6M at the age of 22

[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.

[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.

I believe it. That is great. Remember in certain circles UNC will never be Stanford.

[Anonymous]

Anonymous wrote:

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.

Yawn, my DH hit 2 billion at 16. Bunch of losers here.

[Anonymous]

Congrats to him. How many 22 years old in America has $6 mil? I don't think there are that many.

I think he will be okay in life. He is unlikely to be poor. Money isn't going to be an issue. However, he shouldn't neglect his mental health. Mony solves problems, but money doesn't always fix your mental health issues. The former owner of the Colts was a billionaire, but he has demons and couldn't get out of his alcohol/drug addiction.

Money doesn't impress me. Someone who says their mental health is awesome impresses me.

[Anonymous]

Show the math, OP.