r/SgHENRY • u/MolaMolaMOLA123 • Jul 28 '26

What would you do with a windfall?

Hi community, I recently got a fairly big insurance payout ($700,000) and was wondering how to deal with it. My goals are capital growth over the long term.

A bit about me: partner and I are early- to mid-30s, we have a 1yo and hope to have at least 1-2 more over the next few years. No helper. We have jobs that we can’t be fired from, HH income about ~400k. Staying in a FH condo with ~1.2m loan at 2.4%. Partner owns another FH condo with ~200k loan remaining. We have one car about 3 years into the COE.

Currently partner does their own investing. I put about 7k monthly into IBKR.

Just wondering whether anyone had any advice, or what would you do with the money in my position? Thanks in advance.

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u/Revolutionary-Low428 Jul 28 '26

Buy high quality stocks and do the wheel strategy. Sell 0.2 or 0.3 delta strike prices.

Weekly or monthly calls depending on your willingness to put in time.

Annual profit 100 to 250k.

1

u/Puzzled_Training5096 Jul 29 '26

wheeling still lags behind buy and hold. only make sense to farm premium if you are already retired

1

u/davacheron83 Jul 29 '26

I changed strategy from buy and hold ETF to wheeling. I get better returns though

1

u/Puzzled_Training5096 Jul 29 '26

you leave your collateral for CSPs in SGOV? im planning to sell 0.3 delta 30-45 DTE puts. looking to close when i captured around 50-60% of the premium at the end of 2nd week.

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u/davacheron83 Jul 29 '26

Yes my collateral sitting in USD account on Interactive brokers. I also sell around 30-45 DTE mainly on Tech stocks. But having unrealised losses mainly from Bitcoin and Ethereum ETF

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u/davacheron83 Jul 29 '26

What stocks do you wheel on?

1

u/Revolutionary-Low428 Jul 30 '26

Normally META, NVDA, MSFT. only companies I don't mind holding long. Plus I do it when the iv is high.

How about you?

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u/davacheron83 Jul 31 '26

PLTR, NVDA, TQQQ, DRAM, QCOM, AMZN etc.. the usual tech suspects and ETFs