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Ask HN: Can one trade stocks for a living
I want to test this idea using the ‘HN Brain’: Is is possible for an individual to make a living in Bay Area and attain financial freedom by trading stocks? (Not nessacarily day trading but value investing, short (months) to long term trading etc)
Main Motivators for considering this :
1) I want to attain financial freedom where I don’t have to work for money anymore
2) I have a family (2 young children) being there for them is very important. A 9 to 5 at big co.+ commute dosnt really help with the cause.
3 I would like to be my own boss, control my destiny as much as I can rather than be a cog in a wheel where my progress - both financial and professional - is dependent on too many variables (boss,right project , “doing well” on said project etc)
4) I would like to work from anywhere. If I had to move to take care of ailing parents etc I can continue what I am doing and keep working towards my goals.
5) my (retirement) number is say 5 or 6 Million. My current household income is say ~$250k annualy
Does anybody here solely trade stocks for a living?
- daleholborow 8y agoLook at a book by Roger Montgomery called valuable. Phil town is another, a little closer to home (American), his PR is a little overdriven but his message seems legit. Dont trade. Invest.
- quietthrow 8y agoTotally agree on trade vs invest. I used the wrong word but the sentiment was that of investing. Thank you for introducing the books. I will definitely give them a read. Do you or anybody you know personally purely invest for a living? The reason I ask is one of the ways of testing my hypothesis of investing for a living, I want to see how common (or uncommon) this is. So far I have not come across anybody the handful of people I have asked. I was hoping this thread would gain traction on hn and I could caste a wide net.