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Invest in adderall and see where that takes you. Joking. In all seriousness, drop the desire to turn 100k into 1 mil in x amount of time. That will lead you in
by rjett 16y ago
Invest in adderall and see where that takes you. Joking.
In all seriousness, drop the desire to turn 100k into 1 mil in x amount of time. That will lead you into wreckless, speculative behavior. Trading is tempting for you because it offers instant feedback. With one or two successful trades, people tend to extrapolate their returns into future returns, believing that it's possible to repeat these trades over and over again. Odds are stacked against them. Don't fall victim to this thought pattern.
Smart investors invest where their odds are highest of winning. From what you've written, it sounds like that investment would be in yourself. What led you to this "blockbuster" year? Can you grow and expand upon the factors that led to such a successful year? I'm sure there's some opportunity. Do it.
- stcredzero 16y agoSeriously, my best friend has had fantastic results from adderall. He feels like he can get things done 150% as well as he used to, and I agree from watching and listening to him. He's a self employed HVAC contractor, but I think some of the same factors might apply.
- wagerlabs 16y agoWhat led to my blockbuster year? Luck and my desire to work more. I used to work 1-2 weeks out of 4, that was enough for everything since my burn rate is low (3-3.5K EUR/mo). I sailed for about 8 weeks in the first half of 2008, for example. The relaxed work style didn't let me save much, though, not enough to get a shot at independence.
- rjett 16y agoI guess "independence" is in the eye of the beholder. Working 1-2 weeks out of 4 and sailing around sounds like a pretty nice level of independence for someone like me. If your idea of independence is to never have to work a day of your life ever again if you choose not to, it sounds like the solution would be to "work more" in the near term. It sounds like you're a pretty bright fellow and when you do work, your services are highly valued. The more you work, the higher your odds of "getting lucky" are.
- wagerlabs 16y agoAye!
- jimbokun 16y ago"With one or two successful trades, people tend to extrapolate their returns into future returns, believing that it's possible to repeat these trades over and over again." Worse, he describes how he has tried trading various times with no success, and still thinks trading is his best bet for meeting his goals. Sounds more like a compulsion than a well thought out strategy.
- snissn 16y agohire more developers! [and feed them adderall!!]
- cabalamat 16y ago> That will lead you into wreckless, speculative behavior I think you meant wreckful. Or reckless. :-)