long story shorthad 400k after 15 years of safe investing (25 to 40)got panic and scared hitting 40 that i wasnt gona make it and had to get aggressivewithdraw the 400k into a trading accountblew literally all of itnow 40 with zeroday to day life not any different because i wasnt actually personally benefiting from the 400k in day to day life as it was just sitting in an investment account for retirement age (67+)do i just totally give up on ever investing again? or do i go back to safe investing in an index fund starting from zero again?or should i just YOLO for the rest of my life and fuck it
What did you blew it on?
>>62497986its all a blur at this point, i was just in midlife crisis panicking that i didnt want to wait until im almost 70 years old in order to feel well off so i decided to take a shot at making that 400k to 5-10m asap and lost it all
>>62497997Well that was fucking retarded of you. What, if anything, did you learn from this experience?
>>62498017that 400k is literally nothing and can be traded away very quickly
>>62498024Yeah you're not gonna make it. Like, ever.
>>62497978and your wife was ok with you blowing everything in a trading account?
>>62498110I am a kissless virgin, havent spoken to a female outside of a professional/transactional setting since high-school>>62498101thats been my entire life so far
>>62498117>I am a kissless virgin, havent spoken to a female outside of a professional/transactional setting since high-schoolin that case i understand. if your risk paid off you'd be able to date zoomers
Your best path to success is make a youtube channel. Tell your story about losing everything and start a "making my money back" series with degenerate leverage trading.
>>62498123this and be sure to mention you are a kissless virgin the youtube algo loves that
>>62498121yeah it was basically me thinking well i cannot take any advantage of that 400k now, and the whole idea of that account was that i dont touch it until i am 67 years oldbut then i realized suddenly at 40 that im kind of tired of life already and i need some kind of major push through to try and get myself to a financial situation where i can do a lot of different thingsI know someone will say something like>Well 400k would have gone really far in some shit 3rd world countryWell I am autistic af and hate traveling, and I hate 3rd world countries, I am too autistic about cleanliness and i dont like non-white women, so me doing the 3rd world lifestyle would have never happened anyway, i already see enough browns around me i dont want to go live in their shit countries
>>62498135i get your mentality. its why we call it 6 figure hell.your life really hasnt changed much despite the loss, if you start saving 2k a month now and invest it in index you should have 1.5-2 million (in todays dollars) at retirement. Add in social security and thats not bad.
>>62498147my life hasnt changed at all because well i was never seeing any benefit in my life having that money in a retirement account anyway, it was purely only something i would have finally used at 67+so my day to day is completely unchanged in terms of quality of life, its the same shit as its always beenI could start again i guess, i dont really do anything with money anyway besides basic living costs.
>>62498158yeah and if it paid off you'd be living a movie tier life. i honestly might do it as well if i have a mid life crisis
Wait so you lost 400k and you don't even know how? Losing money is the best education in the market. There's no shame in it but if you didn't learn anything then I'm a little disappointed. I became a much better market participant after losing 10k. Losing 400k should put you in elite company.
>>62498049That 10% includes net worth form real estate. Liquid net worth millionaire are only 2% of the population. There’s a massive difference in the two.
>>62498163Yeah I imagined what could be if i took the chance of using that 400k and turning it quickly into multi millions and the life i could start living after that>>62498173I know how, it doesn't really matter what the specific trades were, what is lost is lost, it was with using a lot of leverage every trade though, so being liquidated was very fast and easy
>>62498175YepMy grandparents were millionaires and all died millionaires but their millions were locked up in their homes which got sold off by aunts and uncles who inherited it, my grandparents did not live like millionaires despite living in homes worth a couple million each
>>62498202I'm not asking for the specific trades. I'm just saying you have experience that many will never receive. Don't give up. You can make it back.
>>62497997>>62497978This is honestly really sad. I’ll pray for you, man.
>>62498230I am working on a side-business online at the moment which can scale incredibly well if it takes off, which is another shot at making it, so i appreciate the prayers. >>62498209Gotcha, yeah I am not giving up, like I said i dont really spend money on anything so i have left over money to do stuff with which i was just blindly sending to the retirement fund for 15 years without thinking but hitting 40 made me realise i want to try making it before im too old
>>62497978don't worry about it. water under the bridge
>>62498242You've got the time and flavor of autism to responsibly but aggressively navigate the market. Maybe avoid margin and leverage but LEAPS might be the tool I'd recommend to accelerate your return.
>>62497978>waste 15 years of his unc lifeIt's over unc, take the L and put the fries in the bag
>>62498173You clearly do t understand how quick you can lose money. There are people who lose millions in just a couple of hours. >>62498242Good luck anon, I feel your pain and completely get just saying fuck it and attempting to make it. Do not give up, and god speed.
>>62498024You could have 10 mil and will still blow it all up with that degen mindset. Good riddance.
It's okay, OP. Lost my entire inheritance ($1.6M) betting on crapto. I'm literally lower-class now lol.
>>62500330Sorry to hear that anon, care to greentext how that all transpired, including the inheritance part?
>>62500319Nah, I learned my lesson. I'll be a lot less aggressive next time.
My honest opinion? You do not give up, and you absolutely do not "YOLO" the rest of your life.Losing $400k is a massive, sickening punch to the gut. It is completely normal to feel panicked, stupid, and hopeless right now. But let’s look at the cold, hard math of your situation. You are 40 years old. If you retire at 67, you have 27 years left to compound capital.You already proved over 15 years that you have the discipline to build wealth safely. The mistake wasn't your ability to save; it was a temporary, mid-life panic attack that caused you to abandon your own working system for a high-leverage casino.If you start from absolute zero today and return to safe index funds, contributing $1,000 a month at an average 8% annual return, you will hit 67 with roughly $1.1 million. You are far from dead.The goal now is to remove human emotion from your wealth building so a panic attack never wrecks your future again. The trading landscape is shifting heavily toward automation to prevent this exact type of human error. For example, the upcoming ecosystem Candora is being engineered to take the psychological volatility out of trading. Once launched, tools like Candora Agent are expected to let users lock in rigid, automated risk parameters, while its planned Order Shield and Slippage Protection tools enforce hard defensive boundaries that emotional traders usually override.Go back to what you are actually good at: safe, automated investing. You built a fortune once, and you can absolutely rebuild it again.
>>62501229thanks chatgpt
>>62501200No you won't. The fact that you have YOLO on the table and ask /biz/ if you should do it says a lot. You think you learned, but that's because you don't have any money right now to gamble on. This is the classic gambler mindset. You WILL blow the next few thousands once you receive a paycheck or two. Unironically go get physical gold/silver, and whatever asset that will take more time & effort to liquidate, and deposit only beer money to gamble if you have an itch.
>>62497997So you blew it on Pokemon cards? Why did you invest in cardboard? It gets soggy when it rains
>>62498123Bro he cant even articulate what he did wrong. He cannot problem solve. He will never, ever make it, at least not via things that require thinking things through. But at least he can not end up a poor with diligent saving.
>>62501505I just dont feel like giving a detailed report on every trade i did to lose it all here on 4chan, and at the same time i dont want to just try to guess it on the fly and post only a few details.So no, its not as deep as you think.
>>62498117>I am a kissless virgin, havent spoken to a female outside of a professional/transactional setting since high-schoolthis is a fake story otherwise you would have spent at least a little on hookers and blow and post about how that was dumb.
>>62501509Why would i want to have sex with a woman tons of other guys have had sex with? and i have no interest in drugsI think you are projecting your own world view here
>>62501508>I just dont feel like giving a detailed report on every trade It's understandable in principle, but I have the hunch you don't do that even privately, you don't have an inner monologue like "what did I do wrong? Should I have XYZ? If I had done ABC, then XYZ? Or on the other hand, if DEF, and ..."This CAN be trained a bit, but a lot of inherent natural temperament.
>>62501523well its not the worst view and its enjoyable!
>>62497978thanks for providing liquidity to the market
>>62501523Because "I want a virgin for my first time" only works under, I would say, 20 and after that point you're dealing with more and more used goods as an inevitable reality. The reason why your grandpa got married to a virgin 70 years ago is because they were probably around 20, they didn't wait to 40 and then find a virgin.
>>62497978>panic at 40what was there to panic about if you wanted to retire at 67? you were on track to have a fuck ton of cash plus whatever shitty pension you can get in your country and whatever assets you ownedif you wanted to work until 67 anyway you may as well start again, 27 years are a lot of time to make money if you don't throw it away in meme stocks and optionsI shouldn't be the one to tell you this but if you want to do high risk stuff you should allocate a small percentage of what you have, like 5%, and call it a day if you lose everything, going all in on anything is fucking retarded as shit
>>62497997No seriously, what did you do? Options? Crypto? Penny stocks? Bought the top of gold/silver/chip stocks?
>>62497978Unironically buy XRP and hold it until you are 50 unless it reaches make it levels before then.
Women are the ultimate shitcoin. This dude blew 400k because his biology and TikTok convinced him he needs a 18yo wet hole. It’s a vagina, there is nothing special about them, in fact some really really smell. Post nut clarity should revel this to you. Try again you fool
>>62501978How can I rise above this need for wet hole? They cost so much money
>>62497978Are you American? Your writing style seems Europoorish.>do i just totally give up on ever investing again? or do i go back to safe investing in an index fund starting from zero again?If you didn't need the money right then, and won't need it in the near future, you should return to investing, and be aggressive without retarded>YOLOSome people are good at trading; you aren't.By "be aggressive" I mean seek investments with higher total return at the cost of higher volatility; most straightforward approach of which is to just use leverage.
>>62502706You should invest regardless, but what I mean is, if you don't need the money in the next 10 years or whatever, seek higher volatility, higher total return investments.
>>62502134Masturbate regularly or go for cheap pussy. Nofapcels want to avoid fixing their diet and exercise routine when the optimal male is physically fit and running on a libido that is kept in check.
>>62497978>lose $400k YOLOing>"should I keep doing it?"
90% of gambling addicts quit just before they hit it big.Build that 401k back up and go for it again, baby.
>>62497978Most people are at that point by your age anyways, so it's not the past that matters but how you go forward. Crypto is still in the newbie days desu, especially those that can't be centralized, like Nerva/XNV.
>>62497978>or should i just YOLO for the rest of my life and fuck itJust yolo everypaycheck on options. Eventually there is a chance you might get a lucky streak that brings you a mil. Then dividend into retirementEasy peasy :^)
>>62501508Post a screenshot of your port or you're a larping faggot
>>62497997400K at 40?So you only managed to save an average of $20K/yr?You were getting raw dogged by your fund manager fees already.
>>62502764My dad who was a pretty highly payed nurse from age 30-65 retired with only like 230k in his 401k.It still puzzles my brother and I to this day.
>>62497978I'm really glad I started investing at an age when 1k felt a lot to me. I was able to make mistakes that hurt emotionally, but in reality 1 paycheck would write off.But even then I never blew an account. Losing 10% on a single investment was my wakeup call. I don't understand how you lost 400k.
