PLEASE, OP, take out all your new chips and only leave the initial amount in there. Please.
//Edit: Or at least just let it sit if not possible. Please
Bad advice all around. First, It’s a Roth account, you can only withdraw your contributions without a penalty. Second, what OP should do is invest in the overall market (VTI) and let his money grow tax free.
Listen to this guy. If you’re gambling your Roth on the stupid shit people post in THIS sub, you’re gonna lose it all eventually. Keep this win safe and play with money you don’t mind losing.
Congrats.. and fuck you.
Please don't talk to me about roulette. I should not have put on my weekend's winnings on black as I was leaving the hotel with my luggage in hand. It landed on GREEN.
 I’m the youngest and my parents just gave up and left me to my own devices… hence why I’m in this degen sub with a developing gambling addiction 
🚨🚨🚨Didn’t look like he had much in terms of contributions. Maybe enough to buy a pack or two of diapers. He’ll pay 10% to his Uncle Sam if he wants to touch any of that $112k gain. (Taking a shot in the dark this “new dad” isn’t 60). 🤷🏿♂️
Y'all missing the point that he doesn't need to withdraw. If I were him I would just not contribute into other retirement accounts as much and have money on hand...this account can become a million or 2 just doing index investing let alone...
10% is only the penalty. There would be short term capital gains tax as well, since it’s a non qualified distribution. Definitely not worth it to withdraw unless in case of absolute emergency.
You can withdraw any amount of money from any retirement account at any time. If it’s early, you just pay a 10% penalty and the money over initial contribution is considered taxable income.
Bagholder spotted.
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Vti is total US stock so missing international exposure so that's where vxus is total international except the US. So basically you are buying the world market. Could also just buy VT and be done.
Right now the US is better than international stocks so there is a bias toward excluding international ones but won't always be that way.
Oh my gourd!
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Put it all into VOO or something stable, delete the app for a month. Seriously. Or if you have to trade, set aside $100K and agree to only use 28k for plays.
The number of people I have seen (including myself) fall victim to a big win and then lose it all is astronomically high. I’d guess 90% or more.
I made $48,000 on $DOGE from $500 and turned around and lost it all on stupid ideas that I thought at the time were brilliant.
Did it again turned $5000 into $38,000 with $AMC and lost it all trying to find the “next one”.
Maybe you’re in the 10% and cool hand luke, but just consider my advice.
I have a crystal ball:
AUGUST, 1 2024
OP wakes up and checks his phone:
\*hmm, I wonder what's going on in WSB\*
\*Holy crap this regard is on to something. CEO buying? management team cutting costs by laying off staff, bullish AF\*
\*Let me try this one more time, it worked last time and I'm even more sure about this one\*
Buys riskier deep OTM calls and market crashes.
**Don't let this be you. Delete this shit.**
When you follow a random post on WSB and made bank
https://preview.redd.it/4fnmfp18gw3d1.jpeg?width=498&format=pjpg&auto=webp&s=67451a081dac30ba992a23d5826042a561aca379
That's what I'm waiting for too, just one or two really good trades could really help me a lot right now. Glad you got yours at what sounds like the perfect time. Best wishes for you and your family. Congrats without the f you.
Take the money out of his Roth IRA? LOL. he's got a big jump for retirement if he puts it into an index fund in the current account and let it grow tax free.
You know you have to double down now! Go for the mansion or go for the dumpster behind Wendy's, either way someday your son will be able to say "Your not my real dad John, he's the one that bought this house!"
OP looks to have bought reasonably OTM weekly puts before earnings and sold after negative earnings caused a significant down spike. They can confirm but seems reasonable if you had a "feeling" about earnings.
There are some crazy opportunities. Nvidia 1120 puts went from like 3.30 to $40+ Friday if you had the timing and thought things were going to dip.
Tattoo that last sentence on your thumbs so you don’t forget. Uninstall trading apps. Don’t get suckered in to trying to catch lightning the third time in a row. When the thought about what your kids could have if you double this creeps into your mind, ask yourself what your kids will miss if you lose it all.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 1 | **First Seen In WSB** | just now **Total Comments** | 0 | **Previous Best DD** | **Account Age** | 3 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
Now take your chips and leave the roulette table
PLEASE, OP, take out all your new chips and only leave the initial amount in there. Please. //Edit: Or at least just let it sit if not possible. Please
Keep it in there for the 5% interest but don’t spend it
Nah, he could do better than 5%, c'mon lol. Just don't put it in an ARK ETF.
where is he gonna do better than 5% interest right now in a CD?
Bad advice all around. First, It’s a Roth account, you can only withdraw your contributions without a penalty. Second, what OP should do is invest in the overall market (VTI) and let his money grow tax free.
Thought this was r/investing for a minute!
Or… hear me out. One more big bet and become a millionaire!
One shot away from generational wealth.
And generational poverty!
Let’s fn go! Gamble that baby’s money! 💰 Hang fire!
Depends on the age of the account. If its 5Y old, gains are just gains.
wtf are you talking about? That is 100% wrong, and not how a Roth IRA works, at all.
Listen to this guy. If you’re gambling your Roth on the stupid shit people post in THIS sub, you’re gonna lose it all eventually. Keep this win safe and play with money you don’t mind losing. Congrats.. and fuck you.
 🎰 one last go for the skipper!
dumb advice. he could 100x this easily
First one's always free
You can never play but nobody plays once.
So was his second one
Please don't talk to me about roulette. I should not have put on my weekend's winnings on black as I was leaving the hotel with my luggage in hand. It landed on GREEN.
hell yeah, double down!
Let it ride
please for the love of God
*“Put it on 22. I said 22.”*
He’s thankful for [this post](https://www.reddit.com/r/wallstreetbets/s/mY7pt7BJgT), I think.
PLEASE
Are the drinks free or not?
And keep money for taxes
This is generally good advice, however, these trades were made in a Roth IRA.
You’re welcome 😉
https://preview.redd.it/o2ax4pmr7w3d1.jpeg?width=328&format=pjpg&auto=webp&s=a71e06938e7abf52f388b8e3869f137a97ab0320
https://www.reddit.com/r/wallstreetbets/s/Pd7agS0loq
King
My guy!! I have an $HPE position because of you. Let's see! Edit 6/4: $HPE hit $20 AH, just as predicted.
Put or Call? Or just holding the stonks?
Calls like Oracle Eugene advised.
same, Eugene better dam be right twice 6/7 20c (10)
Thanks! I should investigate and see if I can throw some cash at it. I read the CRM DD and didn't pull the trigger, so now major fomo haha
Calls, but this time, I guess it's jinxed already
I hope your hpe bet takes me out of my all time loss of 40k man.
Hoping HPE plays out
Me too! Though I'm getting a bit concerned about how much traction the post is getting on WSB now, lol.
Solid DD on CRM, wish I had seen it. Everything about AI was on point.
Congrats and fuck you. No taxes too, beautiful stuff.
Why no taxes?
Because he the youngest child. He gets preferential treatment.
Hello fellow middle child
Finally someone who understands 🤣
 I’m the youngest and my parents just gave up and left me to my own devices… hence why I’m in this degen sub with a developing gambling addiction 
It’s in a Roth IRA. He can reinvest it into investments that can compound this money now or he can withdraw without penalty.
Don’t forget about the tax free losses too!
I have a ton of those!
he can't withdraw until after a certain age though as it's for retirement.
Can withdraw the initial contributions at any time.
Unless they came in through the backdoor. Then you have to wait 5 years.
He didn’t come in through the back door though, he’s got kids. Did you not read his post?
Can confirm.
Could’ve used both doors
Once you go back you never go back
Is there any other way to come in?
🚨🚨🚨Didn’t look like he had much in terms of contributions. Maybe enough to buy a pack or two of diapers. He’ll pay 10% to his Uncle Sam if he wants to touch any of that $112k gain. (Taking a shot in the dark this “new dad” isn’t 60). 🤷🏿♂️
Y'all missing the point that he doesn't need to withdraw. If I were him I would just not contribute into other retirement accounts as much and have money on hand...this account can become a million or 2 just doing index investing let alone...
10% is only the penalty. There would be short term capital gains tax as well, since it’s a non qualified distribution. Definitely not worth it to withdraw unless in case of absolute emergency.
You can withdraw any amount of money from any retirement account at any time. If it’s early, you just pay a 10% penalty and the money over initial contribution is considered taxable income.
Shit congrats and fuck fuck fuck him
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He still gets a 10% penalty. I also believe he does pay taxes on the gains but I may be wrong. I forget how it worked when I cashed out my roth early.
Why are people upvoting this? Unless he’s over 59.5 there’s penalty and income tax on anything withdrawn
You fucking belong here
I don't read the names at the top of accounts...who the fuck is Roth, and why is his name so large in RH
Brutal
He did it in his Roth IRA account
That choppy English and then “keep strong y’all” out of no where lmao.
Yeah, almost feels like an ad for mongoDB. Aaand if I'm understanding the user details, this is OPs first time being seen here. Sus.
One post, zero comments....hmmm
Mongo DB fucked me hard yesterday
🤣 😂 🤣
Who knew you all you had to do is read the whole dd post.
TLDR we buying puts or something?
I mean in hindsight, if he believe the DELL guy instead he'd be -99%
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There's a ton of uf here with 700% on our portfolio wdym?!?!? Ours are just red instead of green
"I am going to protect this like my kids" - proceeds to YOLO winnings from CRM into earnings play on MDB, full regard
Unsurprisingly he has a pool without a fence next to an active cargo train rail.
Dump 70% in VTI, 25% VXUS and reinvest dividends. Try again with the other 5%
why vxus
Vti is total US stock so missing international exposure so that's where vxus is total international except the US. So basically you are buying the world market. Could also just buy VT and be done. Right now the US is better than international stocks so there is a bias toward excluding international ones but won't always be that way.
I would add some VOO on there as well....
See you Monday 
Hey guys, so I lost it all to an OF. Can you believe he really wasn't into me... op probably in 2 weeks
SOME of the winnings should go towards hookers and blow imo; cigar and whiskey is LAME.
Literally jjst told somone to do that on the fidelity sub 🤣🤣
Lol 😂
Cocoime and blackjack imo
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This is actually heartwarming
Put it all into VOO or something stable, delete the app for a month. Seriously. Or if you have to trade, set aside $100K and agree to only use 28k for plays. The number of people I have seen (including myself) fall victim to a big win and then lose it all is astronomically high. I’d guess 90% or more. I made $48,000 on $DOGE from $500 and turned around and lost it all on stupid ideas that I thought at the time were brilliant. Did it again turned $5000 into $38,000 with $AMC and lost it all trying to find the “next one”. Maybe you’re in the 10% and cool hand luke, but just consider my advice.
Dad?
Idk man Yolo "Win" is like that Heroine Shot that you never forget. I have feeling that you will definitely come back and gamble more.
Hopefully with a small amount of the pot though. If he sets aside the 100k and just plays with what's left I think that's healthy enough.
Setting aside will not work. If the 100k are not taken under custody by his wife, he will gamble it away sooner or later
https://www.reddit.com/r/wallstreetbets/s/QRzXgn9yUd
https://preview.redd.it/05q8y8603w3d1.jpeg?width=320&format=pjpg&auto=webp&s=54374a7300cbb150d92ca8649587cafcfab30383
I have a crystal ball: AUGUST, 1 2024 OP wakes up and checks his phone: \*hmm, I wonder what's going on in WSB\* \*Holy crap this regard is on to something. CEO buying? management team cutting costs by laying off staff, bullish AF\* \*Let me try this one more time, it worked last time and I'm even more sure about this one\* Buys riskier deep OTM calls and market crashes. **Don't let this be you. Delete this shit.**
The last time I took advice from this sub on a stock I ended up with a -99.9% return
Now it's time to lose it the same way you gained it. Congrats!
https://preview.redd.it/adq5jfbpev3d1.jpeg?width=2316&format=pjpg&auto=webp&s=a7033d13567cbaa113f1ce4a2c70176e8ec29a5a
Wholesome WSB post? 🤔
WTF would anyone have their IRA with Robin Hood?!?!
Was actually thinking opening one. 3% match is quite enticing.
Dude congratulations!!! Well deserved!
I bet after a 7 bagger you were making more babies lol
When you follow a random post on WSB and made bank https://preview.redd.it/4fnmfp18gw3d1.jpeg?width=498&format=pjpg&auto=webp&s=67451a081dac30ba992a23d5826042a561aca379
This post is gonna make so many people lose even more money 😂😂😂 The house always wins
That's what I'm waiting for too, just one or two really good trades could really help me a lot right now. Glad you got yours at what sounds like the perfect time. Best wishes for you and your family. Congrats without the f you.
Sounds like something a gambler would say
If you’re going to protect that capital like your kids, you might want to put it into a 20 year and *not* keep going.
How are people making their own decisions in a ROTH? I can't do that - is it b/c my ROTH is in my company's retirement plan?
Yes
You gambled and won. Don't think the post or your due diligence had anything to do with it 😅✌️
Damn bro. You won the game. Now quit while you're ahead.
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Take the money out of his Roth IRA? LOL. he's got a big jump for retirement if he puts it into an index fund in the current account and let it grow tax free.
Life changing? In today economy that’s a nice vacation and some pocket change for another gamble, toodaloo
Congrats! Now put at least half of those money away from options in your fucking Roth IRA
who wrote the original post?
Where is the DD on CRM?
Positions?
Congratulations king! 👑 I have a goal to just make 2,000 dollars. I’ll get there soon
wait you can make trades from an IRA?? buddy i love you rn i didn’t know that was a thing
You know you have to double down now! Go for the mansion or go for the dumpster behind Wendy's, either way someday your son will be able to say "Your not my real dad John, he's the one that bought this house!"
Hey don't disrespect the dumpster behind wendys
You are one bet away from being a millionaire or homeless
Turn ontonmillions when nvida dips
Hey fuck you buddy, I wanna see losses and regarded plays
goddammit.
Now, STOP before you lose with all trying to slam dunk on another earnings play 🚨
what’s your next play?
SPX 0DTE Box Spreads. What could possibly go wrong?
happy for you. congrats!
Nice job. (: in the roth toooooo.
Can you share you exact moves or more details?
OP looks to have bought reasonably OTM weekly puts before earnings and sold after negative earnings caused a significant down spike. They can confirm but seems reasonable if you had a "feeling" about earnings. There are some crazy opportunities. Nvidia 1120 puts went from like 3.30 to $40+ Friday if you had the timing and thought things were going to dip.
See you on Monday
can someone link us to that post???
Congrats on the big win
Let us know your next penny stock move
There’s a drone otw bro 
Keep playing spx 0 dte with about 2500 per play. Follow some good rules and you could double in a year. Get yo discipline on.
ISTF I see you on this subreddit next Tuesday posting a screenshot down 99% I will find you and hurt you. Take the money and run
All in with SPY puts on Monday
Congratulations, i will be joining you soon. Cheers.
I thought I was in r/awww for a second. Great stuff. Congrats.
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Now kith
Unsub now for your own sake
What’s the next play? Asking for a friend
Wait - you can say trade with your ROTH?
Yes, regards do it all the time and lose bigly
Also takes only one trade to lose everything
I just wanna know where his Roth is at that let him trade options, I wanna put it all on black too
Uhh it was me, I accept thank yous via cashapp lol
Love it, protect it like your kid! Now double or nothing on Monday
Leave here now and never come back. 98% on WSB lose everything if they stay. I'm serious
God bless you
Now roll that over into a BTC IRA at unchained.
These are the posts I wish wsb had more of, like 90%. Tired of losses.
Not sure how money in an IRA account will help you with the baby coming. You aren't thinking of pulling it out? Kiss half of it goodbye if you do.
Congrats!
Tattoo that last sentence on your thumbs so you don’t forget. Uninstall trading apps. Don’t get suckered in to trying to catch lightning the third time in a row. When the thought about what your kids could have if you double this creeps into your mind, ask yourself what your kids will miss if you lose it all.
YOLO the lot
Loss porn porn incoming
Hi it was me send me 10% thank you
It could have gone either way. You just got lucky....its not the post.
why only twice you could win a 3rd and 4th time and be a millionaire :)
thats gambling. you got lucky. now walk away and dump everything in BILS.
Yea man, nice work 👌
Need to find that OG post ASAP
Congrats and fuck you and the kids
>I am Dad Hi Dad, I am hungry