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

[u/ihasanemail]

[u/arcanition]

OP is actually rich via the boring -- but aggressive -- way.

The boring? Maximize full-time income (typically via tech/sales, at least $100k-150k USD/year); max contributions to 401k, IRA, HSA, and then funnel as much extra money as possible into a taxable brokerage, like OP is showing here. Obviously, making $100k/year makes this easy, but making $200k, 300k/year or more makes this a piece of cake. As for what to invest in... just plop it all into one easy low-expense fund, just gotta choose that fund:

The aggressive? Well, which fund is OP in? We know it's performance was -12.79% on April 3rd. Looking up some low-expense funds, I don't think it's any of the typical index funds as the worst performing today was the IT sector (Information Technology Spliced Index) with an example fund of Vanguard's VITAX (Vanguard Information Technology Index Fund) which "only" lost 7.30%. Another thought of mine was the semiconductor index (example fund SOXQ) but that was "only" down 9.85%. So it has to be even more aggressive than having $4.5M completely in the semiconductor sector. To be honest, I got bored guessing at this point and just looked through the long fucking list of funds. Honestly, best guess is something like ProShares Ultra Russell2000 (UWM), a leveraged small-cap index.

[u/standermatt → u/arcanition]

Which is interessting, since the post history indicates 8 month ago he resigned from his job and decided to quit leveraged trading and stick with VTI, so somehow in retirement he decided to go for risk again. Also he was at 2.3 million 8 month ago, so it worked out more than it failed so far.

[u/spezeditedcomments → u/standermatt]

It's called gambling and addiction for a reason lol

[u/Spirit117 → u/standermatt]

He is posting on r/wsb, are you surprised?

[u/Prestigious_Slip_958 → u/standermatt]

2.3 mil 6 years ago 10 mil 8 months ago. Read

[u/arcanition → u/standermatt]

Gambling addicts are famous for announcing over and over that they are finished with gambling.

It's called an addiction for good reason.

[u/Sonic_the_hedgehog42 → u/arcanition]

I do agree, I know many people working in sales in their 50s who earned 100k plus each year and maxed out their 401ks every year for 25 years. Just doing an index and they can have multiple millions.

[u/ScuttleCrab729 → u/arcanition]

Cost of living is also a massive factor. I make close to 100k a year but NJ is expensive as fuck to live in so I’m still behind that Wendy’s dumpster.

[u/icsh33ple → u/ScuttleCrab729]

Twenty bucks is twenty bucks

[u/BitingBlush6969 → u/icsh33ple]

Right but in some places 20 bucks will buy a baconator, other places 20 is a down payment on a baconator

[u/Papaya_flight → u/ScuttleCrab729]

Yeah I am at 163k a year salary but I have six kids and am single income earner living probably close to you, so yeah it's not as easy as earning the same in the south in some shitty state.

[u/cwmoo740 → u/arcanition]

$100k / year is garbage today. A competent grad from an ivy league can earn $250k+ out of school and $400k+ within 5-10 years. A top grad can do $800k+ within a few years of graduation. I've seen people get offers of $300k salary and $1.2M stock vested over 4 years right out of a master's program.