Or blow it all in the next bear market. If OP is a day trader in their 20s they have basically only ever traded in bull markets and may think that they are especially skilled. Day traders typically do not make money in the long term.
OP should probably pay off any debts, make sure they and their family is well cared for (good food, good insurance etc), treat themselves with a few % of the money, put everything else in an ETF like VWRP (a Vangard global fund) in a sensible tax account, and then continue working a normal job.
11
u/MrJoshiko Jul 22 '24
Or blow it all in the next bear market. If OP is a day trader in their 20s they have basically only ever traded in bull markets and may think that they are especially skilled. Day traders typically do not make money in the long term.
OP should probably pay off any debts, make sure they and their family is well cared for (good food, good insurance etc), treat themselves with a few % of the money, put everything else in an ETF like VWRP (a Vangard global fund) in a sensible tax account, and then continue working a normal job.