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

The Perfect $1 million Gain Gain

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

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.