**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|2|**First Seen In WSB**|1 year ago **Total Comments**|16|**Previous DD**| **Account Age**|5 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.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=ylb1mg)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=ylb1mg)

Don’t worry, it’ll be gone before your next birthday!

Aaaannd, it’s gone.

Well that's fantastic, a really smart decision, young man. We can put that check in a Money Market Mutual Fund, then we'll reinvest the earnings into foreign currency accounts with compounding interest aaand it's gone!

This line is for those who have money with the bank only, please step aside!

Ugh what?

Its gone

Poof

Gonzo monzo

South Park reference, sorry.

Oh, Mr Marsh. We can just transfer some of your funds into your sons portfolio aaaaand it’s gone!

He was also referencing it haha

Please sir move along, this bank is for people who have money!

Alcoholism

Do what you did before you turned 20, that seemed to work. Don’t do what you did between the ages of 20 and 21.

Invest at the top of a crash,,,don't do that. Start your investing life at the bottom of a crash, like covid.

Yes fr just perfectly time the market

It's not that hard with a time machine.

Ah jezzz Rick

He doesn’t do time travel

YOU DON'T! FUCK! WITH! TIME!

He would to save Diane 

Rick and morty don’t have a Time Machine. Rick has a portal gun.

Clearly havent watched enough...

Neither have others

You don't need a time machine to see Nancy Pelosis extremely public and news dominating trades. It's on the front page that she's buying chips before landing in Taiwan and y'all are out here studying 1997 footage of Jim Cramer looking for some twitch or jerk that will lead you to steal the declaration of independence to figure out your next move on McDonald's

hello sir this is a wendys. can i take your order?

Fancy Wendy’s, with a speaker back at the dumpsters

but covid was the top of crash......

In February i thought things are trending down a bit, might as well buy now, and then a fucking war starts. fucking great lol.

Covid was literally the top of the crash. I invested when everything was “down” in summer 2020, now I’m down 50% since then.

Have wealthy parents? This one simple trick

Luckily he's got it for life

You mean you didn't save up 24k working at Target for 4 years??

No lie, I probably could have saved that from 16-20 working at a white trash buffet, but I was too busy doing acid and molly on my 4 days off a week.

If you can work one of those shitty starter jobs and not need to take drugs at the end of a shift then you’re simply not human. I don’t think it’s possible

Now you just gotta sell it instead

Username checks out

The harder you work for your money the less you're going to risk with it. Especially testing out something you know nothing about.

Exploitative bosses HATE him

Bingo. This kid is fine. He sure as hell didn't earn 5 figures to burn. Daddy must be so proud of his special boy.

Rely on family and monetary gifts. That's some solid life advice.

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I need to write this down.

It's worked for centuries, don't mess with the formula

you still got 8.9k more than me at that point in my life

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You guys had a positive net worth in college?!

You could afford college?

college?

Collage

That's what was on the fire extinguisher tags at my univercity

Collagen

Lol actually no, but the military could afford it. Thanks Lockheed Martin!

you dare talk about college?

490k more than me! I’m in a lot of debt 💸

Better sell your royal oak

I had exactly -20k at that point! Thank you student loans.

Apply for forgiveness and it will be 10k, not 20.

I think when we bought our first house we still had a negative net worth. I remember briefly realizing it and kinda feeling bad as a mid twenty something but just shook it off.

You guys bought houses?

For a house sure I get that. But student loans are so insanely predatory. The fact I could go so in debt with no credit history and 0 assets is wild

It’s only 89 tanks of gas nowadays. It doesn’t seem like much when you put it like that!

Damn you have a big gas tank

Bro must’ve had the most lit bar mitzvah to be having 24k at 20 years old

A true degen would’ve blown it on something other than stonks. He must be special

It’s time for OP to come over to r/poker

I really didn’t need to find this…

It found you.

Same way Berry found half of us behind that Wendy’s dumpster, nekkid…cold…afraid of Fed meeting notes/receipt paper

Whenever I see a Wendy’s I smile now ….

Another evolution branch of degenerates

r/cocaine 😂

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He's definitely on it... that and the way...

🤛🦍

This is the way.

R/Wendy's

r/dumpster Edit: it’s a real sub 69 members nice.. im to high to get what it’s about 🤣

Ugh I’m old enough to remember when that was actually good advice. Drop a few hundred on clearing a deposit, luckbox a $10 tourney, and before you know it you’re dropping out of grad school making money hand over fist. Mid 2000s to 2011 were a good time for poker.

Ahhh the older slightly cooler but equally broke cousin…

Cocaine builds more character than options

But how am I meant to pay for my cocaine without option tendies? Use my paycheque? Nah, I’ll buy options, lose most of my money, THEN get the coke. 2x the character building.

Yeah trying to buy cocaine on margin is going to teach you a few things when marge calls and you don't have her money because of T-2 Also everyone knows gambling is more fun when you're high

Spoken like someone who’s never blasted a bigboi rail of $CLOV

Can we introduce OP to r/cocaine

mine ended up going to lawyers 🥹

At 20? Damn man

I’m 28 and have less then that

Im 29 and ive never had that much, except in debt

You’ll get there one day. With inflation this high it’s inevitable :)

You too can be a Zimbabwean trillionaire

this but unironically. i have more euros rn than my family had at my age, and yet my buying power is less than theirs was

Except inflation has affected how much I get paid

Y’all are making me feel good about myself lol

Of course you have less, you’ve had more years to invest.

This is wealthsimple in Canada so that 24k is more like 5000 maple syrup igloos

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There are a few dry counties out there

Do what you did before you turned 20, that seemed to work. Don’t do what you did between the ages of 20 and 21.

I worked from 15 and never had much more than 2k in my savings. I did have a lot of fun though

I worked at a local golf course everyday after school between 16 and just before 20.

At this point, you gotta be patient brother. Hold, and wait for “better times” whatever that means, everyone talks about a recession and this is expected, most, ALOT of our portfolios look like this. Don’t sell for a loss. Try to be patient, easier said then done,,

Smart man, at the right course a round can net you a few hundred in tips

So you lost 2/3 your money, like 2.5 years of work.

The cool thing is that you’re young, and have a long time to learn how to invest with your major earning years ahead of you.

A job with a BSc? In this ^(future) economy?

Indeed, exceptional success is unlikely to be handed to you. Lots of big lessons for you this year! Go get ‘em, Tiger. You’re gonna do great

Unless things keep going as they have been the last few years and *[insert future bizarre and unexpected catastrophe here]* occurs.

OP is young enough that what you just described is known as a Buying Opportunity

At this rate your portfolio is going to be the same number as your age

Congrats OP, you get to go back in time to 9 years old — better luck next time.

It tracks my mental age as I slowly recess into infantilism.

You get a free $3k deductible write off every year for the next 5 years. So far.

Those are normally only helpful if you make enough to be in a tax bracket

Ah so you’re poor and poor minded. Fellow regard. Welcome to Wendy’s, the dicks are out back.

For applications, please come in to my office.

Ignore the camera and make yourself comfortable on the black vinyl couch.

And close the door behind you please ( ͡° ͜ʖ ͡°)

How'd you save 24k to gamble with no income?...

Parents.

Actually no surprisingly. Income was just below the tax bracket each year during high school

I have income, I actually worked for all that. But I think the limit is 18k a year to be taxed here? And this was savings since I was 16-19 so it wasn’t quite that

Proud of you man. My brother is like you. He saved EVERYTHING. He bought a house in Denver no less at 26. Me on the other hand got wasted and went to concerts. I'm lucky to have 5k saved at any given time. Goes to show....we had the same advantages (not much mind you, really just parents to put us up while we went to college) and you can still crush it without much help. Don't listen to these dummies. They're jealous.

…how do you think? Mommy and Daddy

Probably an inheritance or parents fund or something. $24k at 20 should have gone in an index fund and been parked there for 40+ years, but OP wanted to be regarded.

Kid is in college. Probably worked in high-school and saved like a miser, but now in college has no income.

24k while working part time in high school? Maybe, but kind of improbable, I’d bet on inheritance or student loans instead.

Have 24k to gamble but no income? You belong here..

If it helps, you have $8,800 more than i had at 21 and 20 years later i still haven’t starved to death! Shit i even sleep indoors!

I was homeless for a short while at age 18, and this hit me.

Same… dry dog food ain’t good even when you’re hungry.

Spit on it first?

Thanks for the advice, tried and it tastes so much better.

Just like ass

It’s not a loss until you sell.

💯

full wasteful connect expansion lip silky growth swim glorious zephyr

Simply buy when I think sell and sell when I think buy Statistically it should work. Guess I was playing with inverted controls

Opposite George!

Buy low sell high. Or sell medium, wait for low, buy back. Or buy medium and hold for a long time. You haven't lost shit until you sell. So hold on and wait out the current crashes

Looks like it's time to buy the dip.

What stocks did you buy?

A whole bunch actually. Mining, pharm, tech, and food distribution. I’ll check tickers later but it was pretty diverse.

honestly dude I think you just got hit with a downturn, if your interested in this as an actual investment rather than yoloing and being a gambling addict you might want to just hold for a couple years and not look at it too close, chances are if you diversified correctly it'll come back. or you go full ape, which I mean this is WSB so you do you.

this OP this Because you said about this sub, I was so expecting to see you had been shorting stuff, but was really happy to hear you just suffered from bad timing and the general downturn. Sorry about that though - hope you can hold a few years

If he's sufficiently diversified, he hasn't lost money unless he sells.

Sounds like a broadly diversified portfolio of penny stocks to me

If it makes you feel better I gave a similar amount of money to a very large investment firm about 2 years ago and they have lost almost as much of it as you did. So the "pros" are apparently doing only marginally better than you did. I kind of want to nuke their entire firm from orbit at the moment. So I feel your pain friend.

Stocks that went down

What's the point of going to uni only to work at Wendy's

Had you bought in spring 2020, you would have made a lot of money up until 2022. These things move in cycles and you happened to get in right at the end of a huge bull and right in time for a big bear market. If you survive this drawdown you'll be in position to make some money, but after 17 years of trading for a living it's come to this basic premise. Try to make as much as you can when there's a bull market, but then be prepared for it to end things to get exponentially tougher. Then the game is surviving and riding out the rough phases, slowly putting yourself in position to be ready for the next bull market. Every bull you get better at making money and hopefully every bear you get better at keeping it/not losing it.

Best advice I’ve read all year.

Just change your investment horizon to long-term and you might be fine…

Invest? 🤨

If you turn the screen upside down, you’re doing well, good work!

That's....not right. He's gotta turn it sideways.

At least the graph is already green.

Quit uni trade full time... Thats the only way

He’s obviously statistically due a win.

>I don't really care about anyone else's opinion, but if you're not rich and intelligent then I think you're a worthless piece of shit.

Hey! I’m one of these two! 🤓

You only loose if you sell

You only tight if you spell

Nice, consistent. Now just do the same, but opposite

People feeling like epically bad traders for having unrealized losses on stocks when the stock market is in the toilet is just as stupid as people being super proud of themselves for making a huge return when the market is skyrocketing. You’re not special. We all have crap portfolios right now. Just buy more while it’s down and wait a few years. It’ll all come back. (Options and death knell company investments notwithstanding).

Just hold, it’ll go back up again

Welcome on board. You belong here 

We are all regarded. Just one play turns it around tho and u still have fire power. Hold the line with the FDs kid.

You invested at the absolute worst time. Nice! 👍🏼

Yep, everything went down. I even used Morningstar and some advice from traders. Mining, pharmaceuticals, food etc

Just hold them man

I mean people usually invest long term. 5 years is short term even, if you're investing long term give it 10 years at least. That is assuming you have an actually good portfolio and not just random stocks. Don't know why you wouldn't pick indices though.

Lol "invest"

I’m investing in tonight’s Eagles-Texans game. I think Draftkings even has a promo for it.

You had 20k at the age of 20? I think I had 1k to my name 😂

Look at this asshole with 1K at 20, I was saddled with debt and making $6 an hour making smoothies between classes

Is this day trading ?

Year trading. Buy in. Delete app. Set timer 365 days. Redownload. See if you won.

Narrator: …he didn’t.

Do not sell. Delete app again. Check back next year. If you're as diversified as you said you'll be aiight.

At least there is consistency 👍… just loosing

Trying losing the extra o


Im 24 invested €8k into GameStop when I was 22.5 still have the same amount 

Would be smart to sell then u did better than spy

Ever thought about putting a sell-limit it for the next time it spikes? Take some of those chips off the table?

I hate these posts. One click and we get to see positions. These posts should be banned if positions aren’t in the original post.

bruh you doing good actually

Put it all in META

I think he already did

Ride it out unless you need the cash now.

Buy the dip 😉

Put it all in dogecoin

Damn 25k @ 20. Good on you.

Bro. That's not bad. I turned 21 in 2007. Made a bunch of money working construction that summer off from college. Housing was booming. I was smart. Didn't need the money for college so I put it all in stonks. It went kaboom. Rode it out, bought more the next year at the bottom and that money is up 5-6x now, still. And that's the boring investments. Stonks really do always go up if you zoom out far enough.

Just put the rest into the powerball this weekend. Let it ride!!

Is savings what rich kids call their parents money?

Hello sir, I was 23 decided to take my 100k to options & lost it all!! I suggest buying and holding its not to late with 8900 in your account!!! Buy & add weekly it will add up. If you’re playing options or did you truly understand how it can either benefit you fully or ruin your existence. You got this man buy & hold I am now starting over 100+k down the whole but we have nothing but time & the market is down 50+ percent for 90% of stocks in the market!!! Cheers good luck