%% I liked his son JFK, tax cutter+ his sons silver% 00.50. Sorry to have to correct you, but putting it all in RE is not proper diversification+good year, but that may be a lotto/gambling deal, 3 years in a month.....?? As far as insurance, sure on some stuff, sure if the law requires on it= some do LOL.I do have a Texas bias , but the '' quick wealth'' TX size, oil, wealth ranching took decades to make unless your dad gave it to you. And while the Dow/DIA made some great gains, not near 2 years in this month, but congrats on this month+ QQQ did better.Good thing about being young =you may live to make new highs, from too much TX size risk/ taking too much risk, ITM
Traders are master of universe. If you take away all their money and assets today, they have the ability to grow all their capital plus more in couple of years. They have real skills and knowledge of know-how just like millionaires and billionaires having the real knowledge of making money. Some traders are happy with a billion dollar. Some are happy with a million. Still others are happy to make enough to scrap by. They quit the game when they make enough to do whatever they want to do. Life is very short. Most traders value time and freedom more than money. Money is a mean to end.
Ahh, greeks. That's an options thing, yeah? Maybe if you had posed the question like this... "Is it possible to become rich by trading options?", and posted it in the options forum and couched your "de-correlating asset classes" as you call them into a coherent and well-thought-out summation of what your idea about it all is, maybe you would have received more cogent responses. Just a guess. P.S. I think the word you are looking for in your context is "uncorrelated" asset classes. You cannot decorrelate asset classes which are already correlated. They do not do so just because you want your algo make them do it.
Read Market Wizards, Super Traders, Master Traders or any of the success books. You'll probably come to a couple of conclusions - 1. Some very smart people see an opportunity and capitalize on it 2. Rare events occur and some people may call this luck 3. A great many work hard, learn and do O.K. 4. A great many fail 5. The secret to getting rich is learning how not to get poor - risk management ! 6. Education is everything Citadel started in a dorm room - Hull at a blackjack table.
don't mean to be rude but are you and El Cubano philosophers or traders. If the latter then why contribute this way? Sure rich and rich is not the same but trading is not about morals or compassion, it's about taking money off the playground. Determination is what counts and not a conscience conflict whether it's deserved or not.
Um, yeah, that's what i said...rich alludes to material wealth which is what the OP is talking about.
%% Possible, but the[debtors mostly] who lost it buy/redeem most tax property, if its any good. Could work, unless you live in sand state + we have 2008 again, which is possible but a bear market happens more in stocks than RE.I dont consider TX a sand state.AS far as making/ keeping 2 or 3 years in profit in one month..... that could work with with 300..... in Dallas TX. 300 acres in downtown Dallas, but that that is an old joke .LOL
I wasn't the OP Merely responded to the OP suggesting that once you make immense amount of wealth through trading, you diversify. By "de-correlate", i used it as a verb form to take asset classes and try to uncorrelate it from assets in the market.