r/wallstreetbets • u/ihasanemail I am a huge prick. Welcome to r/wallstreetbets • 1d ago

Discussion -$596,000 today after tariff announcement. Purely coincidental the Wendy's app is hooking me up with a $1 JBC for dinner.

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764

u/AwkwardBet5632 1d ago

If you've got $4MM and you lost 13% today, then I think it's time for the John Goodman speech.

250

u/loudtones 1d ago

Bingo. Seriously wtf is wrong with these people. This shit ain't complicated. 

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u/PotatoWriter 🥔✍️ 1d ago

You assume they got to where they were with "simple" means. That doesn't happen unless you're 1) old and 2) have been investing safely for a long period of time.

If they got there younger, that's either 1) born to rich parents or 2) risky ass dumb regarded plays that worked out somehow

So it's quite regardedly complicated to be fair.

10

u/Fickle-Experience526 1d ago

Or maybe they got a really good job (some tech industry roles pay salaries around $1 mil/year) and saved aggressively? It’s not always rich parents or dumb luck. 

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u/DAE77177 1d ago

Is being born into the USA, during a massive tech boom not luck?

24

u/Silkku 1d ago

Yeah it's been both funny and sad reading these "just get a job at tech and save some of your 100k/year salary you make straight out of school and once you are making 300k life will be easy" posts

Bitch over here you study 5 years and after some years of experience you might get to 60k a year with roughly 50% tax rate

Good luck saving 5 mil with that combo

17

u/StonkaTrucks 1d ago

Same in America for 90+% of people.

6

u/Odd_History4720 23h ago

Only difference is Half the tax and 100x healthcare costs

1

u/Papaya_flight 17h ago

Yup, I'm on the top 9% of earners but broke as shit because of life long disease that needs treatment. My best case scenario for a retirement plan is to move to a different country.

1

u/Odd_History4720 17h ago

Come on to Thailand. I moved here last year. Love it. Not so cheap anymore but still very cheap

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u/thatstheharshtruth 18h ago

And your conclusion from that is that some people are just so lucky and not that maybe you should stop supporting policies that have the government steal half your money?!

4

u/Additional-Baby5740 1d ago

If you can make a million in US tech you can make 700k in India which will go farther than the west coast where a million is only a downpayment for a house. I have friends that have moved on to international roles and the bar is much higher in US. US entry level tech positions hire people equivalent to midlevel in other countries. A million a year in US is mid-to-late stage. A friend of mine that was making that much transferred to India and has his own team of 200 engineers there.

17

u/Lesurous 1d ago

In the U.S.? Tech jobs have been outsourced for awhile now, with domestic tech workers being intentionally excluded with non-sensical experience requirements for entry level positions.

4

u/Impressive-Collar834 1d ago

Can confirm, grew up not rich went from 0 to 2M at 30 from tech jobs

7

u/Unlikely-Winter-4093 1d ago

There is the odd person who gets there on their own. Some people just excel and become successful without handouts. Not everyone's regarded.

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u/ItsOkILoveYouMYbb 1d ago

Yes we all enjoy nice hero stories. The vast majority of people are regarded and so are you and so am I, let's be real. Doesn't mean you shouldn't try, and it doesn't mean you can't get better and smarter over time, but "not everyone's regarded" might as well be a worthless platitude.

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u/Ancient_Box_2349 1d ago

What is John Goodman speech?

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u/Deep_Assistance 1d ago edited 1d ago

"you get up 2 and a half million dollars any asshole in the world knows what to do. You get a house with a 25 year roof, an indestructible Japanese economy shitbox, you put the rest in the system at 3-5% to pay your taxes and that's your base. That's your fortress of fucking solitude. That puts you for the rest of your life at a level of fuck you. Somebody wants you to do something? Fuck you. Boss pisses you off? Fuck you. Own your house, have a couple bucks in the bank, don't drink. That's all I have to say to anybody in any social bubble."

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u/Midxtimer 1d ago

Sounds like an unpleasant life

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u/Smile-Nod 1d ago

Fuck you

26

u/DrakonILD 1d ago

Never wanting for anything sounds unpleasant? Fuck you.

7

u/Thencewasit 1d ago

I think the wolf of Wal street “I am not leaving” would be better

1

u/Affectionate_Ship129 1d ago

Fuck you

3

u/AwkwardBet5632 1d ago

you got downvoted, but I got it.

o7