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reddituseranyonymous t1_jecdpz7 wrote

Reply to comment by DayOfDingus in How bears feel rn by NeedThoseGains69

You're not good at being rational then. Not having a plan and bad advice from an idiot at Morgan Stanley cost me 70%

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reddituseranyonymous t1_jecv7et wrote

I have an Etrade account near ATH I asked for help, they gave me a guy from Morgan Stanley. I asked him about cashing out my options and buying $QYLD he said not to. I didn't really have another plan. I should have just said fuck it and done it anyway. Had I done so Id have about 1500 shares of $TSLA, 20,000 shares of QYLD and enough cash left over for a 20% down payment on a house.

I looked at the QYLD dividend history since my ATH. The smallest was $0.169.... at 20k shares that's $3380/month, just about 40k a year. Not enough to quit and retire early, but enough to set things on cruise control.

Heck. I could have increased my 401k contribution at work, lowering my taxable income from work, and offset some of the in taxes from the dividend payments.

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