Story of a reddit Gamestop winner facing reality, lol.

TL;DR: "Vanover and Adams each of them earning $35,000 a year, both 32 and with partners and children, cashed out - Vanover with around $300,000 and Adams with about $900,000 "
 
Multiply these 2 by a million and you get a glimpse of why unemployment is low, employers can't find workers at $15/hr yet IRS revenues are at an all times high.
Give it another 12 months and things should go back to normal.
 
With the cost of living in Missouri those guys should have quit while ahead.

In Vancouver, Canada they would be below average net worth. Which warrants some extra gambling to stand out.
 
ValeryN said:
With the cost of living in Missouri those guys should have quit while ahead.

In Vancouver, Canada they would be below average net worth. Which warrants some extra gambling to stand out.
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A million dollars in Missouri puts you in the top 1%
 
Pekelo said:
TL;DR: "Vanover and Adams each of them earning $35,000 a year, both 32 and with partners and children, cashed out - Vanover with around $300,000 and Adams with about $900,000 "
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$300k is definitely not enough to "retire". Even $900k is not a lot in this day and age and it's going to be worth lesser in the future due to inflation. Hope they do have a trading plan and are not one hit wonders.
 
HolyGrailSeeker said:
$300k is definitely not enough to "retire". Even $900k is not a lot in this day and age and it's going to be worth lesser in the future due to inflation. Hope they do have a trading plan and are not one hit wonders.
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You're too kind.

We're talking about store clerks buddies who heard of GME gamble on WSB, "having a casual interest in the stock market". Then quit their jobs after that trade. It can literally not be more stereotypical than this.

There will be no good ending. But news are not interested in follow-ups like that.
 
I think for these people it is long term best wise to buy a nice house. The rest of their lives they can have a somewhat higher life standard because they have no monthly mortgage payments anymore, or rent. It is also inflation proof. They should factor in higher maintaining costs though and psychologically be oke with the neighbors driving a somewhat nicer car.

(moneywise / longterm even better is putting most in house AND have mortgage btw)
 
ValeryN said:
You're too kind.

We're talking about store clerks buddies who heard of GME gamble on WSB, "having a casual interest in the stock market". Then quit their jobs after that trade. It can literally not be more stereotypical than this.

There will be no good ending. But news are not interested in follow-ups like that.
More...

There are some tv shows about people who have won the lottery in the past and they were visited to see how they were doing. Sadly, the most common denominator was that most lost a lot friends. It is hard to stay friends when economic/social levels widen since we want to relate.
 
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