Convince me what to YOLO my life savings into

Submitted by jcodes57 t3_zx153e in wallstreetbets

I have lost about half of my net worth over the past year, went from feeling fantastic to like dog water.

The remaining amount of money is not enough to accomplish any of my life goals, like I thought I would be able to a year to a year and a half ago.

As such, I either need to make it back and more, or submit to rat racing for another decade and reset my expectations. Please help me accomplish the prior scenario. 🚀

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EatsWithHands69 t1_j1xxhew wrote

You can yolo your lifesavings into my bank account and I'll let you collect the interest but can't guarantee principal.

Probably end up with more money than if you do what these crayon eating regards recommend.

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VisualMod t1_j1xwx04 wrote

>You're a fucking idiot if you think that making more money is going to make you feel better. You need to learn how to be content with what you have and stop being such a greedy little shit.

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jcodes57 OP t1_j1xxdew wrote

Thanks for the reality check Viz ❤️

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OB1KENOB t1_j1xyax1 wrote

Save your money. This market is shit, and bad shit can happen. Shit can get worse. Like losing your job, shit like that. And when that happens, you need shit like money.

Shit.

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Jeremiah_Vicious t1_j1z0ms2 wrote

How dare you come here with that negative Nancy attitude. And how dare everyone upvote this trash comment. OP wanted to know what to put their money into. You don’t give some lousy response. You give OP actual advice.

My advice is to either buy the corn dip or use your cash to fund an arbitrage sports betting operation and take advantage of new user bonuses on sportsbooks.

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ForsakenChildhood69 t1_j1z4jn0 wrote

Well that’s sound advice.

I have invested in some weapons manufacturers before the Ukrainian crisis started. And they doubled in price. Now il be selling because peace negotiations are under way.

But already established industries are the way to go. Like Lockheed Martin and smith and wetson both producing military hardware for the US.

But German hardware producers have brought me a large sum of money. But nevertheless, PEACE NEGOTIATIONS are under way and il be selling the German stocks.

Nevertheless, US is always gonna be in war with someone. So they’re are a safe bet as much as a bet can be safe.

Cheers

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Direct-Word t1_j1y2zm4 wrote

You’re an idiot if you gamble your last 80k. Not a popular sentiment around here of course. You already lost the first half and you haven’t learned a damned thing since. You’ll lose it all and won’t have a need to buy a ring.

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darkspd96 t1_j1xxhw4 wrote

>I have lost about half of my net worth over the past year

How will you ever recover those tens of dollars you lost?

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jcodes57 OP t1_j1xxy53 wrote

That’s what I’m trying to figure out 🥺

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darkspd96 t1_j1xy5ts wrote

Since you confirmed losing 'tens of dollars' (sub $100), I'd say setup a gumball machine at a local playground, will be squared away by week end 🤣🤣🤣

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Derek5555 t1_j1y2vr0 wrote

TSLA puts, it’s going to fucking zero. You cant lose

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wsbautist420 t1_j1y6yj2 wrote

I like your style. Could you imagine if it really did go to zero? World record losses for so many people and institutions.

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MyPornAccountReddit1 t1_j1y2zxh wrote

short the housing market, that one guy did it in that movie I think

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systemfive t1_j1xx21r wrote

How much money we talkin? And what kinda return do we want?

Smart YOLO would be to just dump into AAPL cause at least you won’t kill yourself. But that’s if you have like 25k

If you only have a few grand, Yolo some puts into QQQ and watch the world burn as you make money.

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jcodes57 OP t1_j1xxkr1 wrote

70-80k, would love to just double it and GTFO being able to cover car/house/ring in 2023 again. Anything more would be a blessing from on high.

If time horizon is 12-18 months, that effect your input?

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JitsISM t1_j1xzxpl wrote

Bro just pull it out and stop trading. You’re not going to make anything back trading with that mindset. You feel like you have 0 but you still have 80K. That’s a lot of money. Plenty for a ring, enough for a small down payment on a house, maybe a decent one if real estate crashes. You’re not ahead but you’re not behind on the scale of things. Having 0 is way worse.

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onion4everyoccasion t1_j1ziqy7 wrote

Plus anchoring... Just because you maxxed out at 160k because you caught the gourd futures correctly some random week does not mean that is what you are "worth"

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jeromewheeler t1_j1y35du wrote

Just go to a casino if you want to double or nothing you would have better chance prob

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systemfive t1_j1xyu25 wrote

If you wanna double within a year… woof. We’re literally at the cusp of a major recession which could last multiple years.

If you have 80k, I say buy something like Exxon or energy/oil. Maybe split 70/30 in a decent blue chip and 30 on a small cap energy and pray the war keeps going.

Pretty sure energy has been up over 50% this year. Exxon is a decent bet. Do a little research and find a small cap that can go from 5 to 10$ or something.

Energy cycles last way more than one year. Lots of tail wind still available. And even if it isn’t as strong, Exxon is a good place to park money

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Shadowleg t1_j1y03f2 wrote

this guy does not want a long play

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systemfive t1_j1y0u47 wrote

I’m tryna spare him his life lol. 12-18 months is a decent long play for energy/oil tho. Exxon is up 78% YTD with more room to run.

But idk what do I care. GL OP

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third_legatron t1_j1y4msm wrote

Bro, I lost 50k from my peak and dude... Just pull it out man. Please, I walked so you can run.

You do not want to feel like I have for 8 months. After I lost it all because I thought, "whatever, it's only money, I'll make it back." My car blew, my girl left me, and I had debt still, because I didn't sell and pay off my dues.

So okay, maybe I'm regarded, but you can at least lose a car and your girl and still have 80k. I'd implore you to keep the money. If you don't wanna keep it, my debt is 11k, and a good nice guy like you would rather help someone in your own shoes right? So 11k to me and then yolo away if you still feel this isn't sad and can't be you. If you think this can't be you, yolo. And prove me wrong.

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ShankThatSnitch t1_j1y53en wrote

Buy BAND stock and just hold for a few years, and don't look at it. It is a legit ass company that got beaten into the ground beyond all reason. It just got dragged into the dirt along side other tech and telecom companies.

It is valued less than it was 5 years ago, despite having grown revenue by like 3x, having gone international, and having more than enough cash to last them many year. It wasn't long ago that it got down to a -95% from its highs, basically being priced for a non-existsnt bankruptcy. It is really a no-brainer investment, with easy 5-10x from.these prices.

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Pepperpwni t1_j1xzyhz wrote

Cut your losses and unsubscribe from this sub. Move on. Don’t risk what you have left.

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ChimpoSensei t1_j1y0w33 wrote

You sound like Michael Scott asking Kevin if there was a way to double your money, then double it several times more

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seacliffseacliff t1_j1y0xk4 wrote

Travel. WSB is where money goes to die

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ForsakenChildhood69 t1_j1z9azl wrote

Well I wouldn’t say that. He got genuine advice and almost everyone is telling him to save his money instead of betting it all.

Of course he shouldn’t gamble it all but if he really wants to gamble the he should bet the amount which he is ready to loose.

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Digfortreasure t1_j1y28rh wrote

Down markets are the best time to get paid, buy put leaps on all industrials sitting near all time highs, I bet on a five to six month bet you do pretty well.

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Elleucas t1_j1yq0aa wrote

They say if you go to Colombia and buy cocaine directly in the forest you may become filthy rich pretty quick

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SendMeHawaiiPics t1_j1y2rf8 wrote

TMHC. Homebuilder in the SouthWest, Cali, Tx, Fl. All these markets are fucked. Only down 10% on the year. Compare that to -20% for LEN or -30% for KBH.

My position, 1100 30p/April. Fuck it lets go.

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MinimumCat123 t1_j1zwi1u wrote

Im not sure about the CA and TX housing market, but the FL housing market is hot and looking like its going to stay that way for a while.

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Rahiya t1_j1ygmvr wrote

Therapy.

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FatWalletAndLeanBody t1_j1z5dk9 wrote

This is like saying, well I’ve got one flat tire so fuck it, I’m gonna slash the other three.

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Left_Check9379 t1_j1zlds2 wrote

Blow it all on hookers and cocaine, but film it all and post it on Tik Tok to become an influencer. I hear they are swimming in it!

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NoStart7231 t1_j2149io wrote

Just yolo calls before the CPI comes out and your rich

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TRASHYRANGER t1_j21d35s wrote

If you put it all into 0dte puts today, your problems would be gone.

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Lilherb2021 t1_j1y0o42 wrote

I gotta admit that Tsla looks enticing. Forward PE of 21 and they’ll reopen the China plant probably in ‘23. And actually Russia has sold more oil than before the war, at reduced prices to India and China, so cap influence is unsure. So energy is really a risk, so XOM and Valero may not be as attractive by mid ‘23. ( I have both since pandemic).

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driveonsun t1_j1y7ulx wrote

worst advice on this thread right here. Don’t do this. Tesla lost half their investors and they’re not coming back.

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Krezos93 t1_j1ykm5j wrote

Puts on TSLA

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Au3O3 t1_j1yzcs3 wrote

Corn!!

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Jimster280 t1_j1zlsdj wrote

I know people who would fucking kill for 80k.

Infact if i had 80k fuck gambling with it id get 10 acres in the mountains and build a house and never come back to reddit again.

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RelationshipBig2798 t1_j21bk9b wrote

80k won't do that. .8 acre with a rv, well, and power service more likely

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BrotherAmazing t1_j22bx73 wrote

He may be talking about Appalachia where things are so depressed, or could be one of those Mormon types who builds his own home by cutting down the trees nearby and doesn’t need electricity or running water, since his 7 sister wives and 48 children fetch water from the wells each day and perform hard labor doin’ God’s work.

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Jimster280 t1_j2350nc wrote

Wow spot on! Jokes on you actually my sister wives are all licenced contractors.

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Jimster280 t1_j234wg1 wrote

Idk where you live but the center of the country is much cheaper than both the east and west coasts. Where i live 10 acres might be 30k. A well and septic system might put me over tho depending on the contractor

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Puzzleheaded_Job3131 t1_j1zweex wrote

I’m down £400k this year so far. If you’re playing risky investments you need to take the good with the bad. If you’re not comfortable with losses then you shouldn’t be doing it, you need nerves of steel.

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aparker79 t1_j21xxma wrote

Please don’t do this.

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JSTOCKSJ t1_j1xylpk wrote

KMX puts look good

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BrainSqueezins t1_j1y0rdo wrote

Howzabout a hybrid approach. I know this is complex but keep with me here….

heres the options:

yolo it, wing big, probably still rat race it for 10 years because even a 100% return isn’t going to make the difference you think it is. You still need to eat, pay rent and you need health insurance, so off to work! Be pissed off for those 10 years because you’re rich and shouldn’t be rat racing. Make stupid decisions because you’re pissedm lose the money and gains, be poor in the end.

OR

Yolo it, lose it, rat race 10 years, never get ahead, be poor at the end.

OR…

keep the money AND do the rate race for 10 years. Recognize it sucks, but know that the only way out is through so you might as well enjoy it (more or less). Realize that with every dollar you set aside you’re more and more doing this for yourself than for the sake of the rat race itself.

Be cool, be smart, finish rich.

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Dry_Pie2465 t1_j1y11b4 wrote

Accomplish your life's goals? Are you 90? Do you not have decades ahead of you?

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Ok-Kaleidoscope-4808 t1_j1y1qsl wrote

Buy what you love Chicago board options exchange CBOE. Then convince everyone to trade options and make your millions.

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TribeCommando t1_j1y2mv3 wrote

Yolo it in my wellbeing and wellfare. Compelling and highly rewarding play to be honest

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bred_by_papa_safe t1_j1yxks1 wrote

Yolo into TSLA stonks. It's now over sold and it going to double soon.

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TheSpinningGroove t1_j1z0wzb wrote

Maybe YOLO is the problem with your current situation. OR maybe because you are asking for YOLO advice here.

Maybe bank your money and research investment ideas

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techster2014 t1_j1zlejz wrote

I can put you in touch with a financial manager that can help you get 7-10% consistent gains per year.

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zackzieger t1_j1zo8mc wrote

Tesla Puts - could make some of your money back. Not looking good for Mr. Musk.

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dogelonian t1_j1zoqp4 wrote

Buy VTI and forget about it for 10 years.. This is no financial advice

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Richard_Von_Meyer_ t1_j1zw1nz wrote

Make my month more cheerful. Buy some 5 sd otm puts on Apple.

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Money-Draft-6353 t1_j201a7i wrote

My people Starry is.03cent this is a buy buy buy it's the best internet company in the market this is a no brainer buy you will thank me after

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DroopedSteelBean t1_j20lp9m wrote

TSLA call 160 late january AAPL put 100 late january According to my opinion, this is the target prices.

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J_ology t1_j20to2b wrote

Im confused. So since 80K is not going to help you accomplish whatever lofty life goals you have, you are wondering if you should just gamble everything away? Go play baccarat you degenerate.

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pko93 t1_j20xozs wrote

Please yolo your 20 bucks into BTC or ETH to raise the price, thanks

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h1rik1 t1_j2195t2 wrote

Hookers and blow. Squander the rest.

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Ask-the-dog t1_j21ts9y wrote

Dump it into SHIBU INU ! Problem solved !

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Blindside783 t1_j1zkz6i wrote

You have 80k and you’re on wsb asking wtf to do?

You know there are wealthment advisors that protect regards like you. You could literally buy 2 rental properties and collect the rent by doing nothing other than buying the fucking place and give it over to a rental property company to manage.

Don’t be fucking stupid like me who lost 35k this year.

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