6M at the age of 22

[Anonymous]

Anonymous wrote:I’m pretty sure this is the same person who claims returns better than any hedge fund…now it’s his kid.

The only investments that could have gotten your kid to $6MM was crypto…with NVDA close. AAPL is up 5x, Amzn is up 3x, TSLA is up 10x…Only crypto exceeded 20x.

Do you now want to change your made up story…or are you now going to say he invested $275k in crypto and $25k in the rest.

Could have been playing with options, which can greatly accelerate the gains but is incredibly risky. This kid won, but as others have said, it is akin to a lottery.

[Anonymous]

My son did something similar, but he had 20 million in Euros.

[Anonymous]

Anonymous wrote:Let me also say that while I have serious doubts about the veracity of the post, this is what is wrong with America at the moment. No one wants the hard work. Everyone only wants the pay out.

In my opinion a kid who had the brain and the work ethic to get into Stanford (or similar school) and could afford it without serious debt would be better off emotionally and psychologically than a kid who did little work, didn't learn critical thinking and other skills taught in higher ed and then was suddenly rich.

It’s not like UNC is a bad school, it’s a great one. Also depends on career goals, if Stanford is worth it or not. If he wants to do med school or work at a non profit, be a lawyer but wants to avoid big law, do academia, he is in a great place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m pretty sure this is the same person who claims returns better than any hedge fund…now it’s his kid.

The only investments that could have gotten your kid to $6MM was crypto…with NVDA close. AAPL is up 5x, Amzn is up 3x, TSLA is up 10x…Only crypto exceeded 20x.

Do you now want to change your made up story…or are you now going to say he invested $275k in crypto and $25k in the rest.

Could have been playing with options, which can greatly accelerate the gains but is incredibly risky. This kid won, but as others have said, it is akin to a lottery.

Yeah...I mean if you go and backdate your trades...there are all kinds of ways to claim you turned $300k into $6MM, but then I assume OP would have said that.

It's just strange to say you had a 20x return and then list a portfolio where almost none had a 20x return. Also, NVDA and AAPL are the only ones that pay a dividend but they are very small.

[Anonymous]

That's great, OP! I am happy for your son, but the inference that you are trying to draw is flawed. Your son gambled and it paid off, and that's great. He is set for life. But gamble is typically not a good strategy, so most people should go to Stanford. Just like dropping out of Harvard is not a guarantee to become a billionaire.

[Anonymous]

Those stocks have been in our portfolio longer than that. I’m sure other people own some too. Complete lie.

[Anonymous]

Rubbish

[Anonymous]

AI thinks so

Mathematical Illustration

Let's assume an equal distribution of the $300,000 across these five assets, or $60,000 per asset, and use conservative estimates for growth multipliers from late 2019 to late 2025 based on historical performance and market projections:

Apple: $60,000 * 3x = $180,000 (conservative, actual could be higher)
Nvidia: $60,000 * 15x = $900,000 (conservative, actual could be much higher)
Tesla: $60,000 * 10x = $600,000 (conservative, actual could be higher)
Amazon: $60,000 * 2x = $120,000 (conservative, actual could be higher)
Cryptocurrency (e.g., Bitcoin/Ethereum mix): $60,000 * 20x = $1,200,000 (conservative, actual could be much higher depending on specific crypto and timing)

Summing these conservative estimates: $180,000 + $900,000 + $600,000 + $120,000 + $1,200,000 = $3,000,000

[Anonymous]

The lies u tell, OP.

[Anonymous]

What does your kid do?

I mean...the running joke at Stanford is that you only enroll in order to meet your co-founders and VCs and then drop out after a year or two.

Something like 10% of the CS kids drop out with funding. Some 20-year old kid just raised $5MM in 5 days and is worth close to $30MM on paper.

So, your kid could have maybe gone for one to two years, dropped out and received funding, but still have a $3MM portfolio...but possibly a $10MM or $20MM+ net worth.

[Anonymous]

Anonymous wrote:My DS was accepted by Stanford, full pay, in 2019, but decided to attend in-state UNC on a full scholarship (tuition+room+board). My FIL gave him that 300K, used to Stanford education, to aggressively invest in the stock market, and he bought Apple, Nvidia, Tesla, Amazon, and crypto in 2019. He showed me yesterday that 300K had turned into 6M. Had he decided to attend Stanford, he would not have 300K in the bank, let alone 6M.

Cool story.

[Anonymous]

Anonymous wrote:I’m pretty sure this is the same person who claims returns better than any hedge fund…now it’s his kid.

The only investments that could have gotten your kid to $6MM was crypto…with NVDA close. AAPL is up 5x, Amzn is up 3x, TSLA is up 10x…Only crypto exceeded 20x.

Do you now want to change your made up story…or are you now going to say he invested $275k in crypto and $25k in the rest.

No no, this is a new poster. You don't know her, she lives in Canada now.

[Anonymous]

Hard to say if he is ahead.

Money is not the only currency.

[Anonymous]

I mean, most kids making that choice among colleges don't actually have or get handed the tuition difference. Your kid was given quite a gift and made good with it. I hope he started a foundation and finds a worthy cause to champion.

[Anonymous]

Anonymous wrote:My DS was accepted by Stanford, full pay, in 2019, but decided to attend in-state UNC on a full scholarship (tuition+room+board). My FIL gave him that 300K, used to Stanford education, to aggressively invest in the stock market, and he bought Apple, Nvidia, Tesla, Amazon, and crypto in 2019. He showed me yesterday that 300K had turned into 6M. Had he decided to attend Stanford, he would not have 300K in the bank, let alone 6M.

Yawn. DH hit 30mil at 19.