This 40% in 3 months is too low return compared to stocks!!
Anyway, I am not averse of real estate, but stocks are real reward when we properly focus.
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I really have to consider selling covered calls against my position. I’m struggling to grasp the numbers involved and also optimal strategy. But basically, I could make earn my entire year’s worth of salary by selling deep OTM Jan 22 calls at a $1700 strike price. This seems way too tempting…
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Please take note both @wuqijun and me didn’t sell covered calls vs our buy n hold position. The reason is hard to gauge when the sudden acceleration of prices e.g. TSLA from Mar 2020 to now.
1 call = $7700
Estimated salary = $400k
Hence, number of calls = 52 and number of shares = 5200.
Worth of shares = 5200 * $850 = $4.4M, about 16% of @wuqijun
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Yes I agree does not make sense if you are really bullish.
I previously thought stock could 10x [and it did!] so does not make sense.
I do not think TSLA can 10x in the next year. 8 billion dollar market cap? 
I don’t think it can 3x in a year. That would make it the largest company in the world. Sudden massive acceleration again in 2021 would seem unprecedented (then again it is TSLA).
I believe it will get there, just not in 11 months from now.
2X maybe possible with FSD progress though. $1700 might be possible.
If calls end up ITM, I would not feel too bad selling there. That is a lot of money and I would want to diversify some anyways at that level.
I guess that’s why I will never end up really rich 
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Define “really rich”.
The reason why @manch ask is because your NW is higher than @manch already and he is older than you, he is about the same age as @wuqijun 
Really rich is $100m and above. Then you can afford to fly private. Rich is &10-$100m. Comfortable is $5m to $10m
Anything less is just upper middle class on the coasts.
Under 60 you should probably keep your day job like the Financial Samurai found out. $5m could easily disappear with a 40 year time horizon.
Exactly, this is where TSLA is…All banks took the TSLA to this level. If they want to make money with TSLA, they need to bring down (downgrade) and then upgrade (buy at low)…in waves.
Elon is also crooked/clever that he took bitcoin avenue (may be Cathie would have suggested).
Now, he is moving to satellite starlink (soon IPO - today they allowed pre-subscription) and space X.
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what is FSD?
You’ll need a $100m before you turn 50. Otherwise you are just a rich old fart like @Elt1 deserving no respect.
You won’t even buy a Tesla. You aren’t rich, just cheap.
Making money is fun. But spending is more fun
full self driving
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At least I have cybertruck reserved. But you won’t buy a Tesla period. So you are cheaper 
Cybertruck doesn’t exist just like Musks space chicks.
Enjoy the fantasy while I sail my yatch. Bragging about your cars is something you will out grow. BTW, the truly rich brag about their yatchs and planes, not their fantasy wannabe cars. Get back to us when you get your first plane. A pressurized twin engine plane can be as little as $250k used. Jets start at $1m. Figure $300k a year for a small jet. Probably $3m per year for a jet that can fly over oceans.
Then where is your private Hawaiian island? You are not truly rich unless you have that in the bag 
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So does majority of America thanks to Tesla and S&P500 
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When you are truly rich you end up with this. Elon is a freak
and so is girlfriend
Would you elaborate this?
5M blindly put in s&p500 fund with average 8% would earn approx $400k annually.
One would have a good life with that earning even without job.
Am I missing anything?
Image too racy for forum.
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