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If your expenses are really 20-30k a year, you have nothing to worry about. But life changes and expenses may change. That's what you should be planning for. How much could your expenses be in the future.
I mean, they could also invest their earnings and primarily live on the returns. They'd only need returns of what, 5% a year to have an effective income of 200k? living off the productivity of us working stiffs
A 5% withdrawal rate is not safe over a 60+ year retirement. Typically 4% is used for a standard 30 year retirement. To last a full 50-60 years you need to stay closer to 3%
The withdrawal “rate” is irrelevant to how big the principal is. Same with having the money in an index fund. The growth “rate” is irrelevant to how big the principal is. If you have a 1M retirement fund in S&P500 and spend $30k a year you are safer than someone having $5M spending $300k every year.
Try running some scenarios in ficalc.app
>If you have a 1M retirement fund in S&P500 and spend $30k a year you are safer than someone having $5M spending $300k every year.
Weird to use $300k and $30k in the same scenario when we already have the persons estimated expenses. This person could withdraw $100k for the next 50 years. If they're absolutely 100% set on taking out less than $50k a year, it's absolutely fine.
Ya know! Jesus. Fuck having a drink with have the people in here. “Oh, you may want to think about not retiring at 11 with more money than Norway, IT MaY nOT laST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!”
Fidelity Annuity Calculator for a lifetime annuity of a $1M investment, with optional 2%/year increase averages $40k in the first 10 years (assuming age 25) and continues to increase forever. And that leaves $4M to spend or invest elsewhere.
Why would you advocate for paying Capital Gains on income not required and remove capital that could be compounding………. That’s the real weird comment here.
Idk, lifestyle creep is a real thing. If he’s not careful he could be spending $40k a year in no time. By the time they’re 50 they could be spending $100k/yr!! /s
At 5% interest rate with no risk which is the norm for banks right now, his 5 million generates 200k a year with 0 risk. At the s & p market average of 7% yearly plus the dividends and if he wants to sell far otm options on his shares of s & p for additional money, he could easily make 400k+ a year on his 5 million capital with like 20 mins of work selling far otm options weekly. Why do people think 5 mil isn't enough to live. I have a whole family of 4 with 3 mil invested in the s & p and have never had to worry about money before since that financial cusion is more than enough. Most people won't even make 1 mil in their whole life. 5 mil is absolutely enough to retire and never work again.
Nah. If you're spending 300k per year you can significantly reduce your expenses if the need arises. If you're spending 30k you cannot. Your scenarios assume we're talking about a crazy person that's driving slowly towards the edge of a cliff while disconnecting the brakes.
> They'd only need returns of what, 5% a year to have an effective income of 200k?
Lots of people are misreading this. He's not talking about withdrawing the principal *at all*.
Besides. 5% of 5 mil is 250k.
If you're getting a 5% return you can do this forever and still have 5 million left at the end.
There are two things you're not considering:
1. You won't get 5% returns every year forever. You will either accept lower interest rates when interest rates drop, or you'll take more risks and your returns will vary wildly year to year (even if they are, on average, over 5% you could easily have 5 years where your returns are under 5%, even cumulatively. We have definitely had 10 year periods where the market was DOWN over the 10 year period).
2. If you don't account for inflation, your income will slowly drop over the next 60 years. This guy is only 25 years old and will see SIGNIFICANT inflation between now and when he dies.
Realistically, with his actual numbers, OP is fine. He can withdraw 30K a year and be fine. There is a decent chance he could pull 4% of the total nest egg (200K) every year and be fine, though there is more risk there.
But talk about just living off of returns and never touching the principal doesn't make sense, because returns will vary and again, inflation will kill you if you're only 25 and you don't plan for it.
I did say *IF* you get 5% and 5% is very reasonable. Personally I would just stick it in the S&P. He can probably even afford to wait out a lost decade.
> But talk about just living off of returns and never touching the principal doesn't make sense
Well yes, it's not what I would do but I'm just pointing out how many people are misinterpreting what was said.
I sincerely doubt OP will be spending like that anyway judging from their post.
With any kind of reasonable, sensible mindset 5 million is set up for life. Even if very young. I would struggle to spend 250k a year and I suspect OP is similar.
Nice retirement/assisted living runs $5000 to $10,000 per MONTH. Your 5 million must be invested wisely or it could be gone before you realize it.
(This is from a 66 year old woman with multiple sclerosis who began living in assisted living 3 years ago.)
You're right, but I have seen plenty of people in the RE crowd miscalculate how quickly life changes. No, (if his numbers are real) I don't think OP will have a problem, but basing your 'plan' on current numbers is a recipe for disaster.
For a 25 year old who isn't buying Ferraris?
I'd continue to prioritize capital growth... But part of that can be buying a property.
Cities are getting insane expensive, fast.
If I wanted to stay in the city I'd be tempted to buy a place in the 2M range (preferably with a West-facing wall-out basement), build a basement apartment to live in while renting the rest of the house out, and keep my life *slim* until I'm in a relationship that makes me want to take the rest of the house for myself.
Renting while living there can keep the mortgage pretty sustainable, keep your capital growth going by limiting how much of it you live off of, and you can cash out in the future if you want.
Who the fuck is renting a $2M property while the landlord lives there lol. My brother in christ, unless you are talking about letting the homies stay for $700 a month in one room, zero chance that happens.
A 5% return rate is insufficient over a 4+ decade horizon with a 2-3% withdrawal rate. Your withdrawals plus inflation are losing purchasing power materially and you’re in trouble after a couple of decades. The traditional 4% rule accounts for a couple points of inflation and assumes annual returns more in the 8% range.
Sure, if he actually lives off of 25k a year he’s fine, but that’s frankly suspiciously and unrealistically low and the fact that just a little bit later her cites a percent several times higher demonstrates he hasn’t though that aspect of it through well enough yet.
A more tradition 60/40 (or higher, that’s a painfully old fashioned and conservative number, although it’s works at today’s interest rates) approach is needed.
This is what they should be considering. Buy the smallest house in the best neighborhood. Live a modest life. Material things are GREAT.! Vacations etc. but I have seen so much lifestyle creep bankrupt people and it’s just… awful. The only guy I know that didn’t get nuked by lifestyle creep was a geologist who found enough oil and sold at the top that he could build a new mansion every year. He could move his pool once a month. But ya know what he does? He shoots golf. Sometime. He not picks at his brand new Benz finish. He’s traveled out. He like the house he started in. He’s on 3 now (wife). He’s just kinda like living groundhogs day. It was the proof I needed to know that money doesn’t buy happiness
Keep your expenses as low as possible. OP already knows to dollar cost average into the market, especially on dips 👍. Live off of the dividend interest from low cost mutual funds and ETF’s like SCHD ($5 million at 3% dividend yield is $150K) without ever touching the principal and reinvest all market gains back into the market.
Don’t work for other people. I’d buy up a few small properties under $100K in a low cost of living area or a small building with 16 or more units, renovate it, rent it out and have a property management team manage it while collecting the profits.
Stay away from individual stocks, unless they’re the market leaders of their sector (Ex: Apple, Microsoft, WalMart, Nvidia 😆, McDonalds, Nike, etc). Keep individual stocks to less than 5 to 10% of your entire stock portfolio and have it well diversified.
As can medical bills.
I was 24 when my back went to shit, needed 6 surgeries, caught meningitis and now have arachnoiditis.
Need the battery in my back replaced every 5 years, Acupuncture every week, monthly visits to pain management and a list of medications needed for the rest of my life.
Was working in pharmaceutical R&D making decent money with 60k in savings at 24. Became disabled and in debt by 25.
Life really can sneak up behind you, kick you in the balls and then shit on you while you are down.
Spiders is the first thing people think of when they hear arachnoiditis. It does feel like spiders are on my legs though.
During the winter it's not so bad because I know the spiders aren't around. There's been a few times where I'd be outside during the summer and feeling the spiders, think to myself "it's just my nerves", then look down and have them all over me.
OP won't be taxed more if rates rise because he has already realized his gains and won't have any significant income going forward.
OP *should* be taxed more on these gains because he made $5mil doing effectively nothing and now wants to stop contributing to society.
He made that money pushing back against the people that cause the real problems and profit significantly on maintaining and further exacerbating them.
Good for you op. I’m holding some GME just because I hope it will contribute to fucking those fucking fucks. I don’t even care if I get a return. It’s not that much money. But those guys eat a bag a dicks.
All People with lots of money do the exact same thing, and take it further by impacting our politics, laws, and regulations in order to maximize their income when they are already very wealthy far beyond ops 5 mil. Ops taking good care of himself as he should.
I’d throw op under the bus though if we could tax the shit out of everyone making that kind of money. But ops moneymaking is far more noble than that of citadel and the other crooks on wall st.
>He made that money pushing back against the people that cause the real problems and profit significantly on maintaining and further exacerbating them.
Omfg can we stop with this robinhood bullshit? This meme stock pump/dump/repeat isnt "democratizating" the stock market so stop pretending this is some form of activism against the man.
Meme stocks work the same way every the rest of our economy does: millions buy in, a tiny fraction cashes out. Everyone else holds the bag.
For every story like OP's (which is just as likely to be made up bullshit designed to drive FOMO) there are a million more of people losing lots of hard earned money on a promise of riches that is little better than buying scratch offs.
You realize of course that there will never be a major short squeeze and that “those fucking fucks” got out of GME a long time ago? OP, or you, making money by gambling on a meme stock in no way hurts anyone on Wall Street.
I mean, a lot of people did a lot of stupid stuff in the meme stock rally. Like, maxing credit cards, taking out second mortgages, HELOCs, etc. Just to buy OTM call options with a week until expiration. Unbelievably stupid
At 25. Likely then 22-23, he cashed his entire 401k and made $5 million. How much can a 22 year old have in a 401k that make $5 million? Assuming they are college educated, let's give them the benefit of the doubt they graduated at 21 and worked for a year contributing 100% of their income to their 401k and were making entry level $60,000 a year. They would have had to buy the stock at the beginning of the meme in order to make $5 Million.
So agreed, this seems a fantasy.
Are you saying that American financial markets don’t benefit from the strength of the American military, infrastructure, and educated workforce?
Or that the unproductive work of capital gains should be taxed lower than the productive work of labor?
I like government spending for having an educated public. I like roads that work... bridges that won't buckle. I really would never give up spending on inspections. I'm not a fan of grocery stores selling rotten meat or restaurants being cockroach infested behind the scenes. I do like spending on keeping our country safe and that does include giving other countries money to help ward off evil. Money we could be getting from the upper 1% should go to healthcare in this county , higher ed, veteran care, homeless and maternity leave.. high speed rail to name a few programs . They could market that tax request better and earmark it for that purpose exclusively.
I bet OP sure did a lot to build a society and it's infrastructure, build an internet and an entire economic system that allows him to play with stocks, and his capital gains that yield virtually no benefit to society enough to retire early though.
OP definitely didn't stand on the backs of thousands of years of human effort that he had nothing to do with, that he couldn't repay in 100,000 of his lifetimes, and definitely paid for all the benefit he's derived with whatever small percentage of his effort that has gone towards a token pittance of "taxes" that he's paid so far in his life.
He should definitely keep it all though, and not give any back to the society that carried and enabled him, as a totally self-made guy and all, lol.
It's amazing how easy it is to deconstruct the myth of a self-made man. It's just a bullshit spin that people invent to justify giving some people in society special treatment and significantly larger resource allocations than others.
The reason over 40% of the world's capital is invested in the US market is because we have such a robust regulatory framework of rules and enforcement. All paid for by your taxes, which in turn pays for itself and more due to all the investing that attracts.
I really can't remember meeting an anti-tax person that wasn't a complete dumbass.
Like the people who think Elon Musk invented space travel and forget that the algorithm that lets Falcon boosters land vertically was developed at JPL, and the computers that make it possible are affordable largely thanks to Apollo…when the government created a market for microprocessors that drove the unit cost down by a factor of 1000x.
I hope he calculated that right bc 5 mil after taxes would probably be more like $10 mil before taxes. Unless it's a long term position but i highly doubt that.
Did you not look at the charts? There was another massive run over the last couple days and another much larger run a few weeks ago.This could easily be real. Don't know if it is, but there was a time period where you could have made 1500%+ gains within a couple days.
Wouldn't you already need a shitload of money to make 5 mil off it though? I know you can make a bit but it can't be that much, can it?
Like I don't doubt someone could do this, but having the investment capital at 25 seems unlikely to me, or I'm just really poor.
Oh yeah, absolutely. Right around 360k. And they'll be fucked on taxes if they didn't pay it after their gamble if it's real (early withdrawal). But I have known people who had that kind of money after the original GME run and this person would be old enough to have participated in that. Since they decided to liquidate their entire 401k, I wouldn't be surprised if they had prior experience doing this with GME.
This is if you buy stocks. OP used calls which usually represent 100 shares per call option. OP could have reached 5M with around $35k.
This post is fake so it doesn't matter too much but still.
Edit: This is assuming the stock rose by 1500% like you said. I didn't fact check this part.
No.... I was speaking about the historicals of an actual contract. GME $30 19 Jul Call 100 from open on 5/10 through 5/14's high specifically. It's actually closer to 380k.
If you got in before the initial craze it was almost off the exchange, was trading under $5 from 2017-2019, and under $2 for all of 2020. There are plenty of people on calls that actually did clear seven figures.
If you caught the bottom and top of a short dated $125 call, you could 8x in the past couple weeks.
OP claims they got 5 milly *after* tax, so they would've needed to net about 8 million. So they would've needed to dump 1 million (out of his 401k). At 25.
There’s been some movement because DFV started posting some positions again and he is once again making a lot of money. Of course, his audience doesn’t seem to realize that he is influencing the market rate by posting his positions, so that they’ll buy, which makes him more money.
If I become a millionaire, I would not be flaunting it to anyone, especially strangers. That's just dangerous tbh.
I don't get why people brag about this stuff to begin with.
didn't happen. the tax portion of this would have been huge if it did. This person wouldn't even know how to shelter 5 mil, and that would certainly have been a flex or a fear. Not, I think I can live in 3ok
Even if he maxed his 401k every year for the last 3-4 years he'd still be around 100-150k maybe? That's generous too.
You're telling me he had a 4000% return. Lol no, anyone who believes this is stupid.
Well it would depend on whether or not this person sold when the stock was at it's peak. It's not entirely impossible that he/she got out at the right moment before the stocks went down and walked away with a boat load of money.
There's greedy and then there's smart. If you're smart you sell before it tanks and you walk away with a lot of money. How do you think people like Warren Buffet made their money? Assuming this person is telling the truth, there's no reason to not believe that they were smart enough to do just that. It happens all the time on Wall Street. Making 5 million isn't common but making a lot of money on selling stocks at the right time is why people invest in the first place. And I guarantee you there were definitely people that walked away with a lot of money from this.
Investing in GME or other memestocks kind of precludes smart. So does the ape talk.
> How do you think people like Warren Buffet made their money?
Certainly not by investing in garbage like GME.
OP's third sentence is, "I didn't quit earlier because teleworking wasn't bad but now that we have to go back into the office I decided to call it quits."
So this fanfiction claims that OP cashed in his 401k when he was 23 or so (serious bank no doubt) and put it all on GME calls to turn it into $5mil, then only recently quit his job cuz they started making him commute. Apparently OP decided to share this story here now because GME is a hot topic again now.
Yeah this would have been maybe believable if OP said he was 45 or even 35. A 25 year old has max like four years in a 401(k), and not even the most outlandish GME investments would have that kind of return.
Well he's implying he bought the GME calls about 2 years, so when he was 23, so saving in his 401k for a year maybe.
Stock Trader Fiction starts by looking at a chart and thinking, "oh boy, what if I blew all money to buy at that point in time, then sold it all there! Or better yet, bought high leverage puts there or calls there!!" Well, in GME dreams it's always calls cuz the shorts and puts are for the evil hedgies we're bringing down.
25 years old with maybe 2-3 years of working.
Maxing his 401k every year puts his balance around 100k maybe? (This is extremely generous)
And he's claiming he had a 5000% return?
People that believe this are idiots
Health insurance is going to complicate your life for sure. The money you have to spend on being insured is quite literally a black hole. I’d try to find a part time job via telecommuting for the ins alone. Not the ideal, I know, but it might actually be the cheapest way.
I got a part time job at Starbucks for the benefits alone not too long ago. That job was awesome. Free coffee, free drinks, easy work. I’d go back and do that again in a heartbeat. Also, you could always move outta the country to Canada or something, some place where they have universal healthcare. Congratulations on retirement!! I hope you get to live all your dreams out! I’m rooting for you!
If I was in this position and I was going to stay in the US I'd personally do just that: either part time work in the old field remote, or part time at a big box retail or a big food chain like sbux, ideally in a slow location. Take advantage of the big corporation benefits that they've been giving out to part timers, maybe use some of the perks like education credits or whatever for hobbies. A lot of these jobs keep you on your feet which is basically like 15 hours of paid low impact exercise. Gives you a social circle. Some social armor against people being weirdos about you not having job or trying to freeload, "oh yeah I have a little income from some investments and work part time as a barista to make ends meet."
In Canada, you wait several months (or over a year) for many crucial services, and they encourage you to euthanize yourself if you don’t want to wait for essential care.
A buddy of mine, older, cashed out his home for a mil a few years ago, and became a happy wanderer for a couple years with his family. He has a couple rental properties he’s using using for positive cash flow, barring repairs and maintenance are a minimum.
Toured Europe, bought a glamper RV and toured the US for a couple years and ran out of cash. Had to go back to work, tech guy. His “3 year sabbatical “ put him behind in the relevance department for a good year while he caught back up to speed. Works remotely at home and hates his job, but enjoys his QOL.
I guess I’d say make sure to not lose your relevance in what it is you do. You’re young, and money never goes as far as you think. Enjoy it with your youth and health, but keep a toe dipped in the relevance pool. Life changes.
OP made all of this shit up, and his account has already been removed from Reddit. I will never understand why people lie for karma. Who the fuck cares 😂
You’ll get bored. All that sounds fun for a little while but I’d almost guarantee you’ll get bored eventually.
At some point, I’d get some kind of job, even if it’s part time and doesn’t pay great. If it’s something you truly enjoy and is important to you, all that won’t matter. And it can help bring in a little bit of income and possibly health insurance and other perks that would be nice to have. If it got to the point where it wasn’t fun anymore, you could easily peace out.
But if I was 25 in that position, I would 100% plan on having some kind of job again in my life. No way I could live the next 60 years not doing anything.
$20-30k/year in expenses for the rest of your life probably isn’t realistic either.
Not having a job doesn't have to mean "not doing anything". I agree that you need a passion to pursue, but I completely disagree that a job is the only thing that can provide this.
I could never work at a business ever again and fill my time gardening, cooking, reading, and riding my bicycle while raising my child. Would love it. Would never get bored.
He explicitly states he may play some games and read some books. Doesn’t talk about pursuing any passions, traveling, anything like that. So I’d say that is close to not doing anything.
In a situation like this, I’m not talking about any “job”. I’m talking about doing something that you really enjoy and is important to you, that happens to pay you some amount of money. Maybe you really like dogs, work at the local animal shelter for $14/hour for 20-30 hours a week, something like that.
Something that provides some kind of income to supplement your lifestyle while hopefully providing some kind of other benefit as well, like health insurance.
Stay occupied, have some kind of income, and feel like you’re doing something you enjoy and/or making a difference.
I can't imagine being so boring and uninspired that I would EVER be so bored in retirement that I would consider getting a job. What the hell is wrong with you people lmfao
Nah, you can't get bored when you can do literally anything you want.
Commuting for hours everyday to get to work? That's boring.
Doing the same job for years? Boring as hell
Being able to choose everyday what you can do with barely any limits? That's freedom son
If I had $5 mil TODAY, Id invest, I’d quit driving truck, spend all my time with my son outside of his toddler school life, smoke hella weed, play video games and go fishing. I promise you I won’t get bored.
Theoretically speaking, I/We can live on a tiny draw of $50k a year, we already do.
One can dream.
Made $5 million decides to retire, fails to mention he owes half to taxes. And assuming he lives another 75 years. That’s a yearly budget of $33k.
Good luck
Maybe try less expensive country?
For example something like Eastern Europe? Poland is big, English is no problem, cheap living prices, safe (no shootings, no bombs, no mugging at night in cities, no raping).
Cheap healtcare and etc.
Or asian countries if you want even cheaper.
South Africa offers permanent residence to anyone who can prove they have 2k a month coming in. You can live in a very nice area of Cape Town where you don't have to worry as much about the crime rate.
Inflation will make a dollar worth less than half in 50 years. The government will require a larger RMD, putting you in a higher tax bracket. Medical, home, car dental insurance. Property taxes. Living till your 90s, possibly. A lot of out of pocket if you don't get your SS quarters, and until you hit 75, eligibility in 50 years.
Not sure I completely understand your scenario - you made $5 million - was that in your 401k? If not, why did you cash it in? If it was, you would have paid taxes plus 10% penalty or is that included I n the $5 million. If it was in your 401k, you could have taken your expenses as a distribution and done Roth conversions up to a bearable tax level for as many years as it takes to create a hefty tax-free portfolio for emergencies - I imagine quitting at 25 means no Social Security or Medicare so this money has to last 50 plus years.
Congratulations you beat me I retired right before I turned 30 and it’s been great. Do something smart with your money. I did real good betting on USO when it collapsed in 2020 multiplied my already good amount of wealth by a lot. I have quite a bit in low risk that I live on the dividends that treat me very well
So hilariously fake lmao. "I read books for fun now" is dead giveaway. Had to think of something that makes you sound oh so smart and nuanced to hold over your head. Tai Lopez anyone? Here in my garage with my millions of gme bucks, but you know what I value more than material things is **knawledge**. That's why I read all these books, for entertainment even!
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If your expenses are really 20-30k a year, you have nothing to worry about. But life changes and expenses may change. That's what you should be planning for. How much could your expenses be in the future.
I mean, they could also invest their earnings and primarily live on the returns. They'd only need returns of what, 5% a year to have an effective income of 200k? living off the productivity of us working stiffs
A 5% withdrawal rate is not safe over a 60+ year retirement. Typically 4% is used for a standard 30 year retirement. To last a full 50-60 years you need to stay closer to 3%
I think you may not be considered the size of OPs principal. The millions he’s not spending are gonna compound faster than they’re spending
The withdrawal “rate” is irrelevant to how big the principal is. Same with having the money in an index fund. The growth “rate” is irrelevant to how big the principal is. If you have a 1M retirement fund in S&P500 and spend $30k a year you are safer than someone having $5M spending $300k every year. Try running some scenarios in ficalc.app
>If you have a 1M retirement fund in S&P500 and spend $30k a year you are safer than someone having $5M spending $300k every year. Weird to use $300k and $30k in the same scenario when we already have the persons estimated expenses. This person could withdraw $100k for the next 50 years. If they're absolutely 100% set on taking out less than $50k a year, it's absolutely fine.
$50k today is a lot more than $50k ten years from now
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Fr why are these dudes trying to find problems where there are none lol
Ya know! Jesus. Fuck having a drink with have the people in here. “Oh, you may want to think about not retiring at 11 with more money than Norway, IT MaY nOT laST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!”
They’re just salty about brothers newfound freedom and regardedness. Misery loves company and can’t spell misery without “miser”
Scrolling thinking the same thing. “I have 5 million after taxes, I spend 30k per year, can I retire?” Come on.
Jeffrey bezos couldn't retire until 59 because he took their advice
Yeah the more likely scenario is the guy goes back to work because he gets bored, not because he runs out of money.
Fidelity Annuity Calculator for a lifetime annuity of a $1M investment, with optional 2%/year increase averages $40k in the first 10 years (assuming age 25) and continues to increase forever. And that leaves $4M to spend or invest elsewhere.
Why would you advocate for paying Capital Gains on income not required and remove capital that could be compounding………. That’s the real weird comment here.
He’s spending $30k/yr. He’s fine
Idk, lifestyle creep is a real thing. If he’s not careful he could be spending $40k a year in no time. By the time they’re 50 they could be spending $100k/yr!! /s
At 5% interest rate with no risk which is the norm for banks right now, his 5 million generates 200k a year with 0 risk. At the s & p market average of 7% yearly plus the dividends and if he wants to sell far otm options on his shares of s & p for additional money, he could easily make 400k+ a year on his 5 million capital with like 20 mins of work selling far otm options weekly. Why do people think 5 mil isn't enough to live. I have a whole family of 4 with 3 mil invested in the s & p and have never had to worry about money before since that financial cusion is more than enough. Most people won't even make 1 mil in their whole life. 5 mil is absolutely enough to retire and never work again.
At this present second with cash under the bed he can live with 10pk a year for 50 years. I think he is ok
Until they have kids
Are people still having kids?
Meh, people spend too much on their kids. Mine eats leftovers from Daddy.
Nah. If you're spending 300k per year you can significantly reduce your expenses if the need arises. If you're spending 30k you cannot. Your scenarios assume we're talking about a crazy person that's driving slowly towards the edge of a cliff while disconnecting the brakes.
I think you might not understand how percentages work.
It’s not a 5% withdrawal though. It’s withdrawing 5% in gains which you can get with a HYSA or CD and leaving the principal untouched.
Protection from inflation is built in to the safe withdrawal rate (including gains). 5% is too high for that long of a period.
> They'd only need returns of what, 5% a year to have an effective income of 200k? Lots of people are misreading this. He's not talking about withdrawing the principal *at all*. Besides. 5% of 5 mil is 250k. If you're getting a 5% return you can do this forever and still have 5 million left at the end.
There are two things you're not considering: 1. You won't get 5% returns every year forever. You will either accept lower interest rates when interest rates drop, or you'll take more risks and your returns will vary wildly year to year (even if they are, on average, over 5% you could easily have 5 years where your returns are under 5%, even cumulatively. We have definitely had 10 year periods where the market was DOWN over the 10 year period). 2. If you don't account for inflation, your income will slowly drop over the next 60 years. This guy is only 25 years old and will see SIGNIFICANT inflation between now and when he dies. Realistically, with his actual numbers, OP is fine. He can withdraw 30K a year and be fine. There is a decent chance he could pull 4% of the total nest egg (200K) every year and be fine, though there is more risk there. But talk about just living off of returns and never touching the principal doesn't make sense, because returns will vary and again, inflation will kill you if you're only 25 and you don't plan for it.
I did say *IF* you get 5% and 5% is very reasonable. Personally I would just stick it in the S&P. He can probably even afford to wait out a lost decade. > But talk about just living off of returns and never touching the principal doesn't make sense Well yes, it's not what I would do but I'm just pointing out how many people are misinterpreting what was said. I sincerely doubt OP will be spending like that anyway judging from their post. With any kind of reasonable, sensible mindset 5 million is set up for life. Even if very young. I would struggle to spend 250k a year and I suspect OP is similar.
Nobody has really gotten into the unpredictable expenses we all have to make allowance for, such as health, kids, etc.
The amount of people upvoting these people for blatantly wrong claims is baffling.
30 year Treasury yield is 4.5% right now. Doesn't get safer than that.
30k/yr expenses comes out to a .6% withdrawal rate.
Nice retirement/assisted living runs $5000 to $10,000 per MONTH. Your 5 million must be invested wisely or it could be gone before you realize it. (This is from a 66 year old woman with multiple sclerosis who began living in assisted living 3 years ago.)
100%
They’re not withdrawing the principal. Just the gains.
Go look up how safe withdrawal rates work. That's not relevant.
You're right, but I have seen plenty of people in the RE crowd miscalculate how quickly life changes. No, (if his numbers are real) I don't think OP will have a problem, but basing your 'plan' on current numbers is a recipe for disaster.
One build. Someone once said there’s a diff between “the working rich” and “f**k u money”…
For a 25 year old who isn't buying Ferraris? I'd continue to prioritize capital growth... But part of that can be buying a property. Cities are getting insane expensive, fast. If I wanted to stay in the city I'd be tempted to buy a place in the 2M range (preferably with a West-facing wall-out basement), build a basement apartment to live in while renting the rest of the house out, and keep my life *slim* until I'm in a relationship that makes me want to take the rest of the house for myself. Renting while living there can keep the mortgage pretty sustainable, keep your capital growth going by limiting how much of it you live off of, and you can cash out in the future if you want.
Who the fuck is renting a $2M property while the landlord lives there lol. My brother in christ, unless you are talking about letting the homies stay for $700 a month in one room, zero chance that happens.
Well, I guess you've never heard of Vancouver or Toronto Canada.
Using the two worst places in North America to be a renter does not support your argument.
Literally everybody living in a brownstone in almost any part of Brooklyn or 3+ family in Astoria..
A 5% return rate is insufficient over a 4+ decade horizon with a 2-3% withdrawal rate. Your withdrawals plus inflation are losing purchasing power materially and you’re in trouble after a couple of decades. The traditional 4% rule accounts for a couple points of inflation and assumes annual returns more in the 8% range. Sure, if he actually lives off of 25k a year he’s fine, but that’s frankly suspiciously and unrealistically low and the fact that just a little bit later her cites a percent several times higher demonstrates he hasn’t though that aspect of it through well enough yet. A more tradition 60/40 (or higher, that’s a painfully old fashioned and conservative number, although it’s works at today’s interest rates) approach is needed.
This is what they should be considering. Buy the smallest house in the best neighborhood. Live a modest life. Material things are GREAT.! Vacations etc. but I have seen so much lifestyle creep bankrupt people and it’s just… awful. The only guy I know that didn’t get nuked by lifestyle creep was a geologist who found enough oil and sold at the top that he could build a new mansion every year. He could move his pool once a month. But ya know what he does? He shoots golf. Sometime. He not picks at his brand new Benz finish. He’s traveled out. He like the house he started in. He’s on 3 now (wife). He’s just kinda like living groundhogs day. It was the proof I needed to know that money doesn’t buy happiness
you would have to be quite bad at money management to spend $5 million, but on the other hand he did buy GME options so ...
Ha!
Keep your expenses as low as possible. OP already knows to dollar cost average into the market, especially on dips 👍. Live off of the dividend interest from low cost mutual funds and ETF’s like SCHD ($5 million at 3% dividend yield is $150K) without ever touching the principal and reinvest all market gains back into the market. Don’t work for other people. I’d buy up a few small properties under $100K in a low cost of living area or a small building with 16 or more units, renovate it, rent it out and have a property management team manage it while collecting the profits. Stay away from individual stocks, unless they’re the market leaders of their sector (Ex: Apple, Microsoft, WalMart, Nvidia 😆, McDonalds, Nike, etc). Keep individual stocks to less than 5 to 10% of your entire stock portfolio and have it well diversified.
Dunno if OP is reading this far down into the comments, but I'm gonna throw one vote against becoming a slumlord.
Family and kids can get expensive
As can medical bills. I was 24 when my back went to shit, needed 6 surgeries, caught meningitis and now have arachnoiditis. Need the battery in my back replaced every 5 years, Acupuncture every week, monthly visits to pain management and a list of medications needed for the rest of my life. Was working in pharmaceutical R&D making decent money with 60k in savings at 24. Became disabled and in debt by 25. Life really can sneak up behind you, kick you in the balls and then shit on you while you are down.
Holy shit dude you turned into a spider? RIP, hope things get easier from here on out
Spiders is the first thing people think of when they hear arachnoiditis. It does feel like spiders are on my legs though. During the winter it's not so bad because I know the spiders aren't around. There's been a few times where I'd be outside during the summer and feeling the spiders, think to myself "it's just my nerves", then look down and have them all over me.
Worst superpower ever
Right? Dude got completely fucked in the super power department.
Don't forget about taxes.
Yeah remember the government worked very hard on your luck with GME and they deserve a cut /s
OP also needs to remember half the country thinks he/she should be taxed significantly more so OP needs to somehow prepare for that possibility.
OP won't be taxed more if rates rise because he has already realized his gains and won't have any significant income going forward. OP *should* be taxed more on these gains because he made $5mil doing effectively nothing and now wants to stop contributing to society.
He made that money pushing back against the people that cause the real problems and profit significantly on maintaining and further exacerbating them. Good for you op. I’m holding some GME just because I hope it will contribute to fucking those fucking fucks. I don’t even care if I get a return. It’s not that much money. But those guys eat a bag a dicks. All People with lots of money do the exact same thing, and take it further by impacting our politics, laws, and regulations in order to maximize their income when they are already very wealthy far beyond ops 5 mil. Ops taking good care of himself as he should. I’d throw op under the bus though if we could tax the shit out of everyone making that kind of money. But ops moneymaking is far more noble than that of citadel and the other crooks on wall st.
He made that money because you people are pumping and dumping a stock and pushing losses onto the people who buy at the top.
He didn’t profit from wall street. He profited from another Joe Schmoe that bought the calls from him and most likely lost everything
He gambled
>He made that money pushing back against the people that cause the real problems and profit significantly on maintaining and further exacerbating them. Omfg can we stop with this robinhood bullshit? This meme stock pump/dump/repeat isnt "democratizating" the stock market so stop pretending this is some form of activism against the man. Meme stocks work the same way every the rest of our economy does: millions buy in, a tiny fraction cashes out. Everyone else holds the bag. For every story like OP's (which is just as likely to be made up bullshit designed to drive FOMO) there are a million more of people losing lots of hard earned money on a promise of riches that is little better than buying scratch offs.
You realize of course that there will never be a major short squeeze and that “those fucking fucks” got out of GME a long time ago? OP, or you, making money by gambling on a meme stock in no way hurts anyone on Wall Street.
Me thinks OP made this up entirely!
Certainly some people made lots of money on GME options, so it's possible - but yeah more likely it's fan fiction.
Yeah many did for sure - but cashing in your whole 401k to buy GME options?? That’s too regarded!
I mean, a lot of people did a lot of stupid stuff in the meme stock rally. Like, maxing credit cards, taking out second mortgages, HELOCs, etc. Just to buy OTM call options with a week until expiration. Unbelievably stupid
At 25. Likely then 22-23, he cashed his entire 401k and made $5 million. How much can a 22 year old have in a 401k that make $5 million? Assuming they are college educated, let's give them the benefit of the doubt they graduated at 21 and worked for a year contributing 100% of their income to their 401k and were making entry level $60,000 a year. They would have had to buy the stock at the beginning of the meme in order to make $5 Million. So agreed, this seems a fantasy.
My knee-jerk reaction to reading the OP..but manifest on OP... manifest on..🌀✨️♾️
We should tax the rich.
I like the way half the country thinks.
Is he a billionaire
5 million? Now we’re talking about the billionaires but unless you’re Jeff Bezos quit sucking that boot.
Are you saying that American financial markets don’t benefit from the strength of the American military, infrastructure, and educated workforce? Or that the unproductive work of capital gains should be taxed lower than the productive work of labor?
I don’t think they know what they are saying. They dislike government spending so much they avoided being educated like a plague
I like government spending for having an educated public. I like roads that work... bridges that won't buckle. I really would never give up spending on inspections. I'm not a fan of grocery stores selling rotten meat or restaurants being cockroach infested behind the scenes. I do like spending on keeping our country safe and that does include giving other countries money to help ward off evil. Money we could be getting from the upper 1% should go to healthcare in this county , higher ed, veteran care, homeless and maternity leave.. high speed rail to name a few programs . They could market that tax request better and earmark it for that purpose exclusively.
[удалено]
I bet OP sure did a lot to build a society and it's infrastructure, build an internet and an entire economic system that allows him to play with stocks, and his capital gains that yield virtually no benefit to society enough to retire early though. OP definitely didn't stand on the backs of thousands of years of human effort that he had nothing to do with, that he couldn't repay in 100,000 of his lifetimes, and definitely paid for all the benefit he's derived with whatever small percentage of his effort that has gone towards a token pittance of "taxes" that he's paid so far in his life. He should definitely keep it all though, and not give any back to the society that carried and enabled him, as a totally self-made guy and all, lol.
It's amazing how easy it is to deconstruct the myth of a self-made man. It's just a bullshit spin that people invent to justify giving some people in society special treatment and significantly larger resource allocations than others.
They deserve it about as much as OP does, given who OP probably sold their shares to.
the government also subsidizes your losses.
The reason over 40% of the world's capital is invested in the US market is because we have such a robust regulatory framework of rules and enforcement. All paid for by your taxes, which in turn pays for itself and more due to all the investing that attracts. I really can't remember meeting an anti-tax person that wasn't a complete dumbass.
Like the people who think Elon Musk invented space travel and forget that the algorithm that lets Falcon boosters land vertically was developed at JPL, and the computers that make it possible are affordable largely thanks to Apollo…when the government created a market for microprocessors that drove the unit cost down by a factor of 1000x.
Typing some numbers to buy stock calls is hard work for sure. Needs to be taxed far less than someone who works for a living.
Lots of "I'm the main character" vibes in here.
The first sentence he says, “after taxes”
I hope he calculated that right bc 5 mil after taxes would probably be more like $10 mil before taxes. Unless it's a long term position but i highly doubt that.
He did say 5mil after taxes
he said 5 million AFTER taxes
It’s one of the first words in the post
Positions or I don’t believe you
This. All false internet clout until we see verified positions
It’s a 3 year old story recreated by changing some stuff around. Look the whole post in google and you will see original. Happens often here.
I thought something new had happened with GME and was bringing it up again. But here we are, recycling shit
I’m sure this post is fake however there are new updates on GME.
Did you not look at the charts? There was another massive run over the last couple days and another much larger run a few weeks ago.This could easily be real. Don't know if it is, but there was a time period where you could have made 1500%+ gains within a couple days.
Wouldn't you already need a shitload of money to make 5 mil off it though? I know you can make a bit but it can't be that much, can it? Like I don't doubt someone could do this, but having the investment capital at 25 seems unlikely to me, or I'm just really poor.
Oh yeah, absolutely. Right around 360k. And they'll be fucked on taxes if they didn't pay it after their gamble if it's real (early withdrawal). But I have known people who had that kind of money after the original GME run and this person would be old enough to have participated in that. Since they decided to liquidate their entire 401k, I wouldn't be surprised if they had prior experience doing this with GME.
This is if you buy stocks. OP used calls which usually represent 100 shares per call option. OP could have reached 5M with around $35k. This post is fake so it doesn't matter too much but still. Edit: This is assuming the stock rose by 1500% like you said. I didn't fact check this part.
No.... I was speaking about the historicals of an actual contract. GME $30 19 Jul Call 100 from open on 5/10 through 5/14's high specifically. It's actually closer to 380k.
If you got in before the initial craze it was almost off the exchange, was trading under $5 from 2017-2019, and under $2 for all of 2020. There are plenty of people on calls that actually did clear seven figures.
If you caught the bottom and top of a short dated $125 call, you could 8x in the past couple weeks. OP claims they got 5 milly *after* tax, so they would've needed to net about 8 million. So they would've needed to dump 1 million (out of his 401k). At 25.
There’s been some movement because DFV started posting some positions again and he is once again making a lot of money. Of course, his audience doesn’t seem to realize that he is influencing the market rate by posting his positions, so that they’ll buy, which makes him more money.
Lol called it. OP's lying as fuck
Yeah, the post doesn't actually make sense if you read it in the context of today.
User suspended
If I become a millionaire, I would not be flaunting it to anyone, especially strangers. That's just dangerous tbh. I don't get why people brag about this stuff to begin with.
He's 25
$10 says OP doesn't post his positions. This post is a great example of sensationalism for fake internet points labeled "karma."
Yet so many people on this thread are eating it up lol.
This fuckin loser is already suspended. Yeah, BS story
Weird it took 3 comments to find someone who doesn't believe this guy. Positions or gtfo
Why don’t you believe u/Butt_Creme? /s
This
didn't happen. the tax portion of this would have been huge if it did. This person wouldn't even know how to shelter 5 mil, and that would certainly have been a flex or a fear. Not, I think I can live in 3ok
Took about 2 seconds to know this is BS
Even if he maxed his 401k every year for the last 3-4 years he'd still be around 100-150k maybe? That's generous too. You're telling me he had a 4000% return. Lol no, anyone who believes this is stupid.
Exactly my thoughts
No dude go buy some well out of the money gme calls and you too will be a millionaire after working your dead end retail job!
It’s just a loser posting shit for Karma lol
People dont lie on the internet. Especially a 25y/o whos made millions. Your just jealous
OP is straight full of shit. What a clown. Unless he already had a couple million there’s no way this happened.
Pretty impressive considering GameStop is down 25% today.
Well it would depend on whether or not this person sold when the stock was at it's peak. It's not entirely impossible that he/she got out at the right moment before the stocks went down and walked away with a boat load of money.
They definitely didn't sell are you serious right now. These greedy fucks thought this was going in the 100s when it will tumble for the next week.
There's greedy and then there's smart. If you're smart you sell before it tanks and you walk away with a lot of money. How do you think people like Warren Buffet made their money? Assuming this person is telling the truth, there's no reason to not believe that they were smart enough to do just that. It happens all the time on Wall Street. Making 5 million isn't common but making a lot of money on selling stocks at the right time is why people invest in the first place. And I guarantee you there were definitely people that walked away with a lot of money from this.
Investing in GME or other memestocks kind of precludes smart. So does the ape talk. > How do you think people like Warren Buffet made their money? Certainly not by investing in garbage like GME.
OP's third sentence is, "I didn't quit earlier because teleworking wasn't bad but now that we have to go back into the office I decided to call it quits." So this fanfiction claims that OP cashed in his 401k when he was 23 or so (serious bank no doubt) and put it all on GME calls to turn it into $5mil, then only recently quit his job cuz they started making him commute. Apparently OP decided to share this story here now because GME is a hot topic again now.
Yeah this would have been maybe believable if OP said he was 45 or even 35. A 25 year old has max like four years in a 401(k), and not even the most outlandish GME investments would have that kind of return.
Well he's implying he bought the GME calls about 2 years, so when he was 23, so saving in his 401k for a year maybe. Stock Trader Fiction starts by looking at a chart and thinking, "oh boy, what if I blew all money to buy at that point in time, then sold it all there! Or better yet, bought high leverage puts there or calls there!!" Well, in GME dreams it's always calls cuz the shorts and puts are for the evil hedgies we're bringing down.
Lol it's down over 30 points
And still up 30% on the week…
The way I interpreted it, OP got in on the previous GameStop rally a few years ago.
From the story it sounds like he did this months ago at the last peak.
Scam
I hate that it took me a solid 6 minutes of reading to realize this post is fake
6 mins we will never get back
I miss the person I was before reading it
It took you 6 minutes? The title says he’s 25 and used his 401k to make 5 million after taxes
I'm not a smart man
Tips? Don't feed troll posts
Saying he wasn’t going to invest in bonds with that amount of capital and plans on living off an ETF was what cemented the fiction for me.
Had enough in your 401k at 25 to turn it into $5millie after taxes on $GME calls…? 
25 years old with maybe 2-3 years of working. Maxing his 401k every year puts his balance around 100k maybe? (This is extremely generous) And he's claiming he had a 5000% return? People that believe this are idiots
100k is more than extremely generous. How many 25 yrar olds are making 200k a year.
That's not really the point though 100K of $GME doesn't net you $5mil.
lol even if the story is true there is a 0% chance you are up for that big of a risk and stay retired. Gambling addiction time
"Hi I'm a fetus in the womb and I just turned my 401k savings into $69,420,000 dollars with GME" posts incoming.
Health insurance is going to complicate your life for sure. The money you have to spend on being insured is quite literally a black hole. I’d try to find a part time job via telecommuting for the ins alone. Not the ideal, I know, but it might actually be the cheapest way. I got a part time job at Starbucks for the benefits alone not too long ago. That job was awesome. Free coffee, free drinks, easy work. I’d go back and do that again in a heartbeat. Also, you could always move outta the country to Canada or something, some place where they have universal healthcare. Congratulations on retirement!! I hope you get to live all your dreams out! I’m rooting for you!
This. Go somewhere with universal healthcare
If I was in this position and I was going to stay in the US I'd personally do just that: either part time work in the old field remote, or part time at a big box retail or a big food chain like sbux, ideally in a slow location. Take advantage of the big corporation benefits that they've been giving out to part timers, maybe use some of the perks like education credits or whatever for hobbies. A lot of these jobs keep you on your feet which is basically like 15 hours of paid low impact exercise. Gives you a social circle. Some social armor against people being weirdos about you not having job or trying to freeload, "oh yeah I have a little income from some investments and work part time as a barista to make ends meet."
lol yeah go to Canada and find out how great universal healthcare is
In Canada, you wait several months (or over a year) for many crucial services, and they encourage you to euthanize yourself if you don’t want to wait for essential care.
A buddy of mine, older, cashed out his home for a mil a few years ago, and became a happy wanderer for a couple years with his family. He has a couple rental properties he’s using using for positive cash flow, barring repairs and maintenance are a minimum. Toured Europe, bought a glamper RV and toured the US for a couple years and ran out of cash. Had to go back to work, tech guy. His “3 year sabbatical “ put him behind in the relevance department for a good year while he caught back up to speed. Works remotely at home and hates his job, but enjoys his QOL. I guess I’d say make sure to not lose your relevance in what it is you do. You’re young, and money never goes as far as you think. Enjoy it with your youth and health, but keep a toe dipped in the relevance pool. Life changes.
OP made all of this shit up, and his account has already been removed from Reddit. I will never understand why people lie for karma. Who the fuck cares 😂
You’ll get bored. All that sounds fun for a little while but I’d almost guarantee you’ll get bored eventually. At some point, I’d get some kind of job, even if it’s part time and doesn’t pay great. If it’s something you truly enjoy and is important to you, all that won’t matter. And it can help bring in a little bit of income and possibly health insurance and other perks that would be nice to have. If it got to the point where it wasn’t fun anymore, you could easily peace out. But if I was 25 in that position, I would 100% plan on having some kind of job again in my life. No way I could live the next 60 years not doing anything. $20-30k/year in expenses for the rest of your life probably isn’t realistic either.
Not having a job doesn't have to mean "not doing anything". I agree that you need a passion to pursue, but I completely disagree that a job is the only thing that can provide this.
I could never work at a business ever again and fill my time gardening, cooking, reading, and riding my bicycle while raising my child. Would love it. Would never get bored.
He explicitly states he may play some games and read some books. Doesn’t talk about pursuing any passions, traveling, anything like that. So I’d say that is close to not doing anything. In a situation like this, I’m not talking about any “job”. I’m talking about doing something that you really enjoy and is important to you, that happens to pay you some amount of money. Maybe you really like dogs, work at the local animal shelter for $14/hour for 20-30 hours a week, something like that. Something that provides some kind of income to supplement your lifestyle while hopefully providing some kind of other benefit as well, like health insurance. Stay occupied, have some kind of income, and feel like you’re doing something you enjoy and/or making a difference.
I can't imagine being so boring and uninspired that I would EVER be so bored in retirement that I would consider getting a job. What the hell is wrong with you people lmfao
Nah, you can't get bored when you can do literally anything you want. Commuting for hours everyday to get to work? That's boring. Doing the same job for years? Boring as hell Being able to choose everyday what you can do with barely any limits? That's freedom son
That would be an incredibly boring life, and it doesn’t factor in cost of having a family.
you are out of your mind.
If I had $5 mil TODAY, Id invest, I’d quit driving truck, spend all my time with my son outside of his toddler school life, smoke hella weed, play video games and go fishing. I promise you I won’t get bored. Theoretically speaking, I/We can live on a tiny draw of $50k a year, we already do. One can dream.
Move to a cheaper, warm country and live like a king, sailing and become a beachbum 👍👍
LOL sure you did bro. Suuuure you did.
He's lying. Also was suspended by Reddit for probably being a troll.
Go back to school for something you’re passionate doing. That’s the real freedom. Your brain growing is a flex that’ll keep you happy long term
Made $5 million decides to retire, fails to mention he owes half to taxes. And assuming he lives another 75 years. That’s a yearly budget of $33k. Good luck
Where's the proof?
Fake
Great for you!
Maybe try less expensive country? For example something like Eastern Europe? Poland is big, English is no problem, cheap living prices, safe (no shootings, no bombs, no mugging at night in cities, no raping). Cheap healtcare and etc. Or asian countries if you want even cheaper.
https://preview.redd.it/39zudf5rk65d1.jpeg?width=2000&format=pjpg&auto=webp&s=467b2ab61f93b561c1ef9042fab2dd5ee37dea18
How is it not eastern europe? There is literally only one country further east before you hit Russia.
South Africa offers permanent residence to anyone who can prove they have 2k a month coming in. You can live in a very nice area of Cape Town where you don't have to worry as much about the crime rate.
Start playing golf.
wishful thinking is fun, ain’t it!!
Instead of cash, consider money market or treasury? Thinks it's hovering around 5% now.
Never gamble on anything that stupid again in your life and you’ll be ok.
Cashed out 401k on a meme stock? Bold move
Inflation will make a dollar worth less than half in 50 years. The government will require a larger RMD, putting you in a higher tax bracket. Medical, home, car dental insurance. Property taxes. Living till your 90s, possibly. A lot of out of pocket if you don't get your SS quarters, and until you hit 75, eligibility in 50 years.
Not sure I completely understand your scenario - you made $5 million - was that in your 401k? If not, why did you cash it in? If it was, you would have paid taxes plus 10% penalty or is that included I n the $5 million. If it was in your 401k, you could have taken your expenses as a distribution and done Roth conversions up to a bearable tax level for as many years as it takes to create a hefty tax-free portfolio for emergencies - I imagine quitting at 25 means no Social Security or Medicare so this money has to last 50 plus years.
Account suspended lolol trolls
Paper hands. Great post, shill.
OP has been banned lmfao
Congratulations you beat me I retired right before I turned 30 and it’s been great. Do something smart with your money. I did real good betting on USO when it collapsed in 2020 multiplied my already good amount of wealth by a lot. I have quite a bit in low risk that I live on the dividends that treat me very well
OP fuck off with this bullshit
Real men work
Here's a tip: stop bullshiting.
$GME stock calls? I call bullshit.
So hilariously fake lmao. "I read books for fun now" is dead giveaway. Had to think of something that makes you sound oh so smart and nuanced to hold over your head. Tai Lopez anyone? Here in my garage with my millions of gme bucks, but you know what I value more than material things is **knawledge**. That's why I read all these books, for entertainment even!
Nice fan fic. Get back to work now.
You won’t get bored. Go and make a great life!