by Recyclersteve » Sat Nov 02, 2024 3:02 am
Random question- Let’s say you badly need $100 in a hurry. No job, expenses, maybe something even bigger. What could or would you do quickly to get fast money?
My thought: I could easily throw the A,B,C’s (aluminum, brass and copper) into my car to go to the scrap yard.
Runner-up: Trade a stock- could probably get a few thousand quickly, but you have to wait til the next day before the trade settles and you can have cash.
Very curious to hear the random answers on this one.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.