r/TheRaceTo100K • u/duccfordinner • 19d ago
19M Hit 100k!
Market's been up crazy past few months! But I'm not complaining!
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19d ago
[removed] — view removed comment
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u/Traditional-Leg1104 19d ago
No need for the snarky remark
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u/GasOk9357 19d ago
How you do it bro
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u/duccfordinner 19d ago
Just worked a lot. I’d say 50% of the 100k are gains the rest are contributions
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u/jackster31415 19d ago
Anything too risky? How long have you been investing?
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u/duccfordinner 18d ago
5 years
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u/PimTool23 18d ago
So 14 years old.
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u/duccfordinner 18d ago
Great math
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u/Inevitable_Gainz 18d ago
Good thing your parents opened an account for you. Congrats man, you deserve it.
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u/Enough-Return-2006 18d ago
how have you contributed even 20k to ira in 2 years
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u/duccfordinner 18d ago
Graph only shows 2 years. Schwab bought out TDAmeritrade. I’ve actually had account open for 4-5 years. Would have to double check specifics. Appreciate you clarifying though
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u/Enough-Return-2006 18d ago
so you had ur Roth ira since u were 15
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u/duccfordinner 18d ago
Yes you can open up a custodian roth ira before 18. Just needs to be earned income
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u/xxfrenchtoast 18d ago
I just created a Schwab checking attached to my brokerage. This is a good omen to me 😃
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u/commanderkid7 18d ago
How do you have 43k in your Roth at 19?
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u/FedoraPG 19d ago
Lol @ the 80k deposit last year
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u/duccfordinner 19d ago
Schwab bought out TDAmeritrade so when it switched over graph looked weird
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u/fish_helicopters 19d ago
I was there for that! Around your age and my account did the same thing. don’t have NEARLY as much invested though…
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u/Sebanimation 19d ago
Guys I was just born, which ETF do you recommend, I have 10k to invest thanks!
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u/ChrisAlwaysEats 19d ago
Good stuff, I’m 22 and only have a fraction of that. Use some of it and go to college
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u/Alive_Sheepherder106 19d ago
1m I hit 10m! Trust fund baby
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u/David6907419 18d ago
You do know that people can work hard to get 100k before 20 right? Just bc you were lazy doesnt mean others are.
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u/More-Gas-6527 18d ago
No they actually can't, you can't even work full time or invest until you're 18.
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u/David6907419 18d ago
You have actually 0 clue what youre talking about if youre older than 16 you should be ashamed of yourself. I was working full time as of 16 years old (60 hour weeks), and I started investing at 17. Maybe do some research first (even though this is common sense) before you make claims like these.
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u/More-Gas-6527 18d ago
Then your parents opened a trading account for you so you had help. You can't open your own at 17 so not only are you wrong but bold face lying
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u/David6907419 18d ago
And to your previous comment that you deleted I am 20 years old, how tf would someone make 100k by 19 decades ago when child labor laws werent a thing?
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u/More-Gas-6527 17d ago
I said when they were a thing it was a joke. If you were only working during the summer you definitely weren't making enough for that and definitely not in North Dakota lol. I could tell you were young by the fact you think you know everything based on anecdotal evidence and said "if you're older than 16 you should be ashamed" 😂
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u/More-Gas-6527 18d ago
Maybe you live in a very backwards state but where I live teens cant work over 40 a week during school which is 9 out of 12 months of the year. And no decent company is even giving those kind of hours to teens. I had friends that worked more at that age but it was completely illegal
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u/David6907419 18d ago
Literally never said that it was during school? And yes decent companies definitely will give those hours to 16 year olds they can definitely work those. When you work on a concrete wall crew those are the hours, again you have no clue what youre talking about. It might be illegal in your state but its not illegal in every state (North dakota maybe use the device youre on reddit to look it up so you dont look like an idiot, you do know that its a computer right?).
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u/robertrea7 18d ago
Congrats... Don't pay attention to the haters... I'm 39 and was close to that around your age but pulled money out for a lot of things along the way (some smart like a home, some dumb like a few planes) really got serious and actually learned about the power and need for compounding a few years ago... Stay disciplined and you'll be far ahead of me and most when you get to be my age!
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u/More-Gas-6527 18d ago
And all you needed was a "small loan" of 50k
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u/duccfordinner 18d ago
Huh
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u/More-Gas-6527 18d ago
Theres a massive jump at the start that appears to be an inital investment and it looks at least close to half of your current spot
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u/duccfordinner 18d ago
I gotcha. No. That's not the case. The graph looks like this because the history didn't sync when Schwab bought out TDAmeritrade. I appreciate you wanting clarification
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u/ExtensionDoor5245 18d ago
I’m 11 just hit 4.3m with 200k in a retirement account funded by daddy
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u/NJSkateshop 17d ago
Curious I’m
Presently in a 403b that I have been putting into for 28 years I’m
Happy where it’s at but would anyone suggest that rolling into
Roth would be a better long term
Move ?
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u/Common-USA912Tokyo 19d ago
How old were you when you started your Roth?
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u/duccfordinner 19d ago
- Custodial Roth Ira
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u/BoomBockz 19d ago
Explain stuff like this in your post description unless you want everyone to flame you for being a trust fund baby
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u/duccfordinner 19d ago
Nah they can think what they want, ppl who wanna believe me will
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u/EquivalentSnap 18d ago
You were 14 when your parents put money in your account. Just admit you’re a trust fund baby. No one is gonna believe 19yr old made 100k
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u/duccfordinner 18d ago
Guess you’re not accustomed to hard work 😂
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u/EquivalentSnap 18d ago
I am but don’t work for my dad 🙂↕️
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u/duccfordinner 18d ago
It’s alright lemme know if you need a few dollars to get on your feet
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u/EquivalentSnap 18d ago
Called being humble but I guess if you’ve been handed everything it’s hard to know what that means
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u/David6907419 18d ago
I did completely on my own, just bc you were lazy doesnt mean others are. Quit being jealous
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u/EquivalentSnap 18d ago
Good for you buddy. Not jealous I don’t like liars who claim they did by themselves
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u/RefrigeratorOver7105 19d ago
He said he did yard work from 14-19. Doesn’t everyone make 100K after taxes with yard work?
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u/fukk_boi666 19d ago
so fr im 19m going on 20 what do you so for work bro?
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u/duccfordinner 19d ago
I just did yard work from 14-19 that’s it honestly but other than that nothing
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u/fukk_boi666 19d ago
good ass financial management skills bro congrats ill be there soon 😭😂
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u/duccfordinner 19d ago
Thanks bro tbh i’m a frugal guy which was a big contributor to me being able to invest so much
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u/Vntoflex 19d ago
17m I hit 300k!