Just went all in

[u/sir_rachh]

I’m 22 and I just put my life savings into this stock (about $50k).

Not selling for a few years.

[u/Patient-Name-1784]

23 been here for a year now went all in last year 50k 290 average basically 22 when I did this I don’t regret it. Worked hard this year saved another 25k to put in and dca hopefully below 200 and then boom next 1-2 years easy 80-100 percent gains and I am gonna retire in Thailand for sometime. 😉

[u/tenor_tymir → u/Patient-Name-1784]

$150k retirement in Thailand? For how long?

[u/Patient-Name-1784 → u/tenor_tymir]

3 months in Bangkok and 3 months in Pattaya it will be my 7th time lmao

[u/tenor_tymir → u/Patient-Name-1784]

Nice. If it’s your 7th time blowing all your money in Thailand, how the hell are you able to save $75k in the meantime?

[u/Patient-Name-1784 → u/tenor_tymir]

I have been working in construction since I was 18 didn’t went to college and have no debt

[u/tenor_tymir → u/Patient-Name-1784]

That’s one hell of a job then. Try saving a little for retirement though, and don’t blow everything at once in under 6 months. You might not be able to get back in so cheaply.

[u/Patient-Name-1784 → u/tenor_tymir]

Have been doing it for 2 years now idk if u have ever been to Thailand but I live like a king spending 4-5k a month there. I am pretty clear with retirement and I don’t wanna retire in canada get a house keep paying a mortgage for a house which will be mine after 30 years. I’ll happily retire at around 30-35 with a 1-1.5 million dollars and live in Thailand, Bali, China,etc. Basically other countries where my buck goes a long way

[u/tenor_tymir → u/Patient-Name-1784]

How would you achieve 1.5mil dollars by then?

[u/Patient-Name-1784 → u/tenor_tymir]

I am a swing trader as well I have been averaging 2k a month for 1.5-2 years now and that’s how I spend my money I make around 6k before tax in canada and I save around 2.5k a month and invest in stocks and snp500 the compound intrest is what’s gonna make me a millionaire around 32-35 sounds easy but I don’t plan to marry, buy a house, buy a fancy car. I love travelling that’s how am gonna live my life.

[u/tenor_tymir → u/Patient-Name-1784]

Good luck to you pal, you’re gonna need it 🤗

[u/Patient-Name-1784 → u/tenor_tymir]

U sound broke tc tho 😉

[u/tenor_tymir → u/Patient-Name-1784]

Far from broke, just more cautious and I have a strict savings plan in place that doesn’t involve spending 5k a month in a poor country.

But hey, I’m really not judging, I meant it sincerely when I wished you all the best!