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11-24-2016, 08:30 AM | #511 |
Rookie
Join Date: Oct 2016
Casino cash: $10000400
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Does it sound like a plan?
Real estate seems a more reliable investment in a long term as it is not affected by economic turmoil as much as stock markets. So you find somewhere in Barcelona apartments for sale since this city is crazily popular with tourists, buy it and rent it out on short term lease. Short term rentals promise decent returns - about 5-7% yields. Hiring a management company helps to avoid problems with finding new tenants. Its service costs 20−25% of the total rental revenue but the expenses will be rewarded with higher occupancy rates. Voila! You are rich (but maybe just after 15 years) |
Posts: 15
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11-24-2016, 08:43 AM | #512 |
Not dead yet...
Join Date: Nov 2008
Location: Indian Creek
Casino cash: $2499903
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We discussed it before the house was appraised. It was one of the primary reasons we went forward with our refinancing.
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11-24-2016, 12:00 PM | #513 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $704734
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Probably not for the money you'd need.
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Posts: 57,744
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11-24-2016, 04:21 PM | #514 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $1716136
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I just took massive action and signed up for reddit personal finance. It's that kind of massive action and desire and reading think and grow rich is why I am rich and wealthy.
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Posts: 54,587
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11-27-2016, 06:44 PM | #515 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $321900
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Just 52% of Americans have more savings than credit card debt, according to a new survey released by Bankrate.com.
http://time.com/money/4233634/saving...facebook_money
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2024 Royals game thread record 3-0 |
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12-07-2016, 12:24 AM | #516 |
MVP
Join Date: May 2001
Casino cash: $4102970
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USO Dec 16 10.5 Put
It was cheap. And interesting. Was worth it just for giggles. Last edited by Abba-Dabba; 12-07-2016 at 12:31 AM.. |
Posts: 18,224
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12-07-2016, 01:31 AM | #517 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $704734
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12-07-2016, 02:13 AM | #518 | |
MVP
Join Date: May 2001
Casino cash: $4102970
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Quote:
Have some calls at 22.5 on BAC expiring next week. Do you think the rate hike could work in my favor? |
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Posts: 18,224
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12-07-2016, 08:33 AM | #519 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $704734
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I don't honestly have any idea. I've never traded an option on stocks. I've only traded them in commodity futures, and you damn sure want to be out of them come first notice day. In the futures, they can run guys that have positions that don't want to deliver the product.
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Posts: 57,744
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12-07-2016, 09:12 AM | #520 | |
MVP
Join Date: May 2001
Casino cash: $4102970
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Quote:
Best recently was buying 10.5 calls at .09 and selling at .84. |
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12-07-2016, 09:44 AM | #521 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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12-07-2016, 09:47 AM | #522 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $704734
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Posts: 57,744
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12-07-2016, 03:05 PM | #523 | |
MVP
Join Date: May 2001
Casino cash: $4102970
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Quote:
BAC closed at 22.55 today. I bought late last night, out of the money at .26 per contract for 22.5 calls. 20 contracts. The options are at .44 now. If I sold out, that would have been a nice day's work in the money. But I'm waiting and still have 8 days. |
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Posts: 18,224
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12-07-2016, 03:47 PM | #524 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Options are designed for risk hedging, folks..
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12-07-2016, 03:51 PM | #525 |
Supporter
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Location: Scott City KS
Casino cash: $704734
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