Reply to $2M home w/ $160k HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can you tell us more about that stock? [/quote]

Sorry, I should have been more clear. Can you tell us more about how you made that kind of money in the stock market? I have about $135k coming in from real estate investments and I would like to put some in the market. Are you doing options trading, or anything complicated? I’m assuming that you didn’t make that kind of money in mutual funds. [/quote]

Nothing crazy....the first $100k is the hardest.  Bought Home Depot, Costco, Tesla, Match, Amazon, etc. etc. a little bit at a time all during 2010-2019. Kept putting what I could into my accounts.  Was eventually able to get my account up to about $430K.  I am an avid reader of Barron's, and I read the issue in the earlier part of this year where they had a special issue on sports gambling.  I was entirely convinced of the outlook for that industry and bought warrants for DEAC back in Jan./Feb.  I kept buying during March when the market tanked, and had about $60K in warrants (I forget the exact number I had), with an average of about $1.91.  DEAC eventually reversed merged into DraftKings, and the warrants skyrocketed to about $35 when I sold.  That play netted me almost 18x (about $1M).  There were a lot of other picks too.....if you haven't been paying attention, it has been an absolute bonanza with SPACs and SPAC warrants.  I also had $30K in SHLL warrants, and another $40k in VTIQ warrants (which turned into NKLA), and $40K in TRNE warrants.  Those ended up turning into about another $2.5M....especially when NKLA went up to $80+.  Sure, NKLA is garbage now, but I got out before the hype train burst.

Basically, buying a lot of stocks earlier in the decade, then flipping the gains into SPAC warrants.  [/quote]

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