I took that platinum card and bought an H1 Hummer on my first big year (solo). I'd paid off the Prime+2 LOC by that time (and put most of it in the Hummer) but it never sat right with me. Hitting the LOC with the purchase gave me other perks, but obv I could've received a lower auto rate. I paid it off in 10 months, but sold it as soon as it was paid for. That was '95 and I had my best YTD in 30y USTs. Plus, you cannot park the f*cking thing on the street in the city. The $75K would've been nearly $200K compounded. $125K/166% opportunity cost. I bot a rapidly depreciating asset, worse, I was compounding "on the job" at a huge rate. Lost $18K on the H1. Now the opp-loss is $143K. It's a pathology even assuming you're the greatest trade alive. There is nothing resembling common sense (BMW, Audi, clubbing). Like the mkts are an eternal money tree. This thread should be in the psychology forum. The trading isn't his biggest problem.
Sfctoday.com/news/1025-sfc-senior-already-a-financial-trader.html This WILL get him laid and some adoration from peers .He has that to fall back on. Any serious man however sees this kid as a joke. Narcissistic is an under statement. How can anyone here see this persona and performance not want to correct this kid. I suggest he spend a week with Drownproof!