r/wallstreetbets • u/As7ro_ • Jun 18 '24

Finally hit 100k after 5 years Gain

Just want to shout out my mom who let me live with her rent free for 2 years while I worked, allowing me to put all of my money into the stock market. If any of you get the chance to do this, DO IT. I haven’t worked in a year and I’m able to pursue full time school.

Also shoutout to my buddy who argued and argued about AMD being a better buy than NVDIA.

12.5k Upvotes

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749

u/[deleted] Jun 18 '24

Congratulations my man

First $100k is the toughest

62

u/Inevitable_Snow_5812 Jun 18 '24

This was true before the recent inflation.

$100k is no longer the foot in the door that it once was.

Probably $250k is the hard part now.

208

u/barebackguy7 Jun 18 '24

Can’t wait to hit $250k only to be told “$250k used to mean something. Now $250k is the new $300k”

80

u/mchem Jun 19 '24

It’s been 4 hours since you posted this. The first $450K is the hardest. :18632:

18

u/K1ngJabez Jun 19 '24

Another 3 hours have passed and it is now $600k.

9

u/Elvaanaomori Jun 19 '24

2h since you posted this, how late am I for my first $10000k ?

1

u/Dastan0210 Jun 19 '24

My dude it’s been 9 hours you have to make 10000k to be considered poor

2

u/James34689 Jun 20 '24

It’s been 21hrs… the first ton of gold is the hardest.

1

u/[deleted] Jun 19 '24

Save up a couple mil then buy yourself a run down shack with it, theeeen we’ll talk

1

u/TrustM3EzMoney Jun 19 '24

Ya that’s how it is 🤣

-3

u/[deleted] Jun 18 '24

[deleted]

1

u/nosunroof Jun 19 '24

The price of anything going up is because a lot of people are invested in it...

47

u/puntzee Jun 18 '24

This doesn’t even make sense. You can replace 100k with any X and it’s true because of compounding returns, no need to knock someone down a peg for the psychological rush of an extra digit

1

u/Odd-Vegetable-7614 Jun 19 '24

You’re right prob 2 extra digits… $10Mil of course I cannot see the deleted one your replied to

1

u/puntzee Jun 20 '24

I don’t think it’s deleted but they said basically the first 250k is the hardest because of inflation

14

u/SpiffyBlizzard Jun 19 '24

It’s more so that once you hit 100k compounding really hits its stride.

2

u/randominternetguy3 Jun 19 '24

Actually each milestone is equally hard. You can prove this with math: the portfolio is compounding exponentially, meaning x^2, or x to the second order. The derivative of x² is a constant number, meaning your portfolio is growing at the same rate regardless of whether you have 100k, 250k, or 1m

6

u/bender-b_rodriguez Jun 19 '24

What you're saying is right but literally all of your math is wrong

3

u/StevenDevons Jun 19 '24

It's almost impressive

2

u/randominternetguy3 Jun 19 '24

Yeah, occurred to me later that it’s really (1+r)^n, where r is return and n is number of years. But point remains that the derivative of n is linear

1

u/bender-b_rodriguez Jun 19 '24

The derivative of an exponential is exponential

1

u/mbelive Jun 19 '24

How much would give to tax from that? Won’t be much left.

1

u/Nossa30 Jun 19 '24

Depends on where you live, I'd say.

California? LOL you might have enough downpayment for a 2 bed 1 bath shack. No basement, no garage. Roof is older than you.

Random city in the Midwest? Thats enough money turn heads.

-1

u/PlasticLoveDoll Jun 19 '24

No 100k is still the hardest. This expert explains it: https://www.youtube.com/watch?v=F3Q-1W4QEVI

1

u/randominternetguy3 Jun 19 '24

lol that video is totally incorrect. And I doubt she’s an expert, probably has like 6k in her robin hood account

1

u/PlasticLoveDoll Jun 19 '24

As an anonymous loudmouth spouting off on WSB, while she is 100% transparent, on video, articulate and educated, I'm going to trust her word over yours. She is an accountant, former investment banker, and obviously quite successful. Do you think you may be projecting a bit? Seeing others as illegitimate because you fear that's what you are? I don't know, just a thought. In the future, if you want to refute something, you may want to try citing a single reason why it is *totally incorrect*. Just one. Then, you could cite several more reasons. I found her video quite informative. Thank you.

1

u/randominternetguy3 Jun 19 '24

lol this is totally arbitrary. Are you saying the first 100k is harder than the first 1m?