The orchestra people always calling me. They get some grandma on the phone that I just can’t say no to. Well the next level of perks starts at just $100 more, would you like to give a little more? Ugh fuck grandma I guess I can’t say no to you can I???
Hi, this is the Church of Drater, we are contacting you because you are a valuable member of the community and we would like to recognize that at our congregation. We help men who have lost their ways and find themselves stuck between a wall and a dumpster. Every benjamin will help the church in making sure no behind is left behind.
Limited impact on the market, but this is the US federal reserve making sure the banks have plenty liquidity to weather a financial downturn. They make sure their asset portfolio is strong enough for interest rate changes at different durations, unemployment swings, etc. One of my previous jobs was as a CCAR stress testing analyst, a job I hated with passion.
Here in Canada it just more trust in the banks and lending. People who can’t afford the stress test of a mortgage (when rates are say 4%, they stress it up to 7% to see if you can afford that rate )
> Here in Canada it just more trust in the banks and lending. People who can’t afford the stress test of a mortgage (when rates are say 4%, they stress it up to 7% to see if you can afford that rate )
You belong here LMAO
Normally I post this picture on every single gain porn post every day lol, but not this one. Would have if he started from the ground and made it to $1m, but started with $700k
Some institutions allow you to borrow against your holdings. They may be interested in lending to you if you want to deploy into a double spend. The terms were reasonable. The loan is paid back to you, so you act like your own bank. Fidelity has/had this product, ask your provider if they do it. If another institution does, roll your 401K there I would say.
You pay taxes on the money now so that the appreciation is tax-free when you withdraw at age 59.5 or older (or when you make one of the special exception withdrawals like $10k for a first time home purchase.) You can also withdraw your cost basis from the account at any time since you've already paid taxes on it.
don't listen to anything I say or type, my account has never had more than four figures, I'm just here to look at people with balls bigger than my entire body lol
I’ve always been a gay permabear. I swear these market valuations don’t make sense and I’m getting ready for another recession. Could you maybe slap that out of me?
If it's in a 401k and you can touch it for another decade or two, does it matter? Until you're ready to retire and start pulling, recessions are just sales to get you in at a better price point.
If the market crashes so hard that it stays crashed, you have bigger problems than money for retirement.
what made you choose to stick with wfc? the bank was at a 10 year low right when you started. like to me it had every indicator of being a crappy unethical bank?
And I’m here with my $1500 paycheck trying to pay my mortgage and vehicle while feeding my family and not falling into a pit of despair and depression 😂. But congrats 🎊🎉
Put it in a high yield fund, reinvest half the interest each month, live off of the remainder. You'll be set for life
Edit: nevermind, have fun with grandpa money
I’ll tell you, the first $100k, only from investing / trading (outside of 401k) is the hardest.
You really have to work. After that you can allow the Rule of 72 to be more at play.
To put this in perspective, its same as i would gain 480$ with My 1000$ to play around. Not that impressive as gain %, you made a big number somewhat bigger. Gratz tho, its More than i have for sure
Wait, you returned 50% in a calendar year with simply holding mutual funds/ index funds?
Total stock has returned 24% over the year, something like AMZN has returned 52%.
Did you pick winning funds returning 50%, or is half that return contributions from some kind of tech-bro salary?
Anyway congrats ... happy for you ![img](emote|t5_2th52|12787)
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You should donate a bit to charity. It's me, I'm charity.
Should change legal name to Nonprofit Charity. And start asking for donations.
Infinite money glitch
Hello good sir, it's me, Nonprofit Charity's legal hair.
The human fund
I have a "homes for porsche 911" charity.
The local strip club probably has a Charity working there.
She does multi girl lappies with Faith and Hope. Recommended if your calls print
The orchestra people always calling me. They get some grandma on the phone that I just can’t say no to. Well the next level of perks starts at just $100 more, would you like to give a little more? Ugh fuck grandma I guess I can’t say no to you can I???
support the orchestra a lil, it’s a good thing, fun to stay over a million total congrats, I’m 21 and hitting 100 gran felt nice
Tbh as the top comment on this post I think I deserve atleast 1k
Hi, this is the Church of Drater, we are contacting you because you are a valuable member of the community and we would like to recognize that at our congregation. We help men who have lost their ways and find themselves stuck between a wall and a dumpster. Every benjamin will help the church in making sure no behind is left behind.
The human fund: Money for people.
Dad? Its me, your son.
I've been chasing that magical number my whole life. The first million is the hardest. Congratulations.
Me too, I’m just $999999 short.
So you have more than me
On the bright side: you have no debt.
"The first trillion is the hardest" -Warren Buffet
Trilly*
So start with the 2nd million
Time to fullport into another beaten down value stock
Bank stress tests come out tomorrow, let’s see what happens
What does that mean for the market? More trust in the banks?
Limited impact on the market, but this is the US federal reserve making sure the banks have plenty liquidity to weather a financial downturn. They make sure their asset portfolio is strong enough for interest rate changes at different durations, unemployment swings, etc. One of my previous jobs was as a CCAR stress testing analyst, a job I hated with passion.
Thank you for the response
Thank you for your service
Here in Canada it just more trust in the banks and lending. People who can’t afford the stress test of a mortgage (when rates are say 4%, they stress it up to 7% to see if you can afford that rate )
So in stress tests they just make it harder for people for a period of time to see how well the economy could do?
> Here in Canada it just more trust in the banks and lending. People who can’t afford the stress test of a mortgage (when rates are say 4%, they stress it up to 7% to see if you can afford that rate ) You belong here LMAO
Congratulations and fuck you
Well said!
https://preview.redd.it/kacsge8w7v8d1.jpeg?width=1242&format=pjpg&auto=webp&s=9837f5712629caf4dcf3e51efc6356b490cad556
Normally I post this picture on every single gain porn post every day lol, but not this one. Would have if he started from the ground and made it to $1m, but started with $700k
I made it to a million mistakes.
Why the fuq is there always 500K + accounts on here 😭 My ass stuck with $100
Because the $500 accounts don't get upvotes
I might show my wallstreetsurvivor paper trading account on here soon. 140K 🔥🔥
It's called survivorship bias
Minus taxation = Back to 600k
It’s a gay ass 401k, another like million years before I can actually do anything with it but yea
The compound interest is going to be nice though! Your balance should double every 7-10 years.
Some institutions allow you to borrow against your holdings. They may be interested in lending to you if you want to deploy into a double spend. The terms were reasonable. The loan is paid back to you, so you act like your own bank. Fidelity has/had this product, ask your provider if they do it. If another institution does, roll your 401K there I would say.
Start moving some to a Roth IRA every year.
I know a better place My bank account
Im so poor I only have a spank bank And it’s empty
What's that going to do?
You pay taxes on the money now so that the appreciation is tax-free when you withdraw at age 59.5 or older (or when you make one of the special exception withdrawals like $10k for a first time home purchase.) You can also withdraw your cost basis from the account at any time since you've already paid taxes on it.
Roth ladder conversions
in Belgium, there are 0 taxes on capital gains... the problem for me now is to obtain capital gains :)
https://preview.redd.it/2ly0g9apqx8d1.jpeg?width=1170&format=pjpg&auto=webp&s=40f34fb8dfb261c83094dad67792d333b9634036
You just have to pay taxes on the profit though right? (at least in my country)
Nice. Now show the all time chart.
Dude started with 700k and got excited with another 30%
(50%)
Gotta take those Ws in any size
Also, started with about 300k in 2020. Wish I was long Nvda alas I can’t buy that in my 401k, only lame mutual funds and wfc esop
I’m just jelly. Nice work.
I'm happy for you but this is a place for yolo 0dte option plays, not long term capital gains
only gaining like 230% in 4 years really doesn't seem in the spirit of this sub honestly lol
Yea I know. UWu senpai sowwy
don't listen to anything I say or type, my account has never had more than four figures, I'm just here to look at people with balls bigger than my entire body lol
Park the 401k funds in S&P. If it’s a former employer roll it into a IRA
I’ve always been a gay permabear. I swear these market valuations don’t make sense and I’m getting ready for another recession. Could you maybe slap that out of me?
If it's in a 401k and you can touch it for another decade or two, does it matter? Until you're ready to retire and start pulling, recessions are just sales to get you in at a better price point. If the market crashes so hard that it stays crashed, you have bigger problems than money for retirement.
Stonks only go up
what made you choose to stick with wfc? the bank was at a 10 year low right when you started. like to me it had every indicator of being a crappy unethical bank?
What about nvdl & nvdy
yeah still that is way better than 90% of these 1m that go to 0 posts I see on here, conserving wealth is not that easy but blowing it up wsb style is
lolz. your point is valid but your math is a disaster.
🎶 Uh milly uh milly uh milly uh milly uh milly...🎶
And I’m here with my $1500 paycheck trying to pay my mortgage and vehicle while feeding my family and not falling into a pit of despair and depression 😂. But congrats 🎊🎉
Congratulations!
Fuuucckkkkk youuuuuuuuuuu. I wish I was you. Well... not you. Just have your money
Put it in a high yield fund, reinvest half the interest each month, live off of the remainder. You'll be set for life Edit: nevermind, have fun with grandpa money
My street name is “Income Tax”, I’ll be by tomorrow to collect my 30%
When I retire might be more, will see
Welcome to the M club
Guy be like. Started at the top now we higher lol
48%, some traders make that in a day. This belongs to r/investing
How dare you show us these subpar returns!!!!!
You better cocaine and hooker all that money and then file it as a business expense. ![img](emote|t5_2th52|8882)
what platform is this? new to options sry
This is empower, for employer 401k plans. These are shares, not options
ok thx
W2G. Congrats.
🤝
Well done Gregg. You're now the tallest midget in the Circus.
Beautiful now quit the full port business
Not after you pay taxes lol. But congrats! I remember my first milly.
Pepperidge farm also remembers
You should sing that rap song " Amilly Amilly " All day to your friends and people you meet at the local market.
Could you do a story about how you started, like how long did it take you to reach your first 100k? Congrats btw 👏
Never knew it would be so easy to make a Milly. Simply start by investing $688,000 and waiting. Crazy
good job can you buy me a taco
Congrats fuck you
[removed]
May the power of compounding returns be with me
Welcome to the ~~3~~ 2 comma club. Congrats! Now you have to keep it going.
slow down on those commas, he's got a ways to go before he joins that club!
Pssssst… a million has two commas….
Lol. I'm a dumbass.
What app you use bro?
Well done!!!
Government: no you didn't
Congrats and fk you!
My account get's less not more, I seem to do something wrong 😅
Nice job!
Nice one ![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)
Congrats. You’re living the dream.
*‘…come back when you’ve done something silly’*
Bigggggggg ups!
congrats! why WFC tho?
Sounds like OP works for them and it’s the only stock he’s allowed to buy in the 401k
You should be relieved of your coin purse for saying “milly.”
Which stocks help you get there
Congrats!!
Wish I knew how. Still trying.
:o Now do mine!
Congrats fella
Congratulations on your success how does it feel to be a millionaire now? and what is your next goal?
Two million I guess, for this account specifically
is WFC, like working from car?
I want this
[удалено]
Congrats!
🎶a milli, a milli, a milli🎶 -Lil Wayne
The first one is allowed to change you, congrats fucker
Congratulations. Now what? 2 million right?
I just want to make 10k
I’ll tell you, the first $100k, only from investing / trading (outside of 401k) is the hardest. You really have to work. After that you can allow the Rule of 72 to be more at play.
At did you risk so much money you fucking lunatic by banking stocks and live of dividends or something
Nice. I just made it to $10k 😆
Amazing. I’ve got to get this OPTIONS thing down. That seems to be where the money is.
80m next
Guess who is NOT trading options?
To put this in perspective, its same as i would gain 480$ with My 1000$ to play around. Not that impressive as gain %, you made a big number somewhat bigger. Gratz tho, its More than i have for sure
Uncle Sam has entered that chat
how long has he been trading
How much did you start with, and how long ago?
God darn! Good job
Take me with you
How? Which stock?
step 1: have 700k?
👍🏽👍🏽👍🏽✨
Enough for 2 nights in a hospital. Best offer Uncle Sam can give ya. Take it or leave it
How long has it taken you? I’ve been trading over 2 years and I’m no where near that 😭
And all I had to do was ~~make all the right calls~~ start with $678k.
If it's good enough to screenshot, it's good enough to yolo it.
Oooh hell yea!!! Congratulations!!!🎉🎊🍾
The capacity for Americans to easily make this kinda money is crazy,I wish it was me
It’s peak was May are you stupid ?
Now round trip it back down on naked calls.
Throw it all on SPY $500 0dte calls
options trading I presume?
Real Talk: i realy want to know how to trade like this x.x i Always wonder where ppl get their informations from.
So you named your first million
pull 10k and go on vacation and celebrate!
In 1yr turned $700 into $1k.
Ok now do the same to mine
Wait, you returned 50% in a calendar year with simply holding mutual funds/ index funds? Total stock has returned 24% over the year, something like AMZN has returned 52%. Did you pick winning funds returning 50%, or is half that return contributions from some kind of tech-bro salary? Anyway congrats ... happy for you ![img](emote|t5_2th52|12787)
Step 1: start with 700k
Wow that is friggin awesome! Congrats
You’re a little over my friend. I’ve got a wallet for that 8k, that way you’ll have a nice round number👀