Originally Posted by
Gunfighter
Options
Overall options were profitable thanks to a few well timed TSLA covered calls. My S&P Iron condors were money losers due to strong gains in April. I got frustrated with position management and stopped trading except for a few more covered calls. I'm planning to venture back in with a few trades in my fun money account.
Stopped because I came to the realization that I really was playing with fire for lack of fully understanding it all. May reattack down the road.
Originally Posted by
Gunfighter
Stocks
The low margin rates at IBKR lured me into dividend stocks like XOM, T, IBM, and a few others. I've eliminated the margin to keep it available as a low interest line of credit for the first half of 2022.
Swore after the 2008 crash, I'd have a big pile o' cash for another big downturn. Up bigtime on NVDA, and up pretty good on CVX, MPC, JPM and DAL (hard to pass at $19)....that's all just funny money and it's easy to look good after this last year lol. May set aside some of my winnings and gamble on some crypto stuff, though not necessarily the crypto itself.
Originally Posted by
Gunfighter
Real Estate
Sold a few properties, failed at my first 1031, executed a partial 1031, Bought a NNN property and made a few passive investments in syndications.
Real estate remains the Side Hustle of choice for 2022. This year's focus will be a development project using land purchased in 2020 at the beginning of the pandemic. It isn't nearly as exciting as stocks, options or running an active business, so I think I'll take up mountain biking for entertainment.
Maintained the status quo on real estate properties. Looking to do some hard money lending. May get more serious about properties if people stop paying stupid prices for real estate. Question, for tax purposes, do you consider yourself a real estate professional? Opens up lots of tax opportunities and probably wouldn't be hard to justify depending on how your view our hours worked per year.
Also, looking to branch out into a few entrepreneurial ventures this year and see where they go. Figure I might as well put my off time to good use lol.