Do you rely on your trading to put food on the table?

Do you rely on your trading to put food on the table?

  • Total voters
    68
  • Poll closed .
destriero said:
Why would you have a 401(k)? It's employer sponsored, pre-tax contribution. You just cannot help yourself with this utter BS? How big is your trailer?
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If you are self employed with a one-man corporation, you can have a 401K and control the investments.
 
DaveV said:
If you are self employed with a one-man corporation, you can have a 401K and control the investments.
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Yeah, I know. Thanks Capt Obvious.

He's been "retired" for 20 years. Nobody starts and LLC and calls up Fido Netbenefits to administer a 401(k). Trading a 401(k) is typically limited to longs-only. The VAST majority of 401(k) plans are MF only. Assume he has a pre-existing plan from his days as the CEO of Apple. You would roll it over into an IRA.

So let's say the guy has a corp and offers a 401(k)... WTF as the employer would you run ANY investments in a 401(k) over an IRA? You wouldn't. mIRAs allow options/spreads/combos and shorts.

The guy can't keep his fiction straight.
 
tiddlywinks said:
Yes. Plus shelter, clothing, transportation, health care, insurance of many types, infotainment, charity, and of course, discretionary spending.

It's not difficult through trading to greatly surpass these numbers...
https://research.zippia.com/living-wage.html
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If you are trading to replace a 50k a year salary then you aren’t a very good trader. And I don’t mean you aren’t good at picking stocks or whatever; I mean you failed to recognize one of the most basic risk rewards in your life and chose the riskiest option with the least reward.
 
Lee- said:
Were you hoping for a reply along these lines?

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Those look like shit and I am desperate for them. Or chicken-fried steak with gravy.
 
destriero said:
Those look like shit and I am desperate for them. Or chicken-fried steak with gravy.
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Use to be an old diner in Truckee that served a pretty good dose of chicken-fried steak, can’t remember the damn name..it’s probably gone and turned into a fluff cafe.
 
RRY16 said:
Use to be an old diner in Truckee that served a pretty good dose of chicken-fried steak, can’t remember the damn name..it’s probably gone and turned into a fluff cafe.
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I can't remember the name but it's still there. It was good but they couldn't control the flies so I haven't been back.
 
destriero said:
Why would you have a 401(k)? It's employer sponsored, pre-tax contribution. You just cannot help yourself with this utter BS? How big is your trailer?
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Not quite true sir. Even if you are a single person corporation, you can set up your 401K/pension. Lots of physicians do that. Or you can also set up a SEP if you are a sole proprietorship. After I quit my day job years ago, I had a SEP for years.
 
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