@LukeGromen Hi Luke, huge fan. Canโt get enough of your work lately. My question is this: If the Straight of Hormuz is such a checkmate for Iran why havenโt they exploited this option prior to now? Is it as simple as they havenโt had to until now, or is it possibleโฆ.
@RealRickRule Hard to read this without feeling uneasy and startled by the facts, while at the same time feeling numb to it because this has been the status quo for so long.
If you were 40 years younger tomorrow with a much more modest net worth, what would your game plan be Mr. Rule?
@optionspreader on markets and economics, and the podcast youโre on with cashflow is one of the best out there. You three are truly a wealth of knowledge in a world of get rich quick mindsets. Thanks for all you guys do. @andytannerstock
-Ryan
@optionspreader overvalued and wonโt get hammered in a market crash though. Currently my wife and I are saving for our first house, so weโre mostly all in T-bills through an etf earning a safe modest return and then selling a bit of option premium on the side. Anyways I really respect your views
@optionspreader Good call! This definitely proved true the other day with markets surging higher on the tariff news. I actually hope it keeps going down. Trying to follow your advice of buying assets every week and compounding wealth. Very difficult to find reasonably priced assets that arenโt
@optionspreader just a handful of bad trades can wipe out profits even with a stop loss. Most months work but very slow growth. Fearful to hold any stocks at these valuations that could easily be cut in half so Iโm only selling options.
@optionspreader Hey, love the podcasts with you @andytannerstock and Noah. Wondering if you three have any thoughts on a strategy of selling only low delta otm credit spreads and cash secured puts for long term passive income. Modest position size each trade, win rates are high but of course
@adamtaggart Planning on going to Kauai for my honeymoon this year. Any recommendations on reasonably priced lodging and must see spots? Also congrats on Honesty Money!
@LukeGromen@DoombergT In your opinion, what is an appropriate percentage of oneโs net worth to allocate into physical gold, knowing that central banks may hold things together for much longer while your gold yields nothing, or it could be SHTF at any moment. Thanks, big fan of your work.
@adamtaggart Agree. RE has done too well for too long that itโs become the safe haven choice for most that can afford it. A govt 31T in debt would be wise to start squeezing this concentrated wealth through higher taxes, which would inevitably drive down prices and demand. As a millennial..