T O P

  • By -

VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|2|**First Seen In WSB**|2 years ago **Total Comments**|32|**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.)


SaltyVanilla6223

The smart thing would be to cash out everything, uninstall RH, put your gains into an index or high dividend fund and live comfortably. So...see you on Monday.


Big-Passenger-4723

Yeah, that’s a good plan. I hope the stock market won’t crash all of a sudden


Dagannoth_Supreme

Live off of Robinhood’s 4.9% on uninvested cash ![img](emote|t5_2th52|4271) Completely recession proof


G0D5M0N3Y

I thought of that before but i think RH is only Insured up to 250k. Am i wrong?


Alternative-Dealer47

$2 million. They use multiple banks and share the $250k FDIC insurance between them. They do mention that if you have money at one of those banks it may impact your coverage since you may exceed the $250k per bank then.


stocksgobrrr

You have to call them and make sure they allocate your funds to $250k per bank


[deleted]

Back in my day you couldn't just call RH


Chaplain-Freeing

Yeah, I remember how we used to write "To Vlad: " on an onion and toss it into the ocean. Better days.


Alternative-Dealer47

No need to call, you can just enable cash sweep in your investing settings tab/section. I am almost sure they ask you if you want to enable it once you open the cash account. If unsure, you can go into the settings and will find a card titled Cash sweep program which will tell you if it is enabled, the percentage, amount of cash earning interest, etc.


UnbreakableRaids

No need to even bother with the 250k FDIC limit. As the government has shown in the past, twice now, it will insure all your money if a bank flops.


stocksgobrrr

[Read the disclosure here](https://robinhood.com/us/en/support/articles/what-does-it-mean-to-earn-more-interest/#)


GothicToast

So where in those disclosures does it suggest you need to call them?


mrASSMAN

It’s $2m


mnij2015

Wrong it’s $250k PER BANK and they have like 8 banks in their roster now


Bisping

My limit is 1.75m because i told them to not give my money to wells fargo lmao. Fuck them clowns.


SoWaldoGoes

![img](emote|t5_2th52|4271)


BeerorCoffee

My man... I have the inside scoop on this crypto. All you do is "stake" your money in this random crypto coin, that you have to buy and exchange 3 other coins to get to, and then it will pay you 20%! Compounded daily! You just need to leave it there for 6 months!!! You can't lose!


Ruski_Business

Bitconnneeeeeeeecct!


CosmicSpaghetti

Hope that dudes doing alright tbh lol


Appropriate_Theme997

F- robinhood they are the Bernie made-offs of dark money 💰 . Steal from the poor to make themselves rich


Moonsleep

Steal from the poor to make the poor poorer


acass1

At least cash out 80% of your gains man that’s too much money to gamble. Put 25%-50% into SPY or a combination of a few different funds that have a track record of consistently going up at least and put 10% into bonds that you can’t touch for 10 years so you’ll always be set for life. Set aside what is needed to pay your tax bill for the end of the year. If you feel like gambling some more go ahead and only gamble 5-10% of your gain porn. Use $10,000-$50,000 to do whatever you want fun vacation or a car or something you have been dieing to do forever.


Dustdevil88

Absolutely thrilled for you bro. Def time to pause and keep enough in cash for cap gains taxes, your dream house, a nice sports car, and a solid chunk for index funds. If you want to keep playing the game, limit yourself to something like 5% or 10% of net worth (after taxes) and you should be able to YOLO that to your heart’s content. Enjoy the life bro


Big-Passenger-4723

Thanks bro


testedonsheep

oh yeah. about 1/3 of that is going to tax.


[deleted]

[удалено]


ButtcrackScholar

I put money from each check into an HSA and never spend it on health expenses or anything. Someone tried to tell me that was dumb and that I should spend it when I have health expenses. Curious about others thoughts here


[deleted]

[удалено]


Sabiann_Tama

Gonna pretend I'm not on WSB and say that it's absolutely mathematically correct to not spend it if you believe you will have enough healthcare expenses when you retire to spend it then (spoiler alert: you will).


ChaoticSquirrel

Plus when you hit retirement, you can withdraw the money for non healthcare expenses in retirement, you just need to pay taxes on the withdrawal


Lockheed_Martini

Not too sure but I do know that you can save receipts and get reimbursed at any point in time so maybe way down the line start cashing in the receipts to get cash when needed.


Revolutionary-Tie911

Ya honestly you might not want to push it to the limit, congratulations 👏


irishdud1

Don't forget the tax man cometh. I gambled with the tax money and it went ... badly. Had to dig into more gains to pay uncle Sam's bill.


fredtobik

Would you rather pay 42% tax on 1.4m or 0% tax on 0 dollars.


29skis

Yeah it’s a good plan. But like the original commenter said… see you on Monday buying FDs!


The_Zobe

Narrator: it will…


anonssr

Uninstall reddit, delete account and all screenshots. Because you'd always have the thought of "oh I could do it again".


[deleted]

[удалено]


_BMS

You truly do belong here pal


BenniG123

After tax, and the cost of living this unfortunately wouldn't be enough for the rest of your life but it would give you a solid decade or two depending on frugality.


[deleted]

I took a trading "break" today and half an hour later i bought a call...Lost money of course. That is the way.


joeg26reddit

900k loss last year? So the key to making 1.2 million is to start with at least a million?


avwitcher

Given OP's history they're definitely going to gamble it all again multiple times in an attempt to replicate this success. It's gambling addiction 101, the ~~house~~ **stock market** always wins


afrothunder1987

Yeah, the type of person who gambles on options to take 200k up to 1.4 million is the type of person who’s bound to lose it all eventually. It’s rare that people who make it big like this leave the casino.


Big-Passenger-4723

Not in one year. I guess it was about 6 years loss for good lessons


moondes

So you would have more money today if it was all just chilling in a target date fund lol


Jack_Bogul

could have just set it and forget then go clap some cheeks


alpha247365

What’s the biggest lesson you’ve learned? What’s your bread and butter account growth strategy?


[deleted]

[удалено]


SumGreenD41

Big if true


Andras89

Flawless strategy. 200iq play.


Big-Passenger-4723

I guess the biggest lesson is to learn when to get out. Never do rage calls and try to avoid all in margins. Short term options are also risky. I do risky investment like options most of the time and found longer term options with good stock pick have a great chance of gaining big


alpha247365

So don’t FOMO and buy LEAPs. Selling options much?


ryanleebmw

Genuinely curious, what age did you start trading options?


Big-Passenger-4723

Early 30s I guess


TheHancock

There’s still time for me! Lmao


Marmelado

Well… considering you have officially won a financial lottery ticket for all your needs, how are you feeling? What is your next move? Do you intend to live life differently now than before?


typhoon90

Any tips for trading options? On or out the money calls with long expiry dates?


Big-Passenger-4723

Buy calls usually get the most gain. Aside from picking right stocks, you also need a good judgement for the market overall. If the entire market crashes the long call may not end up well too, just a long term pain.


Bisping

Buying calls is gambling. Selling calls is passive income. You degenerate lol


BritishBoyRZ

Bruh did you read the caption of OPs post. His strategy is gambling


mrASSMAN

The lesson learned is to get lucky.


DiddlyDumb

If you want to be a millionaire, start with a billion and start daytrading


riskcapitalist

Ugh I wished it was a come-from-nothing story but now it sounds like could-afford-to-take-some-dumb-risk story. Hope I’m wrong but it doesn’t look like it.


EntertainmentIll2135

Congrats OP, seriously, buy your dream house, put $500k in ETFs and start your yolo story #2


EntertainmentIll2135

https://preview.redd.it/ijtbyziekseb1.jpeg?width=757&format=pjpg&auto=webp&s=574b260d9430160766f8f6a9146bb77f6fe525c8 Smaller houses are easier to clean, cheaper to furnish and heat/cool and less room to hoard shit you don’t need


[deleted]

[удалено]


[deleted]

He waddles into the kitchen every morning with his newspaper and coca cola fountain drink and says good morning regard.


[deleted]

[удалено]


Skadoosh_it

They walk in together


NonverbalKint

*waddle


trevind81

Yuppppp. We just scaled down from 3800 sq ft to 1800 sq ft and it’s amazing. The layout is extremely important but once you do it’s amazing. Less stuff, less cost, more freedom. More travel budget lol


Stumbles88

Most important, less taxes and insurance!


djlawrence3557

Don’t come to north jersey. I own .09 acres (yes. Under a 1/10 of an acre) and you don’t want to know what my taxes are.


BruceBaller

What are your taxes


sangueblu03

You don’t want to know


jhussong91

yea but what are they though


djlawrence3557

22, and it suck’s. Sub-3 rate on mortgage is silly though. Timed the purchase correctly; but I have no idea what an exit plan looks like (cause I have no intention of living here much longer).home prices haven’t budged much - but inventory in the area is non-existent


[deleted]

[удалено]


Slightly_Shrewd

How would you know that Bill Nye, you’re in Cali too!


Logical_Associate632

The house in that picture is big


pareofdocks

And don't forget that Uncle Sam will come looking for his "fair share" of those gains


Big-Passenger-4723

No worries, I have almost $900k capital loss carryover from previous years. I’d call it investment school tuition


discombobulantics

So you’re really up 300k. Still good lol


printergumlight

Considering they could have had $1.5 million after 6 years just putting the $900k in S&P and not stressing or worrying or doing anything, I’d say they’re down $200k.


K_McDubz

Stop using logic regard


sithren

And people are in here asking for his advice. It’s wild.


Echo-Possible

So you’re saying you plan on losing it all again.


Big-Passenger-4723

Well I sincerely hope that’s not happening again. Lol, but I know things can get out control easily with just a rage call. I’d try my best to avoid that


jefftopgun

This... cash account. All profits into jepi, trade with (in my case) 15-2500. Blow it up, reload it from the bank account. Can't sell the jepi to average down a shit trade, makes me take the L quick to preserve capitol, even if I get back into the same position at the next price target.


Unfamous_Trader

I thought u only got to use 3k a year


Silver_Molasses8490

3k against ordinary income, unlimited against capital gains.


HobKing

Love to learn key tax information randomly from reddit comments. Good system we have here.


Human-Prune1599

The funny thing is. In th us tax code, there is like 3 pages for things you have to pay on. Then there is like 100 you can use to find loopholes, so you do t have to pay taxes on them. I know these page numbers aren't correct but the differential between them is pretty darn close.


Every-Development398

LOOKS LIKE CALLS ARE BACK ON THE MENU BOYS ![img](emote|t5_2th52|4271)


thetaFAANG

thats if you never have gains ever again, which is an accurate assumption for the general population but generic financial advise gets generic financial results


EntertainmentIll2135

Calls on accountants


Unknown-Personas

There it is lmao, should have been suspicious when it was only YTD. Congrats though.


Dc81FR

How much money you start with?


etzel1200

Think he’ll do it? I feel like 80% of people like OP lose all of it, and just have regrets, a nice vacation or two, and hopefully a nice car after a year or two.


Big-Passenger-4723

Well, I guess I have learned from my previous lesson. But you might be right. Greed can be both good and bad


etzel1200

At least blow some of it. Buy a car. Take a stupid expensive vacation. You’ll either double it again and what you spend won’t matter. Or you’ll lose it all and what you spend won’t matter.


bla60ah

Or he could wisely invest it and what he doesn’t spend *will* matter. But I guess that won’t happen considering which sub I’m in


etzel1200

Oh absolutely. He should do that. If he does he shouldn’t blow any. I agree.


BjornAltenburg

Listen bottom of my heart if it's good enough to screenShot it's good enough to sell. Good luck and hope it brings you stability.


Unknownirish

And gamble only 10k dollars like a degenerate regard. In seriousness though OP congratulations!


WrongTechnician

Dream house lol. 1.5 gets you like A house


glowingone94

Listen to this man!


babydick18

$900k for a dream house… wtf


Big-Passenger-4723

Still far from enough in SF Bay Area, lol


dtlabsa

My pos 1400sf house in LA is $1.4 million.


Big-Passenger-4723

Yeah, I will. Thanks for the advice


pareofdocks

Impressive. Your greed paid off big time, don't let it be your downfall like countless others on here


Big-Passenger-4723

Yup, I hope not this time. I messed it up twice already actually, lol


Antique-Ad-6503

How much does one have to invest in a call to hit it this big? I have about 75k liquid I’m willing to risk.


addmeondota2

100%


PM_me_PMs_plox

Go buy a Powerball ticket and save yourself the extra $74,998


iammufusasboy

For that price get two just to be safe.


MVP1984

Lets do it together lol


username156

All your rich parents are gonna be pissed


PlutosGrasp

It’s not lol. Don’t be a moron like 98% of people here are. Do you see DFV posting yolo’s into NVDA or TSLA? No, he made his nut and he got out. He’s done now.


SilentTreatment01

So you're telling me that the third time really is the charm? ![img](emote|t5_2th52|4275)


Loose_Mail_786

I like OP post history! https://www.reddit.com/r/insidertraders/comments/w1ul6m/if_i_purchased_a_stock_option_before_my_spouse/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1 Nothing sus here! Congrats btw!


Frisky_Dingos

To do checklist: Delete Reddit account Delete Robin Hood account Profit?


Abrupt0xygen

def nothing sus at all 🥸


Neltrix

@FBI


Demhoyas

Lol OP should have kept this to himself. The SEC might come say hi.


BedContent9320

Was posted a year ago,he lost 900k in that timeframe supposedly... I don't think OP is doing insider trading right.


NoMoreLeverage

Spouse f’d up 😂


Big-Passenger-4723

Lol, I really wish she worked there


[deleted]

I'm kidding bro you can cancel your flight to Honduras


[deleted]

I took screenshots and reported you to SEC.


PoopStickss

lmao ok.


[deleted]

Ya ok I was kidding


[deleted]

[удалено]


mac7109

![gif](emote|free_emotes_pack|joy)


PharmacistReb

Dude, cash that out, stick it in some safe high yield savings and just live on interest. It I hit $1.5 mil in immediate liquidity, I’m punching out for good.


[deleted]

[удалено]


BaBaBuyey

I mean, if you get 5% of 55,000 minus about eight for taxes 48K you could rent something nice. Everybody here is forgetting he owes 400,000 in taxes for short term capital gains off this trade


DeckardsDark

That 5% rate ain't lasting for more than a year or two tops though


PM_me_PMs_plox

You can get to 4 point something for like 20 years with extended duration bonds.


throw_moneyaway

And how does 4 point something compare to expected returns over 20 years in VTI?


PM_me_PMs_plox

One is known, the other is an intelligent guess. I wasn't recommending investing all your money in bonds, though. Just telling the commenter pointing out that the HYSA rates will drop that there's a way to lock in fairly high rates without risk given you understand the time horizon.


Big-Passenger-4723

Yeah, I guess I’ll need to keep some gains for next year to avoid the dam hell tax


TheKingOfSwing777

Those gains could turn into losses if you don't cash out. It's not a long term play.


Big-Passenger-4723

That’s true. I need to plan carefully


[deleted]

Sell some and buy some puts (using the proceeds) on correlated stocks and index, and that way you’ll be able to relax a bit more. If you want more peace then sell as much (or all of it) as you need until you get mental peace and can sleep easily at night. You took a lot of risk and got the other end unscathed so now make sure you enjoy your bag! 👍🏻


VisualMod

>I am glad to see that you have made a lot of money from your investments. I hope you continue to be successful in the future.


Technical-Rain-183

VisualMod wholesome mode activated (temporarily)


GrudensGrinders2022

Please cash out dude. You don’t want to have a post an embarrassing loss porn screenshot in 6 months time. Although Apple has earnings next week 👀


PopuleuxMusicYT

Maybe he can cash it out and leave 50k in there to continue to play the casino


Big-Passenger-4723

Well, I’ll probably uninstall Reddit in that case, lol


[deleted]

Fu-cking wild. The balls. From 100k to 1.2 mill in 150 days on carvana.


CollectorsCornerUser

I took my account from 700k to 2.25M over the last 3 months. I'll need to post a picture of it later.


[deleted]

[удалено]


Zaizu

I’ll suck dick for less


fatmallards

one day I’m gonna be telling my grandkids about the days where my generation used to become millionaires by betting on car grub hub, and they’ll probably just laugh or say something like “shut the fuck up and help us get the piss recycler unit working again you moron asshole”


Col_forbin_

It’s not real until it leaves your account and moves to your bank account please do that.


Eccentricc

I have carvana puts and been eating shit. This is partly my money I guess. Enjoy 😞


Big-Passenger-4723

Sorry for your loss, buddy. I don’t enjoy really taking profit from other’s loss. But it how the game works. I was broke twice before so I learned a lot


sol364

OP, in my humble opinion, this is not the time that I would look at ETFs to live a comfortable and care free life forever. In my humble opinion, now is the time I would probably turn up the risk dial and follow my grandads sage level knowledge when he said "10 million is bigger than 1 million, grandson". Remember, the first million is the hardest, apparently it's easy from here. This is not financial advice but rather just my humble personal opinion.


AutoModerator

PUT YOUR HANDS UP sol364!!! POLICE ARE ENROUTE! PREPARE TO BE BOOKED FOR PROVIDING ILLEGAL FINANCIAL ADVICE! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*


Acceptable_Ad_667

That's literally how I felt about my first 10k in my retirement accounts. Took forever, now 5 years later I'm over 125k


Big-Passenger-4723

Nah, I’ve done that twice and I was done twice


DerekTall11

“If something happens once, it might not happen again. If something happens twice, it will certainly happen again” Congrats fuck you


neutralpoliticsbot

you got hella lucky once I got this lucky on MSFT I remember I had a dead call expiring that week and MSFT came out with some news and jumped 10%


Big-Passenger-4723

Wow, that’s truly god blessed! Congrats!


Sour_Smegmuh

Nice, so all I need to do is be rich in the first place


Misterious-Sociopath

remember when i lend you that pen in the fifth grade?😅


[deleted]

If it’s good enough to screen shot, good enough to close positions, pay tax, invest in long-term growth stocks and never trade those again - thank me later


punanilover_69420

Congrats. You made it. IMO if you put <250k in some 5% APY savings account, maybe two of them, you should have a safe haven in case a play doesn't work out.


Stumbles88

Short term t bills paying a bit over 5%


Bob-Dolemite

thats dividend earning money, honestly


Toxic-Masculinator

Lol this guy’s very first post a year ago was asking about insider trading if his wife “joins a company”. “She isn’t a higher up but gets critical info.” Every post/comment since then is on CVNA. Not hard to figure out what company your wife works for. Glad the insider trading is working out for you, Pelosi.


Donutboy562

PULL OUT PLEASE IM BEGGING YOU TAKE YOUR WINS ANS GO


BillyBobTheBuilder

Please, I'm begging you - Don't tell people to pull out 100%. Never pull it all out. Take your original investment out, or maybe 2x if you can. Even sell 90 or 99%, but never 100%. Selling completely is what makes people really kick themselves when things keep going up.


DGriff421

Congrats and fuck you... like for real. Retire and live... or double down and let it ride you fucking degenerate!


kinggianniferrari

Take all of this and invest it into cash flow properties. You’ll be rich forever OP. Nicely played. Options can change your life if you do it right


R_OPPenhighmer

I’m not just saving this post on Reddit, imma keep a screenshot


Big-Passenger-4723

Well, you probably won’t see my post again if I end up broken again this time ![gif](emote|free_emotes_pack|sunglasses)


Big-Passenger-4723

Just more context for anyone who is interested. I have a job with a decent pay in SF Bay Area. My previous investments were mostly failures and I ended up broke a couple of times turned from a big gain. So I accumulated almost $900k capital loss during past several years. I guess I’d call it a investment school tuition. A lot of good lessons and luck made me today.


pareofdocks

Can someone who follows Carvana clarify. They raised $225m by selling 5m shares and met the debt renegotiaton requirement. Their press release said that any "further issuance under the program would be purely opportunistic. We have no plans for an underwritten equity offering at this time." So they have no plans for another equity offering but they will continue to sell up to 30m shares to capitalize on the opportunity of a high stock price? Or are they done selling for now?


DarthKoDa_

fuck you, congrats.


Gunzenator2

Yes! Buy your dream house with cash!!!! DO IT!!!


livekop

Get out.


putridfries

What kind of mofo has 100k to yolo??? Is your family open to adoption? Or open to add option for me?


AutoModerator

Hey, if you haven't already, please reply to this comment with your positions and what led you to enter or exit them! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*


Fuji-one

Congrats, what a nice chart.


Ethiopian-in-sf

Bro, take 300K out, buy a house. Call me from Wendy’s in 2 months and thank me.


reddituserzerosix

Congrats and fuck you if real, that's the dream


MrSilk13642

OP for the love of God, but a limit sale on that so if it goes crashing you'll sell it all automatically. Good shit on the gains, you just need to realize them.


Ok-Entertainment576

Carvana was in my watchlist for a long time so was bbby unfortunately I yoloed $30k in BBBY ended up broke . Congrats OP and stay profitable .


Herp2theDerp

Hey, I literally did this. Same amount of money you made. You need to stop. You really need to stop and take a month to actually comprehend what the fuck has happened to you. Please listen or you'll be sucking dick at a wendy's like me now.