And that's why there's no way I'd do it without extreme trust.
On 1/11/21 11:13 AM, Chuck McCown via AF wrote:
I had a business partner lose every dollar he gave a guy like that.
Sent from my iPhone
On Jan 11, 2021, at 8:55 AM, Matt Hoppes <mattli...@rivervalleyinternet.net>
wrote:
We have a sizeable amount of money sitting in a bank account right. This has
been collected from various jobs that were rather ludicrous over the past year.
There are several options for what we can do with these funds.... we can let
them sit in a bank account until we need them and use them, and then go away.
Or we can invest them (which I've started doing). However, this is one more
thing to add to my plate of things to manage on a daily/weekly basis.
Through investing in ETFs and purchasing Option Call/Puts I've been able to
return about $1,000/day. This isn't consistent - but over a week a gain of
several thousand is not out of the question. Even on a market red day like
today, our portfolio is up.
My question is, has anyone here either done it, or considered hiring a
full-time person to essentially manage surplus cash and make it print more cash
through investing? If done right, I feel like this could potentially finance
a lot of future projects we want to build. Of course, hire the wrong person
and you lose all that money...
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