Ah ahhhhh! Now the truth comes out.
The experts agree, the ability to predict direction is key, no matter what you do. Thanks for the confirmation fellas.
_________________________
There is a problem in trying to dialogue as an amateur, with sophisticated, expert, long term experience and opinions. Plus I find the intricate multi- layer strategies frightening. I don´t have the instinctive feel, and even at this point, do not understand some of it.
The question in my mind, is all this necessary? I mean I admire a famous piano player ( though that has gone out of style now ) Especially in those movies, where they get up on a stage, sold out to an expensive audience paying $50 to a $100 bucks for a seat. Yet my limited experience in the well rehearsed piano player field, is watching some alcoholic piano player, working the hotel bar room scene every night with mood music. Sure he is knowledgeable, gifted and has a lifetime of experience. BUT how much is he actually making from his skills?
There is the rub, in trying to deal with the experts on here, who I admire for their knowledge, years of experience and skill. Something I cannot do, nor am I yet convinced this is the way to go.
It comes down to RETURN ON INVESTMENT per annum. What are they actually making in dollars and cents?
MARKET WIZARDS the copy I have here, says around 40% per annum makes you a MARKET WIZARD.
That said and taken as a ball park figure, isn´t very good. Mind you that is an amateur´s opinion. Lets say I give ATTICUS, or OPTION COACH ( no offense guys ) a $100,000 to manage for me. Do you think they will earn $300,000 a year with it? I don´t know and all experts are very careful not to reveal their earnings, or lack thereof. But with $300,000 a year, and one third goes to the tax authorities. Keep my original $100,000 and we have $100,000 to split with my EXPERT OPTION TRADER money manager. Say 50 - 50. So my net take on a $100,000 would be 50%. If I took that as a dividend, I would pay 15% in dividend taxes. which would leave me with the Market Wizard standard of 42.5%. Thereabouts.
Is this good? Is this even possible? Until these expert symphony orchestra knowledgeable class option traders give us a rough idea of their RETURN ON INVESTMENT, there is no way to judge that their expertise has worth in the market place. After all the USA economy and government is based on the dollar and making money.
That said, I tend to go to the premise of ( the money is in legally avoiding taxes ) Lets say you made $300,000 but it was for a Chartitable Foundation, or you started a church and religion or something that was tax free. Then you start to roll up the money.
Comments?
The experts agree, the ability to predict direction is key, no matter what you do. Thanks for the confirmation fellas.
_________________________
There is a problem in trying to dialogue as an amateur, with sophisticated, expert, long term experience and opinions. Plus I find the intricate multi- layer strategies frightening. I don´t have the instinctive feel, and even at this point, do not understand some of it.
The question in my mind, is all this necessary? I mean I admire a famous piano player ( though that has gone out of style now ) Especially in those movies, where they get up on a stage, sold out to an expensive audience paying $50 to a $100 bucks for a seat. Yet my limited experience in the well rehearsed piano player field, is watching some alcoholic piano player, working the hotel bar room scene every night with mood music. Sure he is knowledgeable, gifted and has a lifetime of experience. BUT how much is he actually making from his skills?
There is the rub, in trying to deal with the experts on here, who I admire for their knowledge, years of experience and skill. Something I cannot do, nor am I yet convinced this is the way to go.
It comes down to RETURN ON INVESTMENT per annum. What are they actually making in dollars and cents?
MARKET WIZARDS the copy I have here, says around 40% per annum makes you a MARKET WIZARD.
That said and taken as a ball park figure, isn´t very good. Mind you that is an amateur´s opinion. Lets say I give ATTICUS, or OPTION COACH ( no offense guys ) a $100,000 to manage for me. Do you think they will earn $300,000 a year with it? I don´t know and all experts are very careful not to reveal their earnings, or lack thereof. But with $300,000 a year, and one third goes to the tax authorities. Keep my original $100,000 and we have $100,000 to split with my EXPERT OPTION TRADER money manager. Say 50 - 50. So my net take on a $100,000 would be 50%. If I took that as a dividend, I would pay 15% in dividend taxes. which would leave me with the Market Wizard standard of 42.5%. Thereabouts.
Is this good? Is this even possible? Until these expert symphony orchestra knowledgeable class option traders give us a rough idea of their RETURN ON INVESTMENT, there is no way to judge that their expertise has worth in the market place. After all the USA economy and government is based on the dollar and making money.
That said, I tend to go to the premise of ( the money is in legally avoiding taxes ) Lets say you made $300,000 but it was for a Chartitable Foundation, or you started a church and religion or something that was tax free. Then you start to roll up the money.
Comments?
