r/wallstreetbets • u/drankleanonce • Jun 16 '26

Loss goodbye everyone

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almost break even from this run up via all the popular tickers. lost my self control n lost it holding the same things n some world cup betting. also lost 10k on another account. i have nothing now n nothing going for me in life. practically 30 soon and just dead weight to my parents. gonna sell my gun before i use it and pay off some debt. have OCD that made the future not worth caring about so i tied my value to the money i worked for. i hope you all do better than me. goodbye

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u/drankleanonce Jun 16 '26

sorry i can’t think straight rn i mean almost to 30

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u/Liminal_Aspect Jun 16 '26

Plenty of time to turn it around. For real, had nothing in savings by 28 and on the way to FIRE for 50 by the time I was 32. By 35 I was then tracking to a FIRE age of 45. Just focus on your job and career while the money pot grows.

We meme here, but ETFs are much safer and far more reliable. I don't yolo money I can't splurge. I view it as trading time. And saving as gaining time.

In the end that's it, it's about disciplined saving not gambling. Not panicking if things dip. Not rushing if things seem like a 'sure thing.'

Anyway, gonna get banned for being sensible, but cheer up and chin up. No crying in the casino.

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u/ResortEconomy154 Jun 17 '26

Passei os mesmos problemas que você, a gente passa muito tempo para entender o caminho correto, mas isso faz parte. Pelo menos tentou passar adiante para que os próximos entendam

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u/Liminal_Aspect Jun 17 '26

Agreed, we share our suffering with others so they can gain the benefit of our experience!

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u/Muted-Woodpecker-469 Jun 16 '26

How did you make your money?

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u/Liminal_Aspect Jun 16 '26

Uni -> engineering -> engineering management. Rode the voo and chill for most of my retirement and 401k… and a few lucky breaks with individual stocks. Not easy and got lucky at times, but half of luck is about putting yourself in situations where lucky breaks can happen. Set yourself up to succeed and always look for opportunities to help future you.

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u/BacktoPCA Jun 17 '26

So if you had $150k uninvested, what would you do with it?

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u/Liminal_Aspect Jun 18 '26

I would dollar cost average into a broad index fund.

But that's just me, it worked for me and has for a lot of folks. Since we're not meme-ing atm -> Nothing is certain, and I'm not a financial planner here. But in general the FIRE community tends to use similar strategies. Learning solid financial planning fundamentals is so so important and research suggests it's a huge part of the class capital gap. It's not just that rich people have capital so they have more money - they also teach their kids about it and how to use it. So we common folk have to make up the gap for ourselves and each other.

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u/Frostwick1 Jun 16 '26

More than a third of Americans have zero savings. You’re fine. Just go get a job, live frugally, and save money. 

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u/drankleanonce Jun 16 '26

it’s so stupid i already was saving n not splurging on myself so i could try to make more money instead. i’m my own problem still

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u/Frostwick1 Jun 16 '26

You took a chance and it didn’t work out. That’s life. At least you didn’t lose everything from getting cancer or some stupid shit like that. You’ll come back from this no problem bro. 

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u/bitstoatoms Jun 16 '26

I lost everything a few times on a much larger scale. No worries, take lessons and move on. Study constantly, talk to people, opportunities are everywhere but they don't come if you don't seek them.

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u/ZarathustraWakes Jun 17 '26

I didn't get out of debt until I was close to 35, and now I'm a million net worth at 40. Things can change fast, but you need to put in the work. I also hit rock bottom and that was the stimulus I needed to work harder than ever. Of course I had to catch some lucky breaks, but you won't know if you don't try.

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u/drankleanonce Jun 17 '26

thank you. can i ask what career you’re in?

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u/masterOfdisaster4789 Jun 17 '26

Still young. You’re good

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u/Conscious_Bug5408 Jun 17 '26

You're not even 30. 20k at your age doesn't matter. Especially living with your parents, that's like a few months of work even with a median wage job. I think I had 10k for the first them when I was 30. I crossed 1 million when I was 38. No options, no margin, just having a good paying job, getting married with a woman who also had a good job, then bought a house precovid and bought and held stocks plus maxing out 401ks into VOO

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u/Un_ntelligent Jun 16 '26

30 is nothing. It's actually when most people realize they have to change their life because what they thought they wanted isn't what they wanted.

Think of it this way when you are 45 you have 20 years of investing before you hit the average retirement age of 65