Company for former History teacher to trade?

kmiklas · Feb 3, 2021

Hey All,

I have a retired friend who's getting interested in the market. He was a U.S. History teacher for 30 years, was in law school for a stint, and also studied a bit of economics.

What company or industry would best leverage his experience? I was thinking Fx, because of how history relates to international affairs... but I feel like I could do better.

Thanks,
Keith

Overnight · Feb 3, 2021

kmiklas said:
Hey All,

I have a retired friend who's getting interested in the market. He was a U.S. History teacher for 30 years, was in law school for a stint, and also studied a bit of economics.

What company or industry would best leverage his experience? I was thinking Fx, because of how history relates to international affairs... but I feel like I could do better.

Thanks,
Keith

History is the past, which does not portend the future. Tell him to invest his stash in a Vanguard index fund and never look back.

Snuskpelle · Feb 3, 2021

Not sure if there will be any advantages that carry over into trading from history teaching...

ValeryN · Feb 3, 2021

Keith, is there any particular reason you are not offering him something similar to what you do?

Might be easier to guide him this way.

Val

BMK · Feb 3, 2021

"Past performance is no guarantee of future results."

Specterx · Feb 3, 2021

kmiklas said:
Hey All,

I have a retired friend who's getting interested in the market. He was a U.S. History teacher for 30 years, was in law school for a stint, and also studied a bit of economics.

What company or industry would best leverage his experience? I was thinking Fx, because of how history relates to international affairs... but I feel like I could do better.

Thanks,
Keith

Dude, don't encourage your retired teacher friend to speculate in leveraged financial markets. Tell him to take up gardening, art, woodworking, poetry, foreign languages, cooking, chess, online gaming, anything but trading forex.

lindq · Feb 3, 2021

kmiklas said:
Hey All,

I have a retired friend who's getting interested in the market. He was a U.S. History teacher for 30 years, was in law school for a stint, and also studied a bit of economics.

What company or industry would best leverage his experience? I was thinking Fx, because of how history relates to international affairs... but I feel like I could do better.

History? Buy and hold.

clacy · Feb 3, 2021

I would recommend he trade a small micro futures account (<$10k) for at least a year profitably before he worry about trading more significantly

ZBZB · Feb 3, 2021

Look up Nial Ferguesson on YouTube. He is a history professor. He understands finance.

kmiklas · Feb 3, 2021

Overnight said:
History is the past, which does not portend the future. Tell him to invest his stash in a Vanguard index fund and never look back.

Yes... but there's a difference between history and a former history teacher.

ValeryN said:
Keith, is there any particular reason you are not offering him something similar to what you do? Might be easier to guide him this way. Val

I'm in balls deep man... trade tech, quant, algo, hedge funds... way out of his league.

Snuskpelle said:
Not sure if there will be any advantages that carry over into trading from history teaching...

I think that there is... but where?

Specterx said:
Dude, don't encourage your retired teacher friend to speculate in leveraged financial markets. Tell him to take up gardening, art, woodworking, poetry, foreign languages, cooking, chess, online gaming, anything but trading forex.

HA! Good comment, I must admit! But there's got to be some corner of the market that's right for him. He's interested!

lindq said:
History? Buy and hold.

Yeah... just yeah.