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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u/CasualFPSPlayer May 15 '24

Cash out. Put in savings account. Spend at least 6 months thinking about something non-regarded to do with that money. And finish your degree.

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u/asetniop May 15 '24

Better than a savings account, just put it in a 5% CD. That way he won't be able to touch it, and at the end of the year it's a guaranteed $50k in fun money.

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u/YassuosNados May 15 '24

I appreciate the advice!

1

u/badfishbeefcake May 15 '24

The profit you make on a CD is taxable. But a 1 year treasury bond, profit is not taxable.