Typical middle age person should have at least 200k put away. Trade conservatively for a return of 25% annually is 50K. As long as your house is paid for, that's enough for a decent retirement.
Recommend to trade for a living ?
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That is for Julian Turveyd , he has got 30 children and babies , so he pulls off £ 35,000 a year from state to support children.
I posted that before I became a fan of Trading Education Buyer, now I am a fan of Trading Education Buyer, honestly...no joke.
Trading Education Buyer does not live on "the dole", the UK actually takes money from Trading Education Buyer and gives it to people who don't deserve it. They steal his money basically with high taxes.
The markets have a built in contextual limit of 18%/yr (2%/mth), go above this you will find 'random' events and 'anomalies' as soft safeguards. Go past these and you will see the more visible safeguards kick in. They are not random, they're there for a reason, everyone wants their fees and they will make sure you pay them.
You lot decided to vote for Brexit, vote for Trump, the elites are not happy so obviously you have too much spare time with 18%, you'll start to see volatility spikes with margin calls, inflation ramping up, someone has to pay for unwinding the dissention. This will drop the returns to 1%/mth or make you work twice as hard for the same, keep going they'll drop it to 0.5%, after that they don't play nice. Keeps the skew nicely in balance.
I know how to bypass all this and have an A to Z structure in place, it upsets everyone above an below, but no one here would have any chance of using it because you hit too many brick walls at each level which need a workaround. So anyone who says you can take 20%/wk algos, which I've built for diversification not returns, and launch them on the market is an idiot. You will find 'random' events stop them from working in live environments without a healthy fee base, pay those and you might just find these go away, I have colo options with direct connects to brokers and exchanges, but annoyingly sometimes they don't.
And the chain can do whatever they want, as long as they don't do anything catastrophic it will be lost in obscurity, if that doesn't work they'll find a sacrificial lamb, very effective tool used in 2008. It's 18%/yr and quickly dropping to sub 10%/yr, that's just the way it is.
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I've only got 1 kinda friend with that kinda money, he's the most boring, money obsessed tight ass you'll ever meet, retarded nearly to, prefer to spend it as I go, as I might not get to tomorrow due to dying.
Lol don't get money for step children they just cost me, I claimed dole for 4months 21 years ago, it wasn't worth the effort, haven't bothered since.
Everyone i know have at least that amount saved up. We're all looking at retiring within 10 years. Most have triple that amount or greater. The low ballers get a real ribbing from our group. Our investment return is between 15 to 30% annually.
You realise if you get hit bus a bus tomorrow, having unspent cash at your disposal will negatively affect your high score?
You obviously have a well off circle of friends, my mate opposite me has £1.30 left but she works, I'm about £250 left, might be paid tomorrow or Jan 13th find out soon, atleast I can tap my account again.
Thats normal in the UK, hard times these days.
my circle is international, some from uk.