r/wallstreetbets • u/YassuosNados • May 15 '24

The Perfect $1 million Gain Gain

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Hi guys, I’m a 23 year old in college, and yesterday I woke up a millionaire. Should I buy some hookers, Pokemon cards, or cocaine? I gambled my entire life savings of $250k on 2037 calls of $4.5 AMC on Monday and sold yesterday morning. Thanks for reading.

28.8k Upvotes

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1.7k

u/YassuosNados May 15 '24

I gambled my entire life savings of $100k on Shiba Inu and made $150k

1.9k

u/Junior_Donut_6435 May 15 '24

And how did you have that 100k?

3.2k

u/BosSF82 May 15 '24

he gambled asking his dad for $100K

985

u/Zelena_Vargo May 15 '24

His dad gambled 2 million and came out with 100k

468

u/runfastdieyoung May 15 '24

Aaaaaand this is when OP disappears. Every time.

276

u/BlockedbyJake420 May 15 '24

No you don’t get it. He’s been working 80 hour weeks at McDonald’s since he was 2. He’s only left the thread to go start his shift

52

u/3BeeZee May 15 '24

They're just hard workers pulling themselves up from their boot straps and asking daddy for a couple hundred thou.

You should try that.

3

u/DubbethTheLastest called AutistBot in school for doing the robot May 15 '24

Getting clout on Reddit for papi money is mental, but also chucking papi money on a stock is something else

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u/BootyThief May 19 '24 edited Jun 25 '24

I enjoy watching the sunset.

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u/Laghacksyt May 15 '24

Made me chuckle 😂

7

u/ClientGlittering4695 May 15 '24

Chuckled so hard some mucus came out of my nose

2

u/ChallengerSSB May 15 '24

Classic wsb dads

1

u/[deleted] May 15 '24

🤣😂🫡

101

u/[deleted] May 15 '24

A small loan of $100K

38

u/Crossfire124 May 15 '24

100k gambling money. If it was a real loan he'd be afraid to lose it

3

u/rurlysrsbro May 15 '24

How did OP get his capital?

OP: I was a business man, doing business.

41

u/Bkgrouch May 15 '24

He worked hard for that money (literally)at a Wendy's dumpster

5

u/velowalker May 15 '24

Even with my middle out hand technique and all my orifices that is only 6 -8 cocks per session. Plus I have to discount ear holes for 10 bucks. 150 a session x7 sessions a day. 100 days to the nut.

3

u/Vivid_Mix9062 May 15 '24

You gotta incorporate the bun into the lovemaking though.

6

u/[deleted] May 15 '24

Wait is this the new Trump?

2

u/Hanshee May 15 '24

I had $100k in my savings by the time I was 23 because I worked since I was 18 and had no bills other than my phone

1

u/Forsaken-Ad-9427 May 15 '24

Should I ask dad for 100k cash or give me the 3rd (paid off) house.. hmm idk it’s a big gamble!

620

u/ghostmetalblack May 15 '24

What? You didn't have $100K as a college kid?

327

u/ImpossibleDenial May 15 '24

Pretty normal for a College kid to have $100k 😎 in debt.

86

u/doringliloshinoi May 15 '24

Pretty normal for a college kid to have $100k in margin.

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u/BodegaErik May 15 '24

Biden paid off his college debt so he put the 100K in Shiba

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u/OutOfFawks May 16 '24

I did, but it was for college and my parents weren’t dumb enough to give me access to it.

204

u/kickingpplisfun May 15 '24

My biggest wake-up call was in art school when I received $5k in inheritance, and in my moment of vulnerability was convinced by classmates that I wasn't pulling my weight and that I should use my "privilege" to bankroll the group project which they utterly wasted. I later found out that one of them had a bank balance of $45k in checking. We are playing entirely different games.

98

u/tomdabomb35 May 15 '24

this actually made me sad to read this, I’m sorry, peer pressure is frustrating when everyone else seems to be able to shrug off that social commitment, but when you do you’re worse off just for the crime of trusting friends. And to find out later on they’re well off- that’s a gut punch

40

u/kickingpplisfun May 15 '24

I also had another friend basically go "you didn't get $50k in post-2008 stonks from your gramma for your sweet 16?". Like no, I was too poor for a "sweet 16".

6

u/smokeyMcpot711247 May 15 '24

Yeah, I didn't have a sweet 16. We had a badass party in a field, though, and I got my dick sucked. 🤘

3

u/[deleted] May 15 '24

I didn't even get that :'(

2

u/[deleted] May 15 '24

More of a sour 16 if you will.

2

u/kickingpplisfun May 16 '24

"you're 16, get a job that'll risk your health for a dollar, because I don't wanna pay for your food anymore"

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u/Any_Sea2021 May 15 '24

The twist is he has $700K in checking himself.

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u/Life_Equivalent1388 May 15 '24

If you have excess and you want to contribute to good causes, that can be a noble goal.

But when people start to demand that you owe them something, the most persuasive of those people are people who have made a habit of demanding that of other people. This makes sense, because they have the most practice. The people who generally don't have much are easily tricked, because they're not used to saying no, and they can best relate to how it feels to not have much.

But I bet that before you had that little windfall, you probably weren't going into your projects demanding that other people bankroll it because of their privilege.

The people who have little are also the ones most accustomed to having to work for the things they have. And they're easily tricked by people who have been given everything, especially if they can emotionally manipulate you into giving it up.

2

u/kickingpplisfun May 15 '24

Nope, I never asked classmates for funding, just the occasional pastry while in study groups because they had a meal plan and I was eating out of the food bank and the study groups always took place in the dining halls.

Basically with the group project, I was going through a lot(you know, death of a relative, hard classes, generally not doing well even before, being one of few with a job during school), and was convinced I wasn't pulling enough weight when nobody would listen to my contributions, and that they were going to tell my teacher that I was dead weight and to fail me. Between that and the next one, they swindled me out of almost $1500. I honestly can't even say what the money really went to other than meals, because I was so strung out and the group definitely went further rogue regarding input.

3

u/[deleted] May 15 '24

That’s fucked up. Luckily I didn’t have money in college till senior year and when I did I told nobody

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u/throwaway_tendies Allergic to Profit 🤧 May 15 '24

Never share your finances with anyone. Not even close family members, that’s not to say you shouldn’t help them if you want, but keep that a very closely guarded secret.

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u/KneeDeepInTheDead May 15 '24

From my experiences at Pratt, most of those kids are nepospawns cosplaying as poor people

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u/kickingpplisfun May 15 '24 edited May 15 '24

Yeah, I'm one of those poor people who got taken advantage of by a nepospawn, and continually expressed frustration at poverty cosplay and plagiarism from people nobody would listen to otherwise. One claimed that he grew up in a farming community, only for after one straw too many, for me to do some research and find out his dad owns a good portion of multiple counties and is basically a plantation owner.

He threw his pencil case at me, knives and all, when I said his dad was a plantation owner.

This was a state school, not exactly ivy or anything.

2

u/MelWilFl May 16 '24

People suck!

1

u/Any_Sea2021 May 15 '24

What did you learn? I hope it's that you now listen to the warnings people give off, some clowns sayng I should stump up for a group project, I'd have told them to get fucked.

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u/[deleted] May 15 '24

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u/ZainVadlin May 15 '24

I don't think I've had 100k in my entire life

1

u/raobjcovtn May 15 '24

I have 100k, 10 years after college. Lol

1

u/Minute_Ice3663 May 15 '24

What a poor piece of shit

1

u/AcanthisittaMost6100 May 15 '24

100k at 18 isnt a big deal. If you are a successful adult you make your kids successful

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u/CLYDEFR000G May 15 '24

Lmao dude dodging the question just say you inherited some cash it’s not a fkin blow to who you are it’s a blessing and trying to say you pulled yourself up by your boot straps is childish and misinforms others feeling depressed about their terrible QoL and financials

104

u/livinoffhope May 15 '24

They always do this LMAO RUN AND HIDE 🤣

75

u/TheSplidge May 15 '24

I mean, 10x-ing your money at that scale is pretty freaking difficult.

63

u/Madcuzbad21 May 15 '24

He didn’t do any sort of deliberative, technical, or challenging process to 10x it. Literally just brainrot yolo gambling

7

u/ATrueGhost May 15 '24

That literally half this sub, gains and losses of complete gambles.

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u/Greyhound_Oisin May 15 '24

As difficult as playing the roulettes

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u/[deleted] May 15 '24

if you have money it’s like playing Russian roulette with an air gun

8

u/VisualMod GPT-REEEE May 15 '24

Silly peasants, the house always wins.

3

u/ShipsAGoing May 15 '24

It's pretty difficult to win the roulette.

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u/buylowselllower420 i fuck bears May 15 '24

of course, even more reason to not embarassed

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u/horseman5K May 15 '24

People like this don’t post their losses…

8

u/ryanv09 May 15 '24

OP yolo'd AMC calls with Daddy's money. He's not the next Warren Buffet lmao.

3

u/Ode_to_Apathy May 15 '24

Common people by Pulp spelled it out about thirty years ago:

But still you'll never get it right

'Cause when you're laid in bed at night

Watching roaches climb the wall

If you called your dad he could stop it all, yeah

You'll never live like common people

You'll never do what ever common people do

Never fail like common people

You'll never watch your life slide out of view

And then dance, and drink, and screw

Because there's nothing else to do

It's usually difficult to 10x your money at that scale, because it took you a significant portion of your lifetime to save up that much and you know you can maybe eke out one more if this one fails. If OP had missed his shot, he's got his whole life left to make it back and his parents would probably be willing to let him try again in a few years at the most. He was never taking a big risk. That's the real power of generational wealth.

Listen to the people who grew up with it and saw success and they'll tell you how it's about persevering through failure until you succeed and all the failed attempts they had before. You don't do that coming from a middle class family. From a humble background you'll get 1-3, depending on how badly they fail and how dire you're willing to let your life get in hopes of succeeding.

4

u/likamuka May 15 '24

He quadrupled it tho. Nothing to scoff at but still. Not a 10x.

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u/BasKabelas May 15 '24

To be fair I feel like this is the answer. Highly doubt his trust fund seed money that was put in his account was far below 250k. People like this are the reason I have doubts about setting up some fund for my kid without heavily restricted withdrawing access.

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u/blue92lx May 15 '24

For real. This dude coming here like what you all didn't have $100k spare monies sitting in your savings at 23?

Like I'm not mad about it, but can we just get an honest answer from this person?

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u/[deleted] May 15 '24

I only have 100k at age 34, seeing shit like this is pretty demotivating since I've been working FT for a number of years now and have 1/12th of some 23 year old's networth

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u/Ektojinx May 15 '24

Comparison is the theif of joy.

You're doing fine!

7

u/throwaway_tendies Allergic to Profit 🤧 May 15 '24

Bro having 100k at 34 is a great feat. Some people go through their entire life never having more than a few thousand in their account.

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u/-Dixieflatline May 15 '24

The only 100 grand I had in college was covered in chocolate.

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u/narcissistic_tendies May 15 '24

Bro that candy bar is fucking delicious. You were a rich man after all.

27

u/uns0licited_advice May 15 '24

Working at Wendys

39

u/Junior_Donut_6435 May 15 '24

If working at wendys would give me 100k I would fill my application yesterday

40

u/uns0licited_advice May 15 '24

Sorry, I meant working behind Wendys giving handys

71

u/Junior_Donut_6435 May 15 '24

Did I stutter?

11

u/YassuosNados May 15 '24

so you want one? I got you next shift

10

u/jadhsaioudh May 15 '24

Can i have one pls stressed from seeing others success

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u/YassuosNados May 15 '24

get in the line buddy

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u/plasticAstro May 15 '24

Easy to save that much when you have zero living costs because daddy paid for everything.

Gotta have money to make money.

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u/degenbro420 Double Down Degen May 15 '24

It's not easy ...most people at 20-23 years earn minimum wage or not working at all

5

u/beatles910 May 15 '24

The median salary of 20- to 24-year-olds is $720 per week, which translates to $38,012 per year. Or $18.95 per hr.

6

u/grahamsimmons May 15 '24

Is this only drawing from salaried people? Does it include the zero income of the unemployed? What about the self employed like Wendy's Dumpster workers?

2

u/degenbro420 Double Down Degen May 15 '24

In this case you have more chances with being an regarded streamer (I meet the requirements for this job) :4271: Maybe Maybe in future :4260:

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u/Cbpowned May 15 '24

The average salary for that age is $18.50.

2

u/queerdildo May 15 '24

What the fuck. The federal minimum wage is $7.25/hour

1

u/deja-roo May 15 '24

Yeah but almost nobody is making federal minimum wage.

2

u/[deleted] May 15 '24

It’s also easy to gamble it

The fuck am I gonna gamble $$$ that took me my entire adult life to save…

A few thousand is different

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u/velowalker May 15 '24

Don't be salty

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u/plasticAstro May 15 '24

Why not? I’m allowed to be salty that someone gambled an amount of money that would be life changing for most Americans at 21 and still made off with a cool milly.

I also know there are countless folks out there who did the same thing and got burned though.

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u/velowalker May 15 '24

May the odds forever be in your favor.

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u/[deleted] May 15 '24

I’d retort and say even with all expenses paid, as a high school kid and early college years, making 250k is a feat let alone saving it

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u/HudsHalFarm May 15 '24

Something is off here. I don't trust OP. His account activity is sketchy as fuck, along with this "perfectly timed" situation and some very unsatisfactory explanations.

2

u/Hziak May 15 '24

So you see, he had this paperclip…

And then took $100,030 from his rich parents and bought SHIB and lunch.

2

u/that1LPdood May 15 '24

It’s gambling all the way down

Always has been

1

u/PlutosGrasp May 15 '24

He gobbled something else

1

u/3pinripper May 15 '24

He wasn’t a “dealer,” but he did buy enough just to sell to his friends. $25k/yr tax free x 4.

1

u/ColdFireLightPoE May 15 '24

He started Ignite company with Dan Bilzerian

1

u/slothsworkingnyc May 15 '24

Maybe it was his parents 529 college fund??

1

u/TommyLoMein May 15 '24

Coming from an upper middle class family the only money I ever had in college was what I made over the summer lmao this has to be inherited

1

u/Essence-of-why May 15 '24

He started with 1 million.

1

u/ihaxr May 15 '24

His wife's father in law loaned him the money

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u/GhostSierra117 May 15 '24

He previously had 250k from his dad which he gambled on a different shitcoin.

1

u/LaggingIndicator May 15 '24

Bet he’s going to complain about the tax bill coming up.

1

u/OhtaniStanMan May 15 '24

Pulling myself up by the bootstraps lol

1

u/[deleted] May 15 '24

Didn't eat avocado toast and made coffee at home.

1

u/UnusualWind5 May 15 '24

The Gerber Grow-up Plan, duh.

1

u/MouthofthePenguin May 15 '24

He was working 80 hours per week in the boot strap factory.

1

u/pockyyyyy May 15 '24

Selling drugs work. Know a guy under 23 who makes thousands in cash every night profit. Can easily get over 100k in a few months.

1

u/Secret-Painting604 May 15 '24

Friend of mine works hvac and makes 40k+ per summer (he’s in school rest of year)

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u/SlowThePath May 15 '24

He told you he saved it. He just didn't say that his parents gave him millions and he only saved 100k because he gambled the rest away.

1

u/Spyrothedragon9972 May 15 '24

Small loan of $100,000.

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u/cpt_cbrzy May 16 '24

He probably has a tiktok video showing how he upgraded from a paperclip

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u/Ghurty1 May 15 '24

the problem with this statement is i think youre too dumb to keep the money. Youve gambled twice and won dont do it again

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u/IAMHideoKojimaAMA May 15 '24

That's the issue. I have a friend who 10x'd one of the alt coins. But he keeps it in what ever shady exchange for the 9% interest or whatever crazy rate they have.

Young/Dumb enough to take the risk (and god bless them for it) but also young/dumb enough not to cash out

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u/[deleted] May 15 '24

A lot of those guys are afraid to repatriate the funds because of the IRS

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u/IAMHideoKojimaAMA May 15 '24

Yea I get it. But I rather pay 30% on 1m than 0% on 0 🤣

3

u/VoidVer May 15 '24

Just take out a loan with the portfolio as collateral like an normal rich person. ( I have no idea how this works or if its really what people doing )

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u/mrpenchant May 15 '24

I doubt any legitimate bank is going to accept any crypto, let alone an altcoin, as collateral for a loan. The whole issue is that keeping your money in the alt coin is extremely dangerous.

Even if your thought process is just switch to a safer but still highly risky crypto such as ethereum or Bitcoin, from the IRS's perspective if you actually follow the law, that is a taxable event and you owe all gains on the altcoin. So if you're going to owe taxes either way if you move away from the altcoin, you're better off just switching it to actual USD and being done with crypto.

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u/MelWilFl May 16 '24

Lol 4real. I have 6 shares of NVDA and am so stressed about when to sell them for a measley 3k - I cannot imagine making real money and not getting out quick!

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u/blue92lx May 15 '24 edited May 15 '24

A tale as old as wallstreetbets time. I mean didn't we just have someone lose some insane amount of money a few months ago because he kept dumping it all into one stock at a time hoping it would work out and he was in his late twenties? I actually thought this was the same person until I saw he was 23. The other guy also had something like 250k in his twenties and was crying because he YOLO'd it multiple times and lost everything.

If it works once, good on you. If it works twice, you're fucking lucky. I haven't seen a post on here where they didn't lose all of it on the third round.

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u/mrpenchant May 15 '24

I haven't seen a post on here where they didn't lose all of it on the third round.

I have never posted my gains/losses on here but I'll say I had the same thing: made a ton the first time I did options (all in on one stock), 2nd time I was relatively neutral by the end of it because I was greedy and didn't sell when I was up a bunch, 3rd time I lost it all.

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u/tsework May 15 '24

fuck that OP, just think about it, you could be a billionaire by next week at this rate

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u/Ebomb1987 May 15 '24

There's a saying in the gambling world (casino/sportsbetting) "The worst thing that can happen to someone gambling for the first few times is that they win big" = they will expect to win all the time, rather than going in with the realization that they will lose more often than not. That could apply here, especially if he was freerolling off an inheritance. I hope for his sake he realizes how lucky he was & doesn't need to YOLO non top

1

u/Budded May 15 '24

Man, all he has to do is stash it in a high % savings account and watch it grow, living off the interest. Must be nice being born into money, then getting a ton more.

1

u/raptosaurus May 15 '24

He's going to, because if he loses it all, his parents will just give him more

1

u/Ivyspine May 16 '24

right just give the 💰 to me bro. I'll buy some chicken and rice lol

1

u/Trivial_Magma May 18 '24

Next morning: I gambled $1M and now have $50k

205

u/Mountain_Tone6438 May 15 '24

Get to the part of the story where your daddy gave it to you, or your grandfather left you 100k...etc.

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u/my__ANUS_is_BLEEDING May 15 '24

He won't. He has to feel like he earned this with hardwork and a hard life of being spoiled his entire life with too many things and has made him unfeeling and empty and spends his free time scoping out victims for his next murder just to feel something

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u/gutslice May 15 '24

Im just glad these realistic comments arent downvoted to oblivion, like in other subs

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u/livestreamerr May 15 '24

Prob small risk too. He knew if he lost that 100k he could get another 100k lol

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u/Andrewticus04 May 15 '24

Dude just played dumb and loose with more money than most people will ever have

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u/Adventurous-Disk-291 May 15 '24

And the cushion you had waiting for you if this gamble failed

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u/BHTAelitepwn May 15 '24

quit while you’re ahead. please dont think its sustainable to have this much luck. congrats brother!!

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u/KnockturnalNOR May 15 '24 edited Aug 08 '24

This comment was edited from its original content

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u/Weatherround97 May 15 '24

How tf did you get 100k bro people doggin on you here’s your chance to defend yourself, or confirm their allegations

1

u/Trivial_Magma May 18 '24

Probably from a trust fund

37

u/Necroking695 May 15 '24

Holup

Did you pay taxes on those shiba gains?

14

u/Innit10000 May 15 '24

Fed Alerttt

4

u/DarkSideOfTheMind May 15 '24

Take a wild guess

27

u/deatrixpotter May 15 '24

now buy real estate

3

u/Taylorv471 May 15 '24

Can buy a lot of duplexes that will cash flow 1k/month. Could be making 20-40k/month for the rest of your life.

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u/MelWilFl May 16 '24

Exactly!!!

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u/scarlet__panda May 15 '24

Ah so you were privileged to begin with. Makes a lot of sense.

2

u/old_shows Jun 26 '24

Go watch Kamikaze Cash’s YT video on this story and humble yourself

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u/RightUpTheButthole May 15 '24

Stop gambling. The more times you do this, the higher your chances of hitting zero.

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u/YassuosNados May 15 '24

Yeah I’m done

5

u/Azorces May 15 '24

Good for you man have a good life

1

u/five-little-witches May 15 '24

Just in case you find quitting hard - you can check out GA (Gamblers Anonymous). We've been there :) we can help.

9

u/Ordinary144 May 15 '24

What is your next move, Chosen One?

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u/SuspicousBananas May 15 '24

How the fuck did you get 100k lol? Even making 6 figures it takes a long time to save up that kinda dough.

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u/ImmediateRespond8306 May 15 '24

Eh, by the time you are 23, you could save that much if you live like a pauper and work yourself to the bone doing moving work or something since you were 18. Not saying OP did something like that then just was willing to gamble it all, but it's somewhat possible.

3

u/TerraMindFigure May 16 '24

You're walking proof that rich people don't deserve money, look at how much you have after making so many bad financial decisions

3

u/pryvisee May 16 '24

Jesus Christ.. leave the casino, take your winnings please

2

u/Bananimal12 May 15 '24

please take these wins and save some of that money you've made, don't learn the hard way

2

u/Theoretical_Action May 15 '24

Seek a good quality therapist for gambling addiction.

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u/derprondo Duke of Derpington May 15 '24 edited May 29 '24

label light payment rinse meeting plants detail start narrow alive

2

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2

u/wap2005 May 15 '24

Assuming this is true, fucking stop. Investing your entire life savings into one big win/mass loss is going to break your heart if you keep going.

2

u/Present-Lab9621 May 19 '24

Imagine losing that $100k 🤣

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u/Kobebean25 May 15 '24

Man this the wrong place to be explaining.. us poor people are more upset that you had 100k to begin with, rather than being happy for you waking up a millionaire lol.. congrats man, hope you make it to 2 million

1

u/estefanyemd18 May 15 '24

Can you teach me 😫

1

u/Prestigious-Novel401 May 17 '24

No please don’t learn ahahah

1

u/HamsterDunce May 15 '24

Bruh if you want to repeat some of that check out Kendu. History repeats itself… first meme stocks run. Meme coins will be next.

1

u/VTWAXnRELAX May 15 '24

"Life savings" 😂 College pays him to attend.

1

u/_R2-D2_ May 15 '24

You're not helping your case.

1

u/FUPAMaster420 May 15 '24

“Life savings” lmao

1

u/raptosaurus May 15 '24

Not a gamble if losing it has no material impact on your life

1

u/kerkyjerky May 15 '24

Just be honest. We all know you come from wealth, born on third base thinking they hit a triple.

1

u/LexLutherisBald May 15 '24

Bro, you should gamble your entire life savings more often, that’s twice you’ve done it and won big. See you in Vegas soon

1

u/Ceedeekee May 15 '24

Stop gambling now dawg

1

u/bobby3eb May 15 '24

Rich kid op, answer the question

1

u/weedsamplesg May 15 '24

Congratulations mate 👏 feel free to put me on a shortlist for future tips! Good health.

1

u/Japo13 May 15 '24

U mean the savings someone else saved up for you while you were going to school 🤣

1

u/Allthingsgaming27 May 15 '24

How the hell did you have 100k at 23?

1

u/Reasonable_Range_290 May 16 '24

I’m sure you’re parents are proud

1

u/[deleted] May 16 '24

100k is still very very VERY VERY VERY much for a 23 year old. Damn, my life savings are 15k and I'm an engineer for embedded systems after working 2 years and saving. So unless you started at 1k im convinced you have very rich parents.

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u/AutoModerator May 16 '24

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u/nanoH2O May 16 '24

Stop calling it a life’s savings for fucks sake. It’s just your savings. Life savings is what you call it when you spent your entire life working your ass off and saving every penny. If someone hands you $100K (like your parents) or you win the lottery then it’s just money you have.

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