11mo ago

Just saw a reddit post in which some trust fund kid took his 700k inheritence from grandma and invested it all in Intel lmao

He’s down 200k in A day.

I get the US government will forever prop up this shitass boomer company but what kind of capitalist true believer do you have to be to believe in Intel?

WARNING (Wall Street Chuddery) https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_i_definitely_picked_the_wrong_day_to_buy_intel/

24 comments

Hexbear geniuses, this is literally just gambling. The guy did it because he's a gambling addict (WSB posting, Robinhood account for a 700k balance lmao). I've been there before (like being extremely addicted and throwing 50-100% of my networth into trades, not the WSB or Robinhood parts)
What y'all are commenting is like asking why a meth head smokes meth even knowing it's destroying their body
- Even a guy betting his last dollar on a horse looks at the odds before betting this guy's just stupid
  If I had 700k and a gambling addiction I'd just spend that money to go to rehab but maybe I'm just built diff.
  
  This guy is for sure stupid after reading his bullish reasons for Intel but stupidity is why he chose Intel, addiction is why he dropped 700k/800k balance on Intel
  I've done lots of pharma oxy, k-holed, shrooms, LSD, clean molly
  Gambling after having experienced massive wins hits way different
More like bust fund
What a fucking moron. That's "I can buy land" money. You know. The thing that actually almost always has value.
- Or if you want stocks just go for an index fund? Diversify a tiny bit? But yeah, I'd just buy a home...
  
  That reminds me of "Mr. Deals"...
  It's Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S&P 500
  As of today, Trump would be an estimated $400 million richer if he had just put his father’s money in the index.
  And - of course - that would have meant effectively zero effort for Trump. No building his brand. No failed casinos. No failed airlines. No failed universities. No failed whatever else I'm forgetting.
  
  Oh yeah you could buy a nice home outright, invest the rest in mutual funds, IRAs, and keep an emergency fund. Then work whatever job you want to maintain a comfortable lifestyle.
- That's "I can buy land" money. You know. The thing that actually almost always has value.
  This dipshit would probably just buy beachfront in Florida I bet
  
  And watch it sink away too
- A story as old as capitalism itself
It's so stupid. If they just invested it in an index fun they'd be sitting pretty in a decade. Instead, noooo, genius over here chooses Intel as his only stock the day before it loses like a third of its value and cuts the dividend
- my index fund is up 20% this year. thats 140k - ~20k for taxes, for this guy lmao
- Fuck it, could've gone through kickstarter or gofundme for people's FFS or bottom surgeries or whatever. 200K!!!!! Could've paid for a few people
only a gamer would be dumb enough to do this
Couldn't have timed it worse lmao
- Also investing in a troubled company directly before a quarterly report, when you can expect to see volatility, is just gambling.
  Even if you'd want to do lump sum rather than DCA, with that kind of sum and a long term investment horizon you wait out the event.
im sure intel will be fine since they can produce their own chips. they just need to stop fucking up so much. The timing is funny but if he just holds onto the stock he'll be fine.
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24 comments