I want to get my brokerage account to a balance of $100,000 by the end of the yearI have somewhere around $30,000 more I can simply invest assuming my COL doesn’t changeSo, that’s at least $72,000 with no compounding on my investments but let’s just say 10% on everything So…..with luck about $80,000I just wanna maximize my gains without losing my mind while I’m still young, so, any advice where to generate extra money from to reach my goalI’ve considered donating plasma and have tried finding random beer money online strats I can do from my phone (have my own office at my job so I can use my phone for ours and not even fall behind on work)Please no crypto shilling I just want a thread about getting more money and faster, and no investing in some high yield ultra volatile BSIs getting into “The Wheel” or covered calls and such worth getting into or would the premiums from that just be a equivalent to a side hustle
Buy silver.
>guys I need 28000 dollarsOkaySoGet a second job and cut back on expenses? lol.
>i want to get more money and faster>b-but i dont want to take any risk
>>61668507>buy at ATH saar
>>61668515Not take zero risk but I just don’t want to be sold snake oil >>61668508YesAny second income ideas I have a full time job so can’t really just work another “job”
>>61668496Any stock that has dividends is a second source of income.
>>61668747Right, I’m curious about gaining more principal to put down
>>61668734>I have a full time job so can’t really just work another “job”Weekends son
>>61668496probably intel, at least thats what I'm betting on, I have around 100k in intc
>>616684961. Put all of your $72K into a broad index fund like VOO.2. Enable margin on your account.3. Using your margin, buy about $30K of a single stock you believe will at least more than double at some point during this year.4. Set a sell order for the stock ~75% above your cost per share.5. Check back when you get a sell notification email.
>>61668966Yeah I’ve just been doing VOO as is for now
>>61668496>buy established silver miners>HL,AG,EXK,CDE>wait for end of Q1 until the get their earnings report>???>profit at end of Q1
>>61668966>>61669020In general I do wanna try getting more into trading but just don’t know how it fits my risk toleranceIs there a way to be conservative but still make gainsI don’t wanna leave opportunity laying on the tablePoint being I’m not trying to get rich, I’m not trying to retire by age 30, just make extra money short term that amounts long term due to compounding
>>61668507>just buy my bags bro! don't forget you pay over spot and get paid under spot when you sell. did I mention you might need a wheelbarrow to move this great investment?
>>61669059>be conservative but still make gainsJust invest in SPY or something that only really goes up over the long term. If you don't mind a little risk miners like HL are a good play and have the potential for much larger returns.
>>61669059>Is there a way to be conservative but still make gains>I don’t wanna leave opportunity laying on the tablethese contradict each other>good returns = high risk>low returns = low riskset stop losses and take profits regularly, buy into bull markets and not some bear markets like beyond meat or some shitalso>I don’t wanna leave opportunity laying on the tableis FOMO behaviour and you will lose at some point with this attitude when smar money drops their bags on yours
>>61668496tsm, googl, rtx and some boring shit like chubb that has a long track of giving 11% returns year after year
>>61669059That is the conservative approach to trading. You would be maximally invested long term in the market, while tapping a safe amount of equity such that you can survive a market crash with relative ease, and automating sell orders based on goals rather than feelings. You're not touching options and heavy leverage.You don't even have to look for a stock that doubles. You can for example buy a stock with high beta, but trades within a consistent range. If a stock jumps up and down 20% regularly, you can buy the low and set a sell order at 10%. Repeat this a few times with different stocks. This works when you have the capital, and a realistic goal.
>>61669198What exactly should I be putting sell orders on and what ratio of my total funds should go towards that though
>>61668734>>61668847Part time on weekends. You can get a slack wagey job you don’t really care about and just collect a pay check doing the bare minimum.
>>61669198With this though, isn't the idea that you would need to make more money by selling orders than you would make by just getting a second revenue stream and investing for a return?
>>61669621This can be part of your plan. Specifically, look into being a chauffeur. If you have a suit, a clean driving record and can present yourself as something other than a slob, call the local limo companies and get a job. They are constantly going through flaky drivers. Work Fri and Sat nights. You won’t be spending money doing stupid shit at the bars and the tips are significant.
>>61668496Unironiclaly just ride Bitcoin up to 100k after it crashes this yearCompletely risk free unless the Jews/Chinese decide to release quantum computers to the ublic6
>>61668734What skills do you haveWhat skills can you see yourself learningWhat occupations are absolutely no-go for you?Your answers to these questions will determine the possibility space of the answer to your question
>>61668496>>61668496Silver miners, gold royalty companies 50/50. You’ll be at 80k by April then just need babby gains rest of year to hit your goal.Also, how do sandnig CT accounts with mass followings get away with larping like this? Literally said nothing about PMs prior to the blow up
>>61671131Okay but the thing about that is eventually those silver and gold record highs will start to dip back downI don't really know when to abandon shipand if it's dropping people won't want to buy as muchCan puts really counter this?
>>61669594>What exactly should I be putting sell orders onThe stock you're buying on margin.>what ratio of my total funds should go towards thatAs I suggested in >>61668966, you can use around 30K. Why? Because you can survive a drop in the SP500 by 50% (which would be a true market crash) without being margin called by most brokers.Assuming a 7% drag from margin interest (this varies based on your brokerage, and how long it takes you to sell the stock), and you sell at 75% up on 30K, you're looking at a roughly +20K return. Combined with your assumed return of 10% on your VOO, you're looking at roughly 100K total.
>>61671171>Okay but the thing about that is eventually those silver and gold record highs will start to dip back downNo anon, the dollars done for. Any manipulation or dumps from henceforth are temporary
>>61668496>I want to get my brokerage account to a balance of $100,000 by the end of the yeari would suggest adding about 59k to the account
>>61671680Are there any guides / charts that perfectly describe the best strike prices and expiration dates to aim for?And I meant which stock should I choose to buy on margin
>>61671763True true
>>61668496ETFs:SHLDVOOGLFSCStocks:IRENBABAAMZNMSFTPaper PMs:GLDMSIVRSplit it up however you think makes sense. These positions will give you great exposure to Defense, Tech, Healthcare, and Precious Metals
