Message from @ThisIsChris
Discord ID: 503795662719156224
I don't follow that advice, for better or worse
I remember I bought VIX when I was 18 and dumb because I KNEW the stock market was about to crash
Owning a VIX ETF is a good hedge since it’s got like an -0.8 correlation with SPY
Notice I said hedge
This is for diminishing risk, if the market is doing well, as it has been, it’s going to lose money
Expect it in the long haul to lose money
Is there a way I can find top secret information on when the Jews are going to crash the market?
Yeah if you want to "hedge" spy isn't it usually just better to hold less of it? for normal retail investors?
Yeah the fed open market committee meets pretty regularly
IE should all buy vix and find a way to crash the market
@ThisIsChris for sure. I’m an alternatives analyst at my school’s investment fund, so a lot of what I do is mitigating risk and hedging
@ophiuchus that's really cool
IE should have its own value investment fund
surely 800 of us can do it?
IE having the ability to crash the market... oy vey
There's a MAGA ETF
@ophiuchus do you know about weather derivatives? I was looking into it for a long time but I don't think retail people can trade them
I know what they are but I have very little (none) experience with them
As part of our IPS, we’re only allowed to long things as well. Which is frustrating.
Investor policy statement
@Jacob Yeah I made money off it!
@ophiuchus can you long inverse ETFs?
Yes
It was nice for awhile
And do
Can you long puts?
@VinceChaos I made money investing in private prisons lmao
Yeah options are fine
literally a company that helps with deportations
Only long calls and puts tho
@ophiuchus no spreads?
Also, retardedly, only European options
what European options are out there besides SPX?
also yeah that is a bizarre restriction
Aye, there’s the rub
although I guess it simplifies things
@Jacob gotta do your part even indirectly