What style of trading would you teach your son?

I have taught him long term futures, be thankful of making 1% for the year when S&P is negative, fight to stay positive for the year in last two months of the year.

And, find a job or start a business you love to do.

Forget short term, you lose so much of life.

 

Son or daughter!

Learn convertible trading and hedging.

You'll learn stock, debt, and credit risk. Interest rate hedging and derivatives - same for stock, hedging and derivates, and leverage. You'll develop a better understanding of options and warrants. Depending on what you trade the markets are available continuously - somewhere. If it ends up being a skill you enjoy - many HFs still have robust convert operations.

 

I would teach him to first of all hit Max and Market on his retirement account, like a 401K, year after year, decade after decade.

If he was self-directed, I would suggest he periodically buy Berkshire Hathaway and tell his family and friends: "Warren Buffett and his brilliant successors work for me!"

 

One of the best suggestions.

 

a senior guy advised me to trade convertibles in London.
1. for the reason you said.
2. for the cultural experience.

 

The one with the least amount of emotional rollercoaster which is value investing long/short, if you care enough about your quality of life and well being. Unless your son wants to own a brokerage firm or build for software for traders, I would recommend that you keep him away from discretionary trading of any style. Teach him about private equity, venture capital and intrinsic value where the real money is made.

 

. Estimating future cash flows for businesses can be complex and uncertain, often involving a degree of speculation. It requires careful analysis, thorough research, and an understanding of the industry and market dynamics, making it challenging to predict with absolute certainty.

 

I’d have him intern with @destriero

 

6 months with des. Six months with you.

And the kids problem won’t be making money but rather what to do with all the fucking cash.

 

Proper financial education, guidance, and responsible money management become crucial to ensure they use their wealth wisely and for their long-term benefit.