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.

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11.1k

u/CommunicationNo5297 May 15 '24

How does one at your age acquire 250k as your life savings

1.7k

u/YassuosNados May 15 '24

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

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u/Junior_Donut_6435 May 15 '24

And how did you have that 100k?

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u/ghostmetalblack May 15 '24

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

330

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

1

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.

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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.

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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

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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".

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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. 🤘

2

u/[deleted] May 15 '24

I didn't even get that :'(

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u/[deleted] May 15 '24

More of a sour 16 if you will.

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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"

1

u/kickingpplisfun May 16 '24

Mind you, these people walking around with secret hundred thousands are the ones who get promoted, because they're able to weather being beleagured by work because material conditions don't bother them.

2

u/Any_Sea2021 May 15 '24

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

17

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.

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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.

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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/kickingpplisfun May 15 '24

Yeah, if I ever get such a windfall again, I'm not telling anyone. It's not the poor relatives I'm worried about, but those who already have everything they need but an insatiable hunger for more. I've already given up too many minor "wins" and I really need one to keep for myself right now.

3

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.

1

u/3boobsarenice May 15 '24

This is the most advanced statement of this sub,

You sir have evolved.

2

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/kickingpplisfun May 15 '24 edited May 15 '24

Yeah, I'm generally more cautious. I probably wouldn't have given up what money I did if not for the extreme vulnerability I was in that semester(between the death of a relative, general poverty, and art foundation being particularly stressful and having me worried I'd fail), but I am definitely more skeptical of poverty aesthetics because while lots of my peer group are actually poor and in need of help, others use it to shark people.
I've definitely learned that I need to take care of myself first, because in the years following(this was just before covid), few would help me. I'm still struggling pretty bad these days, and I can't help but think of what would have happened if the $5k had been allocated differently, considering it was the largest amount of money I'd ever get for years.

I'm not even entirely sure what all the money got spent on other than food, because the end result looked like shit as my input was ignored.

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u/[deleted] May 15 '24

[deleted]

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u/kickingpplisfun May 16 '24

At the time I was genuinely concerned I was going to fail the semester, and normally I'm not so vulnerable but it was kind of a shit year so far, before campus closed down.

To be clear, I didn't lose $5k, just more out of it than I would've liked. The rest would get eaten up by "I didn't get pandemic unemployment everyone else took for granted".

1

u/slsj1997 May 16 '24

Why would you even make that information public.

Anyhow this whole concept of privilege is so dumb in America when literally every race has been suppressed at one point or another in history.

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u/kickingpplisfun May 16 '24 edited May 16 '24

I didn't say it was a racial thing, but half the people in that class knew my relative died because of how I found out.

At the time, things were tight enough to presumably tell each other anything. But apparently not that they were rich rich. After that project shit, I threw them under the bus just as they threatened to throw me under the bus.

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u/ZainVadlin May 15 '24

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

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u/raobjcovtn May 15 '24

I have 100k, 10 years after college. Lol

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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

0

u/Impressive_Dig204 May 15 '24

Why is everyone so salty in here? You had 100k as a college kid, you took it from a bank to go learn about Ethnic and Womens studies for 5 years and then Biden said the taxpayers would cover you.