Best places to live for starting traders:

[cashonly]

How about the USVI?

No state = no state taxes.

 

[Platypus]

Vegas sounds like a good option to me.

you have some prop firms there

the casinos will teach you about positive expectancy / stupidity

and most important, you can get flexible good paying afterhours work to pay your rent...

and then the buffets..

 

[Platypus]

as long as you can stand the heat..

 

[taxman]

Originally posted by JWKirkland
The last thing you need to worry about as a starting trader is state taxes....what you should worry about is making money. If you have to go to the ends of the earth to learn the business, then GO!!!!!!!

When you have to worry about state taxes, you are not making enough money.

I tend to agree. State taxes end up as a deduction on your federal return anyway, so the impact isn't as big as one might think.

 

[uptik2000]

Originally posted by rtharp
or San Diego........

, incredible scenery ( that walks around the neighborhood) , .

Robert

Robert,
can you PLEASE stop mentioning this part...everytime you do...I start looking for available apartments in San Diego.

 

[cashonly]

Originally posted by uptik2000


Robert,
can you PLEASE stop mentioning this part...everytime you do...I start looking for available apartments in San Diego.


Visualize! And it will happen.

You don't need to go to SD, just do as your tagline says!

 

[Thug_Life]

http://www.expatworld.org/article1.htm

 

[bungrider]

Originally posted by Thug_Life
http://www.expatworld.org/article1.htm

From there-

"...it was with some amusement that a United 747 listened to the following exchange between Frankfurt ground control and the pilot of a British Airways 747 (call sign Speedbird). Speedbird: "Good morning Frankfurt, this is Speedbird, we are clear of the active runway." Ground: "Guten morgen, taxi to your gate." The BA 747 pulls onto the main taxiway and stops. Ground (brusquely): "Speedbird, do you not know where you are going?" Speedbird: "Standby ground, I'm looking up the gate location now." Ground (with typical German impatience): "Speedbird, have you never been to Frankfurt before?" Speedbird (coolly): "Yes, several times in 1944, but I didn't stop." "

 

[wild]

extremely funny and probably as true as the enlightening report on Switzerland ... British Airways 747 pilots are generally aged 75 +

 

[daniel_m]

Originally posted by N.ShoreTrading
Just read the "State Income Tax" thread started here. I've moved a few times for just that reason. Seems there are really great areas to live for a beginning trader, financially. I'm currently planning a move to Las Vegas soon, and would think it would be very easy to start a small "trader-community" there.

1) Nevada- Very low cost of living, no state income tax, just watch out at the gambling tables!! Also flexible employment offered at night in casinos while learning profitable trading.

Vegas is cool fun to live in. And, like many others have mentioned, state taxes don't really enter into the equation until you're actually making income from trading, housing costs are very low.

The great thing about the west coast is that if you're chomping at the bit to make some trades, and haven't saved up much in living expenses (to get you through that 3-12 month learning curve), you can always get an after hours job pretty easily. (Especially in Vegas).