you started a business and sold it. You started a second business. That’s something to be proud of. 30 is nothing. you can make more in 1 year of your 30s than all your twenties combined. You can make more in 1 year of your 40s than all your thirties combined. You can make more in 1 year of your 50s than all your 40s combined. think in terms of decades. You can accomplish anything in 10 years.
Hey Dest I know you have in the past traded this setup in your IRA and that what DTE would you normally choose for the syn straddles? Thx
Quarterly makes sense to me as a good blend of v/g. For tax deferral always go into the first month cycle of the new year.
Keep your head up (yes feels like the obvious advice, but do it) I had somewhat the same experience like you. But it's quite bizar how you can turn things around in let's say, 5 years. If you put the effort in. You have drive (judging from your post), you will probably succeed. Do not let occasional variance put you off
You can't do synthetic straddles in a mIRA in SN. You'd have to trade really wide verts (which was suggested). I am of the opinion that you're better off simply trading long delta flies in an IRA.
I am almost the same age like you. But there's no fear, because i know what i do & i don't touch ETF's. But i have never created a successful business neither sold it. Moral of the story : why no to keep working on your strengths ? You might do well with ETF's for a while, but usually it doesn't last. On the other hand, there are plenty of success stories where people founded one company/participated in building it, sold it - and started something even more successful. What ever you do, it's your call, but you shouldn't be afraid, because you're trying and on your dying bed, there should be none to zero regrets. https://vantageaging.org/blog/success-later-in-life/
5-30 years. Depends on what I do with my life in the next little while like settling down, how my business goes if anywhere, and how the market does.