Background: I'll keep this short and as little emotionally dependent as possible. I did everything right, started saving for retirement at 22, amassed a savings of about ~$200k by the time I was in my late 20s, no debt, >800 credit, diversified stock portfolio, index funds, and had a 6 figure job. I discovered margin trading and investments on the side when I was bored with my job. I got hooked into making my bi-weekly paycheck on trades that I would pull off in an hour. I started taking big positions. $5k, $10k, $20k, over the course of a few months I made 7 figures. I quit my job shortly after. And then I stopped winning - I often realize that my first win was my last win. I held onto positions that depreciated signifanctly, chased losses, and worst off took money from a joint account to pay for rent/expenses while I was unemployed. Well, my positions all bled and I found myself in a situation where I needed to repay the amount of money in the joint account, having been in a $50k deficit, I cashed out my 401k. I cried that day. My retirement gone. It was then I knew I was in a very serious situation.
So here I am now, after >8 months of unemployment, losing my life savings, retirement, I'm in the hole about $10k. I also have $3.5k credit card debt and I recently got offered a job paying $90k a year, though it wasn't the line of work I wanted to do. I figured I would bite the bullet until I found something better.
Just looking for some advice here..the lies and deceit of gambling along with destroying my foundation have made it difficult to see a light at the end of the tunnel. I obviously want to pay back my debts and get that over with, but I cant help feeling Im significantly behind in life now. FWIW I will be 29 in 6 months.
Submitted February 26, 2019 at 03:04PM by GamblerSecondChance9 https://ift.tt/2TdLvMP
