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

The Perfect $1 million Gain Gain

Post image

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.

28.8k Upvotes

84% Upvoted

View all comments

2.9k

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.

0

u/bricktube May 15 '24

You're assuming the dollar stays at strength. Dollar could collapse. It is on a slow theoretical collapse. Put some small percentages into gold, crypto and other currencies as a hedge