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Message: <blockquote data-quote="Suigin Trismegistus" data-source="post: 84739" data-attributes="member: 487">If you're starting from a clean slate, it's not that hard to build up credit fast with a couple of credit cards and some tricks. Just use the credit cards to buy what you would normally purchase and pay it off fully every month. Never pay any interest. Earn the cashback and points. If you don't have the discipline to do this, then you have no right to demand being wealthy.Taking out business credit under an LLC means you're not nearly as liable if it doesn't work out and you're not able to pay it all back, it's no where near as risky as student loan debt. You'll probably want to set up the LLC as a "consulting business", but really you'll be doing trading with it and you will also use it to set up a margin account with a brokerage firm.Yes, most of the masses invest in managed portfolios in their 401k or IRA as you say, because they were told that's the low risk way of building retirement, not realizing that if they had only spent time learning to invest and trade on their own they could cut that time down significantly.The lower risk strategy I would use if I had 250k to trade with starting out would be by focusing on selling put options (cash/margin secured short puts) with 0.3 delta and expiration out 2-3 months as my bread and butter, which will generate immediate income. Using specific strategies and risk management in selling puts, it's totally possible to generate around 40% income per year, give or take. That's 100k. Could be harder in a serious bear market affecting a lot of different sectors, but in any other year it's doable. When selling put options, I'd probably want to close the trade after 50% profit or before ~20 days to expiration at less profit, allowing me to reopen the trade and really crank up the premiums I'm collecting.However, I may identify some stocks where I actually want to hold the shares, so I'd sell put options with the goal of taking them to expiration and getting assigned, meaning I would acquire the shares at the strike price of the short put option. Then I'd run what's known as the wheel strategy, sell covered calls until assignment to generate even more income on the stock, then rinse and repeat. Sell puts -> acquire shares -> sell covered calls -> sell shares at profit.With the money I would get from selling puts and covered calls every week/month, I would use that to buy deep ITM LEAPS with an 0.8 delta and lots of open interest/liquidity on stocks I've identified a good entry on to really leverage up and hopefully get some massive gains.Doing all of this, particularily with the aid of LEAPS, you could potentially push this up to earning a full 100% or more per year off your initial starting capital. Requires some luck of course. If it's a bad year, and you start getting stopped out a lot, you would have to either run for the hills and/or rotate to a different sector (ie. if tech stocks are crashing, but gold miners or uranium miners are pumping, go where the money is flowing).If your broker supports margin secured puts (this is ideal) then you don't have to leave as much cash sitting there to secure the puts, and instead can throw it in a money market ETF to generate 3-4% with monthly distributions and then pull it out if you're getting close to assignment on puts that are ITM. Some brokers will automatically give you yield for any cash just sitting there too.It sounds complicated, and anyone wanting to do this would have to invest at least a few months of time into learning everything first, but the beauty of it all is there are websites and software you can use to backtest any options strategy before you put any real money up. And you can see for yourself that 40% profits is easy, and with some luck and smarts you can push it up higher.[ATTACH=full]18257[/ATTACH]</blockquote>

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