 How to get paid while you wait? How to get paid while you wait for your entry? How to get paid not to chase that's what we're talking about right now. So earlier I made a video about Palantir being a little bit on the high side based on classic valuation methods and Buying now is not a great entry At least according to my valuation sheets. So what do you do and This is a strategy that I use. I'm sure other people do it too, but it's a cash secured put or Getting paid to wait at lower prices. So Earlier this week I put out a video saying that Palantir is probably a good deal below Six or seven dollars and I'll show you my valuation sheet in a second, but if it's a good deal at six it's Probably like a Wholesale, it's a wholesale price is six retail price is where it is right now. That's another way to look at it But while you're waiting if you're not going to pay retail, you're not going to jump in and buy, you know With the highest price you can You know, you might be waiting and getting money market money market is now respectable It's like four to five percent Right for a year you park your money four to five percent Warren Buffett's always trying to beat treasuries and if you can't he'll just buy treasuries It's essentially money market. Let me get the valuation sheet. I keep a valuation sheet on a multitude of stocks and then I have Some entry prices That would be sweet entry prices if I could get them So if we look at Palantir They're supposed to grow around 20% they earn 21 cents 26 the next year you grow that out you get a future price my future price right now is saying $58 in a decade and Then you grow it back to get a good deal if I could get it at 585 That's a 10-bagger price. Okay, I keep track of a bunch of them. So I know now we can use that data To trade options, so I'm gonna get my Option chain out. I've got Palantir plugged in. I'm gonna look for simplicity at the Jan 2024 strikes and I'm gonna look at that one six the six option Now it doesn't pay a lot But because I already determined for my worksheet that if I could get Palantir at six bucks and hold it for a decade I already know that Mathematically if it grows as it's expected, I'm gonna make between 22 and 26 percent And that's what I'm trying to do. I'm trying to invest for the long run and worst case I know my growth at a lower price. I'm comfortable getting assigned at six I want to get Palantir at six. So I if I look at this put I shop it right now It's the equivalent of earning 21.5% for 244 days The capital required It's only about a hundred bucks to collect 21 at six. So they'll pay me 21 cents If I sell this put if I write this put at six Till Jan 2024. I'm on the hook. I have to buy it if it goes down there if I get assigned 21 cents and if it never goes down again I'll make 21% return on my capital. Okay, so let's go back to Palantir and I don't know we'll do we'll do that chart Let's do a decade if my math says hey one day it'll be 50 bucks in In the next decade and I get to buy it at six then I'll make ten times my money and that ends up being about 25% annualized over a decade if I sell this put I'll get 21% Anyway, we're on that money. It's a hundred dollars margin So you see what I'm trying to do if I'm trying to get six I don't want to pay 11 so I'm gonna wait But it doesn't mean I don't have to participate in the price action so I can go sell a put This is why I love valuation If I didn't have valuation It would be a lot harder to pick my strikes. It would be just I mean I guess technically I could just look at the at the chart and say six But if I just look at the chart, I don't really know the value of the business and that's why I make my own valuation sheets I study valuation Peter Lynch Benjamin Graham Warren Buffett and I just update my prices and I update my numbers and I get different valuations if a price comes down to a 20 bag or entry 35% Kegel over a decade if it goes to a 30 bag or entry 41% Kegel entry. I'm looking for those deals I Don't have a lot of on my radar, but I do have some 10 baggers on my radar But look Palantir is not top of the list not at 11 dollars at 11 dollars. I Think the the best you can do is a 500% return in A decade so that's what the math says if you buy it now You're basically hoping to get a 500% return over the next decade if it gets cheaper It just enhances the opportunity. That's why we always want stocks to get cheaper We always want stocks to go on sale so we can buy them at a better deal Do you agree let me know cheers