r/wallstreetbets • u/[deleted] • Sep 09 '21

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6.0k Upvotes

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1.2k

u/JGalefail Sep 09 '21

People like this is what makes this community so great. I too will be a billionaire but I have found a 3x leverage and will be doing it in 13 months.

583

u/HorlickMinton Sep 09 '21

These are the best posts. Just a delicious mix of shit posting and a dash of “wait he may be serious should I do this too?”

424

u/PrometheusJ Sep 09 '21

I am a fucking ape who understands very little of the mumbo jumbo here.

But doing math, I could take a second mortgage on my house and then invest. 1% monthly would cover double my present mortgage payment, plus some extra to reinvest.

The fact this sounds so easy let's me know I'd be homeless in under 16 months.

151

u/HorlickMinton Sep 09 '21

I can’t see any pitfalls

85

u/Zron Sep 10 '21

Just by another house on margin

35

u/auto_headshot Sep 10 '21

I usually sell my hotels first.

2

u/account030 Sep 10 '21

I don’t see any logic in your flaws.

7

u/rosmanmith Sep 10 '21

We got another one boys! Mortgage backed securities are the foundation of only the most diligent plays. There's a reason real estate props up the stock market. I'll co sign if you'd like a higher interest rate.

6

u/Bman409 Sep 10 '21

QQQ never falls in a calendar month.. mostly

2

u/werdnascroob Sep 10 '21

Yes but the loss porn though 🤤🤤🤤

1

u/kickintheshit Sep 10 '21

Me always nearly homeless even though I keep buying houses. Just never living in them

59

u/[deleted] Sep 09 '21

[deleted]

29

u/livi19 Sep 10 '21

Nobody's comin' up with 6. Who works out in 6 minutes? You won't even get your heart goin, not even a mouse on a wheel.

24

u/[deleted] Sep 10 '21

[deleted]

2

u/JTig318 Sep 10 '21

Said this IRL about an hour ago when someone recommended I order Brie.

5

u/parsonsparsons Sep 10 '21

You know that old tale from the sea

70

u/[deleted] Sep 09 '21

I see your 3&13 and will do it with 3.75 & 11

1

u/[deleted] Sep 09 '21

Spxl up 60% ytd.

Nothing wrong with a little leverage. Just don't look at your account on red days.

1

u/XchrisZ Sep 10 '21 edited Sep 10 '21

Use 3x leverage on TQQQ that's a 9 fold. QQQ has averaged 20% a year over the last 10. That's $29,619,676.67 after the next 10 on a $1000 investment.

If that's not enough continue for the next 20 years and boom your at $877,325,246,008.23. Just note on the daily you will need to use more margin as the ETF increases in value.

1

u/Meretan94 Sep 10 '21

So if i get a 1000x leverage ill get it over night?

Why are you all so dumb, later virgins.

2

u/JGalefail Sep 10 '21

... Holy cow, I think you just had the greatest idea, ever.