Stratone wrote:
=I figure if I can learn out how to actively trade the Stock Market, I could do so from almost anywhere with just a good internet connection. Well I have been studying reading seminars and actively trading off and on for a little over a year now. I guess there is a reason so many people are afraid of the market. It is a strong beast.
Still struggling with it today. Anyone have experience or insight to this monster?
Stratone...
First off, I disagree that your engineering background is of little use in another country... Keep your day job for now, but you can always fact find to look for other opportunities abroad...
As for your investing 'hobby', I would be happy to give you some insight into the proper way to manage your assets for the short and long term... After spending 25 years as a financial advisor for a major brokerage firm, I've seen and heard all the mistakes one makes with confusing the concept of investing and speculating... I retired a few years ago, so I have no vested interest in sharing my advise...
The key to your financial success is as personal as your fingerprint... Your plan should be tailor made depending on your age, your assets, your realistic goals, your current and future needs, your estate plan, and a myriad of other factors...
The portion of your assets that you can use for speculation is also determined by many factors such as your level of sophistication in the markets, amount of time you want to devote to trading, and your ability to productively work with a professional... Your trading vehicles are not limited to just equities, but can also include bonds, stock options, commodities, financial futures, hedge funds, etc...
The best advice I can give you for now is when speculating, don't be prejudiced on the buy side... You can also benefit when a stock, option, or commodity when it decreases in value...
If you know an investment professional, ask for his advise or ask a friend who is happy with his advisor...
Buena suerte and let me know how you progress...
