Stealth Wealth

trader99 said:
My point was that I DO NOT like to wear those things. I live in a relatively affluent neighborhood so my neighbors flaunt expensive cars and toys all the time.

But I'm not like that. This is more about my family and siblings not knowing. I could care less if the Jones down the street want to compete with me.
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Whatever floats your boat. Then don't. I do not see the problem. You are concerned about what others think. I do not give a fuck. I cannot help you.
 
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trader99 said:
...Eventually, I want to buy another home(probably much nicer that the current one). Then my cover will be blown.

I guess if family finds out then it's ok. But I know some of my siblings are super competititive. Growing up and now, they always want to be ahead and even the slightest sign that I'm slightly ahead they slam me.

How do you live in a stealth wealth fashion? Especially if your trading gets better and better over time. I know it's a good problem to have.

Any ideas?

Or maybe move to a tax haven and escape all this non-sense. hehe
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You're not providing enough information.

For example, those relatives of your that you're talking about...they live on the same street, in another city, in another state or in another country ???

Do you talk to them only on the telephone or do they come by your home several times per month ???

You close to them or you actually treat them like friends ???

Remember one thing about "super competitive" people...they are not going to ask you were your income is coming from and the exception ones that do...don't tell them. Keep your mouth shut.

It won't matter to them because they are still going to be "super competitive".

Yet, if you're that one that's "super competitive" too...you'll probably flaunt what you have and that may be the reason why you're thinking to much about hiding your wealth after letting the secret out.

Also, if they're on your spouse side of the family...don't tell them shit and tell your spouse its none of their business even if they drop by for a surprise visit and they say wow...nice house, nice car and your kids go to private school...

Don't explain anything especially if they start asking questions about your wealth. People with money biggest problem is that they specifically talk about the money they have. They do not know how to keep their mouth shut.
  • That's the best way to be in stealth mode about your wealth although its strange that you refer to it as "stealth mode fashion" as if you have a history of flaunting money.
Simply, live your life the way you want and don't invite over the "super competitive" family members. Easy to do if they don't live in the same city, state or country as you. A lot harder to do if they live on the same street or within a 30 minute driving distance.

Yet, if they don't even live in the same city as you do...you're wasting too much time & energy with this.

P.S. Never quit your job especially during a Pandemic and especially if its the source of your healthcare benefits and insurance policy. You're doing ok the way things are with your income source...don't fuck it up...leave it as is.

It's a Pandemic and shit can change very quickly for you in a bad way the very next day.

wrbtrader
 
trader99 said:
I know this a good problem to have. But just wondering people's thoughts on this.

Suppose, you do well in trading. Then what? I don't like to be showy.

I think the best way is via stealth wealth according to this blogger:

https://www.financialsamurai.com/th...guide-to-staying-invisible-from-society-rage/

I'm even hesitant with family members. As I've written before, I have 3 sources of income: my biz, my trading, and my part-time adjunct faculty position.

I've gotten to the point where a few minutes in the morning of trading makes more than most normal corporate jobs.

I feel like now I'm just using my part-time adjunct faculty position as a cover. So, people think I have a "normal" job and not just sit at home and make a living.

While I derive a lot of intellectual benefits, I'm thinking of quitting that job b/c the economics of it is horrible, students are rude, entitled, nasty, and teaching at nights is tiring. I feel like I should just dump that job and focus on my biz and trading.

Alternatively, I've looked at other institution with better pay and hours so I can satisfy my intellectual needs and still maintain the cover.

I know some family members are even wondering about my arrangements. Because they know that that job pays shit yet I'm still able to maintain a pretty good lifestyle as though I was still working at my old corporate jobs with nice six figures.

I even purposely told them "oh, one of my client finally paid me after months of work! oh so unstable situation!" This puts everyone at ease thinking I'm still struggling financially with my biz. It's not a lie because the cycle of payments from clients can take a while. But they are Corporate 9-5 people, so they don't know that's typical experience of any company.

Eventually, I want to buy another home(probably much nicer that the current one). Then my cover will be blown.

I guess if family finds out then it's ok. But I know some of my siblings are super competititive. Growing up and now, they always want to be ahead and even the slightest sign that I'm slightly ahead they slam me.

How do you live in a stealth wealth fashion? Especially if your trading gets better and better over time. I know it's a good problem to have.

Any ideas?

Or maybe move to a tax haven and escape all this non-sense. hehe
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A few minutes of trading makes more than corporate jobs - could you give an example of 2 or 3 trades you've taken recently that have led to big gains? Not including obvious setups like JKS. Thanks ..

As far as the thread topic, always own what you are. So yes you've been blessed to be in a position, you can spend it in investments as well as important causes like sustainable agriculture and ecological preservation. But don't waste it over petty family squabbles and putting on a facade of "struggling".

Stealth wealth people I know drive cars like Genesis G90, don't advertise vacations and experiences on social media but are open about them when discussing in person, and aren't making decisions based on pleasing others. Life is a lifestyle and lifestyle is the kind of person you are, so now that you're in a position to live the best version of yourself, do so! To challenge youreslf intellectually, do so in a new environment and you can still trade/manage business!
 
I spent years studying, in part to avoid the real world of work. I couldn't hide anymore after I hit my mid 30s so I decided to work just enough to finance my relocation to other parts of the world. My college and childhood friends thought I was crazy and knew I was poor, but my wealth were my life experiences. After living in nearly a dozen countries and in my early 40s I finally settled down, got married, had a child, a home and long term employment. Within 5 years I was making a 6 figure income and to the astonishment of all those close to me, I became respectable. Of course, by then, most of my friends who'd stayed put had accumulated; nice houses, nice cars, nice vacations... I was definitely the catch up friend who'd spent the life of a cicada, while they deserved their ant life's hard work.
Then we moved again, away from the US craziness and Trump's world. And months later covid hit, and my employment chances withered.
Out of desperation, I decided to start trading 10% of the proceeds from the sale of our Bay Area home, truly dissatisfied with the 6-10% returns I was offered. When I managed 100% returns within a week, I decided to push the envelope and invest more, then all, into the market and to date I'm still close to 100% return. In 8 short months I've become wealthier than I ever expected and have no reasons to hide it from anyone any more than I had reasons to hide that I barely had any money for years. It is was it is. I've learned over the years not to set expectations, which are the first step to disappointment. This year is almost over, let's see what next year brings us. I'm going to continue to be who I am regardless of the circumstances.
 
VicBee said:
Then we moved again, away from the US craziness and Trump's world.

Out of desperation, I decided to start trading 10% of the proceeds from the sale of our Bay Area home,

I'm going to continue to be who I am regardless of the circumstances.
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glad you moved out of the usa stay there. you're a lucky privileged fool who hit the real estate lotto and now the trading lotto.

BUT you are going to wake up one day and realize you don't know how you made your wealth and the market has changed.

you're what we call a bull market genius.....
 
MarkBrown said:
glad you moved out of the usa stay there. you're a lucky privileged fool who hit the real estate lotto and now the trading lotto.

BUT you are going to wake up one day and realize you don't know how you made your wealth and the market has changed.

you're what we call a bull market genius.....
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Fully cognizant of this. My executive wife is appalled at how much money I made is such a short time. I tell her not to quit her job because next year could be very different!
 
thyrus said:
A few minutes of trading makes more than corporate jobs - could you give an example of 2 or 3 trades you've taken recently that have led to big gains? Not including obvious setups like JKS. Thanks ..

As far as the thread topic, always own what you are. So yes you've been blessed to be in a position, you can spend it in investments as well as important causes like sustainable agriculture and ecological preservation. But don't waste it over petty family squabbles and putting on a facade of "struggling".

Stealth wealth people I know drive cars like Genesis G90, don't advertise vacations and experiences on social media but are open about them when discussing in person, and aren't making decisions based on pleasing others. Life is a lifestyle and lifestyle is the kind of person you are, so now that you're in a position to live the best version of yourself, do so! To challenge youreslf intellectually, do so in a new environment and you can still trade/manage business!
More...


I want to clarify what I meant. I make more trading in a day(which can be as short as a few minutes to a few hours) than what most corporate jobs would make in a day or month.

Since I'm a daytrader I think in terms of daily profits.

But I can see one day it happening where it can be more than some jobs in a year. Maybe not a c-level exec job. haha.

I'm NOT a cars guy. So no way for people to tell.
 
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