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Hail Mary: William L Silber on The Power of Nothing to Lose with Tobias Carlisle on The Acquirers Podcast

The Acquirers Podcast

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How Much Money Should You Spend on Option Premiums?

If you want to accumulate wealth over your life, the first thing you got to do is work hard. Put away your money in a diversified portfolio and after 30 years it will cumulate. So if you want, you can buy some options a. The question is, how much money should you spend? And my answer is, what's your entertainment budget for the next month? Do you put away hundred dollars to go out to a fancy dinner? Do youput away 500 dollars? Do youPut away a thousand dollars? However much money you have in your entertainment budget, that's how much you should spend on option premiums.

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