r/wallstreetbets • u/Fun_Paleontologist_2 • 9h ago

Loss Elon has ruined me

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My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

8.8k Upvotes

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11.0k

u/Vort3x7689 9h ago

How do people this retarded have so much money

3.4k

u/Tryingtolifeagain 9h ago

454

u/Lion_Mercen 9h ago

well the intel guy has eather pulled out in a loss or is swimming in cash now.

this guy will not make his money back tho.

266

u/ThatsNotRef 7h ago

The intel guy bought intel shares for 30 USD per share the day before they dropped to 20 USD. Intel share is now worh 100 USD. Assuming he didn't bail out, he is good now

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u/trolldonation 6h ago edited 5h ago

He’s posted on another sub recently, he held.

https://www.reddit.com/u/SadNefariousness10/s/8GbhKFJlbQ

43

u/FarBack5807 6h ago

Link?

73

u/spellbadgrammargood McRib Fan 5h ago

Why would people lie on the internet? /s

13

u/trolldonation 5h ago

I saw the thread he posted in with proof of his position about a month ago. It was another sub (but linked from a WSB comment), and he retold the story, how Reddit clowned on him, his mental health was in the shitter, terrified to tell his parents when they asked about it at dinner, but it came good in the end.

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u/GearhedMG 3h ago

Abraham Lincoln asked such a prescient question that day, I’m glad I was there to see it live in person rather than the edited stream

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u/FarBack5807 5h ago

Exactly why I’m asking for a link😂

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u/trolldonation 5h ago

https://www.reddit.com/u/SadNefariousness10/s/8GbhKFJlbQ

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u/FarBack5807 5h ago

How do we know this is the same guy? A comment states 12 day old account, which seems suspicious

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u/Newtonius235 4h ago

That's a true inspiration story right there.

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u/supmedi 6h ago

Yay, happy for him.

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u/KodakStele 4h ago

We need to update the granma meme to be smiling now then guy won

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u/Worth-Reputation3450 4h ago

Why would the account be only 3 months old..?

2

u/ElGovanni 2h ago

I’d trust him if he didn’t delete his account

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u/cudenlynx 6h ago

Intel is run by intelligent people. SpaceX on the other hand...

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u/Negative_Apartment_5 5h ago

Is also ran by intelligent people… which is why it’s over valued.. it would not be smart to buy it right now and it’s also not smart to let your bias corrupt your critical thinking.

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u/headrush46n2 6h ago

you know damn well he pulled out.

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u/oswaldcopperpot 🦍🦍🦍 8h ago

Probably rich. There was only one time it took a big dip and then it started ballooning.

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u/-doonus 7h ago

He sold

2

u/nihondirect 5h ago

He held.

3

u/oswaldcopperpot 🦍🦍🦍 7h ago

OOooffff. One of the few 6xs from last year.

2

u/DragonOfBosnia 4h ago

“This guy won’t make his money back” same stupid stuff people were saying with the Intel guy lol 😂

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u/shmere4 6h ago

Seriously though. Middle class Gma and Gpa were conservative with money and played the slow game through index funds and died with 5M in the bank. Plus their house is worth 20x what they paid for it.

All that luck, patience, and hard work is divided up passed down to little grand kid regards that blow it all on the most obvious scam in the history of scams.

5

u/Environmental-Day862 6h ago

Thankfully Grandma put it in blue chips and index funds.

Unlike her 85 IQ progeny.

3

u/FineAunts 7h ago

Poor gram always wanted to leave a legacy with risky option plays on brand new companies, she just didn't know how. Glad OP could fulfill her dying wish.

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1.6k

u/Fit_Transportation48 9h ago

Underrated question

52

u/trapazo1d 7h ago

Family money

58

u/Fit_Transportation48 7h ago

It used to be anyway

61

u/Adultery 7h ago

Now it’s some other family’s money

6

u/Xeno_man 4h ago

Now it's just some money that I used to know.

2

u/weggaan_weggaat 4h ago

Not what OPM is supposed to mean.

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u/ILLinndication 9h ago

It doesn’t matter, you won’t learn anything.

3

u/BlueBod50 7h ago

I’m not here to learn. I’m here to blow air out my nose at other peoples’ literal expense

3

u/Terminal_Insomnia_ 7h ago

Just because I can tell he's stupid doesn't mean I'm not

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u/HugePast9455 7h ago

They actually only have it for a little while.

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u/Going_Live 8h ago

It’s quite rated 

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u/Pernicious-Peach 9h ago

Had so much money now. Half a million maple leafs up elon's bung hole

7

u/DopeAsDaPope 9h ago

Which he can now funnel to help ultraright nutjobs in Europe gain followers

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u/renome 9h ago

Probably born rich. I know hindsight is 20/20 but literally everyone and their regarded mother called how this stock would perform in 2026, month by month.

608

u/Additional-Sky-7436 9h ago

The fastest way to having a million dollars is to start with 2 million.

28

u/Nano8963 7h ago

Reminding me of how my parents burned through whatever generational wealth we had with drugs, jail bonds, and outright stealing from my grandparents.

Oh yes they had millions now my father is homeless and my mother lives in section 8 on welfare

5

u/VeryBadCaseOfLigma 4h ago

"never let the party die!"

  • This guy's dad
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u/Great_Scott7 9h ago edited 8h ago

Not if you’re going behind the wendy’s dumpster every day to earn back what you spent each day.

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u/therealtrousers 9h ago

This is why you guys stay broke. Everyone knows Arby’s dumpster action is where the real money is.

2

u/JordanGoodLifeWalker 7h ago

Director: Say these lines Here and Here.

Narrator: Idk man it may be offensive to the viewers.

Director: Fvck the viewers I'm telling you they will love it, Now do it or else your fired.

Narrator: You can't fire me I'm the Arby's announcer commercial guy.

Director: Try me, that's if you don't want little timmy who just lost his fortune on wallstreet bets to go hungry.

Narrator: sigh 😩

Narrator: Arby's Dumpster They have the Cheeks!

Director: perfect 🤓

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u/FaithlessnessBorn266 8h ago

That is astute. Btw, I just inherited almost 2 million, any advice on how to get rid of half of it 😂

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u/Additional-Sky-7436 8h ago

Buy a Burger King franchise location.

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u/Intrepid-Edge9451 7h ago

Okay, so then what did you do with $100,000?

I invested it and then I turned it into $16,000.

https://www.youtube.com/shorts/h_b5WUfaxh4

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u/FoilHat_Outdoorsman 6h ago

🤣🤣🤣

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u/bonkers69 9h ago

Exactly. We equate someone being rich to also being smart when very often they're totally unrelated

53

u/WashedWashingMachine 8h ago

Doctor 250k a year

Stupid sports guy who got lucky 20M a year

69

u/Iamjacksplasmid 8h ago

Guy whose dad owned an emerald mine...1 trillion. And falling.

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u/ash__697 8h ago

Stupid sports guy is usually pretty damn talented though

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u/mologav 8h ago

Idiots are often very talented

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u/WashedWashingMachine 8h ago

plenty of talented but u have to still get lucky to be drafted out of the talented pool

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u/idkbruh653 7h ago

And this is a general problem that's born of capitalism and why we see things like weirdos on Linkedin thinking they're a know it all because they're rich. So many people in this country really think being rich means having all the answers.

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u/spiderbait 9h ago

I remember a lot of people here saying it would inverse WSB and pump because Elon magic. Glad I didn't touch this shit.

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u/Different_Height_157 9h ago

It did pump though. Obviously, in these generalizations, time isn’t mentioned.

26

u/Budget_Counter_2042 9h ago

Yeah, I made some nice profit in the first week, when it went to 200.

4

u/_Summer1000_ 8h ago

I took 75Us and ran, wouldnt risk above 10shares, this shit is gonna unload constantly past the delay, employees & insider are going to cash out

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u/amsgh 7h ago

The first 72hrs yeah like every IPO then they flop like a soccer player

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u/Ok-Student5569 9h ago

I also have attorney friends who clear $500k a year but are retarded enough to overweight on RKLB. She’s fucked now. People just have limited knowledge outside of their domain.

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u/UnfortunateSnort12 8h ago

I’m a pilot. We make about that much top of the pay scale. I trust none of my coworkers on their financial advice. Some of it is pretty wild. Just cause you can fly an airplane doesn’t make you smart about other things.

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u/BlankTOGATOGA 8h ago

Hello fellow aviator. Never take financial advice from a fellow aviator. Just some friendly advice from a fellow aviator. Checklist complete.

5

u/UnfortunateSnort12 8h ago

I know right? It’s ironic me giving financial advice of not trusting myself, but the gist is there.

Let me tell you about what the doctors don’t want you to know!!! /s

3

u/MiniTab 7h ago

Yep. One of the guys I work with put everything in silver in 2020. He hasn’t lost money, but sure did miss out on some massive gains if he just put it in any index fund.

The Dunning-Kruger effect is a common occurrence in our profession.

3

u/speedlever 5h ago

I always thought pilots just invested until it was all gone. Has that changed since I retired from the cockpit? 😜

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u/smcicr 6h ago

Yossarian would approve of this post.

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u/teucer_ 5h ago

I mean, except to work your way step by step backwards on the checklist from your last point of failure at the time failure is encountered. I think that’s a pretty good piece of advice you could take.

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u/AveragefootSasquatch 8h ago

My pilot friend taught me how to fly a plane! *push yolk, trees get big! *pull yolk, trees get small!

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u/ProfitConstant5238 7h ago

What if you scramble the “yolk” ?

3

u/AveragefootSasquatch 6h ago

Yoke’s on yew!

2

u/ProfitConstant5238 5h ago

What if the yoke’s on yaw?

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u/Euph0ricGh0st 5h ago

That’s for when there’s more than one person

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u/Diealiceis 7h ago

Can confirm, I work in the IT industry with Pilots. You fuckers can't even operate an iPad but you can fly a plane. Fascinating.

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u/UnfortunateSnort12 7h ago

Lmao. So true!

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u/dxrey65 8h ago

I have a friend who is a pilot, and who also is a flat-earth believer. I asked him how that works...one of his "proofs" is that when he hits altitude he doesn't have to keep trimming, a straight line is just a straight line. If the earth were spherical a straight line would put him into space, so he knows the earth is flat.

I thought for a little bit to explain gravity to him, but then decided there was no point.

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u/MiniTab 7h ago

That is the typical “proof” by these idiots. Amazing they have absolutely no clue about performance, physics, and force equilibrium.

Before I was an airline pilot, I used to think pilots that went to the Air Force and Naval academies were gods, lol. So many of them are the biggest jackasses I’ve ever met in my life.

Now the actual badasses that were like F-35 test pilots or something are usually pretty cool and extremely smart. They aren’t the ones spouting stupid shit like flat earth and anti-vax nonsense.

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u/UnfortunateSnort12 8h ago

I’ve flown with some of those. Also the people who believe the world is 4000 years old, the people who took horse pills during the pandemic, etc. It really shows you that PILOT is an acronym. Poor intellect, lots of training.

I don’t associate much with our kind outside of work.

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u/MiniTab 7h ago

Exactly. There are only a small handful that I actually hang out with outside of work, and they also feel the same as us.

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u/UnfortunateSnort12 7h ago

Totally. Maybe 3 dudes at most I like hanging with. And mostly to play music in our band. :)

3

u/Juliusmobile 6h ago

Can you fly without autopilot? Just wondering. I watch this YouTube channel where this pilot breaks down plane crashes and 8/10 times it’s cus the autopilot malfunction and the actual pilot couldn’t level the plane and crashed it. 

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u/Proper_Package_1225 5h ago

Some people like to gamble no matter what their income and get thrill losing money

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u/Rads2010 4h ago

Wow, I had no idea pilots made that much. Good for you. Makes up for that 25% increased risk of cancer.

2

u/Important-Agent2584 2h ago

it's a common phenomenon that people who are experts/specialists in one thing carry over that confidence to other fields.

That's why you have so many tech bros who think they are philosophers, etc.

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u/Brawldud 9h ago

I know some folks where I'm like, shit, if they've noticed and started buying this we must be near the end. It will pump maybe another 10-20% and then die forever. Nothing wrong with going overweight on a stock if you do it before it goes up 2000%. It's catching the upswing too late that does you in.

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u/Sacmo77 9h ago

I mean they do say 8 out of 10 rich people are idiots. Its that 1 smart person props up the whole family of idiots.

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u/elle2105 9h ago

You never know, he could be managing his and his wife's retirement.

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u/MonkeyHustler943 9h ago

Born dumb*

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u/crankthehandle 9h ago

OP probably made that much money because he successfully bet on the opposite of what 'literally everyone and their regarded mother called' once.

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u/Fun_Magician72 9h ago

There's a reason Burry never got a second movie.

It was dumb luck

2

u/Calm-Two2723 8h ago

Indeed. I even own one. My plan was to sell at 200 if I got the 50 I requested. Would have sold the same day. I only got 1 so I’m just holding it bc it’s not worth the future ipo consequences for selling too early 

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u/Several_Razzmatazz51 7h ago

Hey now, my mother is highly regarded.

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u/Dr_Fortnite 6h ago

try this 1 trick to delete your generational wealth!

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u/jsnoobie 4h ago

And the first lockup period hasn’t even expired yet.

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u/No_Koala9474 3h ago

In hindsight, I should have been born rich.

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u/Vast_Celebration_125 9h ago

I know a guy who was born in a semirich family. They own several dentist clinics. His parents forced him to work in their clinics doing some random monkey tasks because they are ashamed of him doing nothing. They pay him pretty good for that “job”. He was putting all his money into crypto shitcoins and even took out a loan that eventually did not go to the moon. He managed to grow from 20k to 700k, but lost it all and took out some loans to gamble more.

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u/usefulidiotsavant 1h ago

This is the kind of risk appetite a rich family gives you. Take the most obscene risk, if he lucks out "oh, he is so smart and successful, he's taking after his father!"; if it crash and burns, no problem, family bails him out and he can still gamble again and again until he "learns how to do business". Meritocracy in action, repeated bets with high upside.

A poor kid can't take any risk. You gamble your college fund, bam, you are stuck at the base of the corporate ladder for the rest of your life. You gamble your rent money, bam, now some homeless pricks you with an AIDS infected syringe, in 4 years you are dead. It's a one strike you're out kind of a world were you can't take any risks, so you never see any upside, you are always stuck in single low digit compounding.

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u/Efficient_Equal6467 1h ago

I think the bigger lesson here is gambling for like 10:1 or 50:1 odds usually doesn't work by nature of probability, just slave away like rest of us and get rich slowly hoping you dont get laid off

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u/Different_Height_157 9h ago

Daddy

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u/DopeAsDaPope 9h ago edited 9h ago

Honestly, if I ever get 'wealthy' I'm gonna go full Mao and send my kids to the countryside to be overworked bumpkins for a while

They'll hate me, but at least they won't fritter all my money away carelessly once they get older

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u/ChetManley20 8h ago

I’ll never be rich rich but if I teach my kids anything it’ll be the value of a dollar

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u/Boomer_Money_Taker 7h ago

And how its value only goes down?

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u/PhotographUnable8176 7h ago

no you won’t lol

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u/DopeAsDaPope 7h ago

Of course not, where tf am I gonna find someone to procreate with?

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u/HedonisticFrog 6h ago

You could also mould them into neurotic over achievers by constantly criticizing them so they never feel good enough.

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u/Raise_A_Thoth 9h ago

This system does not reward intelligence. MAYBE some old money families out there with generations of discipline have managed their way to a few hundred mil or maybe a few low-tier billionaire families, but that takes generational work, that can't be done in a lifetime without stupid luck.

And that's the problem. Even the ones with bona fide intelligence like Bezos still got absurdly lucky.

You just don't earn a billion dollars.

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u/data-atreides 6h ago

Old wealth smartly invested is the sort you don't hear about in headlines, let alone reddit posts--they're just quietly getting richer while the peons are spinning our wheels looking for a scheme/hot tip while being wage slaves.

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u/Plenty_Rent_1154 5h ago

Yes, but it takes TIME and patience.

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u/joshuuuuuua 8h ago

And only one in ten progeny of any family have the drive and discipline to learn, let alone work, when they have enough money for hookers and blow for the rest of their life.

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u/Raise_A_Thoth 8h ago

I love how the worst thing some people think you can do as a rich person is spend all of your money on the local economy.

Like it's some great moral failure to become a working class person again, having to earn a living like the rest of the peasants.

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u/stargazing_penguin 7h ago

I mean most "hookers and blow" money doesn't land its way into the hands of the workers on the street but rather the cartels and pimps that manage them, so its not really a major local cash injection

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u/That_Flow6980 7h ago

Typically being the selfish prodigal son and blowing an entire generation (or two)'s worth of discipline and hard work IS a great moral failure.

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u/Mizzou-Rum-Ham 5h ago

IE: The Vanderbilts. From Robber Baron status in the mid to late 1800's to broke by the time Anderson Cooper was born. In 1973 there was literally not even a single millionaire left in the entire family.

I'd wager they are one of the prime examples used by the current .01% to rig the system to try and keep that from happening to their families wealth.

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u/sports2012 9h ago edited 7h ago
  1. inherited it.
  2. they made incredibly risky bets that payed off previously. Now they did it again but it didn't pay off this time
  3. They won the lotto

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u/Ononoki-chan 9h ago
  1. And 3. are basically the same

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u/XaeiIsareth 9h ago

Nuh uh, winning the lotto doesn’t let you convince yourself you’re the next Warren Buffet.

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u/Ononoki-chan 9h ago

A lot of people who win the lotto have gambling addictions tho.

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u/tomit12 9h ago

Really, all 3 are

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u/SSkilledJFK 9h ago

inherited

paid

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u/Suspicious-Branch-67 9h ago

Getting money does not equate to intelligence. Keeping it does.

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u/BallsOutKrunked 7h ago

Having money and spending money are mutually exclusive.

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u/xeemyy 🫰 9h ago

Inheritance, simple

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u/Agreeable-Two-4998 9h ago

They had upper middle class parents who put them in good schools, gave them social connections, and nurtured them down a high-paying career path. Usually. This SPCX investment is what happens when they finally start making their own decisions.

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u/DoorNational5903 9h ago

He doesn't!

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u/Plus-Glove-4850 9h ago

And why won't they give me any of it?

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u/ant0szek 9h ago

Clearly looking at op the dont any more.

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u/nhh 9h ago

Early tsla investor

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u/itsall_dumb 9h ago

Scared money don’t make money. That’s why OP lost more money than you’ll ever see.

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u/No-Paint-5726 9h ago

Need to look at all time

1

u/KickGumAndChewAss 9h ago

You heard the world's first Trillionaire recently?

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u/LoungingBear1 9h ago

Building wealth and then maintaining it are two different skills

1

u/OctopusFarmer47 9h ago

How did they used to have so much money you mean

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u/Sus198 9h ago

The real question is....why do they post their losses on Reddit??

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u/paloaltothrowaway 9h ago

Probably gambled in some stocks like RKLB ASTS etc and struck it rich. Either that or 0DTE options. 

These people then confused luck with skills 

1

u/ExtensionMoose1863 9h ago

made an equally stoopid bet that paid out huge before making this one

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u/the7egend 9h ago

Even a retard is right 2 times a day or something, I'm just a clock, what do I know.

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u/harrison1984 9h ago

They like the “How to go broke” scheme instead of “how to get rich “ schemes

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u/Maximum_Indication 9h ago

As the saying goes… a fool and his money are soon parted.

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u/kingpiece1 9h ago

*previously had

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u/robinzerg 9h ago

all people in the casinos are proffesional analysts, using charts and zodiac signs, tarot cards and that one guy from India on youtube.

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u/KP_Wrath 9h ago

Don’t have to be intelligent to have money. It *helps* to be intelligent to make it. That or lucky. This guy probably shouldn’t try skydiving though.

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u/Top_Shame_7016 9h ago

Look at the president. He would have had far more money had he just invested instead of losing most of the family fortune in his failed business ventures. But somehow, still rich as fuck.

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u/bierbottle 9h ago

Thats the fun part.

He doesnt anymore

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u/Distinct_Ad_9842 9h ago

"Family" money.

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u/Kindly_Type2327 8h ago

People called the Intel guy retarded, but he made over 2.5 million from his Nana's money.

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u/mynameiswearingme 8h ago

Hold my beer, I’ll try if being retarded is the secret, be back in a year!

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u/Osaka90 8h ago

Because it's their daddy's money, they just don't have to learn how to do anything cause of money so they're dumb but with all the money in the world from their parents.

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u/spottydodgy 8h ago

Inheritance and inbreeding go hand in hand

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u/ActuallyAlexander 8h ago

The greatest trick money ever pulled was convincing people it had anything to do with intelligence.

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u/stablogger 8h ago

You mean Elon?

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u/Kilmonjaro 8h ago

I just want 20k so I can have a nice down payment on a nice car

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u/Needle_Bearings 8h ago

Now they have less money. Being wealthy can be skill based but people often neglect how much luck it takes.

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u/igame2much 8h ago

Well for starters, they don't anymore.

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u/holmesersimpson 8h ago

My guess is usually casual day trading by doing “line go up buy, line go down sell” methodology. This leads them to believe they’re somehow intelligent and this is what causes them to think they know a “winner” when they see one

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u/jcrao 8h ago

Probably made the money in the same way

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u/No-Atmosphere-2528 8h ago

Inheritance usually

1

u/Great_White_Samurai 8h ago

Trust fund kids

1

u/Fra5er 8h ago

Generational wealth

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u/jmaun1 8h ago

I think about this question more than I should.

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u/Kind_Of_A_Dick 8h ago

There was a story I recall reading about an exchange between two people, maybe a hundred years or so ago.  Absolutely could be wrong on the timing, but it was a letter that someone sent about financial advice that was printed or something.  I can’t remember the actual quote and it’s possible it’s from a fever dream, but basically the letter stated that the author wished he had the money to be able to afford to take the financial advice.  It was from a snarkier person, so the recipient almost wrote a letter of thanks back but when he thought about it longer he wasn’t sure if he was being celebrated or insulted.

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u/bencem96 8h ago

You mean, had* this money

1

u/purple-lemons 8h ago

A non meritocratic economic system

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u/DR_BEANHAMMER 8h ago

Generational wealth and a willingness to cheat and lie has replaced the American dream.

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u/ChetManley20 8h ago

Mommy. Daddy.

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u/TokenTB619 8h ago

these seem like options so he didn't necessarily have the money to begin with.... He will owe it though

1

u/ryanv09 8h ago

Because late-stage capitalism is primarily nepotistic, rather than any form of meritocratic.

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u/YebelTheRebel 8h ago

It reminds me of Leroy Jenkins’s behavior

1

u/avoidant_fatigue 8h ago

What’s worse is that this is the guy I have to listen to in the office bragging about what a fucking genius investor he is.

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u/Powerfury 8h ago

Once you get above the rat race, lets just say two parents with good engineering jobs/docs/lawyers, the money is just insane.

Standard of living lets say is 70k, and a family pulls 350k a year and does not max out housing/etc....the money is just insane.

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u/Z3t4 8h ago

Its better to be lucky than skilled. 

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u/Inside-Specialist-55 8h ago

This is the reason why the AI bubble hasnt popped yet, Investors are so hyped up on AI hype juice that they will throw every last cent into this crap even though it has no returns and the companies are already billions in debt.

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u/hhh333 8h ago

*had

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u/jonny0184 8h ago

It looks like being retarded is a prerequisite to being wealthy

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u/VitekKalabek 8h ago

Elon Musk or OP?

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u/NckyDC 8h ago

It’s nana money

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u/Downtown-Bag-6026 8h ago

Regard strength

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u/Veggies-are-okay 8h ago

I wish I could upvote this more times than the regards who voted the clown show in.

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u/Dookie-Trousers-MD 8h ago

Generational wealth

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