How would y’all grow 300k cash to 1M in a year?

funnylike
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Weed. Legal cannibas, no joke.

Nope. I’ve went about 3x on my money in legit cannibas production.

I would do a 10:3 call spread on SP500 / SPY.
Buy the SPY Jan-2023 550 - 560 call spread.
Pay about 7.30 for the 550 call, collect about 4.30 for the 560 call - net outlay of $3 (aka $300 nominal), buy 1000 lot of it - so you put your full $300k to work. If SPY closes above 560 in Jan 2023, you’ll have turned 300k to 1M. This is the single most risk neutral bet you can make with your 300k to 1M target (ie it is very fairly priced risk vs reward, given the efficiency of equity option markets)

likehelpful

Well you’re prolly not turning 300k to 1M selling put spreads as OP had asked. It’s a different trade w a different risk profile.

like
Recent IconRecent

Trading. 100k to 1.2M this past yr

like

I took some loss recently. Also some gains in other accts. But this is main P/L

Post Photo
like

Sell drugs

likefunny

You don’t. At least not reproducibly.

like

Better odds at baccarat than at roulette. But if you must do roulette, play a table with only a single zero.

Put it all in doge and beg Elon to tweet

like

Just go to Vegas and play whatever game you undertstand the best. Quit when you $1M or lose your money.

likefunny

Buy a foreclosed tear down house in Los Angeles in specific locations. Build a new house by hand (so material only cost). Can turn that into 1M.

like

Selective flipping is an idea

Btc/eth

like

Put it on a 3 team parlay

likefunny

Gambling. It was a joke

Bet on crypto is only possible answer

like

Buy 6 bitcoin

like

Use the money to hire top of the line bank robbers

funny

Now this is the type of insight that clients pay us consultants for

If you’re willing to lose it all, your best bet is options trading on high volatility stocks. Gme, amc, tsla, wish, clov, etc. literally hop on the WSB bandwagon and keep buying calls. I went 3x on calls across those in 3 months. Also lost 75% of those gains in the span of a month. Other best bet would be crypto gambling or the roulette table.

like

The strategicist of initiatives

300k on black and pray you win twice

Related Posts

like

Booyahh, landed hedge fund number 2 for IPOs.

like

HNY all! I have multiple rollover and traditional IRAs, as well as a solo 401k. But (since I started paying attention to this kind of thing) have always been over the income limit to start a Roth IRA. I’ve also not done much contributing in the last few years due to purchasing an apartment and saving for renovations. Cue pandemic joblessness... if married filing separately, would you say it’s a good idea to start a Roth while under the income limit, even in this climate? Any reason not to?

like

How do you all plan for retirement while in the Middle East (especially for European folks)? Did you sign up for your home country retirement plan while abroad ? (My home country offers it but at a very high cost)

likehelpful

Recent college grad with ~$25k in student loan debt and no investments. I have about $10k I want to invest but I have no idea where to start. Please help

Best book you've read recently on personal finance?

like

Hello guys,

How much % of salary do you save?

While mentioning %, please let us know if you are married/unmarried, pay rent or not.

Just want to know if 70% is enough for a single man who does not pay rent. Or am I saving less money?

like

Luggage delay claim question

I used Chase explorer to buy tickets for my vacation and luggages were delayed for a month. Per chase term I am entitled $100 a day for 3 days. But the claim agency chase used has been asking for airlines response, which has not came (2month+ now). I am concerned insurance will use this as an excuse to never compensate. Is there a good way to handle this situation?
TIA

like

Really hoping to avoid judgment on this post. Has anyone had to sign up for government or state assistance after becoming unemployed? Was the process difficult? I have a young son who's at home with me all day right now and I'm looking for a job that I can work from home, but in the meantime we need to eat and I need to pay my rent. Thanks for any advice.

like

All my six-figure salary consultant friends are ranting about how poor they feel right now because their IRAs/portfolios are down. Think the people in this industry need to take time to volunteer or engage with some tougher parts of town and understand that by virtue of even having investment accounts, that they’re more financially safe than at least 50% of America. Sad to see

likefunnysmart

Recently started with a new company. What do I do with my HSA account from my previous employer? The brokerage used for the HsA is a prohibited entity at the new company, and my personal brokerage doesn’t support HSA accounts.

like

I haven’t had much luck on fiverr with my gigs. Really eager to start a side gig and have a second source of income. Any suggestions or insight would be great!

like

I made a mistake starting SIP in a ULIP. Used to invest 7500 per month starting from November 2018. I have discontinued my premium payments since last year. That is when my fund was moved to an interim surrender state and now it earns 4% per annum interest.

After 5 years of lock-in that is November 2023, can i withdraw the entire amount at a time? (Of course after paying surrender charges)

like

What is keeping bitcoin as the most valuable cryptocurrency?

like

Pre-approved for a home but the rate lock expired and now we have to re apply. My husband lets me know his credit score dropped 111 points because of credit card utilization. Even if we get it below 30% ( which we can) not sure it will quickly reflect. I also added him as an authorized user on a high limit credit card I have. Any other suggestions besides trading him in lbs

like

Currently have chase sapphire but thinking of switching to Reserve. Should I?
Wife will also be authorized user, we do travel and will use this card for all our purchases

like

How do people feel about Tesla ? Buy ?

What were people's 401k /pension balances at 30?

Feeling behind at $40k but making big headway now saving 10% and pwc wealth builder at 6, (26k a year on 160k)

like

31, $155 base, expenses 2300mo, 30k investment, only debt is 500k house. Is it too late? How far behind am I? If I throw all of my cash moving forward at investments and mortgage can I recover?

like

Hello fishes, will be really insightful to understand cost of living in Doha for a single person. Rent + food and other expenses manageable at 8-10k QAR/ month?

like

More Posts

Can anybody of you please share the American Express Holiday Calendar from Sept to Dec ?

like

S&O question:

What/ who is that in the bowl logo? Is that our official logo? Is he praying or about to kick someone's butt? If I grow a beard like that...client acceptable?

like

Just turned 3 months old and experienced his first snow day 🐶.

Post Photo
like

Hey folks does Mindtree send any rejection mail? I was interviewed for the role Technical Lead and cleared the technical round and Managerial round also went well. It almost 2 weeks now and no response from the HR.

like

Hello everyone,
Has anyone interviewed for buyer/purchasing Analyst role at Caterpillar? Any advice?

What are the best investment books or authors for beginners? What are the best podcasts, YouTube channels or bloggers to follow? What are your favorite stock trading platforms? And if you finally have six figures cash ready to invest, what's the best place to start? Which broker / financial advisor would you recommend? This is only for 3-5 years to ultimately buy a decent home for my family.

I'm clearly a dummy so any help is greatly appreciated.

like

I found using GoFormative’s free version to be very helpful in teaching new topics to my students. I embed videos I make demonstrating how to complete a question, next I ask them to complete an example showing work, and then the next question they type their answer so it automatically alerts them to see if they answered correctly. It can be used live in a meet and on an independent virtual day. In my google meets, I’m able to give feedback on any question they have trouble with in real time.

like

What is the best way you have found to give a test virtually?

like

Salary vs rent poll: Salary / Monthly Rent / Living Situation (roommates, apt type, borough?)

like

Anyone likes The Strokes? Friend got cold feet and I’m now stuck with an extra ticket to their NYE gig.

like

Hello!
Could anyone refer me to Oracle Consulting, please? I would really appreciate it!

like

Full time creatives who freelance: how do you get these freelance opportunities?

Currently working full time and have no intention of going fully freelance any time soon, but would love to know the best places/sites to look for these freelance opportunities that allow you to do your full-time responsibilities on top of some freelance work.

likehelpful

On the scale of 10 (1 being the lowest and 10 being the highest) how much would you rate SaT vs Consulting in terms of quality of work, growth opportunities and salary component?

like

Any tips or feedback on being a newbie at Google? Starting an ABP position within the next few weeks.

like

Hi,
I had call with the HR for he position based out of Mumbai everything in interview and they are ready to share the offer. however, I quoted for 10 lakhs and they said for fixed pay of 8.75.
Although, i checked on Google as well average pay they are giving is 9.7 lakh
So should I accept the offer as per their negotiation or shall positively tell them why 10 lakh is justified?

I have received offer from Wipro which is little above than the offer that I am holding but fixed pay is less. Thinking of rejecting Wipro offer. Is it better to reject or accept and then not join. Also if I reject, will there be any issue like they won't consider me in future?Tata Consultancy Wipro Cognizant Infosys

like

How is work life balance at Citi Risk Team?

like

I have $20k student loans and have been paying $1k per month throughout pandemic to lower the balance. Would you continue to do this? I could pay them off, stop payments in hope of debt relief or keep up with current strategy. TIA

like

I finally at a place where I could buy groceries without checking the prices. In the past I wouldn't buy something I so desired if it's a bit pricy.

like

Additional Posts in Compensation in Consulting

Hi all, just looking for a range, what should should someone with ~3YOE in consulting (targeting Senior Associate) expect for a base salary.

And when giving a range is it better to overshoot knowing they’ll bring it down?

like

What is the salary like for a AWS Architect in consulting with 14 years IT experience?

like

Sa1, 98 base so ya a little. Depends on what you do too though

like

What would you suggest as a salary % increase to jump to another firm? I’m being recruited for a Sr Mgr role at EY which looks like a promising opportunity. Any comp sites other than glass door?

like

Hello! Looking at an opportunity with established startup in UK that's just been acquired by a large co. I'm US based and my salary is around $250k (NYC) -I've been asked my expectation without the startup giving me a range to work from (though I've asked). I'm not sure how to reply to them because I have a feeling that my requirement may be out of their range and while I don't want to undercut my value, I also don't want to be cut out of the process because it's an interesting co. Any advice?

like

What’s BCG digital ventures comp model like?

likehelpful

EYP fishes - what is the expected comp within strategy with 3 YOE?

like
like

$210k TC in Bay Area (Consulting) or new offer: $220k TC in Austin (FAANG)?

like

What’s the normal bump from entry level consultant to next step up? Ibm seems to be from 73 —> 90

Curious what other firms offer

like

I am in Audit, started w/ one of the Big 4. Started at 68k finally be making above 100k with this new job. The new job is in NYC paying 120k. Never thought this would happen just grateful atm...3YOE

likeuplifting

What kind of compensation/titles have former financial consultants/restructuring/TAS folks got when they go to industry?

like

Realized my tax withholding has been from NY (company based in nyc) instead of NJ (where I live)… I’m assuming this has to be changed asap with HR? And prob leaving money on the table…

like

What is the pay range for Senior Manager at West Monroe Partners? Should I expect a base of 175k? What is bonus range?

like

What are some negotiation scripts you people have used to negotiate a higher salary after the initial offer?

like

Anyone start there career at GE as an FMP? Deciding if I should go get my MBA or if the program holds weight. Feeling like I got conned while in college

like

Need advice from the forum as I am confused between the two offers. Thank you in advance.

Currently working as Business Consultant + Project Manager w midsize tech consulting firm : 12 YOE + current TC 125k

Offers :
1. Local Bank >> Business Change management role (COO org) >> 152k Base + 30k bonus(to be paid in March 2023) + challenging work culture + 3 months NP

2. Global Bank >> BA + PM role (CTO org) >> 160k Base + 20k bonus( to be paid in Mar 2023) + Regular work culture + 2 months NP

like

What is the comp range for Deloitte Human Capital (in federal) at the Consultant level (after being promoted from analyst)?

like

Thoughts on Google L5 non-tech offer? Sales S&O GCP. ~8 YOE in both Fortune 100 and SaaS companies. No MBA.

Base: 165K
Bonus: 15%
Equity: 155K (on new front loaded vesting schedule)
Sign on: 20K

like

Interviewer asked what my current salary / bonus is and I told them.

I got the offer and it’s exactly the same base/bonus as my current role. (Though they’ll also give me so stock options in the private company).

Can you share what is reasonable % increase to get for salary / bonus when switching jobs? I know the team really likes me.

funnylike

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal