Making a career of investing at 32...?

[wintergasp]

TJ, don't travel outside the U.S. Canada England and whatever your ancestral homeland is. In most third world countries the national past time is putting shit in peoples food. I'm not joking. It includes third world people in the US going into multiple generations. Even here in the states, if you care about your health, cook your own food. In third world countries you can't even buy food in the grocery store that has not been tampered with.

Another popular sport is using ether or chloroform to anesthetize tourists and rape them in their sleep. It does not matter if you are young or old, man or woman, they will do it and brag about it to their friends. And you will never know until you get the results of your blood test. Which is a joke because even here in the states getting a decent blood test is like pulling teeth and if you retest a few times with different doctors and made-up names you realize someone is just making it up and not running the test.

Unless WG is a captain in the military he probably entertained a lot of people on his travels.

Man so much stupidity in one message. In what third world country did you live in ?

 

[Handle123]

Man so much stupidity in one message. In what third world country did you live in ?

It is very true of the hormones and GMOs genetically engineered crops. Normal chick to full grown takes 120 to 135 days, hormonal chicken takes 49 days to slaughter. And this is USA and why so many people are going to organic, reasons are why organic costs are more, they don't use poisons of pesticides and require more acreage for same amount of crops, some fruits I will never eat like strawberries that have a natural ability to take into the fruit of what is left on skin of the berry, fruits and veggies that have harder skin of outside can be peeled back does not allows get rid of the pesticides chemicals. Cattle is same way in feed lots as they are feed hormones to put on weight faster than natural.

http://www.healthychild.org/produce-purification-101-can-washing-fruits-veggies-remove-pesticides/

 

[marketsurfer]

Hi,

Not sure if this is the right forum, but long story short, 8 years ago I started to get the "investing bug" and in the past off-and-on I tried to invest with a small amount of capital, and each year I tried and failed, mostly due to poor strategies (not being diversified, buying crap penny stocks or buying leveraged ETFs, and so on in the hope of having fast money). I realize that back then I was gambling and not investing. Now I am finally realizing that long-term I can make money with stocks, but I need more capital and need more time. In my retirement account, I have stocks like UNP, DIS, XOM, AMZN, LVS, F (large-caps with dividends), and I'm done with owning risky stocks. I've found that I am now a lot more patient than I was 8 years ago, and know that it takes time for stocks to gain value, and the fast money game is hard even for the pros.

But, to the bigger issue; To be blunt, since I am now 32 years old, is there any way I can get into finance without getting an MBA? Or for that matter, how could I make a career out of working in asset management or international trade/banking? In the past I never followed my dreams of being a stock trader or working in finance since I had low self-esteem and didn't think I could succeed at it since I have ADD and didn't go to an ivy league school. I also got nervous about being able to hack it in NYC.

Again, I don't believe in being a victim or limiting myself, so I want to turn my life around, and as cliched as it sounds, I know that one day I will die, and I want to make the most of life while I'm here. Up to this point, following the stock market and investing has been an avid hobby, but I want to turn it into something more. However, I am unsure if I have limited choices on how to accomplish wealth accumulation through the stock market, such as saving up on my own and investing/day trading with my own capital, or if I could work with a financial company as a career. I'm good at remembering a lot of facts about stocks and companies, but I'm not the best with using advanced math and formulas (I have an ESFP personality type, if that helps at all).

Thanks again for helping out this newbie! I'm disappointed for not following my dreams earlier in life, but realize that being 32 isn't as bad as being 52, or what have you. Any helpful advice would be appreciated.

Sure, why not? First step is to start to build a network. Get on linked in and START!! attend conferences, chat to folks here, GET CONNECTED

Relationships are the lifeblood of the business. degrees, experience, and even deep knowledge are secondary

 

[Van_der_Voort_4]

TJ, don't travel outside the U.S. Canada England and whatever your ancestral homeland is. In most third world countries the national past time is putting shit in peoples food. I'm not joking. It includes third world people in the US going into multiple generations. Even here in the states, if you care about your health, cook your own food. In third world countries you can't even buy food in the grocery store that has not been tampered with.

I will be short because this really is off topic.
I live in Budapest

http://welovebudapest.com/shops.and.services.1/budapest.s.best.markets

organic food only
http://welovebudapest.com/shops.and....and.markets.2/csorsz.utca.eco.market.biopiac
http://welovebudapest.com/shops.and....and.markets.2/csorsz.utca.eco.market.biopiac

Travel abroad,experience for yourself food,their culture and many other things.

 

[poorboy]

Man so much stupidity in one message. In what third world country did you live in ?

Ignoramus. Its not stupidity, its experience. Several nations. Respect those who are wiser than you or you are doomed to suffer like a fool. If you don't believe me you can buy fecal bacteria test strips and see for yourself.

 

[Visaria]

There are large parts of the USA I would consider Third World (or developing countries, i believe is the PC term).

 

[poorboy]

There are large parts of the USA I would consider Third World (or developing countries, i believe is the PC term).

I agree. And substantial parts of most cities. Thats why I told him to cook his own food even in the USA.

 

[tommcginnis]

Wow -- 32 and already hitting The Midlife Crisis. That speaks very well for you. (IMO.)
You sound like currently you have a bit of capital, and are not particularly tied down.
You have some ideas, and are pushing them around in your mind, throwing it out to the general public (that'd be us...), and waiting to see what might precipitate out.

Here's my thought:

It costs about a dollar a mile (although much more can be spent).
It is an exercise in self-sacrifice, simplification, and minimalization.
"If the only tool you have is a hammer, every problem looks like a nail."
This is my hammer. But there are many great Life Lessons from such an excursion that apply directly to life in general, and to trading in particular.
http://www.warrendoyle.com/warren/ <== a "textbook" nomination.....
There is much more mathematics to trading/investing than what we call Arithmetic -- if you feel comfort and gain intuition with graphs and basic scientific method, you could likely do well.

A CDT "long walk" will take you down to your absolute roots. *Anything* that survives that sort of grinder is worth doing. (IMO.) It costs less to live for 6 months than a lot of "world destinations" travel/food for a week. It requires no passport, nor language lessons, but you will feel like a Stranger In A Strange Land (a fine reference, by the way). And if you screw up, you can get eaten. ("Don't screw up." [my advice.])

Gotta go.....

 

[TJamesHTX]

So you're essentially going to track the S&P 500 over the next years without really over-performing it on a beta-adjusted basis and you want to get a job at an asset management firm to do this ?

I think you should travel a bit and discover the world, there are many great places where you can make money, including the middle-east, africa and latin america. You're going to try to get a cent here and there in an industry that's dying whereas in these countries, if your skin color is white, you will be considered as a semi-god already.... and life quality is actually much better there than in the USA, but that's just my personal opinion.

Hi,

Oddly enough, I taught overseas for three years in Asia, so I agree that traveling abroad is great. Are you talking about doing Import/Export business there in those places? Thx!

 

[TJamesHTX]

Thanks again everyone for the great replies!

As follow-up to my OP, I have been more of following the markets for the past 8 years, but never dove in full-throttle. I woke up today saying, "Whoa, I've been following the markets for this long and haven't made consistent returns? Yowzer, I failed!" Then I thought back to how much gambling I'd do with my stock positions and using 3x ETFs and crap stocks and then I thought, "Well, maybe it makes sense why I didn't always do well". Then I went overseas for a few years and didn't follow the markets much. But now I'm ready to invest for the long-term and will keep accumulating blue-chip stocks (diversified) such as UNP, DIS, WFC, XOM, LVS, T, etc. and hold them for a long time and DRIP the dividends and down the road use covered calls.

All this talk about overseas...do people recommend investing internationally? Or trying to do Imp/Exp there? I know there are even foreign market ETFs to invest in...