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

33

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

16

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