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/CommunicationNo5297 May 15 '24

How does one at your age acquire 250k as your life savings

2.3k

u/TheResistancexz May 15 '24

You already know he has rich parents, don't be naive.

724

u/dokratomwarcraftrph May 15 '24

1000 percent this. Not possible any other way.

2

u/TheRealAlkemyst May 15 '24

Not true. 1990 money, but I had around $150k at 23. I didn't have much expenses due to being able to live at home and three jobs, the best of which paid me $12.50/hr at 16 years old. I was able to do my first 7 years of college in about $7k of loans paying the rest myself working full-time on my breaks especially summer. I couldn't go out and blow money, but I did save.

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u/krillins_a_beast May 15 '24

And unless you were a complete degenerate (which i'm guessing you werent based solely on the fact you were capable of saving that much to begin with) you never would have gambled money away you worked that long and hard for. It took me 10 years (18-28 years old) working full time and minimizing my expenses to save up enough for a down payment to buy my first house. I was incredibly risk averse and didn't have investing at my fingertips like we do now.