The entrepreneur had already enjoyed a stellar run during the stock market’s “Trump bump,” but, with the year winding down, he identified what he believed to be an opportunity for reaping next-level gains.
According to the Huffington Post, no other candidate’s campaign announcement up to that point, aside from Donald Trump’s, racked up clicks like Oliverez’s.“I filed just for fun ... but ended up getting a fair amount of attention,” Oliverez told MarketWatch. “It was a great learning experience, too — from the YouTube comments I learned I was too liberal and that I should go back to Mexico.”
But that didn’t keep Oliverez from committing to his risky play. “I started buying the options around Thanksgiving, and by the end of December, I’d sunk $100,000 into them,” he said. “If the stock market didn’t see a huge spike up very quickly in the new year I’d lose it all. Turned out to be one of the best Januarys in history. Once the options made it into the money, they started going up real fast.
“I bought a new house with cash, so no mortgage, car was already paid off, no student loans , and the kids’ college accounts are funded, so I don’t have a ton of monthly expenses,” he said. “I work for myself, but I was able to take most of the year off to celebrate.” He does feel the pull to make another bold play, but that won’t happen for awhile. Oliverez, who jokes that he’s an Instagram model now, is satisfied taking the safer route and sticking primarily to passive investing in U.S. equities and real estate.
He really called it! Bravo!
Is this an ad for etrade or something?
Way to Go! Keep up the good worl!
And now I'm putting $100,000 in S&P puts. Look at me later
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