Subject: Re: Buying Long Dated Calls
"Most lose their entire account. All $1000."

I was making a snarky joke. Somehow youtube started recommending anti-tiktok-investment videos. Of course, nobody sane would take investment advice from a tik-tok video posted by a 20-year-old, but there are evidently lots of people who do just that. After all, if you can invest your entire $500 Robinhood account and make $10,000 in one day, why not?



The amount I was contemplating is about 3% of my port. If the company goes bankrupt, it would not be nice, but tolerable.

Ah.
To me, 3% of my portfolio is a large position. Only 11 of 100 positions are more than 3%.
Which logically begs the question of why bother with holdings that are less than 0.10%. Even if it doubles there is no significant change in the total portfolio value.

(As it turns out, most of those are a component of a screen with 10-20 position.)


I watched bitcoin (GBTC) come down and down and down. When it hovered around $7-$8 about 18 months ago, I remember thinking this could be a speculative bet.

I don't play the lottery. But conceivably some bitcoin thing might be better odds.