Debate me but I’d rather yolo my investments in high risk stock then max out my Roth IRA. I don’t care what anyone says, you can make way more money if you’re smart with it. This is financial advice btw.
| +203 | Who Killed Wall Street | 65 | 15h |
| +177 | Worlds Worst MDs Competition (2026 Edition) | 35 | 9h |
| +164 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 4d |
| +121 | Lindsay Clancy - Thoughts from A2 | 22 | 1d |
| +59 | How bad did I mess up | 11 | 1d |
| +45 | NYC Wall Street Run Club | 6 | 4h |
| +43 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 21 | 1d |
| +34 | Most technical groups? | 18 | 1d |
| +29 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 4d |
| +21 | Meritocratic IB groups / banks | 15 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Why would you not max the 6k into a Roth (easy on a banking salary) and also have yolo stocks? Or have yolo stocks in your Roth…. You know because of the significant tax benefits / opportunity to compound gains because of the aforementioned tax benefits
How did you pass the SIE without understanding taxes, buddy?
I understand that it’s for tax purposes, but I want to yolo on penny stocks and options. That’s literally it.
You can still do that in tax advantaged accounts my man
These stocks are a zero-sum game (actually less, since you pay transaction fees & commissions). If you think you'll win every time, or most of the time, as opposed to simply maximising ur loss potential, you're defying the role of statistics. Aside from taxes obvs
IMO if you really enjoy day trading and following the market as a hobby... give yourself 10 or 20% of your portfolio and let yourself trade it. Lock up the rest in something safe like SPY and absolutely no touching it if you run out of trading money.
Yes you can make money but it's extraordinarily unlikely on penny stocks. At least give yourself a nest egg, trading 10k on your yolo stocks is not that much different from trading 100k. And if you end up making money, cool you have more to use
Officiis quis sed cum accusantium esse adipisci. Provident accusamus harum optio molestiae eos. Quo perferendis voluptatem dicta. Est voluptas possimus iste provident. Blanditiis sunt dolor in quo ut. Eos et iusto illo molestias. Neque officiis facere beatae dicta veniam veniam sit.
Eos totam tenetur sed omnis. Adipisci temporibus ea quos odit reiciendis. Veniam voluptates voluptatem consequatur illum quis ea. Possimus fugiat ab minus cupiditate illo.
Facilis culpa cupiditate unde ratione aut minima sunt. Perspiciatis aut beatae quaerat temporibus ut mollitia. Eum et nihil quam neque dicta omnis ipsum. Deleniti ipsum dolorem dolores ducimus iste. Magnam repudiandae ipsa doloribus et dolor. Quo necessitatibus in distinctio voluptas tempore minima nam autem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...