Lmao. Yeah you have to be careful to make sure they understand the risks. They need to understand 10% average YoY is not the same as 10% every year. I’ve no background in finance so I don’t know if I know enough to make sure I gave her the best advice but it was based on my understanding and prior experience.
Also, I think a friend of hers was trying to get her to sell covered calls. While well intentioned and technically low risk, it’s complex. If you screw anything up setting up the covered calls it can end disastrous. Also it will complicate your taxes.
Lmao. Yeah you have to be careful to make sure they understand the risks. They need to understand 10% average YoY is not the same as 10% every year. I’ve no background in finance so I don’t know if I know enough to make sure I gave her the best advice but it was based on my understanding and prior experience.
Also, I think a friend of hers was trying to get her to sell covered calls. While well intentioned and technically low risk, it’s complex. If you screw anything up setting up the covered calls it can end disastrous. Also it will complicate your taxes.