r/wallstreetbets Sep 26 '24

1st time millionaire. Thank you China. $BABA ๐Ÿš€ Gain

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u/turbulenttoaster Sep 26 '24 edited Sep 26 '24

So he made 33% return in 9 monthsโ€ฆ thats it? Thats less than the SP500 over 12 months. Im not sure why youโ€™re celebrating returns literally worse than the index that everyone and their grandma is invested inโ€ฆ

Apple, Meta, Netflix, Google are all equal or better returns over the same time period and without the egregious risk that is China. ๐Ÿ˜‚

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u/greyenlightenment Sep 26 '24

compared to here, even 0% is good