4.
“Bought over 3,600 shares of GameStop mid-January 2021 after seeing many posts about it. Worked out alright.”
—u/hirme23
“Man, that was a wild time. I remember my brother convinced me to buy GME options because ‘there’s a short squeeze, no way you can lose money bro, I’m telling you throw a good chunk in there, and you can’t lose.’ He had a history of risky investments, but I still threw in $1,000 of ‘what the hell’ money and ended up turning it into $20,000. My brother, meanwhile, YOLO’d $22K into options and turned it into $418,000. He ended up paying like $80k in capital gains taxes, but even after accounting for that, he was up like $316,000 on a single bet, having started with just $22K. Absolutely wild.”
—u/kyonkun_denwa
Source: https://www.buzzfeed.com/lizmrichardson/best-decisions-people-made-life-advice