Gunslinger
Don't fear the Reaper
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Am I suited to investing?
- Thread starter dead trader
- Start date
- Joined
- 1 February 2007
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Some of you have said that my goal of $5000 per week is too high. I've done some thinking, and you are correct, it is way too high. Unless I have goals of owning a multimillion dollar property portfolio (which is a lot to manage anyway), there should be no need for me to be on an income of $5000 per week.
I'm someone who is more of a saver than a spender. For someone who is Gen Y, aged 21, I've noticed by observation and experience that I'm not a typical Gen Y person. People who are older than me have commented that I'm very mature for my age.
1. I'm not into fashion in the same way like other females my age.
2. The most expensive thing I ever bought was a 21CA product (which I can tell you is absolute rubbish for its price tag). And I got the student discount even. Half of $3995.
3. I'm not a fan of watching tv, in fact I only 'watch' the tv when my family do.
4. I'm not into computer games either.
5. When I was at high school, maths and science were my best subjects. Especially maths. That was before I was diagnosed with my mental illness.
6. I love reading and learning about life and myself, as evidenced by the kind of books I read.
7. I don't have ANY debt at all. I don't own a credit card.
What I want to gain from the markets is the chance to earn a reasonable income without doing the 9-5 so I have the means to take an overseas trip costing about $4000 once a year. And I'd have more time for volunteer work, church responsibilities, developing my guitar skills.
If my weekly income goal is changed to $750 net to $1500 net would it be more achievable for someone like myself?
I'm someone who is more of a saver than a spender. For someone who is Gen Y, aged 21, I've noticed by observation and experience that I'm not a typical Gen Y person. People who are older than me have commented that I'm very mature for my age.
1. I'm not into fashion in the same way like other females my age.
2. The most expensive thing I ever bought was a 21CA product (which I can tell you is absolute rubbish for its price tag). And I got the student discount even. Half of $3995.
3. I'm not a fan of watching tv, in fact I only 'watch' the tv when my family do.
4. I'm not into computer games either.
5. When I was at high school, maths and science were my best subjects. Especially maths. That was before I was diagnosed with my mental illness.
6. I love reading and learning about life and myself, as evidenced by the kind of books I read.
7. I don't have ANY debt at all. I don't own a credit card.
What I want to gain from the markets is the chance to earn a reasonable income without doing the 9-5 so I have the means to take an overseas trip costing about $4000 once a year. And I'd have more time for volunteer work, church responsibilities, developing my guitar skills.
If my weekly income goal is changed to $750 net to $1500 net would it be more achievable for someone like myself?
- Joined
- 12 November 2007
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Easily achieveable with a capital base of between $ 400,000 and $800,000 with little very little trading.
- Joined
- 12 November 2007
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This is a perfect example of how you can turn the share markets liquidity (which should be a positive) into a negative.
- Joined
- 1 February 2007
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Update: Read through all four pages of this thread just to relive some memories - wow I was so naive back then!
I am more stable in terms of my bipolar. Since 5 yrs ago.
Been working full time as a draftsperson for about 4 months now.
Still living at home where saving capital is so much easier. Saving about 50% net income a week
my mum is unable to work so she gets about 25% of my net pay too!
Also learning iron condors at the moment and may study futures spreads (calendar) later on.
Any guys have any ideas or suggestions to shorten the learning curve?
I am more stable in terms of my bipolar. Since 5 yrs ago.
Been working full time as a draftsperson for about 4 months now.
Still living at home where saving capital is so much easier. Saving about 50% net income a week
my mum is unable to work so she gets about 25% of my net pay too!Also learning iron condors at the moment and may study futures spreads (calendar) later on.
Any guys have any ideas or suggestions to shorten the learning curve?
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