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.

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u/startedstonks04-2020 Feb 01 '25

tbh, I still live like I don't have this money, life spending habits rlly minimal. Though I am tempted to use some of this to go travel somewhere...

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u/[deleted] Feb 01 '25

you should to reward yourself. Use 15k for travel and fun and keep 100k at the bank in a high yield savings account that you never touch

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u/startedstonks04-2020 Feb 01 '25

should I go travel more when i'm young vs later when I have a family? I wanted to save my $ for travelling when I have future kids and a wife, but I heard solo travelling is a must.

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u/[deleted] Feb 01 '25

The future is not guaranteed. I picked up a couple injuries and a chronic illness and can't travel like i could when I was early 20s. It's just too much and I'm only in my 30s. Anything can happen before you have a wife and kids.

Also seriously stop trading until you have 2 accounts. One for long term investing with options not approved. One for gam- I mean trading. Get this money transferred to a different brokerage and take next week off. I know you're young and you prob won't listen but if you do you'll thank me later.

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u/startedstonks04-2020 Feb 01 '25

Thanks for this, will do.