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mannahosanna OP t1_iy4athw wrote

Reply to comment by Such-Combination5046 in Thankful for $GEO by mannahosanna

I bought some in January and bought more when the price dropped.

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Such-Combination5046 t1_iy4b2fb wrote

Wow!! U tied up all that money for almost a year

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mannahosanna OP t1_iy4b8y5 wrote

I want that long term capital gains tax rate.

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Sweet_Scar487 t1_iy4mg0w wrote

I believe you'll only be able to get short term gains here. Need to hold for more than 365 days. Correct?

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Working-Ad-5683 t1_iy4om1q wrote

I have a small account worth about 900 what are some advice that I can use to grow it

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rp2012-blackthisout t1_iy58wpw wrote

buy itm leaps on apple, msft, etc.. sadly with 900 you'd only get 1-2 leaps.

and by leaps I mean the 2025 leaps.

Edit - you aren't getting leaps at those prices. I just looked. Buy a few shares of msft and ride it out.

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mannahosanna OP t1_iy6e4qb wrote

Buy cash flowing energy stocks.

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Working-Ad-5683 t1_iy6go9x wrote

Which ones would you recommend

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AChaosG91 t1_iy7vnst wrote

DUK.............. :) TTE?

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Thrombi_Yugen t1_iydq98c wrote

I have been following TTE- it’s pretty solid

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AChaosG91 t1_iydrpg7 wrote

Yes indeed. I had an initial Position in it, but sold out of it unfortunately. I have added DUK to my Port though. I do recommend P&G as well for a Hedge against this strange market for a long term Hold, SBux, KO, PEP etc

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Whirly315 t1_iy8fz87 wrote

sell puts on robinhood. make $50 a month. try to keep making deposits into your account

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Working-Ad-5683 t1_iy8h6zm wrote

How do I find companies to to sell outs for

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Whirly315 t1_iy8vnib wrote

no i mean on the company robinhood itself lol sorry i should have specified. ticker HOOD. people shit on them but their balance sheet is actually pretty strong and they were one of the first stocks to get crushed down to a fair valuation. i had my friend im teaching sell the $8 put on HOOD for the jan 20 expiration yesterday and he got like $55 for it… that’s a pretty great return on only $800 of capital

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Working-Ad-5683 t1_iy97tr7 wrote

Don’t you need to have like 100 shares to sell puts though

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Whirly315 t1_iya2yt2 wrote

you need to own 100 shares to sell a covered call. selling a put is the other side, you need enough cash to cover buying 100 shares if the stock drops below your strike price.

i really like adam from InTheMoney to explain things. here is his video on the subject https://youtu.be/r_rKof8IdfU

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