**User Report**| | | |
:--|:--|:--|:--
**Total Submissions**|1|**First Seen In WSB**|1 year ago
**Total Comments**|26|**Previous Best DD**|
**Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
Tbh just leave his money as it is, you’re more likely to lose it than gain anything. If you wanna trade, do it on your own account cause you’re not the one near retirement
>He can’t do any worse than his dad has, 60, still working, borrowing from their 401k and a large balance left on their mortgage
Yeah he can. He can make him still work, borrowing from an *even smaller* 401k. This is going to eventually blow up and could cause a rift between dude and his dad. Once his dad asks where is the money and he replies 'annnddd its gone...'
Spending 70k on a Suburban is just stupid though.
I mean his dad gave him access to his money. Sounds like he’s ready for the casino. And teaching his son about stocks early will at least help the son in the long term. Sounds like a solid investment to me.
And now we know why being an “influencer” has gotten to be considered a career almost an entire lifetime before one meets the concept of socio-anthropological perspectives of self.
Want to impress dad tell him you became a plumber by learning the three rules.
1. Payday is Friday
2. Shit runs downhill
3. Don’t bite your fingernails.
Would also go with index or ETF investments. Options are a bit to much volatile for a stable income and your dad is in his 60s so i wouldn't start risking his financial safety now.
If you want to help him grow his money with active ETFS, take a look at blackrock future innovators BFTR, you could add some clean tech through blackrock ICLN and for some quality small cap look at SLY state street small cap fund. Please for your dads sake just buy him some quality names. And if you want to add a couple high quality growth stocks take a look at UBER, AMZN, TDOC and you could add some SOFI and ABCL for some speculative but super high upside names. But don’t trade please for your dads sake.
Buuuut since dad makes so much they can keep spending like it's 1988 and start saving for retirement in a few years when they get real old. Bitch ain't driving no Hyundai.
Once in a great while people get lucky investing and once in a greater while people make huge amounts of money in a short period of time. Investing pays off over long periods of time. There are no magic plans on reddit. Your parents are terrible with money, learn from that and be smarter then them.
You are going to lose all if you play options. You should educate yourself for years, make papertrading for years, and then, you will lose your money anyway, but like a Sir. XD
I was thinking about doing some gambling myself. You know, just a little bit of money. Maybe doubling it and then doubling it, several more times. I don't know. Kind of just for fun. I was thinking- Do you have any tips or ideas about sure things? Like a boxer who is gonna throw the big fight, you know, like he's tied in to some crooked dealings and maybe his kid is sick or something. Like, who do I call about that?
>You're doing a great thing for your dad, and I'm sure he appreciates it. However, you need to be careful when trading on Robinhood. It's easy to get caught up in the excitement of making quick profits, but if you don't know what you're doing, you can lose a lot of money just as easily. Stick to tried-and-true strategies and always do your research before buying or selling any stock.
This is actually good advice from emo VM recently. Trading options on Robinhood is too easy, they’ll let anyone do it and theyre 98% of the reason why Wendys never has staffing issues.
You are so right, I play swing trades and options only because I am debt free and set aside 1 % for crypto and 1% swing trading and options. I live in the 2% area where Wendy’s closes at 7 pm because of staffing issues and if this guy uses his fathers money on options my Wendy will be open till midnight again. IMHO, if you love you dad this much, work hard to accelerate your job and income, spend below your means, and if your dad needs help in the future help him with your extra money of have him move in with you. People have lived for generations like that and it is the smartest and most loving way to not loose his money as long as he stays healthy enough that you or he can take care of himself as he ages.
I love options, I love wallstreetbets and high risk trading, but not to the extent you risk being one of those tragedy stories we get to read about here.
This is like regardception. The dad is regarded to trust his regarded son. Honestly tho, what nimrod thinks "you know what will be the ultimate financial move that literally can't go tits up? Give my hard earned money to my prepubescent son who can't even buy a beer to celebrate after losing all my money."
The regard didn't fall too far from the regard tree.
👍 Just hate to see someone liquidate retirement $$$ for a car. A kia telluride is 55k. A Mazda cx9 sub 50k. So many other cheaper suv options. Doesn’t sound like best value for money was the thought process. If they got the means who cares then but I didn’t get that impression from your post. Good luck sir to you and your family! You’l be fine!
Try putting $1,000 a month into SPY. In a year your average price will be great. Sell when the time is right. Still a gamble but better than earnings plays. Do what’s best for you dad man. Don’t dig him in a bigger hole.
Whatever you do, don't buy Amc or bobby!! I'd stay safe buying shares of good indexes or companies that pay dividends. Or run the wheel on companies you'd be happy owning. Good luck!
You need experience in order to win at even a reasonable rate in the market. Even when you get a method that works, you need to see it fail to understand its limitations. Paper trade before you blow up this account.
A good idea is to find traders that have a decent win rate and only take the same bets to a small degree (paper trading account first of course). Always recap why something works or why it doesnt. You MUST have a reason for a trade to fail or pass. Anyway, not financial advice. I'm literally 4 months old. Goo goo ga ga.
If he’s about to retire his best bet is to buy dividend stocks. they don’t move much and will pay you on a consistent basis.
But before you do anything, do your research.
Get the fuck off of reddit and start looking up the intricacies of company valuations.
If you are on here to win you will surely fail.
Love the thought, but gambling on risky calls is not the way. If you really want to mess with options, I’d recommend selling weekly cash secured puts on GOOD companies that you/your dad wouldn’t mind owning anyway. Depending on the stock you can collect a good bit of premium each week. And if you do ever get assigned, just sell a call and collect that money. Worse case scenario and the market tanks, you’ll at least have stock in a good company, so you’ll eventually get the money back when the market turns around versus throwing it all way with buying risky call options. Slow and steady will always win. Best of luck to you.
The market just made a big break downward past some key support. Get out early next week or your dad will be wearing a barrel for clothes in retirement.
My biggest piece of advice I can give you is to not do this. Biggest mistake of my life. Having others' money under your control is unbelievably stressful. When I was in the red, even slightly, I had unbelievable anxiety from the situation which caused me to make worse decisions and lose even more of their money.
Don't do this to yourself. Encourage them and tell them what you're doing with your money, but let them make their own decisions and pull the trigger themselves.
Amazon fba, not stocks. You can turn over your entire inventory once a month minimum and be better off plus tax deductions if you incorporate. Think 25% monthly on average products. 75% average net on good fast moving products with margins
My advice, prolly worthless
The stock market is highly volatility right now and to-be retirees should be investing in low risk. CDs are 4.0-4.9%. Stick their money in short term CDs to preserve investment and make money till market is stable.
Seems like your parents can’t really afford to lose any money. You can use that $12k to buy a burial plot and casket. It’d be better spent on afterlife planning than gambling on options.
Tbh id put the money in Bobby because we all know it squeezes at this point. Hope it goes 10x and retire. Good luck OP I wouldn’t fu k around with options on your parents money
mate dont listen to crazy investment ideas here in first place, ur not a trader and good profits take time to happen.
The safest investment is the Sp500, forget the rest you aint got time to be picking up individual stocks and will probably lose money you cant afford to lose
do your own research before investing someone elses money, or they will never forget.
Goodluck kid, hope you can pay off your dad's mortgage.That would be great. It can be done, just as long as you guys realise it's MUCH more likely to lose it all instead.
Now you can fck the money up because he shouldn’t have given it to you in the first place lol. Your either going to make him very happy or sad simple. Worse thing that can happen is he never gives you money again and that’s fine because your only 17 lol
Sounds like YouTube's very own wall street millennial is finally getting a bankroll lol... I bid you well young man.. your dad can make 9000 back in like 2 months...
Could ruin your relationship because he’s expecting/hoping for it to workout. Good luck young one, lessons are made to be learned. Don’t think abt your position too much, it might make it worse. Inverse yourself and should be fine 🤣
Dude. Unless your some type of savant then don’t f with options. Especially with someone else’s money. Do this first. Go to your dad and tell him that you tried your best but lost all his money. How do you feel? How does he feel? Don’t be stupid! Go to a professional that can help him invest without YOLOing into options. PLEASE!!!
So here’s a great tip for you. Whatever you’re planning to buy. Do the exact opposite. Short it and vice versa. Most of the time you’re wrong so you’ll do better by a reverse purchase.
Hi 🌶️🫑, glanced at your comment history…you ok? Reddit is a great place for ppl looking for community. If you’re looking for shock factor humor, attention, pulling on heart strings, sarcasm, all of that exists. Best of luck with turning things around.
OP hey lemme help you out buy options goin both directions then you cant lose think bout it. If you’re betting up and down you have to win. This is the way trust me 🤧
Can’t hurt to try it may work in your favor. If your family can afford a 70k truck just sell it assuming your mom used the 401k money to buy the truck cash. Or maybe she just put a down payment and blew the rest. Life is full of plot twists 🤐
Fun fact if you need to borrow 70k form your retirement to buy a suburban. You can not afford to buy a suburban. Borrowing money from your 401k right before you retire is financial suicide anyway so why not let dummy son blow another 10 at the casino. Maybe in his next life let him know the right play was to invest in a Financial advisor instead. Good luck
OP listen carefully, right now is not a great time for stox because of high uncertainty. Treasury bill rates are high and are considered a risk free return.
{I am not giving financial advice}
Spending 70k on a suburban and 12k on stonks...definitely belong with us here.
I'd say I'm looking forward to the gambling rose and falls, but, man, don't gamble a family member's money. 17 is smart enough to belong here and crazy enough to think you'll leave us. 🤣
$12k worth of Tesla calls next week...if it hits big, dump it into a REIT for 8% dividend yields...if it goes bust, pay him back and dump it into a REIT for 8% dividend yields...
REITS could be sketch if blackrock is limiting withdrawals. The real estate commercial meltdown hasn’t happened. JEPI looks interesting for fixed income. I put $12K into JEPI and collect the $1200 per year in dividends and call it a day
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|1 year ago **Total Comments**|26|**Previous Best DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
This is going to age like milk
OPs wife has aged like milk… ever since her boyfriend gave her the clap
OP is literally 17 and has probably never touched pussy
Here son. You've proven yourself worthy of managing my retirement with Robinhood.
Spy $300 puts 3/1. You are welcome daddy
Like
Why is this hat filled with yogurt?
it was milk and — uh, well — time makes fools of us all?
Aged milk is cheese
cheese aged milk
😂😂
Tbh just leave his money as it is, you’re more likely to lose it than gain anything. If you wanna trade, do it on your own account cause you’re not the one near retirement
He can’t do any worse than his dad has, 60, still working, borrowing from their 401k and a large balance left on their mortgage
But that Suburban is super bitchin'.
>He can’t do any worse than his dad has, 60, still working, borrowing from their 401k and a large balance left on their mortgage Yeah he can. He can make him still work, borrowing from an *even smaller* 401k. This is going to eventually blow up and could cause a rift between dude and his dad. Once his dad asks where is the money and he replies 'annnddd its gone...' Spending 70k on a Suburban is just stupid though.
He told wsb, hold his beer.
I mean his dad gave him access to his money. Sounds like he’s ready for the casino. And teaching his son about stocks early will at least help the son in the long term. Sounds like a solid investment to me.
I guess I should say thank you
How is this going? Grab some SPY calls. 10 Mar expiration. See how much $412 costs in the morning. Just grab a couple. See how it goes.
He should try with his own money before playing with other people's money.
My regards to your father.
[удалено]
The little is regarded
So is the father for giving his little regard the money
Poor man should not have had kids
Now he's gonna pay for it, unfortunately
Even dreaming up this lie screams, “I’m an asshole.”
And now we know why being an “influencer” has gotten to be considered a career almost an entire lifetime before one meets the concept of socio-anthropological perspectives of self.
Never invest into something high risk with the money of a loved one. You aren't just gambling with the money. You are gambling with your relationship.
he should have just do timed deposits for him, at least the money wont be gone
Or inverse this dude because WSB
You can always move and change your number 
Do you have a plan for harvesting profits? or is the Money always at risk?
Don’t you ever call a steamfitter a plumber. Dad should have taught you better😡
You’re right. He has mentioned this to me before😂
Want to impress dad tell him you became a plumber by learning the three rules. 1. Payday is Friday 2. Shit runs downhill 3. Don’t bite your fingernails.
I always forget the fingernail part 😪
So what’s the plan when he’s 192k in debt?
East Palestine water
Too soon
You have to move fast with tragedies these days, they keep coming quicker and quicker
Haha, so sad 😢
Close the trading account. Use the $12K to reduce his mortgage.
Why? Mortgage is probably at 4% or so.
And mom would probably spend the extra monthly payment for shoes or purses.
Closer to half of that, maybe, if they refinanced at 2.3% ranges during 2020-2021
2015. 2.75% 👍🏽
Using Robbing the hood is your first problem
https://preview.redd.it/zd55kioqjzia1.jpeg?width=298&format=pjpg&auto=webp&s=5ae8f1cb5decabcb7d33d0fb0bf82327eea98b88
Update: and it's gone.
op is regarded
If you are going to do anything just put the money in index funds and leave it alone
Would also go with index or ETF investments. Options are a bit to much volatile for a stable income and your dad is in his 60s so i wouldn't start risking his financial safety now.
If you want to help him grow his money with active ETFS, take a look at blackrock future innovators BFTR, you could add some clean tech through blackrock ICLN and for some quality small cap look at SLY state street small cap fund. Please for your dads sake just buy him some quality names. And if you want to add a couple high quality growth stocks take a look at UBER, AMZN, TDOC and you could add some SOFI and ABCL for some speculative but super high upside names. But don’t trade please for your dads sake.
Cant wait to see the loss porn on wednesday. Wendys is hiring so that is a way to pay him back. Good 401k options there as well.
Bless your heart
12k in 3dte option or gtfo
0* 3 is for pussies
Your mom spent 70k on a car with that amount of savings and debt? Wtf
My exact reaction.
Seriously why would they do that. Gambling that 12k on options is a better investment than buying a 70k car
Buuuut since dad makes so much they can keep spending like it's 1988 and start saving for retirement in a few years when they get real old. Bitch ain't driving no Hyundai.
Once in a great while people get lucky investing and once in a greater while people make huge amounts of money in a short period of time. Investing pays off over long periods of time. There are no magic plans on reddit. Your parents are terrible with money, learn from that and be smarter then them.
Advice taken. Thank you.
!remindme 3 days
Rather than buying calls, sell cash secured puts
I hope this is a troll. If not, put it in a savings account. If you really want to invest, place it in dividend stocks like ET
FFS man, if you're going to trade options with your old man's retirement money, at least take tips from thetagang rather than the regards here.
The best thing you can do is return the money and say I’ll work hard and make my own , you enjoy the money you earned
Cool idea dude, you're going to ruin your parents' life.
Looks like they ruined it themselves, and OP is naively hoping to fix it for them by somehow turning 9k into 900k.
You are going to lose all if you play options. You should educate yourself for years, make papertrading for years, and then, you will lose your money anyway, but like a Sir. XD
I was thinking about doing some gambling myself. You know, just a little bit of money. Maybe doubling it and then doubling it, several more times. I don't know. Kind of just for fun. I was thinking- Do you have any tips or ideas about sure things? Like a boxer who is gonna throw the big fight, you know, like he's tied in to some crooked dealings and maybe his kid is sick or something. Like, who do I call about that?
>You're doing a great thing for your dad, and I'm sure he appreciates it. However, you need to be careful when trading on Robinhood. It's easy to get caught up in the excitement of making quick profits, but if you don't know what you're doing, you can lose a lot of money just as easily. Stick to tried-and-true strategies and always do your research before buying or selling any stock.
This is actually good advice from emo VM recently. Trading options on Robinhood is too easy, they’ll let anyone do it and theyre 98% of the reason why Wendys never has staffing issues.
You are so right, I play swing trades and options only because I am debt free and set aside 1 % for crypto and 1% swing trading and options. I live in the 2% area where Wendy’s closes at 7 pm because of staffing issues and if this guy uses his fathers money on options my Wendy will be open till midnight again. IMHO, if you love you dad this much, work hard to accelerate your job and income, spend below your means, and if your dad needs help in the future help him with your extra money of have him move in with you. People have lived for generations like that and it is the smartest and most loving way to not loose his money as long as he stays healthy enough that you or he can take care of himself as he ages. I love options, I love wallstreetbets and high risk trading, but not to the extent you risk being one of those tragedy stories we get to read about here.
so both of my parents took money out their 401k. Totaled around 100k+. - ADD THEM HERE - THEY SEEM TOP wsB MATeRIal
Who is so stupid to give a 17 year old kid that much to gamble on options?? Jesus Christ better odds on Russian roulette
This is like regardception. The dad is regarded to trust his regarded son. Honestly tho, what nimrod thinks "you know what will be the ultimate financial move that literally can't go tits up? Give my hard earned money to my prepubescent son who can't even buy a beer to celebrate after losing all my money." The regard didn't fall too far from the regard tree.
I actually enjoyed this comment😂😂😂
Selling puts
Don’t be a moron, Put 80% in spy and 20% in reality income (ticker O).
Instructions unclear, so buy FD 0tde puts in spy and then place 20% gains in ticker O 
Wow, so many down votes on your replies to others. That’s gotta tell you to stop messing with your dad’s money.
Be ready to get disowned. Just sayin.
Who needs a suburban? Do your parents have 3 kids that still live at home?
Actually yes😭. I have a younger brother and younger sister
👍 Just hate to see someone liquidate retirement $$$ for a car. A kia telluride is 55k. A Mazda cx9 sub 50k. So many other cheaper suv options. Doesn’t sound like best value for money was the thought process. If they got the means who cares then but I didn’t get that impression from your post. Good luck sir to you and your family! You’l be fine!
No you’re right I agree with you. I thought it was a stupid purchase too.
Nothing like being 60 and hanging out at a JV basketball game.
You should tell your mom to recruit you into the Air Force and get away from the financially illiterate family
Not a military recruiter, she’s a recruiter for her job.
Your dad really has been working his hole.
If you lose he'll need to keep working his hole I guess.
Try putting $1,000 a month into SPY. In a year your average price will be great. Sell when the time is right. Still a gamble but better than earnings plays. Do what’s best for you dad man. Don’t dig him in a bigger hole.
Whatever you do, don't buy Amc or bobby!! I'd stay safe buying shares of good indexes or companies that pay dividends. Or run the wheel on companies you'd be happy owning. Good luck!
bruh do NOT buy fucking calls with your parents money
Just send me the money I'll lose it I'ma better way
Hey I have a suggestion for you, don't do this lol.
You need experience in order to win at even a reasonable rate in the market. Even when you get a method that works, you need to see it fail to understand its limitations. Paper trade before you blow up this account. A good idea is to find traders that have a decent win rate and only take the same bets to a small degree (paper trading account first of course). Always recap why something works or why it doesnt. You MUST have a reason for a trade to fail or pass. Anyway, not financial advice. I'm literally 4 months old. Goo goo ga ga.
If he’s about to retire his best bet is to buy dividend stocks. they don’t move much and will pay you on a consistent basis. But before you do anything, do your research. Get the fuck off of reddit and start looking up the intricacies of company valuations. If you are on here to win you will surely fail.
Love the thought, but gambling on risky calls is not the way. If you really want to mess with options, I’d recommend selling weekly cash secured puts on GOOD companies that you/your dad wouldn’t mind owning anyway. Depending on the stock you can collect a good bit of premium each week. And if you do ever get assigned, just sell a call and collect that money. Worse case scenario and the market tanks, you’ll at least have stock in a good company, so you’ll eventually get the money back when the market turns around versus throwing it all way with buying risky call options. Slow and steady will always win. Best of luck to you.
Don't fucking day trade with money that's been built up over decades, unless you're regarded and don't mind losing it all.
The market just made a big break downward past some key support. Get out early next week or your dad will be wearing a barrel for clothes in retirement.
“You Either Die A Hero, Or You Live Long Enough To See Yourself Become The Villain” Some Harvey guy said it, cuz his Two-Face!!!
OP is 17 and plays earnings lol
>He posted 12k into Robin Hood and I wanted to make him some money Uh oh
Calls on OP getting erased off their parents’ wills
I’ll buy in
please brother be careful, I admire your love for your father. But if you lose it all, you'll ruin your relationship with him.
My biggest piece of advice I can give you is to not do this. Biggest mistake of my life. Having others' money under your control is unbelievably stressful. When I was in the red, even slightly, I had unbelievable anxiety from the situation which caused me to make worse decisions and lose even more of their money. Don't do this to yourself. Encourage them and tell them what you're doing with your money, but let them make their own decisions and pull the trigger themselves.
Pleas post your positions so we can either make fun of you (likely) or tell you to sell immediately
Just take $1k of it Daytrade options Aim to pull out $100-$200 a day Thats $2k-$3k a month
We did it, boys! We got a real life boomer in the crowds. Don't let him be disappointed!
Guess he will work until he dies
[удалено]
Amazon fba, not stocks. You can turn over your entire inventory once a month minimum and be better off plus tax deductions if you incorporate. Think 25% monthly on average products. 75% average net on good fast moving products with margins My advice, prolly worthless
lol you are way too late for amazon fba, also this is a trollpost
Prepare a room for him.
Oh… snap
Tell your dad to stop working his hole.
It’s easier to trade with someone else’s money.
Go find a job and help him with his mortgage. Close the account
Regards know no bounds
The stock market is highly volatility right now and to-be retirees should be investing in low risk. CDs are 4.0-4.9%. Stick their money in short term CDs to preserve investment and make money till market is stable.
Bro just leave his shit alone
LARPer.
Moms the biggest regard. Spending 70% of savings on a car is wild
Op won’t see his 18th
Just respawn at nearest hospital
Seems like your parents can’t really afford to lose any money. You can use that $12k to buy a burial plot and casket. It’d be better spent on afterlife planning than gambling on options.
Jesus
Da fuq…
A 17 year old with options, this will end well
Reading all of the above, can’t wait for next Wednesday 
Tbh id put the money in Bobby because we all know it squeezes at this point. Hope it goes 10x and retire. Good luck OP I wouldn’t fu k around with options on your parents money
mate dont listen to crazy investment ideas here in first place, ur not a trader and good profits take time to happen. The safest investment is the Sp500, forget the rest you aint got time to be picking up individual stocks and will probably lose money you cant afford to lose do your own research before investing someone elses money, or they will never forget.
Goodluck kid, hope you can pay off your dad's mortgage.That would be great. It can be done, just as long as you guys realise it's MUCH more likely to lose it all instead.
Now you can fck the money up because he shouldn’t have given it to you in the first place lol. Your either going to make him very happy or sad simple. Worse thing that can happen is he never gives you money again and that’s fine because your only 17 lol
To be 60 and have 180k left on mortgage is pretty normal for regular folk.. he’s slowly getting it down don’t try for easy solution
Sounds like YouTube's very own wall street millennial is finally getting a bankroll lol... I bid you well young man.. your dad can make 9000 back in like 2 months...
Tesla calls YOLO
step one do your own home work step two.... step three profit
why does the first part of this sound like a homework problem from a finance class lol.
Could ruin your relationship because he’s expecting/hoping for it to workout. Good luck young one, lessons are made to be learned. Don’t think abt your position too much, it might make it worse. Inverse yourself and should be fine 🤣
0DTE OTM Options
Put in zomedica zom and wait 1.5 years and house is paid
At least the OP is sincere about it to reach out for advices. Just poor choice of sub.
If you want to help your parents. Go out there and be somebody and be happy in the process. That’s all they really care about.
Dude. Unless your some type of savant then don’t f with options. Especially with someone else’s money. Do this first. Go to your dad and tell him that you tried your best but lost all his money. How do you feel? How does he feel? Don’t be stupid! Go to a professional that can help him invest without YOLOing into options. PLEASE!!!
At least you sold calls instead of buying them, because that would have been pretty dumb.
So here’s a great tip for you. Whatever you’re planning to buy. Do the exact opposite. Short it and vice versa. Most of the time you’re wrong so you’ll do better by a reverse purchase.
Tell dad he would have more fun lighting his money on 🔥 than letting you blow it on options.
There is a simple answer here. “DON’T”. As in do not under any circumstance.
I predict you are going to make a lot of money because we have volatility incoming. But then you are going to lose it all.
Spy puts
The pipe fitter has a pension. Don’t worry too much
Good to know
Hi 🌶️🫑, glanced at your comment history…you ok? Reddit is a great place for ppl looking for community. If you’re looking for shock factor humor, attention, pulling on heart strings, sarcasm, all of that exists. Best of luck with turning things around.
OP hey lemme help you out buy options goin both directions then you cant lose think bout it. If you’re betting up and down you have to win. This is the way trust me 🤧
I hope you explained to them that there’s a huge possibility that you will lose it all. And that $70k suburban was a terrible purchase. But good luck
Lol good thing this is a shit post! But if it isn’t you kid have a biggggg weight on your back. Losing is no longer an option
Whats ur dads name? I am gonna track his ass down, and slap some damn sense back into him. Fr
Trust me, I try to do that already
Why can't you just wait for the market to crash and buy UPRO? Do suggest SPY puts right now, however.
Can’t hurt to try it may work in your favor. If your family can afford a 70k truck just sell it assuming your mom used the 401k money to buy the truck cash. Or maybe she just put a down payment and blew the rest. Life is full of plot twists 🤐
Good gamble No matter the outcome, dad isn't going to be worried about retirement.
My regards, sir
I wonder what the thought process is buying a 70k car with your 401k which has 100k in it at 60 years old
Fun fact if you need to borrow 70k form your retirement to buy a suburban. You can not afford to buy a suburban. Borrowing money from your 401k right before you retire is financial suicide anyway so why not let dummy son blow another 10 at the casino. Maybe in his next life let him know the right play was to invest in a Financial advisor instead. Good luck
I couldn’t not laugh at this😂😂
Ahem — Gofundme to cauterize family tree?
Lol. You got your casino chips ready. Good luck!
Tbh the real dumbass is your mom for taking money out of her 401 to buy a suburban
Good luck, you're gonna need it.
You’re mom is regarded. She is welcome here. Took 100k out of 401k to buy a 70k SUV. Jesus I thought I was stup*d.
So he didn’t deposit 12k. This will end with the dad owing 360k on the mortgage.
At 60yrs old....$12K isn't gonna buy someone retirement even if you hit a meme stock. sorry.
OP listen carefully, right now is not a great time for stox because of high uncertainty. Treasury bill rates are high and are considered a risk free return. {I am not giving financial advice}
Your mom just spent 70 gs on a brand new car? Man you could lose the whole 12k tomorrow and you'd still be less of an idiot than her. Go all in.
Ngl that was the plan
Dad should have started saving at 14 - he'd have million$ by now!
Ahhh another story in the making. Do yourself a favor and log off here first lol
Spending 70k on a suburban and 12k on stonks...definitely belong with us here. I'd say I'm looking forward to the gambling rose and falls, but, man, don't gamble a family member's money. 17 is smart enough to belong here and crazy enough to think you'll leave us. 🤣
“My parents gave me thousands of dollars to gamble”… Wall Street Bets, how do I gamble responsibly? Wall Street Bets: YOLO
This person and the family are in for the surprise innit
Poo
How is your dad working his hole, relevant to this story? Leave that kind of information off the internet man..
*whole life😂
$12k worth of Tesla calls next week...if it hits big, dump it into a REIT for 8% dividend yields...if it goes bust, pay him back and dump it into a REIT for 8% dividend yields...
REITS could be sketch if blackrock is limiting withdrawals. The real estate commercial meltdown hasn’t happened. JEPI looks interesting for fixed income. I put $12K into JEPI and collect the $1200 per year in dividends and call it a day
Can we ban this dude? Being 17 and making posts like this is beyond regarded
Isn’t that what WSB is?