12 December 2020

I YOLO'd my ENTIRE Life Savings onto the Stock Market

12 December 2020 · 14:28

Space play/pause · J/L seek 10s · [ ] previous/next

Summary

He put £20,000—most of his life savings—into stocks; the main account is up £3,125 after briefly reaching £4,500. He switched from dividends to speculative growth, trusting stock-market YouTubers instead of researching companies and waiting for predicted pops. He anticipates Palantir above $30, Landcadia 2’s December 18 merger, Tesla at $700, and American Airlines exceeding 50% gains.

Insight

Confidence in predicted rebounds outweighs his limited knowledge and extreme concentration of savings in volatile bets.