Today I feel somewhat happy and peaceful, as though the thought of being “rich” finally hit me.
I was also a bit lazy. Sold a few calls for $3200CAD and called it a day lol.
I did the mental math of making a living this way. Do these calls once a week, and make $12K per month! Plus $10K per month dividend! Wow.
That’s more than what I made per month in 2020!
It’s time to re-evaluate how I approach life.
I love my place. The BC Place view is just as beautiful as ever. The ash coloured floor. The location. Everything about this place is awesome.
I definitely remember that my goal is to have $4MM. I’m so close!
I remember that the reason why I set it to $4MM is that it’ll mean I can live off dividends so I can feel stress-free. And that I can support Mom and Dad.
With Bunny’s help, I now can get $100K dividends per year.
Bunny keeps saying I’m set for life. I’m not sure how long I can keep earning this dividend, and I don’t know if the stocks will continue to rise or be stable the next few years (certainly will be selling some mall stocks after reopening). But yes, overall, I feel pretty amazing about my finance!
Making an income of $200K/year (in 2020) too.
Questions:
- Can I be more baller?
- What can I do to make more? $100MM is my next goal.
Bunny wants $100M to0. Let’s make it happen for both of us!
What if I spend more time on trading and less time on my business?
The returns on trading is so much higher, with the littlest time put in.
If I really commit to switching over to all 2x, 3x stocks, I’ll be able to double or triple this $3M.
Then it’s $9MM.
If I use margin, that’s $18MM.
Of course I wouldn’t leverage the whole margin…that’s risky…
But wow, even $10MM is AMAZING!!!
And I should probably understand the margin risks better.
I wonder if I should do a series of short term doubling bets. This is potentially way more gain than doing it once a year.
If I keep $1MM in the safe bucket, $1MM in Bunny’s management, and $1MM in “repeated 2x growth or more bets”, diversified into 10 different stocks to lower risk, utilize margin (let’s say it’s $1MM), play this let’s say 3 times a year, then that’s $1MMx2x3=$6MM in one year.
Food for thought!