20 Year Old USC Student Cashes out 110Million from BBBY

[getmoney310cpt]

Most kids that rich go to UCLA so I know he is a frat boy type meaning fakkit white boy with punchable face

 

[Saysumthinfunnymike]

hmm thread title was misleading. He was already rich.

 

[Denzel_Saucegton]

Big bank take Lil Bank

 

[old pig]

…with $25 million he raised from friends and family.

must be fukking nice!

 

[Goat poster]

That stock has lost over 30% in the last 18 hours. Gonna keep dropping too. Money went from the pockets of everyone who bought after him straight into his and a ton of people gonna have big losses.


And this guy raised $25 million in a couple days just on a bet? How much money you have access to that that's your play money? Basically it ends up being a wealth transfer from mostly less well-off people to a guy whose family was already insanely rich.

Yup

And that’s the problem with these get rich quick stories …

We don’t talk about how much money it takes to make REAL money.

 

[Ozymandeas]

I bought Bitcoin last time it dropped. It was like $3,500 and I knew it would come back up. It did and I made 10x. I also bought Tesla at like $200, sold at like $650. But I’m a regular nikka with regular money. If I was a white kid with millionaires in my family that could give me $25 million, I would’ve retired by now

 

[Who Not How]

Tariq Nasheed looking at this thread like "If only I was White".

 

[O³ (O cubed)]

must be fukking nice!

Ain't you rich?

 

[Insensitive]

I feel like cutting everyone off in my life right now, who doesn't bring me peace or is a leech.

Breh. That's me right now.
I'm legit considering isolating and continuing the slow, grinding towards a milli.

It's like no one understands investing, all they know is spending and spending and spending.

 

[get these nets]

Now add that number up to what I said before.

You are now looking at a smart reddit boy

Put me anywhere on the green earth
I'll quadruple my worth
MFer

 

[Godless Socialist CEO]

That stock has lost over 30% in the last 18 hours. Gonna keep dropping too. Money went from the pockets of everyone who bought after him straight into his and a ton of people gonna have big losses.


And this guy raised $25 million in a couple days just on a bet? How much money you have access to that that's your play money? Basically it ends up being a wealth transfer from mostly less well-off people to a guy whose family was already insanely rich.

What a fukking grift

 

[Ezekiel 25:17]

I said it before and I'll say it again.
COLD.
HARD.
CASH.

Keep grinding brehs.
Our generation likely won't experience being lent 25 fukking million dollars
but maybe our kids or grandkids can experience what that's like.

I mean a lot of us could have made money off this too. Nowhere $110 million, but a decent chunk of change and that's a start.

We gotta get the ball rolling.

 

[Paper Boi]

need to start taxing these mfs at 99%

 

[RareHunter]

Is @I Really Mean It helping the ppl or no?

 

[Professor Emeritus]

need to start taxing these mfs at 99%

I like a simple solution I heard during the Occupy movement. The 1% financial transaction tax.

Every time you trade a stock, crypto, currency, or any kind of security, have it taxed at 1%. Doesn't matter whether you're making money or losing money or whatever, give the government a 1% cut of every deal.

If people are gonna fukk around and treat the economy like a casino, then why not let the house have a cut like a casino? If you actually believe in your asset and are keeping the money there then 1% is nothing, you're expecting to be earning 5% a year or 10% a year or whatever. But if you're just fukking around and playing games, moving money in and out 20 times a day, then that 1% every time is gonna add up really fukking fast.


All this day trading and penny stocks and trying to game the system doesn't help the economy at all. It's just a giant, meaningless waste of human effort by people greedy for the quick come-up, who want a huge payday while doing almost nothing to earn it. It contributes a ton to economic volility because everyone is moving money based on the movement of the market rather than based on the reality of the companies and assets. Why not let them keep playing, don't force them out of the system, but put a little bit of cost on it? If they wanna keep going then great, at least they're funding the government.