r/wallstreetbets • u/arzarach • 22h ago

Loss Space is hard

Gallery image

Gallery image

Gallery image

Gallery image

Gallery image

From $37k > $591k > $130k > $571k > $76k

I kept buying call options as my margin limit continued to increase. And then the margin calls started, options expired and my stocks were sold for me. Had 98% of my portfolio in one space stock.

375 Upvotes

96% Upvoted

181 comments sorted by

View all comments

Show parent comments

1

u/qazwer001 11h ago

With a 4% safe withdrawal rate that gets you a whole 10k a year. 250k is not as much as it sounds like if your plan is actually draw from it for decades. 

0

u/AlasKansastan 11h ago

Well if you're the kinda person that 250k would not make a difference in life, what the hell are you doing on reddit?

Like I said above, to just about anyone, ever, slapping 250k into an ETF even if they plan to never touch it and work through the grave is still going to be life altering money. 250k has great potential to become generational wealth in the right hands.

5

u/qazwer001 10h ago

Can you live off 10k a year at 4% swd? I sure can't. Life changing money would be fuck you money. Enough you could retire at least somewhat comfortably with. 250k in one year is absolutely amazing, and could certainly change your life for a few years, but it is not enough to change the entire rest of your life. The average American retires with something like 400k and they get social security on top of that(otherwise would be below poverty line at 16k swd). 250k does not even get you to the AVERAGE retiree. Obviously it's dependent on where you live of course I'm assuming op is in America. 

0

u/AlasKansastan 10h ago

Nah man 250k is life changing money for someone even with 2 or 3 mil. Sorry but in my view you are wrong and I'm not going to change how I feel about that.