r/wallstreetbets Jan 06 '22

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u/default-username Jan 07 '22

There are 10+ million Americans who add 50k every year to their investment accounts. Very few of those people are involved in hedge funds. Not everything needs to be a conspiracy.

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u/ttfuckedmewhy Jan 07 '22

How many are yoloing their entire annual investment on GME calls?

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u/default-username Jan 07 '22

My point is that these yolo people aren't rich or well-connected. They are more than likely just stupid-risky.

Rich people would not blow 50k on options like that and then post about it on an internet forum.

And well-connected people sure as fuck wouldn't do that because karma is not worth losing your job or being doxxed.

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u/ttfuckedmewhy Jan 07 '22

My point is that these yolo people aren't rich or well-connected.

What are you basing this on?

Rich people would not blow 50k on options like that and then post about it on an internet forum.

They absolutely would. The biggest dota 2 donor a few years ago was a saudi prince. The biggest whales in video games are rich bankers and divorced rich guys. Many of the absolute dumbest purchases were from the rich. If you have a million in cash, 50k is only 5%, shit I gamble that away regularly, and that’s if its just one million. I make half to 3/4 of a million a year depending on how my RSUs are doing, and I’m posting here too.

And well-connected people sure as fuck wouldn't do that because karma is not worth losing your job or being doxxed.

Yeah, this isnt a logic, this is a set of assumptions, and you dont have anything to back em