Quote:
Originally Posted by ment52
Subscribing to see the answers to this . I can't really put a finger on what the exact equity would be, but I'd be super conservative, because the demotivating and debilitating effect of having to "grind it back" would make a missed flip a double loss.
e: the immediate effect to ones hourly with an increase of 1.5x to the br vs losing half of it is of course just a quick mafs question.
Welcome!
And ty for sharing your thoughts.
No right answers for any of these questions if that wasn't clear. I like playing around with a variance calculator and excel a bit for this kind of problem to relax occasionally- but didn't come to any extraordinary conclusions wrt this specific question
Quote:
Originally Posted by 2021shipit
At 10k and 100k I'd need serious equity, at least 65ish %.
At 1m, even if I lose I'm left with a huge roll that I wouldn't know what to do with. So I'd only need like 55% equity.
Ty for sharing!
Keep in mind that even if you can't add to it in this hypothetical, you can take out of the roll, if that wasn't implied. So losing the 500k would also be pretty treacherous, just in a different way. Given it's not quite "set for life' kind of money (for many of the posters)
No right answers though!
Quote:
Originally Posted by SimpleRick
Ty for sharing, sir!
Week has started off slow, the 2-3 hours a sleep a night in May/June catching up with me slightly.
My mom likes watching the clippers/lakers and basketball (as do I), so I thought I'd surprise her with some nice seats to game 6 of clips-jazz this Friday night. She'll be very happy!
i wish the kawhi news came out a bit earlier as I could've gotten floor seats today for the price I paid yesterday but no biggie, just grateful to be going. should be a fun time
Also been playing some 1k live. Boring, but just happy to be there