's why they call him Alexander the Great Shitter

>>27383267
nice. gj fren

now lift weights and get fucking JACKED and become epic neet ubermensch
I WANNA SEE YOU GRIT THOSE TEETH!!!!!!!!!!!

>>27383267
Always buy more chain link, no matter the price! Every linkie counts!
Doing stfu onto 81k in the future is a sin!

>>27387940
>>27388247
How exactly does this work?

What is the most non-pozzed exchange on iOS? Also what wallet do you guys use to store your coins?

>>27387717
more money, I use my staking rewards exclusively for more investments.

>>27388756
>What is Interest

>>27387685
Might be interesting if it were a smart contract, but I'm not letting someone else hold my stinkies.

>>27388151
One dollar for each imaginary Jew who allegedly died in the Challah cost

>>27388334
He's a nobody though, dumbass. Nobody will care if he graduated college at the top of his class if he hangs himself with shit dripping down his pant leg

>>27383267
Same idea. I'm heavily in on a stock's options that stand to 4x by September at its earliest, December at its latest. With the amount of money I'd make off that I can either exercise some of the contracts and live off the expected dividend. Basically $32k a year from the dividend alone. With some funds left over to either get more or play with other investments. Either way I would not need a job.

With current projections I expect this to happen by end of 2021 at its latest.

Same idea. I'm heavily in on a stock's options that stand to 4x by September at its earliest, December at its latest. With the amount of money I'd make off that I can either exercise some of the contracts and live off the expected dividend. Basically $32k a year from the dividend alone. With some funds left over to either get more or play with other investments. Either way I would not need a job.

With current projections I expect this to happen by end of 2021 at its latest.

>>27383267
Make enough to pay one years rent
About 6k
Food stuffs
Claim poorfag medical
You can neet for sub 8k

>>27388242
He looks like he could throw a football over a mountain

>>27383437
thats NOT what selling covered calls is you dunce

Once you reach 50-75k you can generate enough covered call income twice a month to replace your wagie paycheck

Im getting unemployed benefits and I'm using my dad's SS to buy and ape crypto

>>27383435
Based xsn chad... i mean SCAM SCAM POSW DASHFORK EVERYONE AVERT YOUR EYES

>>27383267
Yes, that's what tons of richfags do. It's just that we don't label them "neets" even though they technically are. After all, what reason is there to work at all if you have so much money that you make a ton just from passive investments?

My plan is to convert to USDC/DAI/whatever near the end of the bull run in late 2021 or early 2022. Then put all that on blockfolio for a juicy 8.6% APY. Assuming I can get to a million dollars this bull run (which isn't guaranteed, but I only need a 6x from here) then that's an extra 86k/yr.
In addition, I plan on reinvesting some of that during the bear market. I'd estimate a bottom approximately 10-12 months after the bull market ends. So some time late 2022 probably. From there I just ride the upward moment into the next bull market in 2024-2025 and repeat all over again.

>>27390712
>$14.88

>>27383267
My dream is to continue the NEET lifestyle. WAGMI

>>27390399
What ticker senpai? I've been accoomulating XOM and T in my retirement accounts along with precious metals miners in my taxable account. Comfy holds along with my crypto desu

>>27383267
>Hours of work being a wagey.
>Hours of work flipping investments with varying amounts of risk.

Either way you're slaving to the system.

Nah it's pathetic. You are no better than a jew, not contributing anything to society. Besides, humans are social creatures. You need your tribe around you and interacting with other people makes life so much more meaningful. If you are a neet you are not natural but something twisted by technology.

>>27390681
can I get a qrd?
t. net worth 50k, doing easy wagie shit mostly

>>27392041
Not if you know what staking is

>>27392508
um ackshually investment does contribute to society sweaty haven't you even read thomas sowell

Define "lives off of investments". If you mean "live off the interest", you'll probably need at least 1mil to do that. If you mean "day-trade", then that's not really unemployed, that's self-employed.

>>27392781
Are you seriously saying that jews contribute to society?

>>27392508
Wage cucking in an office is not natural or productive either. Most jobs available today are not natural or productive. If you’re working on a small sustainable farm then yeah that’s a healthy job but for most office jobs or mindless manual labor there is literally no upside to doing that over being a NEET if money is not a concern .

>>27392006
NYMT. A reit that has stably been going up after covid hit. Should my projections be correct they'll likely be at or around $6.10 by eoy. Thus far they've been upping their dividend every quarter and if I'm right they'll likely announce a return to the former 0.20 dividend by December.

>>27390681
Plz explain for a brainlet, I have enough but seems too good to be true

My brother is on neetbux and he's allowed to make 30 trades total per year before it counts as a job and he loses the right to neetbux.

He got $30k from neetbux and nearly $50k from trading last year. He makes more than me and I'm a wagecuck.

>>27393003
Get into jobs that actually produce something meaningful. Making houses, infrastucture, power plants, medicine, creating culture, hell even making ads is creating culture. There is a lot of actually meaningful work you can do.

>>27392983
when did /biz/ become /pol/ again?
investment comes with serious risk and it actually serves a contributing function. if you invest with something that has real potential what you've done is provided the capital necessary for that thing to reach its potential, and then you get payouts in the future for having done that. this is as true of the stock market as it is of getting an education or learning a skill
that's not to say that all the gambling that's actually done on wall street is productive but the underlying concept is in fact

>>27392508
go back to /pol/ with this boomer horseshit, or better yet, just fucking leave 4chan like the rest of the trumpoids

Is $400k enough for monkmode?

>>27390681
yeah I do know >>27384813

you can get margin called all the same fuckhead

>>27393295
>when did /biz/ become /pol/ again?
Last week.

>>27393412
Enjoy being miserable shitstain of technology.

>>27393285
>even making ads is creating culture
I disagree, most ads are things that make the world a worse place and would be better off not existing. I agree that there is meaningful work out there but I already do it as a NEET running my own homestead. When I used to wagecuck at a gas station all I ever contributed was feeding people’s addictions to cigs, alcohol, and junk food. My conscious is much cleaner now, maybe one day I can run a farm business or something but for now I’m happy as is.

I'm looking for any passive income lifestyle but i don't understand a damn thing about stocks/e-trade. And i'm scared of losing the little i have.

>>27393037
>Getting into mortgages right before the moratoriums are about to be lifted and there'll be an avalanche of evictions and foreclosures

You fucking wot m8? Do you not understand why the stock of companies that deal in mortgages are still in the fucking gutter after they collapsed in march last year, despite the rest of the market rallying to new highs?
Mortgages are a fucking timebomb waiting to go off.

I paid my rent for a few months off trading stocks before I got a new job. Gotta take short term gains tax into consideration though

>>27393285
This is my goal.
But my fixed contract office job provides security I need.
I want the security from my capital and work towards a meaningful life.

how is tax done when buying stocks from different countries? do you pay tax to both countries or skip it?

>>27383267

It's called retirement you idiot.

been living like that since 2017

>>27392508
Suck my dick. Don't worry, I'll pay you so you'll be contributing to society.

>>27383267
Anon its possible, but you have to work hard at being one of the best. My friend is doing it, he was on adderal most of the time. I make some moves and money, but not enough to be a full time neet. I think soon once i get better and can control my YOLO degen side. I can probably make a living of this, but right now i dont see it.

>>27393168
>>27392613

Ok so learn how to screen high priced options on low priced stocks generally sub $5. Apportion your call sells expiration dates 4 weeks out and10-20% OTM . Do them monthly. Bingo

Sell shares, enjoy premium and use to live or enter new positions, Its not hard.

>>27383267
It's possible. Pic related, but used his mom's trading account to do the trading so he still qualified for autismbux and other things.

>>27393003
i never want to go back to an office full time, I just want to make tendies and live my life

>>27393418
Sure, if you put it in VTSAX and set dividends to reinvest. Just let it compound for years/decades while you live cheap. Cook your own food, entertain yourself instead of paying to be entertained, learn to repair and maintain your own stuff. You can live a good, cheap life and retire with a fat stack if you can leave it alone long enough for time in the market to do its work.

>>27394973
Same here Ano, i think if i make a shit ton in crypto I may give it a try going full time trading. I will have the time and money to give it a try. But as of right now, my job is solid and money is good. For sure I wont give up Anon it think it is the dream of most biz bros to not work for anyone else.

>>27395774
that's me irl.

>>27387717
Do a side job you enjoy. Doesn't have to be making bank, just some reason to get up in the morning that your obligated to do.

>>27396688
No. What a pathetic existence you "live" if you need a job to find a reason to get up in the morning, it's actually very sad.

>>27389518
You need to check out Bancor fren. Around 15% apy there + LM rewards. No impermanent loss either. I’ve around 16k link and 50k BNT in there atm.

Got a fuxking monstrous LM payout there last week

I have 1k

>>27383267
>an unemployed NEET
do you even know what NEET means?

>>27383267
I went from hikki NEET living with my parents to dirt rich with crypto, all without wagecucking a single day in my life. My initial investment was money I made botting in Diablo 3. That said, I'm still a loser, but at least I'm a rich loser.

>>27383267
>is it possible to be an unemployed NEET who lives off of investments
90% of this board

>>27396688
>>27397030
Ask yourself why do you get up in the morning. If it takes long to answer then you have a problem.

>>27394216
Refer to how they recovered after the 2008 recession. I've done my research so I'm comfy.

>>27395749
that still exposes you to risk if the share plummets

It would be nice if you could do this on something you actually want to hold long term though. What are some places where you can write calls? Any crypto projects that allow it?

>>27399412
We aren't in the recovery phase. Like I said, without the government moratorium there would be more foreclosures today than there was during the 2008 recession. The only reason the moratorium is in place is because the government doesn't want to have to deal with a homeless epidemic in the middle of a virus pandemic, since that would only exacerbate the spread of the virus.

When, not if, but when the moratorium is removed there will be an avalanche of evictions and foreclosures whether you like it or not. The government can't make evictions and foreclosures illegal forever.

I just live off of unemployment. I would be living off investments if I had held my UNI and GME shares I got months ago but I was dumb and weak hands.

>>27392983
Yes

>>27387009
nice ponzi

>>27383267
sounds like doing work .t neet

Went from 200 to making 3-5k a day for a few months now i have a few k portfolio left.. Just drop 80% of profits in a fund you cant touch for the next 5-10 years and you will make it. Else you are probably gonna lose it all.

I've got 300k cash that I want to turn into a NEET income stream. What do I put it into? I've sold my soul to a corporation to make this money and one more year of wagecuckery is going to be the end of me.

>>27401039
don't you pay for fund? that's why i hesitate on it, then again i am noob. do you focus on 1 fund or try to maintain different funds evenly?

>>27383267
you really shit this board up samefagging with your awful memes and delusional autism. go take your meds

>>27398004
based

>>27383267
For the past 3 years, I've been employed for maybe 6 months of the year, then laid off. I buy crypto, and save money while living frugally, then when I'm not working, I just vibe. My net worth goes up every year and it's pretty comfy knowing the hardships of wageslaving are temporary

>>27393917
We all are. But those who do not play do not win.