r/wallstreetbets • u/startedstonks04-2020 • Feb 01 '25

Gain 12k -> 115k @ 22 yr old

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Friend told me this is post worthy, anyways I’m blessed. I withdrew everything and put it all into VOO. Hoping I’ll be ahead of my age group for future retirement. God bless America.

5.5k Upvotes

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2.4k

u/Firm-Reason9324 Feb 01 '25

Man wish I did that. 7k to 120k and back to 2k back in 2021. Good on you bro

651

u/startedstonks04-2020 Feb 01 '25

next time, you know when to quit!

575

u/Firm-Reason9324 Feb 01 '25

I don't. I blew another account not long after. Now all small accounts worth 3k

126

u/daniel940 Feb 01 '25

My trick is to have my largest account with a full service broker - a big investment bank without online trading access. Having to talk to them to make moves limits me big-time.

55

u/TheyTukMyJub Feb 01 '25

Wtf, which bank operates like that in 2025?

89

u/half-shark-half-man Feb 01 '25

The Genco Pura Olive Oil Company.

19

u/Neathh Feb 01 '25

I was all in on sesame seeds, but Olive Oil makes cents.

2

u/Afraid_Inspection_15 Feb 03 '25

Shits fucking expensive, ever tried sourcing cold pressed olive oil?

19

u/scharvey Feb 01 '25

I inherited an Edward Jones account when my wife died and I was shocked by the lack of capabilities of their portal.

-7

u/TheyTukMyJub Feb 01 '25

My condolences. Did you send something to her boyfriend & tennis teacher as well?

6

u/jeffydealshugs Feb 01 '25

Kinda uncalled for

2

u/TheyTukMyJub Feb 01 '25

If your wife doesn't have a bf then this isn't the subreddit for you

1

u/No_Olive_4836 Feb 02 '25

I am the wife's boyfriend

2

u/TheyTukMyJub Feb 02 '25

Here to check on her husband's profits? Smart man

2

u/justbrowse2018 Feb 03 '25

I am your wife

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1

u/scharvey Feb 02 '25

Luckily that was just one person.

9

u/jogudebenguele117 Feb 01 '25

I work with a Nigerian bank - they do that ;-)

1

u/cjspoe 1170C - 7S - 4 years - 11/9 Feb 02 '25

Meryl’s UI is such shit it basically does, just park money in their to get a good catch all credit card or do that 401k company - their giant I think it starts with an R

5

u/Chim_Pansy Feb 01 '25

Why not just have actual self-control and be smart? Is the temptation to fuck your entire future really that much for people? It's a rhetorical question, but still. If you know you'd be setup for retirement down the road, what makes you want to fuck with that to begin with?

6

u/joels341111 Feb 01 '25

Sir, this is r/WallStreetBets. This is a casino.

2

u/Chim_Pansy Feb 01 '25

I know it's just a bunch of gambling addicts, but still.

3

u/Firm-Reason9324 Feb 01 '25

Got 2 swing accounts mostly for leaps and long options and the largest small account is for day trades only.

1

u/xiaosuan441 Feb 01 '25

I know that UBS/Crédit Suisse Hong Kong do that

1

u/khobykhat Feb 01 '25

99% procent of investors stop right before they’re about to hit the big one

1

u/tukamon Feb 01 '25

It is ok .. I gambled 600k at the age of 28 from a third world country. And ended in debt of 30k with loan sharks. My salary is 500€ per month.

1

u/Firm-Reason9324 Feb 01 '25

Holy shit. How u get that much. I get denied trying to get a 25k loan.

1

u/tukamon Feb 03 '25

I worked online sales for 8 years and earned them myself. I could have easily been retired at 26-27 years old and lived like a king for the rest of my life. But nooo .. I wanted more. I needed the adrenaline. Which is normal because gambling is a serious disease.

15

u/[deleted] Feb 01 '25

If you keep investing you never quit. So you either quit with 115k. Fall behind. Or invest I my passively into things that average 10% per year roughly. Or you risk it in whatever you are now and risk watching it grind down to $0 or hit millions.

2

u/BaconJacobs Feb 02 '25

Take out 100k and do it again! Don't bet it all.

My buddy once said "yeah sure it's house money, but at some point it's money to pay off your house."

3

u/Chim_Pansy Feb 01 '25

I hope that means you're gonna be smart and quit too. You basically just set yourself up for life if you invest that into the S&P 500 (VOO or SPY) with dividends reinvested and don't touch it for 40 years. Even if you add nothing else to it between now and then, it'll become $5.2 mil when you're 62. $6.9 mil at 65. Keep adding to it between now and then and you'll be worth over $10 mil easy. You could probably retire at 55 or even 50 and work part-time to cover your expenses.

1

u/gsl06002 Feb 01 '25

I'm almost entirely in SPY at this point but I still keep around 5k in another account for fun option plays sometimes.

1

u/Realistic-Disk-1489 Feb 03 '25

Congrats. But don't be so sure you are done playing. It's a disease.