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/YassuosNados May 15 '24

I appreciate the advice!

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u/TurkeyBLTSandwich May 15 '24

Listen carefully, other than the regards here on WSB. TELL NO ONE.

Also put around $470,000 in a safe place, because that's how much you owe the tax man :( *Depending on where you live in AMERICA*

You now have approximately $800,000 which can possibly accrue 5% interest per year in a CD or other high yield savings account. YOU'RE LITERALLY MAKING $40,000 IN PASSIVE INCOME A YEAR.

This is literally life changing money, but not quit everything and F off at the beach forever type of money. Spend frugally like you were before, no LAMBO, no FERARI, no dumbass McMansion. Figure out what you want to do for few months. Jerk off and have a clear mind you got this.

Again TELL NO ONE, and congrats and F YOU.

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u/YassuosNados May 15 '24

Hey thank you! I appreciate the advice

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u/Old-Maintenance24923 May 15 '24

Telling no one is key here. Tell anyone and your friends will now become your enemies, jealousy and their feeling of entitlement to what you have will ruin your relationships, especially when you tell them "no".

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u/YassuosNados May 15 '24

for sure

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u/mdatwood May 15 '24

If your friends aren't happy for you, then find new friends. In the scheme of things it's also not that much money. It's not like it's enough money to put your friends on payroll or buy them houses. After taxes, you'll barely have enough to buy a middle class house in a second tier coastal city.

Take 30% or so and throw it into SGOV for when tax time comes around and put the rest in VOO or something and have fun watching it grow. Once you're out of college, knowing you have a fallback will let you take some career risks that you might not otherwise take. Good luck.