If you had ten million dollars...

I would be MUCH more conservative.
I would not run out and buy anything really. Never a Hummer.
But I would employ people to work on my boat instead of doing it all ourselves. And I would devise my trading so that I did not have to stay and watch it so much so I could enjoy travelling all over in the boat. No more day trading for me.
:D :D
 
Quote from garfangle:




Why are you rambling?

And yes, from reviewing professional psychology publications, stress is a major factor in dealing with performance.
More...

It was just a way top suggest something to you for consideration. I took a chance that you might get it. It turns out that you are stuck in the realm of reading slicks as you point out above. After you past the surface, there are a lot of other things to consider. You will not get there for quite a while it looks like.
 
Although the original post asked the question in regards to risk..I wanted to share a thought I have had recently.

It recently occured to me that if I were to suddenly start making alot of money,that not a whole lot would change in my life..I would eat where I eat now,have the same friends as I do now..Obviously I could travel more,live in a bigger place,drive a different car..but i think I would wear the same clothes..do pretty much the same thing.. the one big thing that would be a true luxury would be more free time..

I was under some impression that making alot of money would somehow alter my life fundamentally,but now I don't think so..

I have worked very hard on some personal demons over the last few years..maybe now I am ready to make big money,I honestly don't think I could have handled it before now..

anyways theres my ramble FWIW..
 
Take 7 million and put it in a very diversified range of investments. The other 3 million I would take to the pits in Chicago and have the time of my life...good or bad...just for the experience of it! :eek:

Chris
 
Quote from marketsurfer:

absolutely nothing different if i had 10million in a personal account.

best,

surfer :)
More...

This is by far the best answer given.
 
Quote from easyrider:

What would be the minimum activity to be considered "trading". I would move it around to the best available bonds or funds to meet this minimum and live off the 1/2 million apr.
More...

Easy,

I agree.....but it is never enough.....


Michael B.
 
Quote from Hamb-ltrd:

I would keep 1 million in the account and I would make sure the 9 million are safe retirement money

Hamp
More...

Would you quit trading if you lost that million?

Michael B.
 
Quote from garfangle:

If you had ten million dollars that you were given to trade (for that purpose alone) would you be more cautious with it, less cautious with it, or be the same in regards to how you trade now? Aside from the consequences of having to put the money to "work" would your trading outlook change given an increase in money you had to trade with? And why would this be so.

Another caveat, assume the outcome of trading the money was irrelevant to your future income.

Ciao.
More...

Would there be any benefit at all? for this increased responsibility? or are we trading just for the essence of trading?

Michael B.
 
If I had $10 million to work with:

Save $250,000 in cash, and gold in a safe deposit box offshore (Isle of Man, Belize) Any lost interest on it is negligible.

Save $2.5 million in T Bills.

With the remaining $7 million to invest for the next 5-10 years.

Buy a few China funds. Buy copper, zinc, and other commodities with no margin. Buy long term put options on FNM/FRE. Buy currencies of commodity exporting countries (Australia, Canada). Buy the Euro. Buy the yuan when legal to do so. Short the dollar.
Play the US market only for short term trades. Buying on extreme panic, selling on euphoria.
 
You must log in or register to reply here.
Back
Top