POLL: What do you do with your excess daytrading profits?

Discussion in 'Trading' started by candletrader, May 10, 2003.

POLL: What do you do with your excess daytrading profits?

  1. 1) Attempt to spend it all regardless

    10 vote(s)
    66.7%
  2. 2) Transfer the excess into a bank account

    36 vote(s)
    240.0%
  3. 3) Put the excess into longer term stock market or derivative instruments

    17 vote(s)
    113.3%
  4. 4) Invest the excess into real estate, in order to generate rental income

    11 vote(s)
    73.3%
  5. 5) Plough the excess into a business unrelated to that of 3) or 4) above

    5 vote(s)
    33.3%
  6. 6) Accumulate the excess to help pay off the IRS at the end of the tax year

    8 vote(s)
    53.3%
  7. 7) Other

    16 vote(s)
    106.7%
  1. You mean ladne dupeczki???????????????


    Huh. Typical!!!!!!!!!!!!!!!

    Ty masz tylko jedna rzecz na mysli...

    Natalie
     
    #11     May 11, 2003
  2. DT-waw

    DT-waw

    Aren't they the purpose of trading and life in general? :cool:
     
    #12     May 11, 2003
  3. Sounds like you need to apply for a job at Nitro's and Bobcathy's latest venture :)

    Natalie

    p.s. I believe all the best jobs are gone now though....?!?!?!
     
    #13     May 11, 2003
  4. Trading is a linear income, that is to say you only get paid when you trade... I am seeking some ideas on residual income, since I have a bad feeling that I am not fully exploiting my trading profits... I have accumulated quite a large amount of $ that just seems to be pointlessly sitting there doing nothing... if anyone has any ideas on where I could park my excess trading profits so that it earns an ongoing (i.e. residual) rate of return considerably above a savings account rate, without me needing to tend the capital, I would be very grateful for some ideas... I have been reading Kiyosaki lately, and he is what made me realize that I better get my act together regarding doing something about money sitting around doing nothing... rental income is my favorite possibility so far, but I aint too sure about real estate in general, and I aint sure if its actually that hassle-free, cos I would have to deal with tenants and stuff... outside of daytrading, I am a novice, and need some real help getting my act together... any help would be much appreciated, guys...

    P.S. thanks dougcs, fox, lescor for your suggestions, which I am gonna look into...
     
    #14     May 11, 2003
  5. Monsoon

    Monsoon

    if you purchase a property that is large enough, you can easily hire a professional management company to deal with repairs rent ant tenants... 'buy land they aint makin any more of it '
     
    #15     May 11, 2003
  6. silk

    silk

    and i put that large metal box under my matress. My dog likes to sleep under the bed next to it.

    You never know when the "excess trading profits" wil stop coming in.
     
    #16     May 11, 2003
  7. taodr

    taodr

    Your wife doesn't know about box
     
    #17     May 11, 2003
  8. i buy beer
     
    #18     May 11, 2003
  9. Where did you learn Polish so well, Natalie?
     
    #19     May 14, 2003
  10. She's prolly got a Polish boyfriend / husband :cool:
     
    #20     Aug 5, 2003