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<blockquote data-quote="moreluck" data-source="post: 3296829" data-attributes="member: 1246"><p>You can use the stock you have (without selling it) to make money. (Hypo)</p><p>I'm not a financial advisor, but not using your stock to make money is like storing your cash under your mattress.</p><p>I'm going to owe a quarter of a million in taxes this year......That's because of options and money made from them and it cost nothing to get them. Risk is involved, but due diligence becomes your hobby.</p><p> Be sure and ask a financial guy about options and how to leverage or hypo your stock. We're more aggressive and slowing down as we get older.</p><p> Hypo-ing stock got us downpayments for 13 rentals.....back when people put 20% down. They paid for themselves and doubled in value when it came time to sell them.</p><p>Doing options, somedays we can make $90,000 or $150,000 and it's usually involving Priceline and Amazon but it's UPS stock that enables us to do this.</p></blockquote><p></p>
[QUOTE="moreluck, post: 3296829, member: 1246"] You can use the stock you have (without selling it) to make money. (Hypo) I'm not a financial advisor, but not using your stock to make money is like storing your cash under your mattress. I'm going to owe a quarter of a million in taxes this year......That's because of options and money made from them and it cost nothing to get them. Risk is involved, but due diligence becomes your hobby. Be sure and ask a financial guy about options and how to leverage or hypo your stock. We're more aggressive and slowing down as we get older. Hypo-ing stock got us downpayments for 13 rentals.....back when people put 20% down. They paid for themselves and doubled in value when it came time to sell them. Doing options, somedays we can make $90,000 or $150,000 and it's usually involving Priceline and Amazon but it's UPS stock that enables us to do this. [/QUOTE]
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