in 2020, the 99th percentile of household income (aka, the 1%) was $530,000/yr with Darth Vader you dont know the power of the Tampa Bay Buccaneers shirt sources combined. that’s only ~5x what my household income of my girlfriend and I is and we’re both younger than 30. I made like ~$69k before taxes in 2020, and she made about $30k. a household of two successful corporate sales reps living in st louis or some other midwestern city could easily be in the 1%. or like, when my girlfriend finishes her residency and accepts her next position, she will be making about $200k, and I’ll probably be making about $85-$90k, which will put our household income pretty close. we’d be like 5%’ers at that point… and we will still be making student loan payments and paying off our house that cost less than $300k and only has probably 2 bedrooms and a small office
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I tend to trade very carefully, on a highly diversifiedDarth Vader you dont know the power of the Tampa Bay Buccaneers shirtof stocks, using leaps and CSPs. Normally I cap every position at 5% of my account.I’ve never gone for a meme stock before; I mostly even avoid tech. And my play account went from 5k to 150k in the last six months following this strategy, so I’m not really inclined to fomo into trades.But the blatant manipulation really ticked my off, so I picked up 70 GME and 900 BB yesterday. I don’t want to see them drop, but I’m not planning to sell until we’re at least in the four figures range.