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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u/LiL_Daquan 1d ago

Rich people really just be casually on Reddit

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u/arcanition 1d ago

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.

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u/standermatt 1d ago

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.

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u/spezeditedcomments 1d ago

It's called gambling and addiction for a reason lol

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u/Spirit117 23h ago

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

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u/Prestigious_Slip_958 18h ago

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

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u/arcanition 18h ago

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

It's called an addiction for good reason.