The Glade 4.0

A million people have ideas but the execution is the tough part.

FWIW, Nev, based on how you said you acted at your job, I would have fired you too.
"Insubordination" is a word that comes to mind.

It's really hard to see what's wrong with your own behavior and attitude, and having people point it out can really make ya dig your heels in even further...trust me, if anyone on the Glade knows this, it's ME. But I've worked my *** off to find my faults, own up to them, and improve them. It's not easy, but it's doable...you have to decide you want something better for yourself. I don't want to keep repeating the same shitty life lessons over and over, I want to learn from them and move onto something else.
Maybe some introspection is in order.

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"Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own." Jesus of Nazareth

Wow this is all bananas.. good luck in your venture Nev!

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Hokanu
Duty is a magnificent blessing because it is the sign of trust from the universe.
END OF LINE.

To them, it matters. To me, it doesn't.

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Ron Paul 2012

Thanks

I'm 100% confident in my success. I'll never have a J.O.B. again.

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Ron Paul 2012

It's understandable why you wouldn't want to post an exact business model, but how about a more general action plan?

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Ezekiel 23:19-20 

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Sail forth! steer for the deep waters only!
Reckless, O soul, exploring, I with thee, and thou with me;
For we are bound where mariner has not yet dared to go,
And we will risk the ship, ourselves and all.

To what end?




Honestly this is the plan. Trading stocks is a subset of my plan, and key to providing the funding for the subsequent stages of my plan.

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Ron Paul 2012

Because I'm curious to see how far along you've thought this through. I'd like to see you be successful, and success requires detailed planning.

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Ezekiel 23:19-20 

Trading stocks is close to gambling. I hope you have this well thought out.

Well I'm sorry. Today isn't your lucky day and I won't be posting any more details.

I've come across 100's of ideas in my time and I've recently (in the past year or two) stumbled across a few that work.

And they work really well.


To be honest I'm kind of tired of arguing about sh*t with people I don't need to prove myself to. It's one of the reasons I chose trading stocks as one of my many ways to make money.




I figured out how to make it work for me with relatively small risk.

I use stock picking services in addition to my own research, if you learn how to time your buys/sells properly and learn how to use limit and stop orders, you can't go wrong. Not everything is a 100% guaranteed winner, but with the stock picks / research it's like getting dealt pocket aces every hand. You may not win every time, but it's very high probability. So, if you use proper money management principles, you can control and minimize your risk, and maximize your profits. Know when to hold 'em and when to fold 'em.

It is high risk, no doubt about it, but the reward is higher than the risk. Much higher. There is a lot of potential.

I'm going to exploit that potential, because I now have the tools and knowledge I need to do so.

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Ron Paul 2012

That's fine, I'm not looking for an argument, and I certainly can't bring myself to care more about the soundness of the footing your building your financial future on.

I do want you to understand that you have an absolute **** wealth of experience and resources here amongst the denizens of this place that you've just shunned in favor of being an obstinate jackass.

/sarcasm

With the attitude you've embraced, and your obvious knack for dealing with individuals, I'm sure you'll go far.

/sarcasm

Actually, that's a bit unfair, I'm sure you'll get as far as the wind blows you in whatever direction it's gusting.

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Ezekiel 23:19-20 

If I were in your position I would be hesitant to bet on the stock market, not counting long term investments like mutual funds. Since you no longer have an income it might not be best to take risks with your savings.

In a general sense, the way to make money is to create things of value or provide services to others. Buying and selling stocks doesn't benefit others and I can't see you making much.

That's cause you don't know what I know!

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Ron Paul 2012

Yes. I am an ***. To you, and a few other people. Not everyone.



I'm sure of it, too, but again you can't really judge how I deal with people just from what you've seen on an internet message board.



That's where you're just plain wrong

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Ron Paul 2012

Right, right... because people who have already made lots of money have no idea how to... make lots of money...

Anyway, best of luck to you.

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Ezekiel 23:19-20 

This is going to be a fun lesson in stochasticity.

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Gesundheit.

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In time, this too shall pass.

Haha..


Fun Fact: My trading account has grown in 1 month more than most top performing mutual funds do in a year.






That's what I expected to get fired for.

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Ron Paul 2012

I wish you luck, Nev, and a word of unsolicited advise that's worth exactly what you're paying for it...

Folks learn that the easiest way to make big bank is hard work, and for some odd reason, the hardest ways to earn money often look as if they're the easiest. I think that's what others here are saying.

The moral of the story is, looks are deceiving.

Luck!

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In time, this too shall pass.

Thanks


I've actually been putting in a lot of hard work, and I'm 100% confident I'll succeed. Plus, with trades, it will grow at an exponential rate.

I'm [starting out] trading penny stocks, so the risk/reward is much higher, but at my age I can accept this higher level of risk. I'm pretty solid at managing my risk and maximizing gains.


One of the things I like about it is I can just do what I want. You see, to succeed in the corporate world, you not only have to be good at what you do, you have to convince other people you're good at what you do, and prove it to them, and you have to deliver consistently. At my J.O.B. my performance had very little to do with my pay, and now it's the other way around. Now if I don't feel like working, I can have an off day when I want, and come back full force the next day. Or if I feel like I have extra energy, I can work harder and get rewarded for it directly without having to suck up to some boss or dress like a damn yuppie. I hate yuppies.

I have a few other plans to supplement my trading, and even more plans that I'll be able to act on once more funding comes in, from my trading.

I have a few different ideas for freelance work I could easily do, as well as blogging. I'm getting back into web design and I have about 5 or 6 solid ideas that could generate different streams of mostly passive income. I know people that can help me with this. I'm learning new things every day.

I have a pretty high tolerance for risk, and one of my all encompassing ideas is generating mostly passive income, and I style my ideas around this concept. My ultimate goal is free time, not lots of money....however, the money will come in droves. It's only a matter of time, really.

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Ron Paul 2012

Note, by your plan you have to disregard yourself.

You hate yuppes, therefore, you too are a hater. Your opinions are therefore worthless.

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The U. S. Constitution doesn't guarantee happiness, only the pursuit of it. You have to catch up with it yourself. B. Franklin

"A mind needs books like a sword needs a whetstone." -- Tyrion Lannister, A Game of Thrones

Oh, you're throwing out fun facts now? Then how about this ...

The CAGR on U.S. Treasury Bonds over the last 10 years, that is, between 11 September 2001 and 11 September 2011 was a little over %22.4 in actual payout despite horrible yields. I'm sure you did not know that ... If, for instance, you had $1000000 to invest on 11 September 2011, and you did something pretty simple and sane, called a "Coward's Portfolio", you'd have beaten Warren Buffett's return on the decade by almost 10%. But, that's information anyone can get it ...

So, we'll look at your claim: "My trading account has grown in 1 month more than most top performing mutual funds do in a year". I'm going to be nice to you and assume you're basing this claim on percentages. You aren't moving billions of dollars; you don't have billions of dollars in principal to re-leverage against fading sectors, bearish behavior, and the general apathy of the stock market. Keeping that in mind, most of the 10 best mutual-funds you know about or will find easily enough on the web are hovering around 17%. That's really not a lot, especially considering you're principal, if I'm kind, is between $10,000 and $99,999. Best case scenario, you beat $17,000 in month; however, since you gave us all sorts of unnecessary information, you're better than 17% returns are less than $10,000. People use percentages because they don't understand big numbers, so let me give you a little perspective ...

Warren Buffett's net worth is generally considered north of $50 billion dollars. That's 50000 million dollar groups; or, because that somehow doesn't seem tangible enough to me; Warren Buffett could give everyone at the next Super Bowl a million dollars (about 45,000 people expected to attend) and still have 10% of his current net worth.

I know, I know ... you're not Warren Buffett; you're not the "Wizard of Omaha." Well, here's the scary thing: Warren Buffett isn't a statistical anomaly; Warren Buffett did not make his money taking risks and going against the odds. There are more statisticians at Berkshire Hathaway than there are economists; there are more statisticians than there are finance consultants and accountants. Wrangling the double entry ledger for a multi-billion dollar hedge fund is child's play compared to the petaflops of processing power Berkshire Hathaway dedicates a year to statistical analysis. The guys managing the mutual funds you're disparaging do incredible things based on very established math, a little bit of insight, and a general understanding that the stock market is inherently non-deterministic; inasmuch as you think you can beat the system, I'm here to tell you that the system you're trying to beat doesn't play by any rules you can recognize. You haven't and won't abstract the system far enough to understand that for every Warren Buffet, there are roughly 188,000 investors in the U.S. stock market that lose money on every trade ... that lose money on EVERY trade.

Mutual funds work a lot like health insurance pools: they aggregate capital and distribute risk; mutual managers and their teams of economists, statisticians, and finance theorists do an incredible job of finding consistent, long term profits in an insanely hazardous game of chance. These companies produce real profits and monetary growth by knowing enough about what's going on they can mitigate the risk to normal investors. But, you think you're smarter than that ... you think, just because you have a basic understanding of stop-loss measures and other investment protection vehicles that you're ok. Nothing could be further from the truth ...

Like I said, this is going to be a fun lesson in stochasticity. You might want to look that word up.

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You know, there's a reason why "thinking with your dick" is considered a generally bad thing to do. That's not just limited to interactions with women, either.

Having balls is all fine and dandy, but it isn't a recipe for success in and of itself. Humility and awareness of ones' own limitations are just as important, and then of course you have to actually know what the **** you're doing.

Maybe you do know what you're doing; I certainly couldn't say. The business world is rather alien to me. However, if you were one of my lieutenants, I'd be shuffling you into a staff position as an assistant to a senior officer until you improved your attitude, not making you a platoon leader, because you don't know how to talk to people, you seem to think you're smarter than everyone else, and you don't seem to have a great deal of due caution.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."