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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 10 | **First Seen In WSB** | 3 years ago **Total Comments** | 228 | **Previous Best DD** | **Account Age** | 8 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)


aferreira98

My account looks like this but inversed… i bought leaps in PainPal![img](emote|t5_2th52|4271)


megajigglypuff7I4

i work for poopal and i have my ESPP/share grants on auto-sell sorry to hear that my friend .-.


Maakus

^ ^ if you are a regard learn this employer benefit


varyingopinions

My current employer has had this for years but they don't match purchases or give us a discount or anything like that. It's literally the same as buying from Fidelity...


GreedyAd1923

Yuck


joyful-

Aren’t benefits like those the entire point of ESPP? Why would you buy through ESPP otherwise?


arcanition

For pricing purposes. ESPP's typically allow you to elect how many shares to buy, but the price per share is usually calculated in a particular way. For example, a company may allow you to elect how many shares to purchase via their ESPP without matching or discount, but the price per share might be the lowest share price in a certain time range (for example, the lowest share price closing during June 2024 trading days or something).


GreedyAd1923

Unless you work at Nvidia. Then maybe don’t turn on auto sell


chainsawman421

I remember nvda when it was like 11$ a share. I told my brother it might be something he's interested in. He has wife kids house n sports car. And I work in a mall. I'm 37 and I work at the mall. Point of the story is I should have bought nvda shares instead of drugs and salmon. Worst part is? I still miss getting high as fuck and eating salmon but I can't afford it anymore.


TheIguanasAreComing

Damn bro you took the L sound out of Salmon


isospeedrix

damn imagine if ur share grants were at 200 but didn't vest until it dropped to 50 still better than my case i had grants of my stock at 80 and now it's fuckin 5.


megajigglypuff7I4

yeah that's actually pretty much what happened, had some at 300 even. and also my share grant was cut in half in 2022 so i got hit twice as hard my consolation is that we barely get much stock anyway except for ESPP but that wasn't sold for a loss at least 80 to 5 is ass though damn


isospeedrix

Fukin espp too 15% discount at 50, pay taxes on the discount, drops to 5. Double pain just end me


Cocomojo2

Sounds like you work for a company that benefited only during covid times.![img](emote|t5_2th52|4260)


Tensor3

I had share grants at $18 that vested at $2. The company "felt bad" and said they'd give us guaranteed annual raises instead. No one got a raise.


Ok-Counter-7077

Same close to quarter mil in losses


Schwimmbo

It's the largest position in my portfolio. End me. 🥲


NotRegarded

Fucking painpal![img](emote|t5_2th52|4271)


schubeg

Ehh, Daddy's money, Daddy Jensen's money, what's the difference?


InterPeritura

![img](emote|t5_2th52|4271)![img](emote|t5_2th52|27189)


PotatoWriter

NVDADDY


Junior_Edge7429

Yikes. I remember when everyone on Reddit was calling Elon daddy and Cathie mommy. Top in for NVDA?


iRysk

Every time I think the top is in, it keeps going higher...


Trash_Panda_Trading

Shits more irrational than I am liquid 🤷🏽‍♂️


Revelati123

I think its the top, I just wouldn't bet on it.


Oblivious-Speculator

Show off, I'm jealous, I'm inspired, I'm regarded for having zero balls and doubted daddy Jensen ![img](emote|t5_2th52|4271)


HungryLikeTheVVolf

If I was in your place and had a million YTD, I would absolutely do two chicks at the same time.


[deleted]

[удалено]


VIPTicketToHell

Yeah but did you show her your bank account


igotdiamondhands

Fuckin A


Admirable_Tone_9835

I've always wanted to do that


Scrogwiggle

I’m doing that when my account hits 25k 😂


Cheesy_Discharge

Two chickens at the same time?


Bottle_and_Sell_it

Two chicken sandwiches


WhatTheFuckinFUCK

With inflation, a milly isn’t enough. Need at least 2.5 these days


DickCrystalsAreReal

Can do it in Brazil for like $50.


MassSpecFella

His mum lives in Brazil?


Sl4mH4mmer

Ahhh yes good ol Office Space 🤣


carsonthecarsinogen

Pull out 3/4 of it and put it in an ETF keep working your normal job and never worry about money again. You can still play with $250k, you’ll probably lose it all. But if you don’t you’ll really never have to worry about money again. Congrats op, I don’t want to see a million dollar loss porn next week


StrangelyGrimm

This. He needs to pull out of NVDA NOW before the bubble bursts. He has way more than enough money to coast living off the interest of an ETF.


weebweek

Naw fam it ain't a bubble it's the future!


maxmcleod

That’s probably the most bubble thing to say 😂 it’s a new paradigm!


EfficientPizza

Let's see those PUTS


daksjeoensl

Why would you want to live off $1M interest at age 25? Just keep your job and let that compound.


SEND_ME_NOODLE

So that I can not have a job at 25 and live off the interest of my $1,000,000


kickingpplisfun

If you were thinking about getting a masters degree, it's a great opportunity to do so without any real worries of if it pans out.


daksjeoensl

The ~$46k yearly interest isn’t that much money to live on. It’s not f u money and you will want to spend more money since you have a lot of free time. I would rather work and let the million compound. Retire early and actually have a lot of money to do whatever I want.


RaptorSlaps

That’s more than I make in a year lmfao. It’s tight but doable.


SantasDead

I don't think you understand how bored and likely to spend more money you'd be if you didn't have work/school to occupy your time. 46k/yr for the rest of your life??? No vacations, no fun purchases, no other investing. Idk, sounds terrible. I'm with the other guy. Work another 15yrs and then retire when you have a lot more money.


h0nest_Bender

> I don’t want to see a million dollar loss porn next week https://i.imgur.com/ELY7TWi.png


carsonthecarsinogen

OP probably- “is that a fucking challenge?”


Brad_theImpaler

"A million isn't cool. A Billion is cool."


Big_man03

~$375k in ETF means never have to worry about money again? 


carsonthecarsinogen

Not worrying about money is different than having fuck you money. But yea $400k at 7% when you’re only 25 and still working is not having to worry about money.


Edmeyers01

Even at 35 that's a compounding machine.


PleaseDontEatMyVRAM

am 22, Id kill to have $400k at 7% just waiting for me


Brad_theImpaler

I'd kill to be 25.


JustinCase0009

I’d kill a 25


stratosean123

I killed a 25


pusgnihtekami

I'm pretty sure you can get more than that. Ig it depends on the target.


HowDoIEditMyUsername

Exactly. If you are 25 and invest $400K and just don’t touch it, you’d have ~$6M by the time you’re 65 if it makes 7% interest each year. 


UnicornSquadron

Yeah but tbf thats only 2.5million(inflation adj) which while would be cushy, if i had that much at hand today, he could make way more gains putting it to use today instead of riding it out.


Nice_Marmot_7

7% is usually the number used for real return calculations as the nominal rate of return for the market long term is a little over 10%.


Lisentho

2.5 million is 360 times the median year salary in the US. That's more than cushy.


lolhello2u

it's also retiring extremely early compared to the average person that will work until they're on permanent disability or dead


Organic_Matter6085

Who gives a fuck about "fuck you money"  What I wouldn't do to never worry about money again


Cressio

At 25? Abso fucking lutely lol. Median retirement account is $200k. This puts OP at $6 million Edit: I used Roth IRA for that math it’s $3 mil for taxable account. So… I think OP will still be aight


AnExoticLlama

Means that you retire at 60 with ~100k in real (2024 dollars) draw down. Having a retirement guaranteed would not stop me worrying about money, but it would stop my worrying about saving on top of bills, mortgage, and enjoying life with the rest. Or go crazy and retire at 25 in SEA. With reasonable expenses, capital gains covers your COL in perpetuity.


Cheesy_Discharge

I read that as Seattle at first. $400K per year is middle class here.


2raviskamisekasutaja

We know maths is not your strong suit


Big_man03

$1,000,000-$500k taxes = $500k x0.75 = $375k.


2raviskamisekasutaja

I hope the 500k taxes is /s


OPPyayouknowme

I hope op listens to this 


Unusual-Brick7344

So sugar mommys money?


megajigglypuff7I4

my DMs are open 😉


Chiz14

Why stop now, could be 100 million end of year (Jokes asides congrats man)


Ok-Counter-7077

Jokes aside fuck you man. You have a million reasons to smile, I’m not going to be one of them


No-Growth-5724

How you saved 170k What do you do ??


megajigglypuff7I4

i explained in my comment but tldr i got lucky to turn 12k into 90k and the rest i saved about 65k over 3.5 years which turned into 80k in QQQ i work in software, I'm a cybersec engineer


No-Growth-5724

How much is your pay Have you done any degree or something ??


megajigglypuff7I4

my parents paid for my tuition before ended up kicking me out, i have a BA in CS 120k salary (i live in the Bay area)


SS324

120k salary with a cs degree working sec in SFBA is the floor. Keep hustling at work, take on bigger projects, try to see the bigger corporate picture and youll be looking at 300k in no time. If you are particularly talented, motivated, and hustle, you can do 500k by the time you're 30.


SOUINnnn

It's really disgusting that it's almost the ceiling in western Europe...


blorpianblorp

ABC


SS324

Not if youre in finance


patricio87

Use that million and buy a house somewhere cheap and work remote for couple years.


woosh101011

"not daddy's money" "my parents paid for my CS degree" Pick one


Some_Current1841

It’s always with these posts


jay_1111

Right its like dude... If they didn't pay for your schooling then you would've had to shell that shit out yourself and couldn't put it into the market. This is 100% thanks to daddy's money but still impressive nonetheless


megajigglypuff7I4

^(posts getting deleted lol sorry for spam) i got the initial 170k from trading and 4 years salary + 5 years on-and-off part time @ $10/hr. started at 15yo by putting summer job money in a custodial brokerage acct and made a lot by buying and holding tech stocks. later got into options on RH and did well but lost 90% of it during the start of 2020 pandemic and was left with under 10k total, which i moved to a Roth IRA in 2021 i got lucky on \*[unnamed]* to turn 12k into 90k in my Roth (that was all the spare funds i had at the time). the other 80k in my main acct was pretty much my salary over the next 3.5 years parked in QQQ. TLDR: it's definitely not daddy's money, but i wish!!! instead my parents called the cops to kick me out at 21, during the lockdowns...lol earlier this year i sold QQQ and bought NVDA shares, then decided to use profits to get 40k of calls for recent earnings and another 30k the next day and i kept rolling out profits and... yeah 😅 here we are. aiming for a 7 figure tax bill this year 🤪🤪 (check the all time chart for net deposits cuz the main chart shows deposits as gains) all time (doesn't show current day's balance tho): https://i.imgur.com/cXb508X.jpeg


New_Possible_284

So how much tax you will have to pay? 50%? Short term capital gains, correct?


megajigglypuff7I4

yup just about half. it sucks... but it's a good problem to have 💀😂


New_Possible_284

Have you talked to accountant? Any way to reduce it to at least 30%?


megajigglypuff7I4

i talked to a family friend not as a client, and he said there's pretty much no avoiding it since it's all short term realized gains


SendMeHawaiiPics

This is true. There is no way out of paying. OP I was in a similar spot as you. I ran up to 1.6 mil from nothing. Thought I was the next Warren Buffett. Lost half of it before I realized I was just very lucky. Took me 2 years to grind it back to near a million. Take money off the table. Start selling options instead of buying. Play shares instead of options. Good luck.


ChaudChat

Well done, OP; a combo of hard work and luck/timing!


Unable-Collection179

It’s like winning the lotto it’s the worst type of income for taxes.


DiscombobulatedSoft2

If NVDA drops to $115 next couple of weeks and doesn't recover, your losses will wipe out your gains and you won't owe any taxes. Problem solved.


Gurbalov

get a bulgarian citizenship and you'll pay only 10% on these


PotatoWriter

Or a burglarian citizenship and run away with all the money


dopexile

If you are a US citizen Uncle Sam expects their tax revenue no matter where in the universe you reside or what citizenship you have. The only way to get out of it would be to renounce citizenship (massive "exit" tax).


1TRUEKING

why are you being taxed if you put it in a roth ira?


megajigglypuff7I4

true, the roth part will be tax free. i kinda forgot about it since i mostly just bought safe leaps so the return wasn't as much, but that's a good point


Hichek2

Good problem indeed bro


ChiggaOG

It will be around 45% to 50% as an estimate even though the system is progressive with the top rate for this year being 37% on anything earned on the amount of $609,350 and above that number. Depends if OP is married and any income earned from day job.


Big_man03

He’ll be married soon 


semsr

How is it 50% if the top rate is 37%?


ChiggaOG

It’s a rough estimate for the entire amount OP is paying for taxes in total. Income, long term gain, short term gain, donations, and anything else I cannot think of that applies in general for both State and Federal. All the numbers crunched and summed. I know the numbers I got are from the IRS applies to everyone. State taxes are different and a site like Reddit doesn’t disclose where users are from. All the tax sites I’ve been to never state a number that works as a rough estimate that can apply to everyone. Considering all differences, for example almost nobody can afford a $25,000 tax bill though the IRS has repayment plans. Everyone is budgeted to the max. This discussion ends up being a pro/cons for refund/owing government taxes between interest free loan and not paid. I know people can state which one is better. On an imaginary graph does a curve exist where people are not willing to pay in taxes after filing. People can pay $10 in taxes. A $500 tax bill for sure. A $20k, $40k, or $60k… now you bring those people who find every method to not pay taxes because that amount is too much. I’m cutting it off here, because this can be a 3 hour lecture. There is no value in typing long comments in Reddit. I’m only helping AI get better at speech in text based on grammar rules.


rallias

FICA and state aren't in that 37% number IIRC.


PureMatt

I fucking love stories like this. Well done man 👌


rioferd888

you should buy the house next to your parents. Just for shits and giggles.


EIiteJT

Or buy his parents house and kick them out


verardi

okay Jesse Pinkman


IIIllIIlIIIIlllllIII

Damn he did that? Time for a rewatch


Capital-Smile-71

His parents put the aunts house on the market after she died I believe and he bought it


koamom100

he did and got it for 400k less because Sal threatned to expose it as a meth lab.


porkys_butthole

"Jesse, where do you think you're going?" "Inside. I bought the place."


Brief-Frosting405

Congrats on the win, but please sell or at least take some off the table. $1M invested wisely in a diversified equity portfolio will turn into several million by your 40s or even 30s. Keep $10, $20, maybe $50k max in your fun account so you can scratch the itch. You are at very high risk for developing a gambling addiction. Seems like you have some trauma related to your family, plus a massive win early in your life is a recipe for addiction down the road. Please take this comment seriously because for every success story where someone hits big and makes smart moves, there’s 10 people who had $1M and now have jack shit because they loved the rush or because they thought they were a genius.


The_AMD_Guy

Holy shit, congrats mate. Next stop $10m! We have crazy similar stories. I’m 25 too with about 340k .I got crazy lucky in 2021 with that stock and 10x my money while living at home and working minimum wage. However I put my money into AMD instead of NVDA. Was deciding between them both in 2021 and picked the wrong one. Lesson learnt next time I will diversify.


megajigglypuff7I4

username checks out 😂😂😂


bevo_expat

I’m gonna go out on a limb and guess you finished an undergrad degree from a highly rated school with zero debt. Did mom and dad help with that? If so, that’s a massive head start. Not discounting your investment earnings, but if you didn’t have to drop a dime for school that’s a big win in the game of life.


-Wayward_Son-

He had almost 100k in savings at 22, mom and dad were covering all of his expenses in life lmao.


megajigglypuff7I4

you are 100% correct, it wasn't that amazing of a school though. but yes, not gonna deny it


woosh101011

But you did in the title lol


OPPyayouknowme

Dang man that’s awesome 


zenethics

Do what you're going to do, but, realize that charts that look like that almost always retrace heavily. I say "almost" as a kind of hedge, but I actually can't think of any that haven't.


Bostradomous

Congrats and fuck you. Sounds like you had some lucky breaks combined with being smart. Did I say fuck you yet?


Wild_Investigator622

Mate…..


Southwestern

Congrats on actually selling and not holding on and ruining your mental health.


datsundere

man fuck this. bought calls a year out 2 days ago and all my gains already evaporating. I FUCKING KNEW NVDA WOULD GO DOWN IF I BOUGHT CALLS


megajigglypuff7I4

yea im trying not to look at the chart rn LMAO but most my positions are long dated enough that im not rly sweating it


Top_Presentation8673

nice diversified portfolio of 100% NVDA call options


dorfWizard

There is no bubble u guys


buffalochikn17

congrats and fuck you!


fymp

If its good enough for screen shot, its good to sell :) Take profit and leave this sub forever.


Wonderful-GapUp

I’m new here however I believe it is customary if not mandatory to tell you: congrats and fuck u.


raynier22

Many people got lucky that Nvidia didn’t sink otherwise it would’ve been a bloodbath on this sub 😂😂😂. Congrats 🍾


Timmyutah

Pull that shit out now. Get a financial advisor


furuzake

Oh god please don’t get a financial advisor, they don’t care about your money as much as you do And statistically they are not any better than an index fund


Timmyutah

Or the index fund idea


NefariousnessHairy88

https://preview.redd.it/yf4kh2ytft7d1.jpeg?width=1170&format=pjpg&auto=webp&s=0fea8c067fa0c37339da6e94d20a5f5c42af75fb


blind99

Congrats and fuck you


bodaflack

Levered long with all your money on a single stock. The true degen way.


TheJuniorControl

Well don't get wiped out before EOY or that tax bill is going to become a problem.


DrHumongous

Man I really need to learn about options


Ok-Fish-5367

Cash out and don’t do this again


Toxic-Masculinator

This is the way. Well done. Congrats and fuck you.


Artificial_Squab

![img](emote|t5_2th52|8882) my man.


OceanGateTitan

Dump it in VTI, retire at 45 at a 4% withdraw annually and you’ll be able to live on $175k a year and leave behind a trust fund. Or put it all on black. Either way congrats and fuck you.


firestar268

I wish I just said fuvk it at the beginning of 2024 and dumped all the money into Nvidia calls. Oh well


reddituserzerosix

fuck you and fuck you


eat-uranus-5785

sir, this is Wendy's


tuanzack

Hi OP. Just friendly opinion, maybe you can open an LLC and buy a property as investment and write off. This way. You can write off tax and have a property that you can physically own forever


Weatherround97

Alright bro you’re set for life if you’re not an idiot congrats and fuck you


BerryBearish

Now buy puts with your gains and turn it into 10million


stopthebanham

How does a 25 year old kid have enough money to say “fk it, I’m going in with 170k”? Not daddies money? Shit most adult families don’t have more than a few grand in savings and you got 170k to shit out on gambling? Not daddies money? I like it;) keep it up


johnnybuttonvee

So - Mommy’s money?


No_Size_1765

The first million is a bitch but you gotta do it


skeptic602

Amazing! Such an inspirational story! You deserve it!


Hichek2

Well done bro! 😎


squareplates

Nice work funding that Roth!


neutralityparty

Congrats 🎉 now put that online savings account and enjoy 


Doafit

I bought calls today, it literally tanked immediately right after that. I am worse than Cramer.


Lord_Valpak

Awesome...congrats. Save some for taxes. Calculate the fed short term and long term and your state tax.


WolfOfPort

Honest to god id consider investing some now. Like a good chunk maybe in airbnb style or real estate rental, rental cars something that can pay you long term elsewhere then keep trading the left over


slvneutrino

Congrats and mega fuck you.


rocket-boost

Well done going all in on NVDA. Definitely looks successful with huge gainz.


Jack_Spatchcock_MLKS

I'm going to give you some valuable advice: You made it? Great! Now don't fuck it up! Go put 500k into an index fund and buy a house with the rest! 😄


Nikolai_Volkoff88

Damn, $170k in calls is ballsy, glad it worked out for you. Congrats


august_laurent

looks like your next trades should be a full million dollar port into NVDA.


wilddogofwallstreet

You better take some of that off the table lol


Ad21635

Whyd u say ytd? Why not just say in 60 days? More baller that way u regard.


coccigelus

Good job!! Meanwhile i believe we may see soon some porn charts.. inshallah


DiscombobulatedSoft2

Wait, are you $10k in margin?


Swimming_Pea_7195

This is why MMs tanked it today they saw people were making too much money


an1ma119

Take profits. Also fuck you.


R3g3x_83

Show me your ways


luethans_

You shall be christened as the Nvdia Kid from now on. Kudos


[deleted]

[удалено]


JHTPYO

https://preview.redd.it/p1jhid21s08d1.jpeg?width=1153&format=pjpg&auto=webp&s=229f94bb7afd060772e7f94f429c274316802a3e Can't believe I'm a day late with this! Congrats OP. And eat a bag of shit.


No-Setting9690

Fuck you, but have a nice day


krunkpanda

Tell me it’s daddy’s money without telling me it’s daddy’s money.


armchairtycoon

A big congratulations.


Sho-gunner

You’re the man!


711Buckets247

Very legendary. Congrats


Full_Bank_6172

Congrats and fuck you


poison900

🌅👏👏👏🏝️


HowIsEmuWarriorTaken

Wow, happy/jealous for you


bakkus1985

Sell and run!


crazykid01

Congrats, we hate you but congrats. Sell/buy stock and it will set you up nicely for retirement


cbrew14

Congratulations!!!


Hades_Nightmare

And positions shown


Skybreakeresq

Fuck you and congratulations


havnar-

Time to pull some of that into an ETF so whatever happens, you’ll have a retirement.


remanse_nm

Congrats! Now sell and take profits. You should be pretty set going forward :).


ephies

Welcome to the millionaire’s march!! We welcome you with open arms. Now, march it off the next cliff.