Interesting that I didn’t get an email notification about this episode airing…the Mechanic must have been trying to reduce listenership of this one!!
Found the beginning very funny. We’re here to …something about a road map…and something about repairing your finances with tools …
You guys didn’t talk about trading crypto and weed stock options from your margin accounts!
Is this something I should do???
I must have forgotten to schedule the email for this one…We are using a new email program too, so I’m not up to speed on scheduling episode notifications. I’ll leave you question up to The Accountant, he’s in the derivatives market!!
This is such a fun episode. I don’t have much direct experience with options, but I do have a lot of second-hand experience.
I believe that buying options is too risky, and not just because you could lose your money. Too often I see people play with options and it ends up having a very negative effect on their mental health. There’s this “what if” factor that encourages people (often young men) into gambling more they can afford to lose, hoping for a big payday and to become a fulltime “trader”. It also has this patina of investing – because it involves the stock market – which allows them to gamble with thousands more than they would be willing to lose in a regular casino.
Haha, spot on!! I’m a couple days away from losing my shirt on a poor options trade. Clearly I’m not cut out to be a gambler…
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