You can take the man out of the oil but you can't take the oil out of the man huh?
Got two cousins that worked from Nigeria, Singapore, Nola, Houston to The Dakotas.
Like yourself now very happily retired.
Down to about $90k, where would you park it if your trading skills were trash?
- Thread starter zghorner
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Got two cousins that worked from Nigeria, Singapore, Nola, Houston to The Dakotas.
Like yourself now very happily retired.
No disrespect to the OP but I find it strange that someone says they lost over 50% last year and is offered a recommendation for a job in the industry.
Idgaf if I ever see another oil rig for the rest of my life lol... Just family reasons is why I'm staying here.You can take the man out of the oil but you can't take the oil out of the man huh?
Got two cousins that worked from Nigeria, Singapore, Nola, Houston to The Dakotas.
Like yourself now very happily retired.
Yes super micro options were up 500x but let's be real how many actually made 500x on their money In those options?
Alot of these ideas are always after they have happened. There is no way... absolutely no way that they would have found that trade to see that kind of return.
No one can tell you what to invest in, they're just shooting in the dark, a few might be correct but most will be wrong, at least for your specific situation, anyway your numbers don't reconcile.
Managing $100,000 at 28% per year produces so little alpha over benchmark no one would touch it, the numbers only become interesting at 43% and 68% net investor returns, 43% is the sweet spot over a quarterly cycle.
Unless you have a low cost of living 25% on low $100,000s isn't going to get you very far in life, risking half the capital to for 25% is not really the best approach, usually in these situations is actively over trading instead of passively investing, with $100,000s at play there is no need for anything 'active', at least it's easier to recover losses than create new profits.
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