How much you need in order to be considered wealthy

Welcome back Mooers.

In today discussion, we will talk about how much you will need in order to be consider wealthy in year 2022.

First, let me share with all of you an interesting article. In the article, it mention that most Americans say that in order to be considered “wealthy” in U.S. in 2021, one need to have a net worth of USD $1.9 million. Interestingly, in the Modern Wealth Survey by Schwab in 2021, Americans mentioned USD $2.6 million in the year 2020.

However, in order to be considered the wealthiest 1 per cent in Singapore, you will need to have a net worth that exceeds USD $2.9 million! More details can be found in this article.

Next, we look at the top 8 active stock options (18 Jan 2022), as shown below:
$Apple (AAPL.US)$
$Activision Blizzard (ATVI.US)$
$Vinco Ventures (BBIG.US)$
$Tesla (TSLA.US)$
$AMC Entertainment (AMC.US)$
$Ford Motor (F.US)$
$Bank of America (BAC.US)$
$Advanced Micro Devices (AMD.US)$

Please vote which Delta value for the put options that you are after at for TSLA.

Delta (for Put options)
For beginners, Delta can be use to track the sensitivity of an option to its underlying stock price change, using $1 as the basis. The further away Delta is from zero, the more valuable the option is.

For put options, it has a negative Delta value between 0 to -1. Delta get closer to 0 for OTM puts options, and Delta get further away from 0 for ITM puts options.

Example: A put option with a Delta of -0.44 means that if the underlying stock price move up by $1, the price of the put option will move down by $0.44.

That's all for today, and thank you for your support and likes.

This is the 9th article for my MooMoo goal in 2022.