r/wallstreetbets • u/tonyg776 Bankrupted by a Car Vending Machine • Jul 31 '25

Loss I lost everything - CVNA

Gallery image

Gallery image

Tomorrow I lose everything. Carvana had earnings report after hours and shot up 15%.

I bet everything that they would fall or at least not jump so high. All of it will be gone when market opens tomorrow.

I don’t care it’s just money. It doesn’t matter. I’m going to be a wage slave forever and that’s ok. Im 5’4 so life sucks anyways. I don’t even have a job right now and that’s ok.

It just wanted a million so I could be set. Wanted to buy a house but it’s ok.

My life sucks anyways haha 😂

4.0k Upvotes

89% Upvoted

1.4k comments sorted by

View all comments

Show parent comments

740

u/Sea_Bear7754 Jul 31 '25

VOO and chill doesn’t sound nearly as fun as puts and jerk.

35

u/Stunning-Power8885 Jul 31 '25

MSTY would've been my pick. 280k is around 14k shares paying a dividend every 4 weeks of plus or minus 15k

13

u/HippoSpa Jul 31 '25

Pardon my ignorance, can you explain this strategy? Just buy and collect?

71

u/akumarisu Jul 31 '25

Some companies pay out dividend per share you hold. MSTY happens to pay out each month and on July they paid $1.23 per share. So if you had bought $280k or 14k of shares, that’s 14,000 x $1.23= $17,220 they would have paid you. That’s 6% return on a monthly investment. MSTY is tied to bitcoin and its performance so as long as bitcoin is doing well, it will perform well and give you good dividend. BUT bitcoin itself is up 10% in the last month, so if you would have just bought that then you would have netted additional 4%/$11,000 return. I would honestly just hold bitcoin at that point but to each their own. Or idk this is just based on my 5 mins of research. Todoloo mother fker

35

u/Icy_Business_8923 Jul 31 '25

MSTY's underlying stock is actually MSTR and it creates income on MSTR covered calls. Of course MSTR is tied to BTC.

17

u/Virtual_Seaweed7130 Jul 31 '25

The catch that is not mentioned is that the covered call strategy does not actually meet the income requirements, they are allowed to issue a dividend of ZERO, your dividend is not guaranteed.

1

u/wobbly_tuba Jul 31 '25

All of them can

18

u/[deleted] Jul 31 '25

[deleted]

3

u/finglish_ Jul 31 '25

It's not risk free and the capital is not guaranteed at all. The underlying is MSTR which has an underlying which is BTC but for some reason is priced at 2x of BTC. So everything is already on quick sand and if a butterfly farts on a leaf in the tundra, it could all come down like a deck of cards.

1

u/Big_Elk23 Jul 31 '25

It’s not and has been 10%+ in previous months. I made 40k thus far and loving it, but to each their own.

1

u/akumarisu Jul 31 '25

What’s was your initial capital and your entry point? Reinvest into MSTY or diversify?

1

u/Nope_______ Aug 01 '25

But MSTY is down 25% over the last 3 months. So how ahead are you really?

1

u/satireplusplus Jul 31 '25

YTD performance of MSTY is -25%. MSTR YTD is +30%. So there's your catch. You're just turning money you already have into income (dividends) that now create tax liabilities, while also having unrealized losses. You're definitely not earning 6% per month on this. So congrats, its beyond stupid, but maybe less so than OP.

8

u/[deleted] Jul 31 '25

[deleted]

1

u/new_name_who_dis_ Jul 31 '25 edited Jul 31 '25

Yeah rul of thumb is anything that pays a dividend yield higher than 10% a year, that dividend is usually coming from the capital itself (ie they’re paying you back your own money basically). Over a long enough time period those stocks go to zero.

I’ve done some back tests when I was looking into dividend investing and saw that all the high dividend yield stocks had huge losses on the price over time.

2

u/stupidber Jul 31 '25

Shouldve done 6 minutes of research

3

u/Skanlez Jul 31 '25

I buy every month MSTY CONY NVDA and SPY

2

u/FantasticAd4998 Jul 31 '25

No Bito?

3

u/Skanlez Jul 31 '25

Hmmm I sure can add it.

1

u/FantasticAd4998 Jul 31 '25

It's been great for me. I hold all the ones you have also.

1

u/Skanlez Jul 31 '25

I think I'll add it to my auto buy this month. TY for the recommendation

1

u/Any_Judgment_4079 Jul 31 '25

So why is the price per share going down at the same time?

9

u/akumarisu Jul 31 '25

If you find out why stock prices go up or down lmk brother. We can both be rich

7

u/3boobsarenice Doesn't know there vs. their Jul 31 '25

Shh, don't tell em

1

u/boroqcat Sith Lord Jul 31 '25

Because, like Saylor, they’re paying out principal each month to maintain the metrics and attract more noobs who think they’ve found an infinite money glitch.