How many here started in their 40's?

[Robert Morse]

Define worth the time and effort.

Account with $250,000. I can buy $250,000 of SPY or a mutual fund that is similar and go get a full time job, vacation and hand out with my friends, and match the S&P 500 returns. No effort, no time. I know people that have done that for the last 25 years and have been happy with that choice. If I have to trade full time or part time but put in hours a week that could have been spent on other activities, and my returns beat the S&P by 2%, was that worth the time and effort, not to me.

 

[Robert Morse]

Define reasonable volatility.

I can't to a number. Just the concept. Let's say the "market" is up 6% this year with swings of X and a STD of Y. If I match that same end of year 6% but my swings and STD were much higher, it was not worth the risk.

 

[vanzandt]

40s????? Thats ancient

FU

 

[systematictrader]

I would define successful:

For an investor- beating the S&P 500 consistently, that it is worth the time and effort.

For a full time trader- being able to have fun and make a living running their own business.

u said it the best,
crazy how many people think they succeeded cuz they made money yet they made less than buy and hold, not only they lost on money but their time as well

 

[systematictrader]

Account with $250,000. I can buy $250,000 of SPY or a mutual fund that is similar and go get a full time job, vacation and hand out with my friends, and match the S&P 500 returns. No effort, no time. I know people that have done that for the last 25 years and have been happy with that choice. If I have to trade full time or part time but put in hours a week that could have been spent on other activities, and my returns beat the S&P by 2%, was that worth the time and effort, not to me.

i agree

 

[Robert Morse]

u said it the best,
crazy how many people think they succeeded cuz they made money yet they made less than buy and hold, not only they lost on money but their time as well

I'm personally not comfortable with being long the market with 100% of my savings, ALL the time. I prefer an active manager, so I use CTAs.

 

[systematictrader]

I'm personally not comfortable with being long the market with 100% of my savings, ALL the time. I prefer an active manager, so I use CTAs.

well thats a simple answer for a loaded question, some people are comfy being long 100% of their savings cuz they expect to be richer in the future and that 100% wont be 100% any more, also some want to become the CTA themselves, and they got to prove they can do it with their own money before they can prove they can do it with other people money

 

[systematictrader]

I'm personally not comfortable with being long the market with 100% of my savings, ALL the time. I prefer an active manager, so I use CTAs.

its also a function of age

 

[Robert Morse]

its also a function of age

Ouch!

 

[vanzandt]

I'm personally not comfortable with being long the market with 100% of my savings, ALL the time. I prefer an active manager, so I use CTAs.

CTAs. ?
No luck googling that one. Unless you let Canadian Triage Nurses manage your $'s.