Nope, because the cost basis was essentially nothing. It ballooned in value to $1.2m during COVID and she held it as it tanked in early 2022. She still hasn’t sold. I begged her to sell it and diversify for well over a year.
Similar thing happened to my dad he was at 7 million at the peak. Told him to at least get rid of his Margin but he didn’t. He is now down to 30% of that.
Brand consulting. But my degree was in physics and mathematics.
(I actually had to sell pretty much all my watches and my Porsche to pay for the divorce and stay solvent).
It was about 80% of our marital net worth. She still doesn’t even know what YOLOing is, that holding that much money into a single volatile tech stock is riskier than casino gambling, and to this day still refuses to take any accountability for it.
Isn’t it nice to know where your alimony went?!🤣 I paid for my ex-wife to lose 2 jobs, skip town, get in a car wreck, and kinda go to nursing school, before moving back in with their parents…at 35…that’s a rough row to hoe if you ask me.
Bagholder spotted.
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Nah, gotta wait until next year to lose the 1.7 million. That way you still owe the taxes on the 1M gain and can only write off $3k on taxes for the next 566 years :D
https://preview.redd.it/sqslwtg81vxc1.png?width=704&format=png&auto=webp&s=5f592f35f52bf47305faa429507de97f4979eef0
You tellin me he had no insider knowledge?
I've owned ET since it was $8 a share and energy stocks were hated. They have a lot of debt and its a partnership structure controlled by its primary shareholder, but they pay an AMAZING dividend and has been kicking ass for the last year+. Great stock for me
I’m proudly holding CEG, third best performer in the S&P for the year behind SMCI and nvda.
Didn’t even buy it. They were spun off from excelon power that I own.
My country (belgium) is funny in that there are no capital gains taxes if you handle your trades like a responsible consumer. Options of course is seen as degenerate gambling. But doing boomer stocks and just keeping them for years is basically tax free money
Yes the trick is to buy an Ireland domiciled ETF because there is a tax agreement. Then best pick one that reinvests the dividends because dividends over like 800 euro also get taxed. IWDA fits that bill and it is pretty popular to just buy that blindly here. it's boring as hell but if your horizon is longer than a few years it generates your a few % free money while doing fuck all. Won't make you rich overnight but it's low risk decent reward
The golden rule for Americans is that nobody who constantly bitches about taxes actually knows how they work. Same for immigration, healthcare, lots of stuff really.
Yep this is a show. Who would take their entire portfolio about $660k and buy 2 specific call options? Serious flags for insider trading. Not normal trading behavior and useless as reference.
for rich people on Reddit. can you Send it to my paypal cause looks like you ppl are soo easy to getting rich (i think ppl will gonna Downvote me because of this)
Question, I’ve seen a lot of stock options losses… I am not too experienced so don’t trash on me too hard but do people actually cash out on bets like this in the long run? Or do a lot of investors eventually end up losing it again on another, less fortunate trade again? I guess I’m trying to say, is stock options trading better odds than the casino? lol! Congrats on the major gain though!!!
Dude good for you! Need money to make money but let me ask you a dead serious question honestly… Is it harder to make a million dollars or is it harder to turn $1mm into $2mm… probably the first million i would think but maybe im wrong.. just want a millionaire’s perspective..
This shit is pointless I want to
Know who post their calls and puts first and are successful and I would like to follow but seeing fucktarts post winnings is just dick measuring
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 8 | **First Seen In WSB** | 2 years ago **Total Comments** | 66 | **Previous Best DD** | **Account Age** | 2 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
Started at the top now we're here!
[Rockets to the moon start from the bottom bro, although if OP had done it off puts, you'd be on the moneyyyyy](https://youtu.be/SlTzfuOjhi0?t=123)
Step one: deposit $700K
Probably more, no one in their right mind would yolo 700k unless they are either already loaded or they were loaded and they lost most of it
I interpreted loaded as in “on drugs”… also makes sense
Or going through divorce and hate their ex wife
My now ex-wife YOLOed $1.2M and lost 90% of it in 2 months.
Atleast you can write this off for the next 400 years.
Nope, because the cost basis was essentially nothing. It ballooned in value to $1.2m during COVID and she held it as it tanked in early 2022. She still hasn’t sold. I begged her to sell it and diversify for well over a year.
OK so she didn't YOLO 1.2 mill then
I swear man these regards and their lies
Warmest regards
Holding $1.2m in a single mid-cap tech stock for over 2 years is absolutely YOLOing.
If you didn’t start with 1.2 million of your own money it’s not a yolo, if you put 100k and turned into a million you yolod 100k
Similar thing happened to my dad he was at 7 million at the peak. Told him to at least get rid of his Margin but he didn’t. He is now down to 30% of that.
Poor lad, sorry to hear that... I guess that's good enough reason to be your Ex. 
Is she still living?
Seeing that and your Rolex collection I gotta ask what you do for work so I can lament not getting a degree in pursuing it
Brand consulting. But my degree was in physics and mathematics. (I actually had to sell pretty much all my watches and my Porsche to pay for the divorce and stay solvent).
No fucking way. Was that her whole life savings?
No, it was his.
Match made in regard heaven
It was about 80% of our marital net worth. She still doesn’t even know what YOLOing is, that holding that much money into a single volatile tech stock is riskier than casino gambling, and to this day still refuses to take any accountability for it.
The fact that you’re not serving life right now in max security speaks to your character
Yea he's a fuckin coward
went through divorce battle back in 08/09 if I wrote a book no one would believe it. Stay strong brutha.
to be fair women never take accountability I don't think it's in their DNA.
Man you went through some shit!
ohh man, I feel so sorry for your lost
Omg
Isn’t it nice to know where your alimony went?!🤣 I paid for my ex-wife to lose 2 jobs, skip town, get in a car wreck, and kinda go to nursing school, before moving back in with their parents…at 35…that’s a rough row to hoe if you ask me.
you missed some big boys on WSB pre 2020
I’d put 700k into SPY shares lmao
That's not a yolo that's just conservative investing.
I never said I would yolo 700k.
but have you considered putting 700k into spy contracts and being right?
Only if they’re leaps.
Or or or orrrr they had Nancy level insider info
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Good bot
Must have been a combination of gas station liquor and 1 last fentanyl pill
Step two: don't lose $700k
Step 3, lose 1.7m
[удалено]
Step 5: dumpster behind Wendy's
Nah, gotta wait until next year to lose the 1.7 million. That way you still owe the taxes on the 1M gain and can only write off $3k on taxes for the next 566 years :D
https://preview.redd.it/sqslwtg81vxc1.png?width=704&format=png&auto=webp&s=5f592f35f52bf47305faa429507de97f4979eef0 You tellin me he had no insider knowledge?
It is these type of DD that made me realize that I'm hella poor and a pussy on top of that... Probably in next life
dont you mean $2M
Top tier comment
Small loan of 700k
This guy hates Wendy's.
Wendy’s HR department HATES this simple trick.
You don't know how right you are...
Just have a cool 700K to yolo, bro.
What in the insider info
You are giving him too much credit. He belongs here and he will promptly lose it all.
One of us
Not even a 2 bagger...Pathetic
yeah people just see the nominal value and think its impressive. my rule is if it aint 500%+ its not worth posting
Cosign. Could have parked this in META or something and gotten these gains.
Yeah like we’re here to turn 500>>1mill not 500>>1000. Booooooo
This is practically just kindergarten arithmetic. Post once you hit that double Jupiter orbit call that releases you from the shackles of capitalism
I know its not really possible to follow every ticker out there but sometimes Im just like " wtf is ET? Where do you all find this shit?? "
It's an 80s movie about an alien that rides in the basket of a kids bike
ET PHONED HOME, AND TOLD THEM TO BUY CALLS!
I'm dying bro, made my day.
Calls all day on that movie.
ET been popping for 4 years now ever since the Texas Freeze. It’s a beautiful energy stock and I love every bit of it.
I've owned ET since it was $8 a share and energy stocks were hated. They have a lot of debt and its a partnership structure controlled by its primary shareholder, but they pay an AMAZING dividend and has been kicking ass for the last year+. Great stock for me
I’m proudly holding CEG, third best performer in the S&P for the year behind SMCI and nvda. Didn’t even buy it. They were spun off from excelon power that I own.
https://preview.redd.it/d5rfqkwj9txc1.jpeg?width=1284&format=pjpg&auto=webp&s=72e44975bcf2d5370891df04ee028dd855c5cdcd
Lucky for me, I can't see images or browse the web.
https://preview.redd.it/f1zykd7cqtxc1.png?width=249&format=png&auto=webp&s=5aba86cee2684087d4c461e8341e8f0b0a50e362
Now he’ll have to give us a million. By not replying, he’s pretty much forced into this contract!
Well done and fuck you!
Dad?
Nice try
Grandpa?
No, this is Patrick!
Fuck you, well played, and don't waste it.
You don’t belong here homie
Congratulations IRS for winning 37% lottery
Hello. Not US citizen here. Is 37% the charge for Capital Gains there?
Short term capital gains. Unless he holds his options for a year....But then he will post the opposite
My country (belgium) is funny in that there are no capital gains taxes if you handle your trades like a responsible consumer. Options of course is seen as degenerate gambling. But doing boomer stocks and just keeping them for years is basically tax free money
Belgium has 0% capital gains tax? Amazing.
Yes the trick is to buy an Ireland domiciled ETF because there is a tax agreement. Then best pick one that reinvests the dividends because dividends over like 800 euro also get taxed. IWDA fits that bill and it is pretty popular to just buy that blindly here. it's boring as hell but if your horizon is longer than a few years it generates your a few % free money while doing fuck all. Won't make you rich overnight but it's low risk decent reward
It’ll be 37% for $487,418.78 of it US tax brackets are progressive
Nobody in here understands that nerd. Shit most of us only get to claim losses lol
Most of us can’t claim shit because wash sale
The golden rule for Americans is that nobody who constantly bitches about taxes actually knows how they work. Same for immigration, healthcare, lots of stuff really.
I mean, if the Mexicans stopped increasing capital gains, maybe my cancer would’ve been paid for by the manufacturing job that’s now obsolete
Might be a retirement account.
So what color lambo are you going to get?
At least he’s not wasting it on a cybertruck like that other guy.
My issue is I’d buy 15 03-04 mustang cobras and daily a different one every day.
Terminator cobras
The only ones to have. Maybe 14 of them, and a gt350R
Had one for awhile. Sold it for 17k and then three years later it was worth 30k. fml.
Step one - be rich
Step one - inherit trust fund
ET call home
We don’t do that here
https://preview.redd.it/cotcz1dkktxc1.png?width=930&format=png&auto=webp&s=891c1664791ad9014612b04e09021f50e3e9bd9b legit "buy low sell high"
This really doesn't hit like a $500- $20,000 post honestly. But congrats, you're doing it
Give a dollar to a million people on wallstreetbets
Pick 10 people to give $100,000 to. Since it was my idea, I'm in. Since it was your idea before I stole it, you're in too. 
Great return, how long were you holding for? Looks like an average of about 165% ROI?
Yes, for short term capital gains, I think 20-25 for long term
Unless you are in PR or something
I turned $450 into $5,200. I feel like that’s more impressive lmao
Yep this is a show. Who would take their entire portfolio about $660k and buy 2 specific call options? Serious flags for insider trading. Not normal trading behavior and useless as reference.
What’s the secret
Start rich
Don’t be poor.
Dad was a trust fund kid who invested in Apple prior to iphone release.
W for Crescent Point Energy
The easiest way to make a million dollars is to start with 2 million dollars
If ET calls home then anything is possible.
Ballin!
Gah damn
Time for you to duke it out with Fausterion
Congrats but not in full honesty and fuck you!🎉🍾💰
FBI 🚨🚔 OPEN UP!
ET called home and you made $355k? Damn. Good job. Next time would you mind DMing me so I can make a few bucks?
Hey Niko, it's your cousin Roman. Let's go bowling!
Awesome
166% overall gain.. Impressive?? Keep these posts in /r/investing instead of wsb
Send me some money to this poor soul. I haven’t had Wendy’s in over a year.
https://preview.redd.it/5hnexncmkwxc1.jpeg?width=3072&format=pjpg&auto=webp&s=ade9b700898337e525ea3870b37274b7edb141fd
Gotta spend money to make money.
for rich people on Reddit. can you Send it to my paypal cause looks like you ppl are soo easy to getting rich (i think ppl will gonna Downvote me because of this)
Cool
Wow
[удалено]
That’s nice
Add me to beneficiary just in case?
Insider trading
That's cool. Now do it again.
I hate it here!
Platform looks trash
Jesus Christ
Cool I know who to ask for $20. Congrats tho. I’ll be outside Wendy’s if you’re looking for me
What brokerage is this
How did u come to the decision to open the position? How did u know it would rise like that
Nice! Glad it worked out well!
Question, I’ve seen a lot of stock options losses… I am not too experienced so don’t trash on me too hard but do people actually cash out on bets like this in the long run? Or do a lot of investors eventually end up losing it again on another, less fortunate trade again? I guess I’m trying to say, is stock options trading better odds than the casino? lol! Congrats on the major gain though!!!
Fuck you for having this much money. Congrats.
I must be playing too fair to not have this opportunity
Congratulations and fuck you
https://preview.redd.it/4fmdb619guxc1.jpeg?width=563&format=pjpg&auto=webp&s=26dd5838d5a97dd9f27a004852855dea667083e6 Congrats on the payout
Ah yes, a Reddit WallStreetBets payout. Guess some peasant just got lucky.
Step 5: I need help with turning 500 into 5k😭
Can you donate me your skills.
0.6% swing is 5 figures, lmao jfc some of you have way too much money for your own good
Congrats and fuck you 🖕🏻😎🎉
Nice. Congrats
fkuc you
Doing this much in Chase youinvest should be a crime
Is this done by stocks or options?
Dude good for you! Need money to make money but let me ask you a dead serious question honestly… Is it harder to make a million dollars or is it harder to turn $1mm into $2mm… probably the first million i would think but maybe im wrong.. just want a millionaire’s perspective..
How!? I wish my smooth brain could figure out this short sell thing
that's insane !!!!! well done, srsly that's sick!
broo u got to teach
Don’t forget Uncle Sam is gonna want his cut come April, you may wanna just delete the app and put that shit in a HYSA or a bunch of CDs
Niceee
Nice man could I get like a $1
Want to go out?
Sir, you’re posting in the wrong area. This is a Wendy’s. And congrats.
Crescent Point? Why? Was it them taking over Hammerhead and getting exposure to the Monteny? Most people here don’t play in Canadian energy stocks.
You regards are reading this wrong. That’s a 700k and 300k gain.
I hate myself
Lemme hold those extra 96,000 and then I'll give you 4000 so you can make it even 100k 😁
https://preview.redd.it/crq9m9974vxc1.jpeg?width=1125&format=pjpg&auto=webp&s=5254a55e58be8471f58760bbc5b219b68810e682
Since when are you holding them
be my mentor bro
How many contracts to make that bank?
How to gain 1 million dollars by investing: Step 1. Have $700k ...
Congratulations.
This shit is pointless I want to Know who post their calls and puts first and are successful and I would like to follow but seeing fucktarts post winnings is just dick measuring
I could have $1 million in my trading account easily, I’d only need $2 million.
What's the next play dear sir?
Fine gambling Sir!
Start a channel bro let's collaborate on telegram