Quote from alex.samant:
germantrader: there are investment vehicles like real estate that can yield you a lot of % yoy. just think of buying a 100K euro apartment that you then rent it for 2K / month and you have a 24% return on your investment yoy. buy 5 or 6 of those and you are financially free so to speak and live off rent money without having to trade for a living.... trading for a living is not such a viable goal after all... you wouldn't want this routine day and day out for the rest of your life, do you?
I invested in real estate. I gained 10% per year averaged over 20 years, including tax benefits. That is a
shit return. 24% is one hell of a return for real estate, unknown in America year-over-year for that period of time. Congratulations on such a great return! But even 24% is a poor return for a trader.
Trading for a living? Have been for 8 years now. Why wouldn't I want a career where I:
1. Have the option of going to work today or not;
2. Taking a week off to travel, without trading along the way;
3. Taking a week off to travel, trading along the way;
4. Work without a boss except me;
5. Make a long weekend if I feel the urge;
6. Get paid whenever I feel the urge;
on and on...
Why would I want to commute and punch a clock in someone else's office? Unless you're geared for being a slave and not a trader. In which case, you belong outside of ET.
