AI
Ad1, For fifteen years, I had a professional manager because I didn't have time to do it myself. When I made the decision to find a better way, that's when I started studying and opened my eyes to a whole new world. I opened my on-line trading account 3 years ago.
I actually started this journey by reading about Michael Milken back in 1992 after being laid off from a company downsizing. I figured if he could make that much money stealing money from little old ladies. All I had to do was develop a simple trading strategy that works for me. I've figured that out with the help of Ted Warren, an old timer who traded stocks on the side while he worked construction back in the 1930's. Once he figured out his system, he quit construction and traded stocks full time until his death.
All the brokers and professional managers want you to think its difficult. They will give you their 30 minute rendition of how their million dollar computers tell them when to buy, sell and short the market. It's what I call their $100 sales pitch. Do you believe them?
Milken's problem was he got greedy, that's what put him away.
That's one major reason I quit working a 9 to 5 job. I had trouble with human behavioral issues and the lack of integrity with business people. They wanted to win at all costs. It cost lots of them their family and friends.
Milkens story is interesting:
Michael Milken
From Wikipedia, the free encyclopedia
Jump to: http://en.wikipedia.org/wiki/Michael_Milken
Michael Robert Milken (born July 4, 1946 in Encino, California). He is an American financier and philanthropist who developed, after almost single-handedly having created, the market for "high-yield bonds" (also known as "junk bonds") during the 1970s and 1980s.
After he was sent to prison on finance-related charges, his detractors cited him as the epitome of Wall Street "greed" during the 1980s, and nicknamed him "The Junk Bond King."
I actually started this journey by reading about Michael Milken back in 1992 after being laid off from a company downsizing. I figured if he could make that much money stealing money from little old ladies. All I had to do was develop a simple trading strategy that works for me. I've figured that out with the help of Ted Warren, an old timer who traded stocks on the side while he worked construction back in the 1930's. Once he figured out his system, he quit construction and traded stocks full time until his death.
All the brokers and professional managers want you to think its difficult. They will give you their 30 minute rendition of how their million dollar computers tell them when to buy, sell and short the market. It's what I call their $100 sales pitch. Do you believe them?
Milken's problem was he got greedy, that's what put him away.
That's one major reason I quit working a 9 to 5 job. I had trouble with human behavioral issues and the lack of integrity with business people. They wanted to win at all costs. It cost lots of them their family and friends.
Milkens story is interesting:
Michael Milken
From Wikipedia, the free encyclopedia
Jump to: http://en.wikipedia.org/wiki/Michael_Milken
Michael Robert Milken (born July 4, 1946 in Encino, California). He is an American financier and philanthropist who developed, after almost single-handedly having created, the market for "high-yield bonds" (also known as "junk bonds") during the 1970s and 1980s.
After he was sent to prison on finance-related charges, his detractors cited him as the epitome of Wall Street "greed" during the 1980s, and nicknamed him "The Junk Bond King."
Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.
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