Here, let me help you...

Try investing in distilled spirits and ammunition. I have a few cases of .223/5.56, 9mm and 45 ACP purchased pre COVID. The ROI has been fantastic, but it’s unlikely I’ll sell. My next favorite investment has been distilled spirits. I prefer brown vs clear. My best was a $59.99 bottle of Old Rip Van Winkle. In the last 3 years its up over 1000%, so on par with TSLA. The other Buffalo Trace bottles have also done well. The Hibiki and Yamazaki bottles are performing well, although two bottles were “called away” after collecting a few months worth of Cuban cigar “option premium”.

My expertise is very limited with the clear stuff, so any vodka, gin or tequila peeps feel free to chime in.

I’ve put a small amount into silver recently based on the above average Silver:Gold ratio. It’s part of a longer term strategy to accumulate a minor stake in precious metals. I’m metal agnostic, just looking to acquire some for fun. Anyone have experience trading the ratio?

 

First of all, no one WANTS to fly a 737. (Signed, Happy Airbus Pilot). The rest of your post is very true though. I don’t think Fidelity allows the kinds of options trades that can decimate an account though. Covered calls....I know some use the Snider method with success. I’ve only traded covered calls in my account on stocks I was ready to sell. Instead of flat out selling a stock, I’d sell covered calls against it until the options got exercised and then I’d get a better price for the stock than selling with a limit order, or make some extra premium while I waited. I’m interested to see about cash secured puts. If those are available to trade, I would only use that to buy stock I wanted to own anyway, or make some premium in the mean time while I waited for the stock to pull back.

 

this is what I was thinking of doing in IRA or 401. Seems like a low threat way of making a little extra if you are buying or selling regardless.

BTW...This seems to be exactly what Snider method does once a month. Huge thread on chit chat about SM on the investing sub forum

 

How and where do you purchase warrants?

 

Seneca can do a better job, but here is where you can find warrants........

https://www.marketwatch.com/tools/markets/warrants/a-z


Here is part of an offering from aug 2019 on a SPAC for EXPC which is bringing a company called BLADE to market. The warrant is EXPCW.....



"This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus, and only whole warrants are exercisable. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. Subject to the terms and conditions described in this prospectus, we may redeem the warrants either for cash once the warrants become exercisable or for shares of our Class A common stock commencing 90 days after the warrants become exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. We have also granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units to cover over-allotments, if any."



Don't take investment advice from me....I was just curious from his post yesterday and this is what my digging with a spoon(vice a shovel) found. This is the extent of my knowledge....other than I think most initial warrants are bought from a broker(sometimes as rewards/inducements for "good" clients). They also offer warrants on less speculative stocks like AIG....those act like LEAP's

 

Warrants can be bought through any broker. The broker may have to be prodded but they are listed securities so the broker can trade them for you. Due diligence is necessary. I recommended a writer earlier in the thread Ed Thorpe. His hedge fund traded warrants and options and made 20% + every year for twenty years. His book is a good place to learn. Warrants are essentially a call but less volatile and time is not a factor. If you have risk money warrants on new SPACs and troubled companies can be a good gamble. Buffett bought some very cheap ones during the 2008 crash and made billions.

 

40 Side Hustle ideas for 2021
Side Hustles from Millennial Money Man

No surprise my favorite is #37 - Rental Property
Rental property is about as exciting as watching grass grow, paint dry, concrete cure, water boil, etc you get the point. Buy income producing assets, tenants cover the costs plus cashflow, inflation wipes out the real value of the debt, while increasing cash flow relative to debt payments. You don't get the dopamine rush of trading options, futures or warrants, so if you need the excitement find a hobby. RE moves at a slow and steady pace, plus you have the federal government and central banks all working in your favor.

I've been spoiled by living in a non-coastal, linear market that works well for rental property. The links below look like good resources for my coastal friends looking for real estate investments that make sense.

INVESTING OUT OF STATE (biggerpockets.com)
Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties: Greene, David: 9780997584752: Amazon.com: Books


OK, back to ToS paper trade account for my dopamine.

 

Of all the real estate investors I got to know while I was in it, the most successful, by far, bought houses near colleges. He broke them up into as many rental units as he could get and had the parents sign the leases. He printed money.

 

That has been a great strategy for years. It works especially well for parents who can put a college student on the payroll. Well capitalized REITs have gotten in on the game also. The growth of student housing around several universities I'm familiar with has exploded. My biggest concern with these niche markets is how rapidly a move against the niche can wipe you out. Reduced in class attendance as major universities continue moving classes online poses a huge risk in this area. Another previous "money printing" niche market was converting large homes into assisted living facilities. More people are opting for at home care. The VRBO niche has been hot as well, but that industry doesn't have the political capital to compete with Marriott, Hilton and Hyatt. Legislation and HOAs are slowing down that once hot segment.

There are sliding scales of capital and time that investors can use to find their fit. Many of the niche markets are fantastic for investors with higher time to capital ratios.

Lots of real estate investors get stuck in their niche and don't have a plan to scale. You can double from one house to two or 5-10 pretty easily. Above that, it gets progressively more difficult. As capital grows, time remains finite and you have to find ways to scale. Generally that means having a geographically concentrated income source. 50+ unit apartment, 300+ unit self storage, X+ unit RV park, a couple dozen homes in a 3 mile radius, etc.

The most successful investors I know have successfully scaled out of houses and into larger commercial property. Some have scaled by deploying their growing capital into passive deals rather than taking on more employees or tenants.

 

Been enjoying this thread. Thx to all contributors.