How does one making 45K save up so much money?

He's probably a Juden that has stolen money from others, like Jews usually do.
Like Jew Moshe.

well he is jewish
they always lied about having human intelligence
~115 is max they can achieve and they send bottom here so he is probably around 60

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good news for him, amerimutts are going to die for israel and oil will go up.

>Investing in commodities other than water

why didn't this faggot just put it all on AMD like everybody else is

>28
>life savings
>mostly inheritance
Also, this

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>putting life savings in a fucking slot machine
wew lad, got what they deserved.
imagine going into a casino and throwing your whole livelyhood down on black because the dealer told you it was "good odds"
>inheritance
imagine pinching pennies for your whole life, and even being frugal through your final years just so you can leave your shit stain relatives a little something, and then they go and throw it all into bogus oil stocks like some fuckboi

>boo hoo how can I raise a kid on a 40k per year salary
people raise their whole families off of less. quit crying fag. you knew the risks when you threw your money in there

>go all in
well there's your problem.

Stop gambling

If he's long, he should just hold onto the ETF shares instead of panic selling. People are retards. It's not like oil is going to stay this cheap forever. If prices stay this low for longer than a year there won't be an oil company that won't go bankrupt. Oil right now is priced far below its value.

Thanks for playing. Add another 175k to continue

He shouldn't worry, as long as he's alive he can catch up and make more money for Mr. Schmidtzenbergstein Goldwell

these idiots are what cause the most problems in trading, "durr durr , let me invest my life savings in one trade" , if everyone actually followed proper risk management etc the market risk would be very low.

>not buying bitcoin

LMAO

> trading derivatives while not an accredited investor
What a fool

The OP is Jewish. Look at his flag. He is lying because it’s in his nature. He wants other wagies to feel sad and discouraged that they didn’t save up $200,000 by age 28.

they think reddit is a replacement for going to school and trading for a year with small amounts to learn the markets

Trade on margin - go bankrupt. It is a pretty simple system.

He's gonna kill himself when oil does recover.

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If you're smart you can make your money work for you. Every person I've met that complains about not being able to afford shit is a dumbass who spends their money on stupid shit. Some people use their disposable income in investing and get decent returns from it.

>all these mouth breathers calling anyone that does a risky investment “Jewish”

LMAO this is why they’re richer than you

That person is clearly a moron that never should have been trying to margin trade or even invest in risky trades. If you don't know what you're doing its no better than showing up to a poker game with your life savings having barely learned the rules. There is a reason millionaires can loose everything and become millionaires again, while others will every once in a while find a break and waste it. No sympathy

Wait for what dumbass? You have no idea what you are talking about. An ETF isn't going to recover just because oil prices do, the ETF is invested in oil futures, which are contracts with set dates.

Stupid redditors

Fuck you

He didn't have 175k, he was leveraged.

The fires of greed will burn the weak

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This

>180k
>big amount of money
fucking pleb. A decent house will cost you 300k easy.

This is just the beginning bud. Oil prices going negative was just a quirk of one location (Cushing) in one country (US) filling up to storage capacity of oil. This is going to happen the world over in about a month, as everywhere there is a glut of oil because of the Saudi Price war, and nowhere for it to go because of Corona.

Right now, there are 24 super tankers filled with Saudi Crude sailing to the Gulf Coast, and more of those going to places in Europe, and even more to Asia. The Saudis are crashing the oil market with no survivors to force the Russians and almost every major oil producer out of the market.

>Not just hodling crypto for 5-10 years

I'm a financial analyst. So first of all, they inherited most of it. Says so right in the post. But, let's assume you start at 20, investing $500 a month. You'd still have to earn something like 30%-35% annually to end up with that kind of balance if, again, you started at 20 and now you're 28. The real question is how did he LOSE 98.9% overnight. There are a few of possibilities. He could have been invested in some risky financial instrument based on WTI crude prices, for example. Maybe he was in an inverse leveraged ETF. And when that went from $20/bbl to $1/bbl in like 48 hours (after going negative) that could explain it. Maybe he was 100% invested in a penny stock that went from $0.01 to $0.001 in a day or so. Maybe he bought some weird cryptocurrency that went belly up overnight. Hard to say. The lesson here for all you dumbass Wolf of Wall Street fuckers is that when you take extreme risks you usually lose everything. The easiest way to lose a million dollars is when you try to turn it into five million dollars.

As far as what should he do? Huy index-tracking ETFs like SPY (for the S&P 500) or DIA (for the Dow) and not fucking touch them for 35 years. Reinvest all dividends. Take your employer match, no matter what. try to invest 15% of your income at least in the index ETF. In 30 years, you'll wake up with $750k plus your home value and you'll be an on-paper millionaire. Add in Social Security (even if it gets cut by 25% in the 2030s) and you will retire very well. He has time and as long as he doesn't try to cheat and buy some stupid crypto or otherwise try to take shortcuts to financial success, he'll be just fine.

Weird. I put money in five different oil stocks on Monday and it’s up over 6% overall

Obviously the answer is to hold. Buy more too. Where can we buy whatever he was investing in? Is it stocks?

should have invested in toilet paper and tampons, those dividends were very small but a sure thing. Greed lol, all my friends that told me toilet paper and tampons investment didn't have enough gains are fucking sorry right now.

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So hold for 6 years then