Are you the 99%?

[Max E.]

Im trying to get into other things right now, but i am scared of investing in the U.S. I already tried bottom feeding and bought a house in California, i ended up selling it and dumping 50k plus the amount i lost in the devaluation of the U.S. dollar over that period.

I bounce around between here and Canada, and just don't spend enough time in one place to justify buying a house to live in. I currently have all of my money in Canadian dollars, except for a couple hundred thousand i keep in my trading account which i need to have for the ability to trade. (if i could keep that in Canadian dollars i would)

I have been thinking about buying 3-4 cheap houses in Phoenix, and getting a company to manage the properties, i have talked to a couple people who are apparently getting a yield greater than 10% pretty easily but that brings a whole slew of new problems, andi just don't know how much i want to tie up money in U.S. dollar denominated assets, or how much i want to deal with the hassle of being a land lord.

You are right though, i need to put money to work elsewhere to insure my future, i just don't know where, and i want to find something which doesn't require a lot of time on my part to manage. Plus im scared of committing money to new ideas where i dont have any experience.

Quote from jem:

You have to put another iron in the fire.
It will make your trading better.

I made money daytrading for a 5 to 7 years but then I got married expenses went up and trading got more difficult.
I could not tolerate much drawdown... so I had to do something else.

Had I had another iron in the fire. I would have just traded less for a while until my style work well again or I could tolerate a bit more drawdown.
I went down about 15,000 off my high and quit daytrading. (it was also the time wasted... as I was still profitable before commissions.)

Now I work my butt off. Make good money, but hardly have time for swing trade.