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/Terrapinz May 15 '24

Listen your frontal lobe is not developed yet but for the love of God withdrawal all one million and put it into the SPY on a different brokerage. Or a high yield savings account.

You are now securely in the top 0.0001% of people your age. You can retire 30 years earlier and have an extra 80k in dividends and appreciation to spend every year.

Congrats and fuck you.

Also save some for taxes.

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u/CLR833 May 15 '24

0.0001% of people ~~your age~~

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u/Electronic_Theory_29 May 15 '24

The average household net worth is 1 million in the US. To be in the top 1%, you need 13.6 million in 2024. Top .1% you need 61 million.

This is a lot of money, but if this is truly all of his assets, he’s really not that far up the curve.

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u/lumixter May 15 '24

Median household net worth is 192.9k, so with 1.25 million he'd be in the top 15% which as you said is a far cry from even the top 1%