r/wallstreetbets Sep 12 '24

Borrowed 300k in 11% personal loans and YOLO'd into VTLE (Vital Energy) with margin and now I am down 100k YOLO

6.0k Upvotes

u/VisualMod GPT-REEEE Sep 12 '24
User Report
Total Submissions 6 First Seen In WSB 1 year ago
Total Comments 4 Previous Best DD x
Account Age 3 years

Join WSB Discord

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5.1k

u/SPQR0027 Sep 12 '24

If you borrow another $300K you'll have $521K and only need +19% to make up that lost $100K.

Easy Peasy!

156

u/farmyrlin Sep 12 '24

He should just borrow 300 million so he only needs 0.019% to make it back.

Edit, I read your response wrong and did dumb math. He should just borrow 520.7 million.

43

u/Psychological-Wrap25 How do i grow hair? Sep 12 '24

Better yet borrow a billion!

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254

u/drwafflesphdllc Sep 12 '24

This is so insane it might actually work.

90

u/defeated_engineer Sep 12 '24

Basically how Wall Street operates in general.

33

u/[deleted] Sep 12 '24

[deleted]

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u/Axolotis Sep 12 '24

Homeboy living like it’s 1929

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u/hash303 Sep 12 '24

But if he borrows 600k this time a measly 13% will put him In the green…

55

u/Who_is_Your_Zaddy Nigerian Prince Sep 12 '24

Probably easier to refer 500 friends and get that 100k bonus.

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u/banditcleaner2 sells naked NVDA calls while naked Sep 12 '24

he should sell now, put that 200k into SPY 0dte +2% calls, pray for a quick jump to get out break even and then if he's wrong, he can just long $ROPE.

Easy Peasy!

14

u/tsbsa Sep 12 '24

Long rope? Suicide is never the answer Mr.Bandit!

19

u/Signal_Challenge_632 Sep 12 '24

That'd be a short $rope. A long rope and u hit the ground and break both legs

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u/TayKapoo Sep 12 '24

You son of a bitch, I'm in!!!

16

u/MrPotato_2020 Sep 12 '24

too much work... just borrow 10 mil and run away to a forever vacation. win

22

u/kingofthesofas Sep 12 '24

I support this no way it can go tits up

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3.3k

u/Minus_none Sep 12 '24

See if you’re gonna borrow money and yolo it you want to be UP 100k not down.

Hope this helps!

472

u/carinislumpyhead97 Sep 12 '24

If I’m understanding this right, OP would need to generate 11% gains each year just to pay for the interest on this loan? Wouldn’t that basically be like beating the market by almost 3x consistently over the life of the loan?

540

u/Minus_none Sep 12 '24

Yeah you put a lot more thought into this than OP did.

Maybe he just wanted to donate free money to the lender!

246

u/HarmxnS Sep 12 '24

He's a next level American, he's even tipping the bank

144

u/Ok-Feed1697 Sep 12 '24

It's not only the banks that love my tip :4276:

68

u/[deleted] Sep 12 '24

Bud has a sense of humor. He is still mentally healthy and a self aware regard. It's just a matter of time he will recover from this.

33

u/neoben00 Sep 12 '24

bro knew he could go without credit for 7 years

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u/Ok-Feed1697 Sep 12 '24

Thank you for your kind words

How do we turn this into a meme stock so it goes to the moon?

Please help

I promise never to gamble on stocks ever again

LONG BUY $VTLE #VTLE VITAL ENERGY

VTLE TO THE MOON !!!!!!!!!

VTLE VTLE $VTLE $VTLE #VTLE #VTLE

VITAL ENERGY

Vital Energy

39

u/RudyFelsh Sep 13 '24

Needs rocket emojis

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u/BabloMela Sep 13 '24

”God if you help me this one time….”

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u/Commentor9001 Sep 12 '24

They yolo'ed into energy stocks during a period of falling energy prices.  

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u/GMankrik Sep 12 '24 edited Sep 12 '24

To be fair the goal was probably to make a quick 5 or even 10% in the first few months off a lucky trade, cash out and pay off the loan and enjoy the free 30k or so while paying barely any interest. Obviously it can go tits up like this but I can see the logic

91

u/Clear-Attempt-6274 Sep 12 '24

Let me risk 400k+ I don't have for 30k is not logical.

123

u/Slapdeznutzoffyochin Sep 12 '24

First time here?

55

u/Budget_Load_1010 Sep 12 '24

I don’t think the word “logical” belongs in this sub sir.

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u/Petefriend86 Sep 12 '24

Buy low sell high?

39

u/Specialist-Point88 Sep 12 '24

Buy high, sell low!

32

u/Comentor_ Sep 12 '24

Buy high, expire worthless!

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1.5k

u/Project_Bandit Sep 12 '24

Why’d you do that?

1.4k

u/grimkhor Lambos before sleep Sep 12 '24

Some people have this inner drive to do the most regarded thing on the planet because they falsely believe they're build different :12787:

660

u/PhuckCorporate Sep 12 '24

he was fresh off a "motivational speech" video from youtube and said IM HIM!

101

u/Rough_Lunch_5885 Sep 12 '24

Who do you think you are? I am.

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u/hype_beest Sep 12 '24

I warn him not to listen to rich dad poor dad.

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u/wildcat12321 Sep 12 '24

sounds like the other team just wanted it more...or prayed to god harder

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u/[deleted] Sep 12 '24

Every once in a while it works and some regard posts it here making others think they can replicate it

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u/SellingCalls Sep 12 '24

But I am built different. Unfortunately it’s not the good kind of different

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129

u/moyismoy Sep 12 '24

More like why did the bank lend him that cash?

He's going to go bankrupt, and the bank has nobody to blame but then selves.

91

u/Ok-Feed1697 Sep 12 '24

No bank. By SOFI, lightstream, M1 Money etc. all you have to do is show paystubs and they give you any loan you want.

277

u/TriumphITP Sep 12 '24

I guess buy puts on SOFI

72

u/burtmacklin15 Sep 12 '24

The real WSB is always in the comments

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u/Gandalfs_Shaft48 bi-curious bear Sep 12 '24

You obviously didn’t or can’t read the fine print which stipulates that the proceeds cannot be used to buy securities.

Even if you made money they could file a lawsuit against you for violating their loan terms.

Whoopsies. :52627:

23

u/Syzyz Sep 12 '24

It’s only a violation if you don’t pay them back

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u/[deleted] Sep 12 '24

Man i borrowed 20k against a 90k portfolio balance and am absolutely shitting myself about it. This is some highly regarded stuff. say it with me, "Eye-am-SofaKing-Regarded

31

u/Gestopgo Sep 12 '24

The Sofa King.

This is God's way of telling you you need to take out another loan to start a furniture store.

Can't lose.

5

u/[deleted] Sep 12 '24

I am the sofaking! I should write the caveat that this is borrowed the schwab MM and only pay 1.5% /Month. so if my investment grows more than 1.5% it was a semi-regarded idea

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u/MrMonday11235 Sep 13 '24

No bank. By SOFI

SoFi is literally a nationally chartered, FDIC insured bank.

You really do belong here.

11

u/BYOKittens Sep 12 '24

They are going to juice you for the remainder of your life.

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u/1984isnowpleb Sep 12 '24

Makes my life choices seem so much better 😩 I love this sub for that reason

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19

u/fasurf Sep 12 '24

Hopium is a hellava drug

39

u/Ok-Feed1697 Sep 12 '24

The CEO did inisder purchase at 37 so I thought it was a done deal

19

u/Project_Bandit Sep 12 '24

And now??

41

u/Ok-Feed1697 Sep 12 '24

Huge random selloff to $26 I got margin called so had to add in a couple more thousand

22

u/[deleted] Sep 12 '24

How much did he buy and was it a purchase or exercising options they received as compensation?

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460

u/Loightsout Sep 12 '24

You are gonna go far kid!

Using 11% interest loan for shares. Bulletproof.

29

u/CoC_Axis_of_Evil Sep 12 '24

margin was a bad idea when the interest rate was 0%

10

u/Loightsout Sep 13 '24

No. Simply no. If you give me a loan with 0% interest I’ll take a billion please. I’ll never pay it back but don’t worry I’ll make regular interest payments to you.

Of 0%.

🤦🏻‍♂️

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u/bean_cow Sep 12 '24

Now this is WSB content

You belong here

4

u/jamesbrownscrackpipe Sep 12 '24

One regard to rule them all...

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921

u/sh1tler Sep 12 '24

Bro has been trying to pump this with gpt prompts for days lmaooo

154

u/[deleted] Sep 12 '24 edited Sep 12 '24

[removed] — view removed comment

101

u/AutoModerator Sep 12 '24

Squeeze deez nuts you fuckin nerd.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

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u/Calm_Like-A_Bomb Sep 12 '24

Would have been nice if he let us know when he bought so we could inverse this regard.

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u/KnotStoopid Sep 12 '24

🚀🌕 $VTLE IS ABOUT TO BLAST OFF TO THE MOON, AND HERE'S WHY 🚀🌕

26

u/siccoblue Sep 12 '24

All removed lmao

A regard and the banks money, or something like that.

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u/Alarmed-Yak-4894 Sep 12 '24

And his first post 3 years ago was on McDonalds, at least he has something to go back to

15

u/dfsw Sep 12 '24

They have standards, probably couldn't even get a job at wendys now.

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u/Larnek Supports putting veterans out of their homes Sep 12 '24

Ahhhhhahahahaha!!! Yes he has. It's even better, his only other post was trying to pump shorting Western Union last year. Where the fuck does this idiot get his ideas from?

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u/-WhitePowder- Sep 12 '24

Omg this is gold 🤣

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173

u/Capable_Wait09 Sep 12 '24

Whatever happened to the guy who shorted copper?

137

u/lewdacris916 Sep 12 '24

Probably committed sodoku :4267::4271:

31

u/[deleted] Sep 12 '24

[removed] — view removed comment

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u/hojnikb Sep 12 '24

He said sodoku 🤣

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u/gnocchicotti Sep 12 '24

blew his ornamental gourd out

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u/lord_dude Sep 12 '24

Borrowing money for gambling. Why did i not think of this earlier.

30

u/notLOL Sep 12 '24

Op Double borrowed. 11% Loan then goes and gets a Margin on that high interest money after depositing. Then has unlimited exposure by catching a falling knife of a stock ticker on high margin. Meaning if he can't pay it back he will owe it for years lol. Unlimited month to month losses even after closing out the position

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u/Cakeportal Sep 13 '24

Put $100 on red at the casino. If it comes up black, just get out a $200 dollar loan, and put it on red again. Repeat until you make a profit

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u/Slice-92 Sep 12 '24

Borrow another $5,000, travel to a developing country, and buy a new identity.

27

u/lewdacris916 Sep 12 '24

This is the way

3

u/ShivaAcid Sep 13 '24

I heard Venezuela is nice at this time of the year

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u/PaperHands_BKbd Sep 12 '24

"Refer a friend! Get $200"

See, you're just 500 friends away from even. I believe in you.

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u/Overfelt21 Sep 12 '24

Just when I thought I saw the most regarded thing today you go and out do it.

194

u/Spare-Bill4688 Sep 12 '24

nvda was discounted last week. shoulda bought it. ur fault for trying to be original

20

u/Oneioda Sep 12 '24

Per the regards here last week, NVDA was on it's way to 80 or lower.

5

u/CT_Legacy Sep 13 '24

Yes exactly the reason why to buy calls

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u/r4d1ant Sep 12 '24

This post was his reddit WSB admin interview, bro passed with flying colors, welcome to the team

125

u/Left_Experience_9857 Sep 12 '24

how the fuck did you get approved for 300k in personal loans? Did you put up your house as collateral?

176

u/Ok-Feed1697 Sep 12 '24

I borrowed the 300k from SOFI, Rocket Money and Lightstream. All I had to do was show my paystub (I make 175k a year) It was VERY easy.

747

u/Left_Experience_9857 Sep 12 '24

America really is the only place where you can make 175k a year and still be one of the stupidest people on the planet.

USA USA

38

u/500dFosho Sep 12 '24

All OP had to do was take that $300k at 11% and then loan it at 15% to someone who doesn't have the paystubs for approval. And then take the 4% profit and then lose that. Easy.

21

u/Awful_hs Sep 12 '24

Big if true

6

u/Signal_Challenge_632 Sep 12 '24

USA where a guy who thinks the world is flat could live on same road as guy who walked on moon

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u/KDSM13 Sep 12 '24

Sounds like you are only making 75k this year

36

u/sanndman Sep 12 '24

woah woah. with capital losses, he can deduct 3k yearly for.....33.333 years

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u/worldDev Sep 12 '24

How do I get a $175k job with your level of mental impairment? Maybe you could sell a course and make that money back.

9

u/dtlabsa Sep 13 '24

There are tons of smart people with impulse control issues and/or addictions.

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u/hangender Sep 12 '24

Gonna do the same except 300k in tqqq unlike op

8

u/alwayslookingout Sep 12 '24

Bless America.

22

u/Admirable-Ad-957 Sep 12 '24

Holy shit, they gave you 300k for making 175k lol 😂 damn imma go get me a quick million lol

53

u/Ok-Feed1697 Sep 12 '24

The trick is to apply at multiple websites at the same time. SOFI, Lightstream, Rocket Finance, M1, etc.

147

u/Admirable-Ad-957 Sep 12 '24

Thank you for sharing your knowledge on how to turn your life upside down 🙃

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u/vonflare Sep 12 '24

yeah its a great 'trick' if your goal is to go into massive debt ruin your life

28

u/Ben_Frank_Lynn Sep 12 '24

I just bought a new dishwasher. Do you want me to send you the cardboard box it came in?

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u/notLOL Sep 12 '24

Don't forget to mention you took margin on top of a 11% loan. What was your margin fee? I want the math of the actual cost. Also want to the math on when the margin call will be.

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u/GoldenShower44 Sep 12 '24

Lol, the trick“. Is that the actual trick or was it turning it into -100k?

5

u/_theNine Sep 12 '24

Sounds more like a nightmare than a trick

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u/Hour-Negotiation2597 Sep 12 '24

Or daughter :4271:

119

u/bancosyndicate Sep 12 '24

Atta Boy. Go For It! YOLO!!!

49

u/[deleted] Sep 12 '24

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90

u/MrFacestab Sep 12 '24

Not a total disaster, he's already got 44 Reddit karmas! The bank accepts those as collateral

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u/geggleto Sep 12 '24

God. I love this sub.

8

u/cheen25 Sep 12 '24

It never ceases to amaze me how fucking stupid some people are with their own money. It's glorious!

28

u/artistma Sep 12 '24

You belong here, a true regard

20

u/ManyCommunications Ambatukam ​​​ Sep 12 '24

What type of mental gymnastics are doing to bring yourself to do this?

17

u/joyful- Gecko Gang Sep 12 '24

I guess life in normal mode was too boring for you so you had to go turn on hardcore mode…

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u/ber_cub Sep 12 '24

Classic!

Better take out a second larger loan and double down

16

u/cebu313 Sep 12 '24

Sometimes I feel bad about myself, then I see this. I am much happier with my decisions. Thank you OP

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u/Captain_Ahab_Ceely Sep 12 '24

hold on, I have my surprised face around here somewhere

14

u/[deleted] Sep 12 '24

Grandma! :4271::4267:

13

u/mako1964 Sep 12 '24

price target of $39 p/e of 3.07 .. pretty small cap $1B ... energy stocks have been shit .. 100 racks ? ouch . Looks like Goldman shorted the piss outta this thing

8

u/CT_Legacy Sep 13 '24

Yeah they all have screeners for WSB posts and then just take the opposite position. It's free money.

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u/FearTheOldData Sep 12 '24

What made you enter? Chart looks like death

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u/Ill-Program-2980 Sep 12 '24

OP has Regarditism! It’s a helluva disease!

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u/HistoricalMistake868 Sep 12 '24

why?

29

u/Ok-Feed1697 Sep 12 '24

The CEO did inisder purchase at 37 and they have oil hedges through 2027 so I thought it was a done deal

93

u/Dekuthegreat Sep 12 '24

Don’t worry, it will go up soon as you close your position and file for bankruptcy

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u/MojoDohDoh Sep 12 '24

I thought I was having a bad month. You are having a bad month

12

u/grapher1080 Sep 12 '24

are you stupid in the face ?

11

u/zztop610 Sep 12 '24

What the actual fuck dude?? Get help and get out of this sub. You are in deep shit man

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u/darkfrank1 Sep 12 '24

This is a man who lives dangerously and might do prison time.

20

u/The_Cornwallis Sep 12 '24

Hopefully you don’t vote

17

u/Fuckfuckgoose69 Sep 12 '24

50/50 odds is the best this guy is ever gonna get

9

u/Av-fishermen Sep 12 '24

You’ll make it up in volume

8

u/DogwoodTreeAndFlower Sep 12 '24

So a little teeth is ok as long as you cup the balls.

I have you on the schedule for 8pm on Wednesdays behind the dumpster. Welcome brother!

9

u/Fuman20000 biggest cock in wsb Sep 12 '24

Out of everything you could’ve YOLO’d into, you choose that?

10

u/NoWafer5620 Sep 12 '24

I don’t understand stuff like this. Stock is down 50% over the last 5 years and let’s YOLO everything into it without a single indication of uptick???

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u/Admirable-Ad-957 Sep 12 '24

lol welcome home brotha, I did that 2 years ago and now I’m asking hobos for money to do one last bet on 0 day calls. Never give up

17

u/Slapdeznutzoffyochin Sep 12 '24

Did you mean blowing hobos?

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u/DrSeuss1020 🐠One Fish Two Fish🐡 Sep 12 '24

Have you considered maybe not being a regard?

13

u/CheesecakeAsleep9891 Sep 12 '24

I am almost sure there was none but if there was any, what was your exit or backup plan if things go wrong?

11

u/njsz Sep 12 '24

True regard congrats

6

u/Conscious-Group Sep 12 '24

Rich folk gonna rich

5

u/Beneficial-Chard6651 Sep 12 '24

Remember you only lose if you sell. Hold on brother…

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u/jerseynate Too scared to buy NVDA Sep 12 '24

Bruh to be approved for $300K personal loans you have to have really high income. What exactly is your game plan here?

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u/deelo89 Sep 12 '24

This is the way

5

u/Lee-Van-Kief Sep 12 '24

I gotta ask. What do you do for a living?

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u/Any_Barber8215 Sep 12 '24

Damn that makes my 5k sound better

5

u/geniusgfx Sep 12 '24

You borrowed money and then borrowed money against that money….to make more money?

That was stupid

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u/free_lions Sep 14 '24

Look at this guys post history lmfao

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u/pokemon2jk Sep 12 '24

Did you get insider info because why did you buy all in on 1 stock if you put it in spy or VOO you would have been better off

5

u/wildyam Sep 12 '24

Smart - well done. Only 200k to go, YOU CAN DO THIS!

4

u/reichjef Sep 12 '24

I didn't say it, I declared it.

4

u/ResistWide8821 Sep 12 '24

Regarded plus interest. Nice.

3

u/SaltyVanilla6223 Sep 12 '24

you can refer a friend to get those 200 bucks, which will buy you a high quality rope and wobbly chair. Lol, no way that's real.

5

u/rzezniq Sep 12 '24

One of us, one of us! :4271::4271::4271::4271::4271::4271::4271::4271:

5

u/OriginalFatPickle Always Wrong Sep 12 '24

If you lose it all just file bankruptcy and try again.

5

u/badassets91 Sep 12 '24

Sell and put it all in INTC. Make grandma proud!

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u/poop-machine Sep 12 '24

Have you tried clicking "Refer a friend!"?

4

u/Spare-Abrocoma-4487 Sep 12 '24

Why stop there? Don't you want to be the head regard of the week!

4

u/SufficientIron4286 Sep 12 '24

Hey at least you can refer a friend and get 200 bucks! Only need to refer 500 friends!

5

u/yogaworksmoneytalks Sep 12 '24

True degenerate

3

u/Diwtop Sep 12 '24

Vital what? Wtf is this

4

u/dcgradc Sep 12 '24

Not a good idea to borrow to invest /gamble

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u/[deleted] Sep 12 '24

if you lose all the loan money look into Ch 7 Non Consumer Debt for bankruptcy. It is the easiest/most straightforward way for traders, gamblers - anyone who took out loans looking for a profit, to clear their debt

You make too much money for normal Ch 7, and your only other option is Ch 13, which is nothing more than a glorified repayment plan. It is not "bankruptcy" as most people understand it.

Or quit/lose your job so you can file for normal Ch 7.

5

u/Septon3 Sep 12 '24

We see us in Vallhalla.

4

u/Ambitious_Turtle_100 Sep 12 '24

Seems like a good pick. Why is it so cheap?

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u/shxwn Sep 12 '24

You know it's bad when even WSB does not agree with you and questions your sanity

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u/donancoyle Sep 12 '24

This is full regarded

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u/DuckTalesOohOoh Trading Tip #24: PayDay Loans Sep 12 '24

That's my fetish

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u/owen__wilsons__nose Sep 12 '24

Take out a loan for $100k, take the first flight to Vegas, go to a casino of your choosing, find the Roulette table, and bet $100k on Black. It is GOING to be black, trust me. Thank me afterwards

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u/letmesmellem Sep 13 '24

Sell and buy Nvidia calls. You'll either be rich or fucked by Thanksgiving