1) how should we bring up our kids
2) when can we close our old house
3) when can we close our new house
4) how will my wife start her baking business
5) how can I get the most money from my day job with least amount of uncertainty
As anyone can see, I can't really sleep easy at night. My day job does not and will not pay me enough for the live I want.
So my goal for 2012 is the same as in 2011: 6% gain per month, from my forex account, 10% outperform on my IRA account, which limits me to only long stocks, not any leverage etf.
If you check out any stock mutual fund, most of them and I dare to say 90% of them are underperform the SPX. So what is the point of paying all the expenses for an inferior products? Is it because you read a few articles, thinking you have done your research and continue to be a perpetual sucker? Or you are not lazy enough to put money in SPY?
I scored 97%'tile in GMAT and yet I did not go to B-school. I spent my money on a time share and learning how to trade. Hope I can make it for myself some day.
Let me start another story, there is a locate "Trading Club" from Investools, I went there once and there was a guy, wanting to run everything. Knowingly he wanted to setup a fund for himself and trade for other people. I followed them for a few months, I did not find them doing anything inspiring. They still follow the leads from CNBC, or go for a stocks because someone said so, they treat trading as a gambling forum. I quit the group after going there twice. I did not miss it. However I did follow up with a few of the guys, they all quit trading. Surprise, Surprise.
When I was in grade school, I read an essay about "start today". Are you ready to do it right? Are you ready to treat the market with respect? Are you ready to make a stable living out of the market? Many will say yes, but few will do so.
shorts:
longs:
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