Time_Manufacturer645 t1_jebwogv wrote on March 30, 2023 at 9:56 PM

50% of 10% is 15% percent of the original, congrats you only need another 670% gain to zero out

My-Cousin-Bobby t1_jec3hzt wrote on March 30, 2023 at 10:44 PM

I have found there are a shocking number of people who don't understand this concept lol

Constant_Emphasis_22 t1_jecz2o5 wrote on March 31, 2023 at 2:41 AM

Bro this is taught at 6th grade level our population averages out at 2nd grade

EconHuman t1_jee7ybg wrote on March 31, 2023 at 11:33 AM

Always amazes me how stupid people from the US are

reddituseranyonymous t1_jec52sj wrote on March 30, 2023 at 10:55 PM

My brokerage account is down like 99% from ATH :(

Just realized my brokerage account had more money at the end of the dot.com bubble in 2002 than it does now

My retirement account is down about 50% from ATH but has gone from [new account] to like $170k now

DayOfDingus t1_jeccm61 wrote on March 30, 2023 at 11:49 PM

I was trying so hard to rationalize how you were able to fuck up this bad for so long until I realized yup that's a gambling addiction.

reddituseranyonymous t1_jecdpz7 wrote on March 30, 2023 at 11:57 PM

You're not good at being rational then. Not having a plan and bad advice from an idiot at Morgan Stanley cost me 70%

reddituseranyonymous t1_jecv7et wrote on March 31, 2023 at 2:10 AM

I have an Etrade account near ATH I asked for help, they gave me a guy from Morgan Stanley. I asked him about cashing out my options and buying $QYLD he said not to. I didn't really have another plan. I should have just said fuck it and done it anyway. Had I done so Id have about 1500 shares of $TSLA, 20,000 shares of QYLD and enough cash left over for a 20% down payment on a house.

I looked at the QYLD dividend history since my ATH. The smallest was $0.169.... at 20k shares that's $3380/month, just about 40k a year. Not enough to quit and retire early, but enough to set things on cruise control.

Heck. I could have increased my 401k contribution at work, lowering my taxable income from work, and offset some of the in taxes from the dividend payments.

jimmycarr1 t1_jee5ogi wrote on March 31, 2023 at 11:08 AM

And being a gambling addict is what caused you to listen to that idiot

reddituseranyonymous t1_jee67hf wrote on March 31, 2023 at 11:14 AM

LMAO. If you believe that you definitely belong here

matjoeman t1_jec74uw wrote on March 30, 2023 at 11:10 PM

Wtf are you investing in to lose that much?

reddituseranyonymous t1_jecf593 wrote on March 31, 2023 at 12:08 AM

I had $TSLA Dec 2021 $800C/$1200C in October 2021 Tesla went up 80% in a month. My account went ballastic. It went from roughly 400k to 1,100,000

Peaking the trading day before Elon asked Twitter about paying Taxes. I spent the weekend wondering what the hell to do with the money. So many things I could do. I didn't have plan for my account going up 500% in a month. I considered cashing out the options, asked Morgan Stanley about buying $QYLD. They said dont. I had no idea what to do. I figured the stock would recover from a CEO sale soon, like most stocks do. It didnt.

That cost me 70%.

I forgot that no one cares how much cash you have in savings unless the bank fails. I could have put $600k in savings until I came up with a plan.

joohunter420 t1_jecmpn7 wrote on March 31, 2023 at 1:04 AM

He’s not investing. He’s gambling

ScissorMcMuffin t1_jecswhq wrote on March 31, 2023 at 1:52 AM

Never had the money.

Michaeldr0p t1_jecjap1 wrote on March 31, 2023 at 12:38 AM

Oh . See luckily I’m poor so I just get to learn from my mistakes it doesn’t really financially devastate me. I just go back to eating ramen and it’s just another day.

komokazi t1_jecq5ss wrote on March 31, 2023 at 1:31 AM

mf a retirement, wendys here we come

rokman t1_jed0tod wrote on March 31, 2023 at 2:55 AM

How it’s this even possible? How can you keep adding cash to your brokerage and picking loser after loser with never considering changing the strategy

reddituseranyonymous t1_jed1390 wrote on March 31, 2023 at 2:58 AM

Its possible because I didnt do anything you said.

Buy Tesla pre split: 300% gain. Buy Tesla options: 500% gain. 15x in 15 months. Boom. Done.

Get overwhelmed when the 500% gain happens in a month. Get bad advice. Options for end of year go to $0

Now down 70% from ATH

Sensible_Thoughts t1_jedet2f wrote on March 31, 2023 at 5:09 AM

Okay but that is like the last two years. How was your account larger in the dot com bubble than it is now?

reddituseranyonymous t1_jedmwzc wrote on March 31, 2023 at 6:49 AM

Math. My account low in 2002 is roughly where my account is now

Sensible_Thoughts t1_jef3fgq wrote on March 31, 2023 at 3:33 PM

Yeah we re asking how you managed to lose all the money you made in like 20 years. Assuming you kept investing regularly. It doesn’t really make sense unless you just saved up money and then bought a shit ton of options. Which if true, who’s the idiot the guy at Morgan Stanley or you?

reddituseranyonymous t1_jef4ppx wrote on March 31, 2023 at 3:41 PM

Id say the idiot is you considering you want information from me but you're being an asshole instead of being polite. So go fuck yourself

Sensible_Thoughts t1_jef6evb wrote on March 31, 2023 at 3:52 PM

Idk where you think you are, but you certainly belong.

RutabagaLeather3665 t1_jednor5 wrote on March 31, 2023 at 6:59 AM

Why invest in ATH in the first place wouldn’t you be up on almost anything else right now???

reddituseranyonymous t1_jedy59m wrote on March 31, 2023 at 9:31 AM

ATH is all time high

RutabagaLeather3665 t1_jedyc9c wrote on March 31, 2023 at 9:34 AM

My bad, I read wrong.

EconHuman t1_jee82fl wrote on March 31, 2023 at 11:34 AM

Are you joking or are you actually regarded?

How bears feel rn

Michaeldr0p t1_jebu80q wrote on March 30, 2023 at 9:40 PM