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this post was submitted on 11 Apr 2024
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No Stupid Questions
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No such thing. Ask away!
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Don't be put off by my jargon and in depth explanation. It is actually STUPID simple to do this. Do a SMALL bit of research and then use a Stock Market simulator to simulate a small purchase Call Option on the S&P 500 for 2 or 3 years. Then leave it. Don't look at it don't think about it forget about it.
Come back in 2 to 3 years and look at your simulated account. If the US did not go into a recession in the last 2 to 3 years you will have at least doubled your simulated money. After that do it for real.
Or you could be like me and walk away in disgust. It just made me very jaded about US economics and modern capitalism.