Finally hit 6 figures - how should I blow this?

YOLO

Well, after Friday's nice pop, I finally reached $100k in investments, no thanks to you dildoes and your permanent bearishness. Proof1 | Proof2 (those big scary dips in the Personal Capital view is just PC fucking up account balances, not actual losses). Edited to add that all this growth is contributions, not investment returns, which are actually slightly negative. We stared saving seriously at the beginning of last year. Prior to that we just had 10k in my wife's roth.

I know some other guy posted about how he was up to $1.3MM, but that was Canadian dollars, which means I think he has just enough to buy one bottle of Anal Lube.

The wife and are aiming for $2MM as our FI number (shout out to r/financialindependence), so this is a big milestone. We are technically shooting for $1.8MM, but I figure we might as well round up to an even deuce. Also, that technically would make us "multi millionaires", so that's pretty sweet. Any money after that can go towards YOLOs, yachts, strippers, etc, but getting that fuck you money is the priority: https://www.youtube.com/watch?v=xdfeXqHFmPI

I wanted to post this in r/financialindepedence, but they'll berate me for holding leveraged ETFs in my long-term accounts, and I can't tell them to go fuck themselves like I can here. I got a fantastic amount of downvotes and shit on r/investing when I posted my long-term portfolio because people like to repeat shit they read on the internet without understanding it. Oh well.

Investments are broken out as such:
70% is long term investments (401k, IRAs, HSAs, taxable long-term accounts) link to portfolio
25% is my trading account, with which I mostly trade volatility and options
5% is a leveraged bond/equity portfolio I'm playing around with that is: 40% SSO, 20% UPRO, 20% EDV, 20% TMF, re-balanced after 5% moves. I hold leveraged funds elsewhere, but this one is specifically allocated for it.

From a returns perspective, I'm still down for the year from the Jan/Feb turmoil, when I learned some expensive lessons in position sizing in my trading account. I've taken some hits in the last 12 months on various SCTY, SUNE, AAPL, USO trades (not necessarily all longs) and others, but not too much in the grand scheme of things. I've followed you degenerates in on a few YOLOs and made some bucks here and there and lost some elsewhere.

Next step: find 10 wsb-approved YOLO trades and put $10k into each one, as long as the potential payoff is ~200:1. I'll get that $2M fuck-you money in no time. Any suggestions?

Posted May 29, 2016, 7:15 PM UTC · edited

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