Can we quit job and invest in stocks full time?
- Thread starter violet
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tech/a
No Ordinary Duck
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Kauri said:
Man you crack me up!!
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Re: Can we quit job and invest in stock full time?
In business....................... pushing up the daisies business.
jog on
d998
nioka said:
In business....................... pushing up the daisies business.
jog on
d998
I was talking to my accountant the other day, he was telling me that at least 2 people had come to him last financial year with over 200K loss on the market for the year (borrowed money).
Buying blindly on recommendation.
Violet take 10% of your 100k and try to do something with that.
Do you homework and see a financial advisor or you could be in the same boat.
Have you ever had stocks before?
Is the 100k savings or have you been given it recently?
Best of luck and let us know how you go
Buying blindly on recommendation.
Violet take 10% of your 100k and try to do something with that.
Do you homework and see a financial advisor or you could be in the same boat.
Have you ever had stocks before?
Is the 100k savings or have you been given it recently?
Best of luck and let us know how you go
violet said:
Violet...you seem to be changing your mind at every post here
I think that back to your original question your best bet is to invest your 100K and keep your day job. your talking long term investments where your money is tied up...or is this a bit of a joke thread
tech/a
No Ordinary Duck
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You're asking a bunch of strangers on a forum what you should do with your $100K?
You've made up your mind.
Go for it!
You've made up your mind.
Go for it!
doctorj
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This is surely a wind up.violet said:
If not, best of luck. You will need it. Also, if this is real, what is the point of this post? You've told us what you intend to do, why not, instead start discussing how and formulating a plan. Then you will find some here will take you seriously and you can start making use of the vast amount of experience here at ASF.
Hey Violet,
Understood!! Perhaps look to a broker for advice on the blue chips and then look at a lot of the threads on stocks under a dollar on ASF...some of the people here provide good insight and have done a fair bit of research.
Whether or not to keep the small caps <$1 for more than 3 years is questionably...perhaps pick an exit price you are happy with and stick with that...then take your profits and look at something else.
Good luck whatever you do, everyone has different ideas and different stocks they like whether it be a tip, emotional linkage to a company or day trading based on charts and fundamentals.
Understood!! Perhaps look to a broker for advice on the blue chips and then look at a lot of the threads on stocks under a dollar on ASF...some of the people here provide good insight and have done a fair bit of research.
Whether or not to keep the small caps <$1 for more than 3 years is questionably...perhaps pick an exit price you are happy with and stick with that...then take your profits and look at something else.
Good luck whatever you do, everyone has different ideas and different stocks they like whether it be a tip, emotional linkage to a company or day trading based on charts and fundamentals.
GreatPig
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I'm also tempted to say: see a financial advisor and you could be in the same boat!vicb said:
(see Nioka's comment above)GP
One of the best most important things I have learnt about trading shares especially leveraged instruments is that the moment you ask another person / people for advice you have lost control of your trade and are not thinking logically. You need to act on your own expirience, motivation and your own accord.
Sure its ok to ask the opinion of wether you should start day trading but in the end you yourself should decide. If your already having doubts and are confused about the idea then I dont believe you can be a succesful trader. In order to be a succesful trader you need to backyourself 100 % and be prepared to loose atleast 50 % of the money that you are playing with. If your depending on the income gained from shares your exposing yourself to whole new set of pressures and stresses.
Furthermore, to be a succesful day trader you need to be discplined and have a plan. One of the biggest traps woud be day traders get into is they jump into any stock position just for the sake of entering into a position. A good disiplined day trader will let the positions come to him an act not out of necessity.
Sure its ok to ask the opinion of wether you should start day trading but in the end you yourself should decide. If your already having doubts and are confused about the idea then I dont believe you can be a succesful trader. In order to be a succesful trader you need to backyourself 100 % and be prepared to loose atleast 50 % of the money that you are playing with. If your depending on the income gained from shares your exposing yourself to whole new set of pressures and stresses.
Furthermore, to be a succesful day trader you need to be discplined and have a plan. One of the biggest traps woud be day traders get into is they jump into any stock position just for the sake of entering into a position. A good disiplined day trader will let the positions come to him an act not out of necessity.
Realist
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What a ridiculous thread!!
No you can not retire (and invest) with only $100K. Get back to work!!
No you can not retire (and invest) with only $100K. Get back to work!!
tech/a
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Young Gun said:
Love this line whenever I see it.
So a plan eh!
How do you know the plan your trading is a profitable one.
A plan on its own maybe a plan to ruin!
Realist said:
Thats funny!
tech/a said:
I would hope that common sense would prevail and that if your trading plan was continually losing money and eating into your capital base, you would take a time out and review and tweak it.
But I guess common sense is a scarce commodity these days.
Violet, there are a number of issues with your plan that I think you need to seriously address if you are genuine about pursuing this.
1.) If you plan on quitting your job and putting your money in blue-chips for a year or into speculative stocks for 2-3 years, how do you plan on putting food on the table and paying the bills on a weekly basis.
2.) In order to replace your wage (not sure what the ave wage in Aust is now, lets say 45k) you need to be making 45% p.a on your capital. This is high even for an experienced investor/trader let alone a rank beginner.
3.) Linked to the above is your starting capital. Even experienced investors/traders on this forum would be loathe to try and trade full time on such a small amount. It leaves very little margin for error and one bad trade could have you in serious trouble.
As vicb mentioned previously, take 10% of your savings and educate yourself before jumping in head first. It will save you a lot of heart ache.
EEE
professor_frink
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Re: Can we quit job and invest in stock full time?
what a stupid comment to make. How is an investor taking an excessively large risk?
Do you think that CBA, BHP, WOW,etc aren't going to be around tomorrow?
:screwy: :dunno:nizar said:
what a stupid comment to make. How is an investor taking an excessively large risk?
Do you think that CBA, BHP, WOW,etc aren't going to be around tomorrow?
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