Trading with $500,000.00
- Thread starter Harry123
- Start date
Good thread. Too bad I got to post a little too late. Most threads attract losers like TM eventually...
But anyway, here's my suggestion for you Harry123:
I come from a VERY modest background (third world contry) and when I read your initial post I thought to myself "funny, I was risking more than my parents made in a year on a single trade and I was more or less OK with that even when I started out." The amounts have grown a lot since then, still my problem is finding strategies that are scalable up. If yours is, more power to you! I'd certainly increase everything proportionately. There is a caveate though. Having thought about my situation I realized I don't have your problem because I'm managing other people's money mostly. Hence, if your method is as good as you say it is, you should start a fund (attracting investors should not be a big problem given your track record), that way you can put whatever you are comfortable with into the fund of your own money and get an incentive on the whole pie at the end of the year.
Just my 2 cents.
Good Luck.
First of all this thread is closed....Harry123 said so.
second of all, harry123 and his posse were outted....read all the threads before you call somebody a loser...and the only reason i checked the posters past was because they came down on somebody else for being skeptical....in fact, i was giving real advice until somebody pointed out some facts....from there on we had some fun..like showing how the same info and same words were being used in different threads.....sorry if you don't like it but your late to the party anyway.
second of all, harry123 and his posse were outted....read all the threads before you call somebody a loser...and the only reason i checked the posters past was because they came down on somebody else for being skeptical....in fact, i was giving real advice until somebody pointed out some facts....from there on we had some fun..like showing how the same info and same words were being used in different threads.....sorry if you don't like it but your late to the party anyway.
Trade with 100K and put the other 400K in a CD or another type of investment--real estate. No one should be too exposed to the stock market.
Early on in this thread Patrick stated that he lives in London and will buy a house when he can pay for it in cash. So, until that time,
he intends to rent.
Patrick, it may be worthwhile to consider buying now for several reasons :
1. you are buying a house with after tax money. So the more prices go up the more money you need to make (and save as after-tax money) to cover the increases in the purchase price of a house.
In fact house prices may be going up faster than you can save the house price increases.
2. As you are paying rent anyway what is so much different with paying interest on a home loan instead ?
3. Whilst a house to you is a house, to your wife it is a home and she will be a lot happier than she is right now if she were to live in a home rather than in a house.
Actually, by buying now you will achieve also two other things i.e.
your wife will be happier and, as a consequence, the quality of your sex life will improve as well.
4. Owning one's home means that one then is more inclined to spend money on furnishings (which one otherwise wouldn't be inclined to do as they may not suit the next house when there is a need to move house.)
5. Owning real estate is an excellent way of diversification. It doesn't matter how good one is at trading shares (etc), if one lives long enough, inevitably the time will come that one will blow up. (remember the story about the monkeys busily typing away and eventually one of them managing to type the complete works of Shakespear ?).
Chances are that you will pass away before the time arrives for you to blow up. But, .......... what IF it were to happen to you in your lifetime ?
Would you have the resources (money) AND the courage to start all over again with practically nothing ?
Will your marriage blow up too if your account blows up and you are out in the street with nowhere to live because you are broke ?
So why not play safe and diversify now ?
6. Owning your home may make you more inclined to work in the garden thus helping to keep you fit.
Jack123
(I will shortly be publishing a course about how to keep your garden looking nice and keeping fit in the process and living happily for ever after.
)
he intends to rent.
Patrick, it may be worthwhile to consider buying now for several reasons :
1. you are buying a house with after tax money. So the more prices go up the more money you need to make (and save as after-tax money) to cover the increases in the purchase price of a house.
In fact house prices may be going up faster than you can save the house price increases.
2. As you are paying rent anyway what is so much different with paying interest on a home loan instead ?
3. Whilst a house to you is a house, to your wife it is a home and she will be a lot happier than she is right now if she were to live in a home rather than in a house.
Actually, by buying now you will achieve also two other things i.e.
your wife will be happier and, as a consequence, the quality of your sex life will improve as well.
4. Owning one's home means that one then is more inclined to spend money on furnishings (which one otherwise wouldn't be inclined to do as they may not suit the next house when there is a need to move house.)
5. Owning real estate is an excellent way of diversification. It doesn't matter how good one is at trading shares (etc), if one lives long enough, inevitably the time will come that one will blow up. (remember the story about the monkeys busily typing away and eventually one of them managing to type the complete works of Shakespear ?).
Chances are that you will pass away before the time arrives for you to blow up. But, .......... what IF it were to happen to you in your lifetime ?
Would you have the resources (money) AND the courage to start all over again with practically nothing ?
Will your marriage blow up too if your account blows up and you are out in the street with nowhere to live because you are broke ?
So why not play safe and diversify now ?
6. Owning your home may make you more inclined to work in the garden thus helping to keep you fit.
Jack123
(I will shortly be publishing a course about how to keep your garden looking nice and keeping fit in the process and living happily for ever after.
)"There is a caveate though. Having thought about my situation I realized I don't have your problem because I'm managing other people's money mostly.
Wow, I'm sure your "investors" would be happy to hear of your relative indifference towards managing their hard earned cash!
... kind of reminds me of those wannabe traders who start a "trading website", instead of earning a living through actual trading -- much safer
Wow, I'm sure your "investors" would be happy to hear of your relative indifference towards managing their hard earned cash!
... kind of reminds me of those wannabe traders who start a "trading website", instead of earning a living through actual trading -- much safer
>>Wow, there are 6 zeros.<<
No hope for you qdz, you cannot even count.
Jack
No hope for you qdz, you cannot even count.
Jack