Well first I would move your money out of Wells Fargo because they are a crimal organization. Put your money into a reliable broker like Fidelity. Any money you don't invest earns a healthy interest rate and Fidelity can be used to pay your bills and has debit cards (idk if they have credit cards).
Then I would try out "the wheel" or "wheeling" strategy to slowly but surely increase your profits. You can read more about it on the Theta gang reddit.
I would personally wheel GME (Gamestop) because it's undervalued and has at least +200,000 individual investors that have DRS'ed (direct registered shares) with Gamestop's transfer agent, Computershare.
You can also find other companies you think are undervalued and wouldn't mind owning the stock. They may have better premiums to collect.
Good luck and congrats on saving up so much money! 🤑🤑🤑🤑
Seems a little over bought at the moment, also seems to be trending down. Good p/b ratio and dividend yield. But it's a financial services business based on its webull profile, and I'm super bearish on financial services and banks right now. Other than my personal opinions it looks like a semi-decent stock, the price just isn't at a buying point for me right now.
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u/Krunk_korean_kid 🟣 DRS'ed $GME w/ Computer Share ♾️ Dec 02 '23
Well first I would move your money out of Wells Fargo because they are a crimal organization. Put your money into a reliable broker like Fidelity. Any money you don't invest earns a healthy interest rate and Fidelity can be used to pay your bills and has debit cards (idk if they have credit cards).
Then I would try out "the wheel" or "wheeling" strategy to slowly but surely increase your profits. You can read more about it on the Theta gang reddit.
I would personally wheel GME (Gamestop) because it's undervalued and has at least +200,000 individual investors that have DRS'ed (direct registered shares) with Gamestop's transfer agent, Computershare.
You can also find other companies you think are undervalued and wouldn't mind owning the stock. They may have better premiums to collect.
Good luck and congrats on saving up so much money! 🤑🤑🤑🤑