How to Make $1-2K in 1-2 Weeks from $100K in Savings (willing to invest $20K at once)

So I have saved up $100K in savings but got slapped with an unexpected $1K hospital bill that I need to pay down in the next 1-2 weeks. I want to make an extra $1-2K in that time to pay down this bill so I can go back to normal: having $100K in savings rather than $99K. Do you all have any suggestions? Alternatively, I'd love to find out ways to make extra money from the $100K I have in savings. Are there any relatively simple and low-risk ways to make thousands of dollars off of my $100K: stock market potentially?

For reference, all of my accounts are in a BB I used to work at. I have $100K lying around in my checking account that I'm kind of afraid to move to my account at the BB because of the regulatory concerns around making trades (I won't trade off of confidential info obviously but am scared I'm being monitored closely all the time like all IB employees and can't be so free with investing).

I keep noticing the stock market is up and down by about 5-10% every 1-2 weeks, and I keep wondering if maybe I invested at the last low of a stock that keeps going up and down then maybe when it goes back up for a little bit in 1-2 weeks, then I can sell at that point and make a bunch of money? Obviously, I understand I shouldn't be putting that much into one stock but I do want to take advantage of the stock market as I haven't really ever invested in the stock market.

The max I'd be willing to invest honestly into something would be $20K so I guess I'm asking how to make $1-2K from $20K in 1-2 weeks.

Comments (40)

Funniest
May 10, 2020

My recommendation:

  1. Make contact with a cocaine supplier
  2. Secure 20k shipment
  3. Cut drugs with creatine to maximize value
  4. Sell drugs for profit
  5. Rinse and repeat as needed

Array

    • 12
May 14, 2020

Ok

I think you know what I am doing.

May 10, 2020

this is not "low risk" per say but if you know anyone that is skilled at spellings options you can get that money real quick. someone that really know how to capitalize on beta rn in SELLING not buying options should be able to get a handsome return with limited exposure even in this climate.

May 14, 2020

Not sure about you or OP, but I'm pretty sure I'm prohibited from trading options. Maybe just a HF thing, Id be surprised if IB cut off someone off from certain security types if they didn't work with them directly.

  • Intern in HF - Other
May 10, 2020

you want a low-risk, 5-10% return in 2 weeks. Pick one

    • 2
May 10, 2020

sell decently otm puts. otherwise start a payday loan biz and be a dirty slumlord

  • Incoming Analyst in PE - Other
May 10, 2020

Industry tag says you're in PE so assuming that's true.... just wait for your next paycheck to hit bro that'll be like $4-6k problem solved

    • 2
May 11, 2020

Stop being a cuck dude, it's 1-2k, you'll make it back in a month or two

    • 1
Most Helpful
May 11, 2020

A hospital bill is out of your control. Sometimes you just have to take a small loss.

I know the neurosis involved with money, staring at a number and wanting it to be past an arbitrary figure, but all of that is not worth it.

    • 5
May 11, 2020

Seems illogical to me if you have 100k to be afraid of 1000 emergency bill. But if you want I can help you. And please do not listen to the above posters telling you to sell calls / puts... if there is a big move you will get banged and losses are unlimited...

May 11, 2020

How can some people not realize this is a troll (and not even an especially well hidden one)?

May 11, 2020

Sounds weird but I'm genuinely serious. I know it's not a lot of money given I have $100K but I also am scared to invest this money at all given I work at a heavily regulated BB and don't want to go through the hassle of compliance that people talk about. I also pay a large amount of my money in rent every month so it's not like it's super easy to get the money back.

I think you know what I am doing.

May 11, 2020

Go on r/wsb and follow their tips

May 12, 2020

brutal

May 11, 2020

go buy 20k worth of HTZ stock (hertz car rental)
At current price of 3.33 that is 6,000 shares
Then sell 60 ATM (at the money) 2-week covered calls (implied vol is very high right now...but hard to say how long that will last, so do it now)
This will yield you 20% return in 2 weeks. or $4k
then when the calls expire, sell the stock and flatten your position

so long as HTZ doesn't declare bankruptcy, you'll do great

    • 1
May 23, 2020

This aged well.

    • 3
May 23, 2020

Haha can't say they didn't caveat "so long as HTZ doesn't declare bankruptcy"

May 11, 2020

Yeah sell a bunch of put options for stocks that your wouldn't mind owning with an exercise price that you're okay with entering at.

Or just nut up, pay the bill and take your 99k that's just sitting there and losing value and invest it like a man

xx,

Twizzzz

    • 1
May 11, 2020

^seconded. You can make 1% per week selling cash covered puts assuming your options don't get exercised.

May 11, 2020

you can make 10% per week selling ocvered calls on the highest implied vol stocks.

yes, 10% PER WEEK...which is crazy high returns

the problem is that these are very volatile stocks....so you never know if you'll ,lose more than 10% holding the stock on any given day

    • 1
May 11, 2020

Take $1k out of the $100K, pay the bill.

Send me $500 for my consulting services.

May 11, 2020

C'mon, man. I'm serious. I'm saving up my money for grad school. I don't want to be broke coming out of an MBA.

I think you know what I am doing.

May 12, 2020

Okay, I'll cut my fee to zero. Just pay the $1k.

If you're looking for a "guaranteed" 10% return, why go to grad school. Just lever up, get a 10% return indefinite, you'll be more rich than just going to grad school.

May 11, 2020

Pay the bill and toss the rest into one of those online banks that pay over 1% interest.

  • Intern in IB - Gen
May 11, 2020

play online poker and go all in with J9, literally cant go tits up

May 11, 2020

Invest in VectoIQ. Stock is going up 20% day to day

Array

May 11, 2020

make a list of stocks that have very high implied vol
you can either sell a naked put, or buy the stock and cell the covered call (basically the same outcome...but selling naked puts is more capital efficient...you don't need to tie up all your money in being long the actual stock). The P&L is basically the same

so anyway, there are stocks every week where the implied vol is so high that you can make 10% in the covered call / naked short put position (asuming the stock price stays unchanged at the current level)

here is a list of stocks that fit that criteria right now...sorted by implied volatility

JMIA
AMC
RCUS
TLRY
BCRX
SGMS
CHK

i would suggest creating a portfolio of naked puts
sell $1,000 worth of naked 1-week ATM calls in each name

You'll collect $7,000 total at first. Most of that is implied volatility which will quickly bleed out.
-or-
buy 5k of stock in each name (35k total), and then sell the equiv ATM 1-week covered call
When the call expires in 1 week, sell the stock to get flat (assuming the stock didn't get called away.)

Regardless, all these options expire in 1 week.

You should make a 10% return on the portfolio if the stock prices stay stable.

    • 1
May 12, 2020

"low risk" "stock market"

You'd be more low risk to invest in my imaginary boutique startup gym than to invest in the stock market right now.

May 12, 2020
Ilikethegym:

"low risk" "stock market"

You'd be more low risk to invest in my imaginary boutique startup gym than to invest in the stock market right now.

invest != trading

trading you can do it

investing...probably not

May 12, 2020

There are a bunch of checking or high yield savings bank accounts out there right now that give you a significant bonus, i.e. you get [$500] if you deposit [$20K] for [3 months] or something. I think Chase and Capital One for example, but there are a few. Since it's risk free just use the $100K to sign up for a few of these. Only downside is having to open the accounts.

    • 1
May 12, 2020

I never really understood how this works. Is there something wrong with opening accounts and depositng money then taking it out? If not, then why doesn't everyone just do that?

I think you know what I am doing.

May 12, 2020

Do you trade Ligma?

May 21, 2020

Good fish joke, I think...

I think you know what I am doing.

May 23, 2020

I heard Bofa is good, can you confirm?

May 14, 2020

Any other ways I can make money on the sides? C'mon, guys. There has to be something else I can do. I'm barely working nowadays due to this thing so I have time to do other things. Just don't want to do anything too crazy where it becomes a compliance issue...

I think you know what I am doing.

  • Analyst 2 in IB - Ind
May 23, 2020

How about you do some research on passive income generation and value investing instead of suckling at the teet of WSO for ideas if you want true honest idea generation. Also pay the damn bill... It's 1% of your fucking savings and is the lowest hospital bill i've ever heard of...

May 24, 2020

How am I going to invest when my bank is very restrictive with letting me invest my own funds? Also, your strategies aren't going to make me money in a few weeks, may be a few years...

I think you know what I am doing.

May 23, 2020
richard_3:

I keep noticing the stock market is up and down by about 5-10% every 1-2 weeks, and I keep wondering if maybe I invested at the last low of a stock that keeps going up and down then maybe when it goes back up for a little bit in 1-2 weeks, then I can sell at that point and make a bunch of money? Obviously, I understand I shouldn't be putting that much into one stock but I do want to take advantage of the stock market as I haven't really ever invested in the stock market.

I highly recommend that you try and post results. I will be taking bets on your attempt.

May 24, 2020
Comment

I think you know what I am doing.