What would you do if you were me?

[Randalli]

What would you do if you were me?

The following is the general situation of my life now. How should I get out of this predicament if you were me?
Sex: Male
Age: 42
Marriage: Divorced after being betrayed, currently alone, no children
Language: Chinese and a little English
House: None
Job: Trading U.S. stocks for a living
Certificate: None
Skills: relatively high cognition, able to see the essence of things (my own opinion)
Financial situation: I have a capital of 200,000 US dollars. From 2018 to now, I have made a profit of almost 200,000 US dollars. I have spent 100,000 US dollars on daily expenses, and now I have 300,000 US dollars.

Dilemma: 1. The stock market is not good now and I can’t make money, but I can’t find a job without skills (it’s hard for people over 35 years old in my country to find a job). Now I can only use the existing funds to maintain my life.
2 I am worried that in the future, my country will be prohibited from trading U.S. stocks, and it will even be prohibited to remit U.S. dollars to me or to other countries.

 

[newwurldmn]

You can always get a job of some sort.

move Your money back now.

there must be tons of opportunities in China to trade? A shares vs h shares was a popular arb.

 

[BKR88]

What would you do if you were me?

The following is the general situation of my life now. How should I get out of this predicament if you were me?
Sex: Male
Age: 42
Marriage: Divorced after being betrayed, currently alone, no children
Language: Chinese and a little English
House: None
Job: Trading U.S. stocks for a living
Certificate: None
Skills: relatively high cognition, able to see the essence of things (my own opinion)
Financial situation: I have a capital of 200,000 US dollars. From 2018 to now, I have made a profit of almost 200,000 US dollars. I have spent 100,000 US dollars on daily expenses, and now I have 300,000 US dollars.

Dilemma: 1. The stock market is not good now and I can’t make money, but I can’t find a job without skills (it’s hard for people over 35 years old in my country to find a job). Now I can only use the existing funds to maintain my life.
2 I am worried that in the future, my country will be prohibited from trading U.S. stocks, and it will even be prohibited to remit U.S. dollars to me or to other countries.

$100,000 expenses over 5 years?
If yes, put most of the $300,000 in a bank @ 5% which earns $15,000 per year.
If expenses are $20,000 per year you only reduce savings by $5,000 per year.
Wait out the move lower in stocks until things improve.
Use a small portion ($5,000) of your savings to take small positions with options.
While waiting, come up with a plan in case dilemma #2 happens. Open an offshore account? Get approved for a fund that trades OPM so it's not trading your account/money?

 

[Baron]

Dilemma: 1. The stock market is not good now and I can’t make money, but I can’t find a job without skills (it’s hard for people over 35 years old in my country to find a job). Now I can only use the existing funds to maintain my life.

While you've still got some money your bank account and time on your hands, I highly recommend you focus on developing some new skills that may help you earn some money later on, either through a job or by starting your own business. You mentioned having good cognition, so consider learning a programming language that you can master and then you'll be in a position to charge money for your programming efforts at a later time if you need to. In fact, you might find that the programming skills you learn may increase your abilities as a trader and open up new opportunities for you in the markets.

That's just a suggestion to get you thinking, but what you really need to do is sit down by yourself for one hour, and just start writing down some new skills that you've always wanted to learn. Don't worry about how much time and work those skills may take to develop. For now just write down a list of 10 - 15 skills you'd like to develop in yourself. They don't all have to be work-related. Maybe you've always wanted to learn how to draw or paint. Maybe you'd love to learn how to play the guitar. Maybe you'd love to learn how to cook. What about learning how to work with wood? Or how about learning how to weld various types of metals? Your friends may be able to help you out with suggestions, so ask them, "What skill or career do you think I would be really good at?" You may be surprised at the suggestions you get.

The possibilities are endless, but now is the time to use some of your money to explore new desires. Once you have a list, split them into 3 groups. The first group represent the easiest skills, meaning that you could learn them relatively fast, say within the next year or two. The second group are the skills that may take 3 or 5 years to become really good in. And the final group are your long-term skills that may take a decade or longer to become an expert in.

Once you've got your 3 groups, pick one skill from each group that you're the most passionate about, and then move forward with learning those 3 skills.

But whatever you do, don't just sit around and waste your time and money over the next year or two. The last thing you want to happen is for your money to run out and you have no marketable skills either. Invest in yourself today so you can be prepared for the future, and you'll never regret taking those actions. Good luck!

 

[zghorner]

step 1 for me would be find a girlfriend. If you aren't busting daily then what's even the point of anything?

step 2: idk, move somewhere else when you cant trade US markets.

 

[Randalli]

You can always get a job of some sort.

move Your money back now.

there must be tons of opportunities in China to trade? A shares vs h shares was a popular arb.

You can always get a job of some sort.

move Your money back now.

there must be tons of opportunities in China to trade? A shares vs h shares was a popular arb.

Free exchange is difficult, with an annual limit of $50000 per person and cannot be used for investment
I won't touch A and H, if I do, I'll lose money

 

[Randalli]

While you've still got some money your bank account and time on your hands, I highly recommend you focus on developing some new skills that may help you earn some money later on, either through a job or by starting your own business. You mentioned having good cognition, so consider learning a programming language that you can master and then you'll be in a position to charge money for your programming efforts at a later time if you need to. In fact, you might find that the programming skills you learn may increase your abilities as a trader and open up new opportunities for you in the markets.

That's just a suggestion to get you thinking, but what you really need to do is sit down by yourself for one hour, and just start writing down some new skills that you've always wanted to learn. Don't worry about how much time and work those skills may take to develop. For now just write down a list of 10 - 15 skills you'd like to develop in yourself. They don't all have to be work-related. Maybe you've always wanted to learn how to draw or paint. Maybe you'd love to learn how to play the guitar. Maybe you'd love to learn how to cook. What about learning how to work with wood? Or how about learning how to weld various types of metals? Your friends may be able to help you out with suggestions, so ask them, "What skill or career do you think I would be really good at?" You may be surprised at the suggestions you get.

The possibilities are endless, but now is the time to use some of your money to explore new desires. Once you have a list, split them into 3 groups. The first group represent the easiest skills, meaning that you could learn them relatively fast, say within the next year or two. The second group are the skills that may take 3 or 5 years to become really good in. And the final group are your long-term skills that may take a decade or longer to become an expert in.

Once you've got your 3 groups, pick one skill from each group that you're the most passionate about, and then move forward with learning those 3 skills.

But whatever you do, don't just sit around and waste your time and money over the next year or two. The last thing you want to happen is for your money to run out and you have no marketable skills either. Invest in yourself today so you can be prepared for the future, and you'll never regret taking those actions. Good luck!

I have thought about learning some job skills, but when I think of being in my 40s, I shrink back. The work intensity in the place I work is very high, and the salary is also very low, even in arrears
I feel like I only have talent in cognitive aspects

 

[Baron]

I have thought about learning some job skills, but when I think of being in my 40s, I shrink back. The work intensity in the place I work is very high, and the salary is also very low, even in arrears
I feel like I only have talent in cognitive aspects

If you want to keep growing as a person, learning new skills is a lifelong journey that never stops. If you want the world to completely run over you, then doing nothing is a great way to allow that to happen.

 

[Randalli]

step 1 for me would be find a girlfriend. If you aren't busting daily then what's even the point of anything?

step 2: idk, move somewhere else when you cant trade US markets.

step 1 90% of the partnerships where I work involve men playing the role of providers. If I spend too much money, I will have less capital to trade stocks and earn less money, creating a vicious cycle
step 2 I don't know where to go, there are very few places where my passport is exempt from visa. Can you give me some advice?

 

[Randalli]

If you want to keep growing as a person, learning new skills is a lifelong journey that never stops. If you want the world to completely run over you, then doing nothing is a great way to allow that to happen.

Thank you, I will carefully consider this sentence