If you are new to trading, before you go out and buy into to someone that claims to have the holy grail take a day and read thru this blog. If it sounds to good to be true, well it just might be. Why put your money on the line following someone when all you really need is to find your own way....there is a lot of crap out...
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE ANACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
Posts
7 comments:
Geez, I hate to be the first one to give an actual answer since I'll get critiqued by all of those that don't have the...uh...guts. Yeah, that's the ticket.
25% cash or cash equivalants
10% futures or managed futures
15-20% equities (weighted heavily in favor of dividend-issuing, ie, income producing, stocks)
5% option trading (hi risk)
25% Bonds. Not just any bonds. 2007 6.5% yield New Zealand bonds
10% gold and other metals/commodities (platinum, palladium)
+/- the 5% either in bonds, equities or futures depending on how I'm doing
The reason for the question was that someone asked me about how I would handle this. After all, he has a chance to sell and relax instead of beating his head against the wall every day with customers and employees and so on.
So I thought I would see if any of you out there in cyperworld had any intertesting and good solid ideas.
As you know I am big into money management (which should be about 90% of your trading plan) and then the trade setups, entry, trade management and the cover.
And if needed, yes you just won a lottery ticket....rotfl
But, I believe that you should have a solid real estate holdings as well.......hopefully with a small negative cash flow.....:)
In addition, since we have all the ISP addresses for every post in this blog and every visitor.....we don't need your comments anymore. We know who you are.
Well, maybe if there wasn't a bubble you could add real estate. In this market OB situation, I'd go some REIT stocks and diversify. Real estate is too illquid for such a portfolio IMO
Good point on the real estate this late in the game.....
Ok..more info.
The friend owned an inn and had his residence there also. So how would the capital gains be figured.....
Thought of that this morning....what part of the total is business and what part is private....hmmmmmm
Rotfl......007....
OK, he is not a trader....
he actually knows about as much about trading as some moderators do, but that is another story.
I like calendar spreads myself, but 100k in puts and another 100k in calls would blow my money management rules out of the water like a daffy duck during huntin season.....
The offshore tax thingie is interesting except the feds love to go after these folks now more then my mother in law likes cheese cakes.....and she has never seen a cheesecake she didn't love....
These are interesting responses will have to see if others have any clever ideas......
Well, today we had lunch and talked about things.
One thing he bought up was MAYBE learning to do what I do....so I told him he is better off learning to be a consultant in the bed and breakfast industry and we remain friends.
One issue I had was being a sole proprietor and living on the property was his capital gains taxes.....and how to handle those but found out that the 1.1 million was after all taxes.
Then came the idea of real estate, I personally am high in cash for one reason....and that is for the next bubble in the real estate market. Someone needs to be around to take all that property off the banks hands....AT A DISCOUNT TO FAIR VALUE....right?
Investing....well hmmmmm.......
good solid companies with something called dividends ...rotfl.
Tax free bonds with the correct credit ratings....of course.
The dividend stock fund is a great vehicle for investing...since it spreads the risk over a lot of stocks.
then we talked about golf and our sons.......had a nice dessert. But as I left I could see that the stress of running a business 24/7 was gone and he was ready to move onto something else....turns out he is actually 48.
He did like the idea of buying a 47 foot RV and watching the world pass by while looking out for the next golf course....ROTFL
Post a Comment