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Don't take this the wrong way, but if you worked as a trader and knew how to how to identify and research these opportunities, then why were you paying car, hou
by daenz 5y ago
Don't take this the wrong way, but if you worked as a trader and knew how to how to identify and research these opportunities, then why were you paying car, house, and student loans for 35 years until the GameStop opportunity came around?
- clove 5y agoAn even better question is why did he pay off the debt. With the status of inflation and rates at present, it's infinitely smarter to keep the debt and reinvest the profits from the GME trade. He's clearly talking about something like 20%+ interest payments on credit cards but mortgage rates that can be outpaced by bond investments. All around, he doesn't seem like he knows how to manage his money.
- FuriouslyAdrift 5y agoI only draw 65k per year salary but made an extra 80k in investing last year. I usually average draw about 30k let year from 1 year and a day stake. I can do that year after year. I work when I want and am beholden to no one.
- FuriouslyAdrift 5y agoThe good money in trading is in fees. I worked in risk management (on the Merc) which led to compliance for M&A which led to counter intelligence for the Army which led to IT security. 9 years of college, multiple deployments, a divorce, and lots of living leads to debt.