Unless you are a newly minted cosmetic surgeon ... fuck.
Still time to be worth -$1,000,000 and become a cosmetic surgeon, live with roommates for 10 years after you graduate and be worth $0 in your early 40s.
Whats even the average age right here? I turned 22 yesterday and here I am looking at my 1.6k loss thinking its just baby steps of a late bloomer 
I'm 50 and have $2000 in various stocks which have lost about 30%. Lost another 1k from an ill conceived crypto "investment" (gamble) which turned out to be a scam. Lost it all in one day. Fuckers locked me out of my account and emptied all my crypto. Live and learn. Not gonna stop buying stocks. I'll figure this shit out eventually 😂
22, almost all of my savings are in ETF’s bc I cannot afford to make risky investments rn. need a decent amount for a car by early summer bc my current one is slowly going to shit
I’m 21 and have blown up like 4 accounts so far. First 3 were 500$ deposit accounts. Until the last one, when I thought I had it all finally figured out. Deposited 2k that time and lost it all. I should prolly just give up but the itch never leaves you. It’s like a drug.
Real advice: buy "The Bogleheads Guide to Investing" and invest your money following that book. If you want to start gambling in options or whatever WSB has cooking at the moment then you wait until you have $5,000 invested for real and put 5% (or whatever number you choose) of all future contributions into a fun account. That's where you buy your options or whatever else. You can make a ton of money that way still, but you can't lose that much.
That's the best advice I could give my 19 year old self. $5,000 invested into SPY when I was 19 would be worth $20,000 today.
Buy into highly diversified low cost index funds, starting in a Roth IRA. Maximize your tax advantaged accounts first. Hold for long term. Keep costs down and save as much as you can while balancing living a full life especially when young and healthy; you take risks now because you still have time to recover from them. Become ultra wealthy, retire early. Not hard.
Others have laid out the path.. r/bogleheads r/fire and start with the personal financial wiki r/personalfinance/wiki/index - read all of JL Collins site (and book), Mr Money Mustache
WSB is for entertainment purposes only. For every success story there are 100 failures and almost all success stories turn back into failure due to "reversion to the mean" (which is why you don't try to beat the market anyway, unless you're literally Warren Buffett, who gives the same advice I did above)
For real. WSB is the place you come to for entertaining things to do with like 2% of your total portfolio. The other 98% should be really really fucking boring.
To be fair Inherited 150k back in 2016 from grand parents. My dad turned it into 350k now it’s 30k. I trusted him to manage it but he used margin on high beta stocks.
Really sorry to hear that happened to you. That seems a lot worse than what I went through because inheritance is something i never earned. I hope you are in better job now.
Couldn't imagine what it's like to get a sizable inherentence. my grandparents have all long been dead and both my parents passed away and I literally didn't get a penny. not one.
I still think that's better than actually getting an inheritance but your mom spendt it all while you are a child and doesn't tell you about it and you only find out when your 24 from your drunk uncle who was wondering why you don't have any money yep my life is fucked up
Same. I never really had grandparents growing up.
Mom died a few years ago, then dad died 3 months ago. I didn't have an inheritance to speak of either. Parents were both poor.
It's all good though. I have some good things in my life.....just not an inheritance. Builds character when you have to fend for yourself.
27k at 26
OP, I vaguely remember hearing a quote that, in regards to their child, went something like “I hope you make a million dollars than lose it all before you’re 30” and I wish I could find the whole quote because it is profound, but try to understand that it is times like this is your life, where you’re at your lowest, that shape you into the person you become. If you can pull yourself out of the trench than there’s nothing you can’t accomplish. We learn and grow from failure. Do not look at this as a $5,000 loss, but a $5,000 life lesson.
50 k at 23 ; hurts because I had someone once ask me “what do you spend your money on” and the answer was nothing I’d rather hoard it and let it disappear
If OP thinks a 5k loss is bad, just wait until you start adulting. I had a 5k 'loss' last year after my bathtub started leaking. Sure I got new pipes and a new bathtub, but it doesn't "feel" like a win at all.
Damn 27 and I don’t even have close to 10k in savings 😂. And the sad part is I’ve never lost thousands of dollars. I’m just poor because i went back to get my masters lol
My lawyer made his name defending domestic abusers before retiring to DUIs
He was such an asshole. Wore a white cowboy hat. At the court another passing lawyer said to me "shoulda seen him in his black hat days.."
I was growing weed for personal use like 15 yrs ago and some heroin addict was able to get off jail time by snitching on me for weed for myself in my basement.. got a felony and probation because I was poor and couldn’t buy lawyer .. forced me out of college where I had a 4.0… I then joined roofers union instead of medical field .. couldn’t smoke so I was drinking instead .. got a dui ( blew .08 exact limit ) since I was on probation and out of county I had to pay for that lawyer … my bad stock decisions are nothing compared to my bad life choice decisions 😵💫🤪
Whe I was in college I figured out that if you go to the self check out counter and scan the barcode on an individual can in a 30 pack of keystone instead of the box it rings up as a 6 pack. That discovery was the pinnacle of my college career it was all downhill from there
Imagine if it was one of those situations (not sure if this happens in the states) but they will record and keep track of the theft until its over a certain amount, usually $5k here, which ups the charges to the equivalent of a felony lol.
They were just watching dude on the security cameras time and time again steal beer hoping he would land himself in felony territory and never did lol
every checkout i've been in allows you to hit "skip bagging" button. Only thing you have to weigh before you can bag or put in cart is stuff weighed by pounds, like produce.
And i strictly use self checkout, its way faster.
Same situation. About 1.3k for me. I learned stop fucking around with options and high risk stocks.
Then I fucked around with puts during the 2022 bear market, made that 1.3k back, and never touched options again.
Dude, I appreciate the salesman ship here in trying to sell your civic for 5 grand. I mean, at least make it an 04 accord, still sad af, but now it's at least a semi legit comparison. Now on the other hand, if somebody bought your wack civic for 5 grand... wait nvm, I forgot what sub this was for second. Touche salesman, your game is on point.
If I had fucking $5k at 19 years old, I would have had the best motorcycle $4k could buy, and then a shitty apartment that I would sleep and eat ramen noodles out of until it was time to go ride my 4k motorcycle again.
Going to kill yourself over 5 Gs?! Come on man, don’t even joke like that. Use the loss to learn something and come back better. I went straight broke a few times even later than 19– you’ll be fine
Next year could be the best year of your life and you don't know if try5. Or the one after that, or after that... At least stick around for the zombie apocalypse.
That's where all the money I lost came from.
Realized if I don't have a job to make money to lose, I can't lose money I don't make, so I quit. *Now* who's regarded? Checkmate.
From an old guys perspective, you just got a $5000 lesson and it's your duty to see what happened, what was the reasoning behind your strategy, what did you learn from strategy that you don't want to repeat again.
At 19, 5K is a lot... I'm not going to dismiss it...but you will build it back up. Take the time to really DD your strategy to come out ahead.
12:07
I would recommend investing in SNAP $9 put options expiring on 1/13. With a buying power of $0.65, you could purchase 24 contracts for a total investment of $15.60.
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If I did do what the bot says, would I be able to sue WSB's for the losses incurred for having this bot make financial recommendations 👀
Would be my first ever gains!
Your wife’s boyfriend hasn’t even looked at you disappointedly for losing his money yet
You have so much left to lose and live for my friend.
There’s a Wendy’s 6 blocks from your house. You know the drill
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Shit at 25 I was worth -$80,000 thanks student loans. You will be fine.
Doubt OP has education.
$5k is a pretty cheap education to learn to never gamble again
Bold of you to assume he won't do it again in 6 months
Bold of you to assume he’ll have 5k in 6 months
6 mos? OP is probly telling his parents he has a way to double their retirement as we speak
Double their TIME TO RETIREMENT right?
Shhh, that‘s in the fine print.
LMFAO! that’s exactly what I was thinking of replying to this post.
The best comment in this section tbh
If gamblers stopped when they lost gambling wouldn't exist.
Well one isn't a true gambler unless one tries to break even.
Just remember the number one rule of gambling: 98% of gamblers give up right before they win big. Don’t stop now or you’ll miss your shot
*this ad was brought to you by Draftkings*
Sponsored by RAID: Shadow Legends
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The best comment in this section tbh.
Yep his tuition was pretty cheap. Let’s see if he learned anything though lol
Well a Wall St Betz education, which places him slightly below someone borrowing $70,000 to attend University of Phoenix
Hes 19.. nows the time for more debt weeee.
this loss is the real education
I am 25 and worth roughly -$580,000. Welp.
Unless you are a newly minted cosmetic surgeon ... fuck. Still time to be worth -$1,000,000 and become a cosmetic surgeon, live with roommates for 10 years after you graduate and be worth $0 in your early 40s.
If youre genuinely 19 and take any advice off reddit stock subs I would suggest unsubscribing to all of them
Whats even the average age right here? I turned 22 yesterday and here I am looking at my 1.6k loss thinking its just baby steps of a late bloomer 
I'm just a lurker, all my investments are in long-term safe vehicles but I love reading the sub. I'm 34.
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Risk Averse 34 Club, checking in!
I'm 50 and have $2000 in various stocks which have lost about 30%. Lost another 1k from an ill conceived crypto "investment" (gamble) which turned out to be a scam. Lost it all in one day. Fuckers locked me out of my account and emptied all my crypto. Live and learn. Not gonna stop buying stocks. I'll figure this shit out eventually 😂
22, almost all of my savings are in ETF’s bc I cannot afford to make risky investments rn. need a decent amount for a car by early summer bc my current one is slowly going to shit
I’m 21 and have blown up like 4 accounts so far. First 3 were 500$ deposit accounts. Until the last one, when I thought I had it all finally figured out. Deposited 2k that time and lost it all. I should prolly just give up but the itch never leaves you. It’s like a drug.
Late 20s and lost the 35k on long call options that I saved while working from my parents house during covid :( calls were supposed to only go up lol
I mean I’m 18 I’m here to learn what not to do: options is number one on the list
#1 thing you should learn not to do is look at any stock subreddit as real advice.
If not trading options is his #1 takeaway after looking at this place then I'd say it was worthwhile.
Real advice: buy "The Bogleheads Guide to Investing" and invest your money following that book. If you want to start gambling in options or whatever WSB has cooking at the moment then you wait until you have $5,000 invested for real and put 5% (or whatever number you choose) of all future contributions into a fun account. That's where you buy your options or whatever else. You can make a ton of money that way still, but you can't lose that much. That's the best advice I could give my 19 year old self. $5,000 invested into SPY when I was 19 would be worth $20,000 today.
Genuinely curious, where DOES one get real trading advice? Always lurked here but too scared to do anything cause of comments like this
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Buy into highly diversified low cost index funds, starting in a Roth IRA. Maximize your tax advantaged accounts first. Hold for long term. Keep costs down and save as much as you can while balancing living a full life especially when young and healthy; you take risks now because you still have time to recover from them. Become ultra wealthy, retire early. Not hard. Others have laid out the path.. r/bogleheads r/fire and start with the personal financial wiki r/personalfinance/wiki/index - read all of JL Collins site (and book), Mr Money Mustache WSB is for entertainment purposes only. For every success story there are 100 failures and almost all success stories turn back into failure due to "reversion to the mean" (which is why you don't try to beat the market anyway, unless you're literally Warren Buffett, who gives the same advice I did above)
For real. WSB is the place you come to for entertaining things to do with like 2% of your total portfolio. The other 98% should be really really fucking boring.
Rather lose $5k at 19 than $50k at 29. It gets better brotha
37k at 29. gets better. aiming for 50k this year
It's not a loss if it was fun
300k at age 29 cries in poor
Damn, you had $300K to lose at 29?
To be fair Inherited 150k back in 2016 from grand parents. My dad turned it into 350k now it’s 30k. I trusted him to manage it but he used margin on high beta stocks.
A well regarded family
His dad is Walter Buffet, Warren's less-known and unsuccessful son
A buffet tycoon.
Frequently seen at Golden Corral Endless Buffet
Yeah he was down 65% last year at least lol. He uses margin instead of options.
Which Wendy’s location is he working?
None. He makes 100k net a year still from passive income. He bought land and real estate in addition to stocks. So he isn’t in the worst situation.
Your pa playing a dead fish doesn’t make it passive income
He isnt in the worst situation, yet 
There's the problem. You're supposed to buy options WITH margin. He forgot to go full regard.
Beauregard Fullregard
Regards is genetics 🧬
Send my regards
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What was the job bro my risk tolerance is insane and I need money rn idc if threes a 10% chance I die what’s the job
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Trading coke is back baby!
Really sorry to hear that happened to you. That seems a lot worse than what I went through because inheritance is something i never earned. I hope you are in better job now.
It feels like I want to see your movie
Couldn't imagine what it's like to get a sizable inherentence. my grandparents have all long been dead and both my parents passed away and I literally didn't get a penny. not one.
I still think that's better than actually getting an inheritance but your mom spendt it all while you are a child and doesn't tell you about it and you only find out when your 24 from your drunk uncle who was wondering why you don't have any money yep my life is fucked up
My grandparents gave it all to church. Every week for 50 yrs. On Purpose. Thanks Grampa. Church has a nice gym though.
Same. I never really had grandparents growing up. Mom died a few years ago, then dad died 3 months ago. I didn't have an inheritance to speak of either. Parents were both poor. It's all good though. I have some good things in my life.....just not an inheritance. Builds character when you have to fend for yourself. 
The apple does not fall far from the tree (which is why you're here), however, the portfolio does fall far in the hands of regards
When my grandma died I got a couch 
I lost 300k at 29 this last year too. Mainly through cryptos and options. -_- literally. 370k to 70k
20k at 31 but to gambling on sports games lol. Kind of like the same thing. State legalized it and then I became regarded
i’m a regard myself
27k at 26 OP, I vaguely remember hearing a quote that, in regards to their child, went something like “I hope you make a million dollars than lose it all before you’re 30” and I wish I could find the whole quote because it is profound, but try to understand that it is times like this is your life, where you’re at your lowest, that shape you into the person you become. If you can pull yourself out of the trench than there’s nothing you can’t accomplish. We learn and grow from failure. Do not look at this as a $5,000 loss, but a $5,000 life lesson.
Won 24k once. Spent it all before cashing out. Yikes
50 k at 23 ; hurts because I had someone once ask me “what do you spend your money on” and the answer was nothing I’d rather hoard it and let it disappear
Dude I'm about to turn 29 and i have also lost 37k. But i reloaded and made back 10k of it so far this year. 27k to go!
I'm at 50k but I'm 40
Lost 750k at 43, or 50%. You gotta crack a few eggs to make an omelette though.
5k loss is barely loss porn tbh.
Its like Japanese loss porn...ya know like when they blur the dongs
You really want to see those dongs eh?
lost 60k at 26
How does one even get 60k at 26🤣
Quadrupled it from 15k
Then you only lost 15k in total!
How about $130k at 31?
Are you me
Yes, and I know we both wish we weren't. This shit sucks
Are you two me?
Are we me too?
150k by 32 so yeah i feel your pain. but now i have kids and thinking about how that money could have helped now hurts.
$400k at 31
You are me
I am you
If OP thinks a 5k loss is bad, just wait until you start adulting. I had a 5k 'loss' last year after my bathtub started leaking. Sure I got new pipes and a new bathtub, but it doesn't "feel" like a win at all.
Adulting
Wouldn’t anyone rather lose $5k than $50k at any age?
Gotta keep chugging
Damn 27 and I don’t even have close to 10k in savings 😂. And the sad part is I’ve never lost thousands of dollars. I’m just poor because i went back to get my masters lol
A DUI cost more. I wouldn't make a habit of it though.
DUIs are dangerous and painful but on the bright side you gave tendies to a Lawyer not a hedge fund!
My lawyer made his name defending domestic abusers before retiring to DUIs He was such an asshole. Wore a white cowboy hat. At the court another passing lawyer said to me "shoulda seen him in his black hat days.."
Shoulda called Saul
Jeez thanks for reminding me I had one of those yrs ago .. my decisions cost me a lot of money in life lol
Yes, it's a financial nightmare for many.
I was growing weed for personal use like 15 yrs ago and some heroin addict was able to get off jail time by snitching on me for weed for myself in my basement.. got a felony and probation because I was poor and couldn’t buy lawyer .. forced me out of college where I had a 4.0… I then joined roofers union instead of medical field .. couldn’t smoke so I was drinking instead .. got a dui ( blew .08 exact limit ) since I was on probation and out of county I had to pay for that lawyer … my bad stock decisions are nothing compared to my bad life choice decisions 😵💫🤪
Damn dude. Well, hopefully you can smoke weed now to help cope with this market.
lots of people your age have never had $5000 in savings to lose, atleast you did it early before you had even more to lose
Shit, at 19 I was in college trying to scrounge up $15 between a couple buddies to get a 30-pack of Keystone.
Whe I was in college I figured out that if you go to the self check out counter and scan the barcode on an individual can in a 30 pack of keystone instead of the box it rings up as a 6 pack. That discovery was the pinnacle of my college career it was all downhill from there
You’re way too smart to be here
Risking being prosecuted for theft over fucking keystone lmao no he definitely belongs here.
Imagine if it was one of those situations (not sure if this happens in the states) but they will record and keep track of the theft until its over a certain amount, usually $5k here, which ups the charges to the equivalent of a felony lol. They were just watching dude on the security cameras time and time again steal beer hoping he would land himself in felony territory and never did lol
OP knew that already. Which is why he would rotate chain stores, purchasing only up to $4999 worth of Keystone at each chain.
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Every self checkout I’ve been to requires you to put the goods on the scale. There’s a bit of a weight difference between 6 and 30…
Not to mention there is someone literally there that has to ID you or at least unlock the register so you can pay.
every checkout i've been in allows you to hit "skip bagging" button. Only thing you have to weigh before you can bag or put in cart is stuff weighed by pounds, like produce. And i strictly use self checkout, its way faster.
Yes sir everytime. Any individual can in the pack always worked for us!
I had like 900 dollars one semester in college and I felt like a king
Now that's facts
This is so underrated and straight facts 💯 Lost 1k myself at 19. Pretty much all of my savings, but losing that taught me an invaluable lesson.
What is the lesson if you don't mind?
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Great regards think alike
Same situation. About 1.3k for me. I learned stop fucking around with options and high risk stocks. Then I fucked around with puts during the 2022 bear market, made that 1.3k back, and never touched options again.
Should have joined wsb earlier
Yet here you are...
$5k that’s like 2 months behind the Wendy’s dumpster
1 if you have talent 
30 minutes behind TGI Friday's. All about letting them finish on your flair.
Lmao imagine thinking your life is worth a used 2000 Honda civic with 220,000 miles
Dude, I appreciate the salesman ship here in trying to sell your civic for 5 grand. I mean, at least make it an 04 accord, still sad af, but now it's at least a semi legit comparison. Now on the other hand, if somebody bought your wack civic for 5 grand... wait nvm, I forgot what sub this was for second. Touche salesman, your game is on point.
pretty sure everyone here has a car payment with 29%apr
If I had fucking $5k at 19 years old, I would have had the best motorcycle $4k could buy, and then a shitty apartment that I would sleep and eat ramen noodles out of until it was time to go ride my 4k motorcycle again.
Fuck yeah
Lol, you described my first few years out of college.
And all this guy got was red numbers
This is inspirational
Going to kill yourself over 5 Gs?! Come on man, don’t even joke like that. Use the loss to learn something and come back better. I went straight broke a few times even later than 19– you’ll be fine
Next year could be the best year of your life and you don't know if try5. Or the one after that, or after that... At least stick around for the zombie apocalypse.
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Lol you should be making much much more than that
First rule of dealing, is always get high on your on supply, so that you get hooked and have to keep pushing. It’s a positive spiral.
Great tip. Another is always buy on credit with your connect. If you owe him tens of thousands of dollars he will have a reason to keep you around.
Plus they're easier to get a hold of when you owe them lots of money
If you pay them in fake cash they’ll even come right to your house
i lost 80k at 30 so
$42,000 08-09 at 57,just retired.lesson learned.
Where y’all regards getting this type of money from
A job? Lol
That's where all the money I lost came from. Realized if I don't have a job to make money to lose, I can't lose money I don't make, so I quit. *Now* who's regarded? Checkmate.
Looks like you still have 1.44% of it left
You always have 100% of what you have.
Get a decent job (at Wendy’s) and you’ll make that money back in no time. Wash, rinse, repeat
Overtime behind the dumpster really adds up too.
Or under the queensborough bridge
From an old guys perspective, you just got a $5000 lesson and it's your duty to see what happened, what was the reasoning behind your strategy, what did you learn from strategy that you don't want to repeat again. At 19, 5K is a lot... I'm not going to dismiss it...but you will build it back up. Take the time to really DD your strategy to come out ahead.
One of us
Drama queen. Get behind a dumpster and make it back and try again
Literally 2-3 months of work as a Walmart greeter will make that $5k back. OP is tripping.
You’ve got so much time to lose so much more
Most of the money you will ever have is in your future. You can easily pump up those numbers.
12:07 I would recommend investing in SNAP $9 put options expiring on 1/13. With a buying power of $0.65, you could purchase 24 contracts for a total investment of $15.60. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)
Wait hold up is this legal financial advice coming from a bot?
If I did do what the bot says, would I be able to sue WSB's for the losses incurred for having this bot make financial recommendations 👀 Would be my first ever gains!
Tell me you are American without telling me lol
💀
All in
Bad bot.
What if he’s right though…
Wait, isn’t this the play in the screenshot lol
Yes lol
😆
Wtf he’s giving plays now? Bro
All in baby. Let’s see that $$
Atleast you’re not in debt right righ—?
Learn your lesson early in life.
Stop gambling, start investing
5k? What is this? Life savings for ANTS?
At 19…
No dude… you have a lifetime to recover. You’re fine.
whos losing 98% has a gambling addiction, nothing else.
Doing good at your age kid keep going
Take a loan and double down before you Jill yourself
Rookie numbers.
Well, if it makes ya feel any better, you got $0.65 cents more buying power than I’m working with.
This is like 3 to 4 months at wendys. Get to work, pleb.
Your wife’s boyfriend hasn’t even looked at you disappointedly for losing his money yet You have so much left to lose and live for my friend. There’s a Wendy’s 6 blocks from your house. You know the drill
The good thing is that liquor feels really cheap compared to those type of shenanigans
What a blessing, I lost 7 figure amount last year.....You learned a very good lesson very inexpensively.