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What are some good career choices for those over 40?
- Thread starter midlifeguy
- Start date
You're concerned about Social Security? SS will give you an annual ROI of about, what, 1 - 2%. SS is a scam. Do your own investing and make far more.
7 years Retail Stockbrokerage, 8 years buyside equities.
You have to realize that in order for me to make millions for the buyside firm, I was trading millions in client money. I don;t have millions to trade. I like trading, just hate asshole bosses who think everyone on the trading desk should be late 20s to early 30s so they can work them like a mule.
I honestly don;t know where to go with my career. Like I said, I can pay the bills trading on my own but it is a pretty isolated existence.
You have to realize that in order for me to make millions for the buyside firm, I was trading millions in client money. I don;t have millions to trade. I like trading, just hate asshole bosses who think everyone on the trading desk should be late 20s to early 30s so they can work them like a mule.
I honestly don;t know where to go with my career. Like I said, I can pay the bills trading on my own but it is a pretty isolated existence.
Quote from rosy2:
what experience do you have? Be specific and maybe someone can help you
An older thread asking much the same question:
http://www.elitetrader.com/vb/showt...&highlight=what+to+do+with+my+life#post940681
All the best in 2007!
http://www.elitetrader.com/vb/showt...&highlight=what+to+do+with+my+life#post940681
All the best in 2007!
I've got many years experience in finance. I 'chucked it in' (retired) 43 years old now and just work part time managing my own fund. What I'm doing now is designing houses out of shipping containers! For fun!
Quote from midlifeguy:
7 years Retail Stockbrokerage, 8 years buyside equities.
You have to realize that in order for me to make millions for the buyside firm, I was trading millions in client money.
I still do not know what you can offer that I cannot automate. How did you make you millions. Did you buy from one account and sell to another? If you have an audited track record you should have no problem getting into a fund or backed by someone.
Quote from midlifeguy:
I can pay the bills Trading but am deeply concerned about Health Insurance and also I wouldn;t be puting anything into Social Security.
I have alot of years experience on the Buyside but was downsized due to a jackass boss who wanted to cut costs and use Algorithms. Note: I made this firm millions. Sucks!
Realistically, trading on your own is way less stressful as you set your schedule etc and do not have to be at work at 430am everyday.
What are some good options for a person with experience and my age? I don;t think a high stress buyside job is the right path as I see it dying out anyways. Thoughts?
Thanks!
The Health Insurance isn't really a problem, as long as you are in good health. You can get a high deductable policy for less than a hundred bucks a month. Call your agent, you will be stunned how cheap a no-frills policy can be.
I agree with you about asshole bosses. That is why I started trading prop., I like people I just can't stand working with them.
Quote from rosy2:
I still do not know what you can offer that I cannot automate. How did you make you millions. Did you buy from one account and sell to another? If you have an audited track record you should have no problem getting into a fund or backed by someone.
Not to be rude rosy2, but what the hell are you talking about ?
Quote from trader1966:
I agree with you about asshole bosses. That is why I started trading prop., I like people I just can't stand working with them.
These are the best words I ever heard. . .
My opinion is that the most money can be made through a business enterprise.
The only way a regular job seems worth it is if you make well into the 6 or more digits range. Very few jobs offer that.
The only way to build wealth with a regular job is to stick with it and save/invest as much as you can over a 20 year period and very aggressively. No one wants to wait 20 years for things to pan out, however...