What would you do if you were me?

Randalli said:
I could go abroad and live as a tourist, or apply for a digital nomad visa.

But the difficulty is that I need to be able to make money to pay my daily bills.
Because I have a language barrier and I can't apply for jobs locally.

The returns from trading stocks are too small and inconsistent
More...
so learn the language. great start. Isn't this exciting?
 
Randalli said:
I could go abroad and live as a tourist, or apply for a digital nomad visa.
More...

This is what I would do. Assuming you can find a country where your cost of living is significantly lower than the current one, that gives you:

1. More time to figure out what to do.
2. Life experience. After all, life is a journey.
3. Maybe some local investment opportunities.

There is a subreddit for digital nomads for more info (cost, tax, life style)

reddit.com/r/digitalnomad

As for trading, you have to figure out if you actually have a decent trading skill or you were just using the right trades at the right time (aka luck). Nothing wrong with that, but may not be repeatable.

Look into living in Vietnam, cost is very cheap, nice country and maybe close to you.
 
Pekelo said:
This is what I would do. Assuming you can find a country where your cost of living is significantly lower than the current one, that gives you:

1. More time to figure out what to do.
2. Life experience. After all, life is a journey.
3. Maybe some local investment opportunities.

There is a subreddit for digital nomads for more info (cost, tax, life style)

reddit.com/r/digitalnomad

As for trading, you have to figure out if you actually have a decent trading skill or you were just using the right trades at the right time (aka luck). Nothing wrong with that, but may not be repeatable.

Look into living in Vietnam, cost is very cheap, nice country and maybe close to you.
More...
Yes, you are right. Although I have been trading for 5 years, I am not sure about my trading level now, so I will use simulated trading when I try futures.
I have learned about Vietnam. I even want to apply directly to a language school in Vietnam to learn English. The tuition fee + single room accommodation is about 1,100 US dollars a month.
 
You can get certified by software companies in all sorts of software tools that would allow you to work remotely.

Even if you were to trade (which I would not really recommend in your current situation), you will need a "real" job to cover cash flow and expenses.

I wish you good fortune, and please be very careful.
 
Randalli said:
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.
More...

u have $300k USD in china right now? since u are chinese living in china, you probably realize what most chinese live on per year right? i'm 90% confident if u cut some of your living expense (luxury things that you don't need, or if you live in an expensive city like beijing, shanghai, shenzen, move to a cheaper chinese city), it will last you till you died in china. am i right or wrong with this assumption? and since you don't feel confident trading right now and uncertain about the future. just live with your $300k. being that age at 42, divorce and no kids, i understand if you don't want to waste your time trying to learn new skills or find jobs trying to compete against college graduate that makes very little money. having $300k in china means you already have "won" compare to your average chinese citizen.
 
Last edited:
bone said:
You can get certified by software companies in all sorts of software tools that would allow you to work remotely.

Even if you were to trade (which I would not really recommend in your current situation), you will need a "real" job to cover cash flow and expenses.

I wish you good fortune, and please be very careful.
More...
Yes, the stock market is bad right now, I agree with you

I want to look at the futures market now. I'm learning

Can you tell me what kind of software certification?

Thank you very much
 
vincentnyc said:
u have $300k USD in china right now? since u are chinese living in china, you probably realize what most chinese live on per year right? i'm 90% confident if u cut some of your living expense (luxury things that you don't need, or if you live in an expensive city like beijing, shanghai, shenzen, move to a cheaper chinese city), it will last you till you died in china. am i right or wrong with this assumption? and since you don't feel confident trading right now and uncertain about the future. just live with your $300k. being that age at 42, divorce and no kids, i understand if you don't want to waste your time trying to learn new skills or find jobs trying to compete against college graduate that makes very little money. having $300k in china means you already have "won" compare to your average chinese citizen.
More...
Yes, it is enough if I live the bottom life, but I am not reconciled, I can think independently, I have high cognition, I think my destiny should not live at the bottom
In addition, I am worried that in the future, there will be a ban on transferring money across borders and trading American stocks.
I can't just sit back and do nothing.
 
Last edited:
Randalli said:
Yes, it is enough if I live the bottom life, but I am not reconciled, I can think independently, I have high cognition, I think my destiny should not live at the bottom
More...

i won't say a bottom life. probably your average life in china. a roof over your head and not go hungry. and most important, stress free to pursuit whatever hobby you want to do.
 
You must log in or register to reply here.
Back
Top