The End?

[newwurldmn]

Here's an update.

After a couple of years, the relationship didn't quite work out but I learned some things about myself, including some issues I had when it came to relationships.

I started a small business, my first, which struggled mightily the first bit and I almost didn't survive. After 3 years though I did quite well netting around 130-150k in 2019. I then sold this business and paid my loans.

In 2020 I pivoted to another business, this time a trade. It has a higher ceiling than the other business and there's far less dealing with red tape. I am now finishing up Year 3 of that. The raising of interest rates has significantly affected things and now I am unsure of where to go. In the meantime, I've put almost all my savings in ETFs.

Biggest thing though is, I am now in my mid 30s and boy do I wish I was in my mid 20s again. The clock is ticking hard (and fast!) now and I am pretty scared that I'll run out of time and just be mediocre like my parents, which I promised I would never be. After all, how can I blame my parents for everything if I end up exactly like them?

you started a business and sold it. You started a second business. That’s something to be proud of. 30 is nothing.

you can make more in 1 year of your 30s than all your twenties combined. You can make more in 1 year of your 40s than all your thirties combined. You can make more in 1 year of your 50s than all your 40s combined.

think in terms of decades. You can accomplish anything in 10 years.

 

[getthatintoya]

It's the path not the destination... (oh boy).

Overwrite into synthetic straddles (up/out strikes) and you'll be happy with your ETF longs. GL.

Hey Dest I know you have in the past traded this setup in your IRA and that what DTE would you normally choose for the syn straddles? Thx

 

[destriero]

Hey Dest I know you have in the past traded this setup in your IRA and that what DTE would you normally choose for the syn straddles? Thx

Quarterly makes sense to me as a good blend of v/g. For tax deferral always go into the first month cycle of the new year.

 

[Zwaen]

Keep your head up (yes feels like the obvious advice, but do it)
I had somewhat the same experience like you. But it's quite bizar how you can turn things around in let's say, 5 years. If you put the effort in.

You have drive (judging from your post), you will probably succeed. Do not let occasional variance put you off

 

[destriero]

Hey Dest I know you have in the past traded this setup in your IRA and that what DTE would you normally choose for the syn straddles? Thx

You can't do synthetic straddles in a mIRA in SN. You'd have to trade really wide verts (which was suggested). I am of the opinion that you're better off simply trading long delta flies in an IRA.

 

[feng456]

My name is feng456. I'm 35 years old...

 

[Nobert]

now and I am pretty scared that I'll run out of time

I've put almost all my savings in ETFs.

I am almost the same age like you.

But there's no fear, because i know what i do & i don't touch ETF's.
But i have never created a successful business neither sold it.

Moral of the story :

why no to keep working on your strengths ? You might do well with ETF's for a while, but usually it doesn't last.
On the other hand, there are plenty of success stories where people founded one company/participated in building it, sold it - and started something even more successful.

What ever you do, it's your call, but you shouldn't be afraid, because you're trying and on your dying bed, there should be none to zero regrets.

https://vantageaging.org/blog/success-later-in-life/

 

[feng456]

I am almost the same age like you.

But there's no fear, because i know what i do & i don't touch ETF's.
But i have never created a successful business neither sold it.

Moral of the story :

why no to keep working on your strengths ? You might do well with ETF's for a while, but usually it doesn't last.
On the other hand, there are plenty of success stories where people founded one company/participated in building it, sold it - and started something even more successful.

What ever you do, it's your call, but you shouldn't be afraid, because you're trying and on your dying bed, there should be none to zero regrets.

https://vantageaging.org/blog/success-later-in-life/

The ETF is for long term investing. I don't day trade anymore.

 

[deaddog]

The ETF is for long term investing. I don't day trade anymore.

How long is long term?
Any risk control?

 

[feng456]

How long is long term?
Any risk control?

5-30 years. Depends on what I do with my life in the next little while like settling down, how my business goes if anywhere, and how the market does.