Long story short I'm making about £500k a year from trading stocks and crypto in my late twenties, hoping to pack this in entirely in a few years because the stress is just off the charts. Only thing is I'm not sure wtf to do next. I am a medical doctor but don't practice anymore and can't think of anything I'm particularly passionate about.I do like travelling so was thinking of just doing this for a while but I feel like it could get boring or you might go nutty fairly quick. Plus of course this would be financially beneficial as would be easy to legally avoid capital gains tax, though I already live in a tax haven so legally don't pay any. I don't have any close family members so this is not a concern, although of course I will miss my friends. Is anyone here doing this?
>>2885870Post wallet There can’t be anyone making 500k a year that still browses 4chan posting wojaks lol
>>2885870>I'm making about £500k a year from trading stocks and crypto in my late twentieshow? I wanna be unemployed and bum around East Asia and NYC
>>2885871Sitting in cash at the moment. This is one of my current accounts, total value of all of them about £1.5 mil. Other pic is my stethoscope in front of monitor.This website is ancient, I've been here most my life and it's very possible for people to change over time. Also I thought this was easily the board with the most successful people so I doubt I'm totally alone here.>>2885872Be extremely gifted, able to handle tonnes of stress, be really lucky. If you are American it would be much easier and safer just to grind a good career like doctor, FAANG etc and get rich that way.
>>2885875Grats anon stay comfy
>>2885879thanks bro, same to you
What is your plan? Quit your job and continue trading while you travel?
>>2885870Yeah I've been doing that since 3 years ago. You don't need 6 figures if you are good at trading. I never made more than $20k in a year from either wages or trading. I lived in Korea for about 3.5 years doing that, and India + China + Malaysia for 3 months each. I barely worked my entire life. I am slow traveling through various countries just to sample them right now. Most of my time I learn languages, try to fuck women, go to the gym, and play vidya. NPCs can't handle this life because they're pussies, but if you have the fortitude it's the best
>>2885887how to get good at trading?
>>2885898Start with $2k or something and learn the basics. If you lose, call it tuition fee.But getting good in the end is about risk management and not getting greedy. Most guys try to be trillionaires and blow up their account. My living expenses are between $150-600 a month depending on where I live so I don't need to swing for the fences and risk striking outBut even before starting you need to have some amount in emergency fund, an amount that if shit hits the fan you wont be homeless and can recover. For me it's $5k. I know that from anywhere in the world, if I have $5k I can fly back to the US and rent a room and get a job and save up money again. If my net worth ever touches that number I go back and stack, else I continue chilling
>>2885903Nta but not being greedy really is the way. I’m new to anything stock related and discovered options but I had no idea how dangerous they are. I just bought an Apple contract at a good time and suddenly I was up like 500 bucks but didn’t sell not realizing I needed to make my escape while I can. It deteriorated and I bought more options for things and ended up flatlining my account down from 2k. Felt really bad and I quit. It’s really that moment of greed that got me good
>>2885903So how do you plan to retire, buy a house, raise a kid etc
>>2885870>Any travel NEETs here?newfaglike a decade ago there even was a neet general (sometimes)mostly trust fund neetsincluding myselfalthough mine is more like a temu trust fund, barely pays me ~30k€/y gross (it's coupled to the minimum wage in my country) which is only <20k net after taxes and health insurance>Only thing is I'm not sure wtf to do nextyou're gonna be depressed real quickit's well studied for pensioners, after retirement they lose their purpose and health goes down the drain>can't think of anything I'm particularly passionate about.again, you should REALLY fix this before going full neetcan be anythingbut you need somethinglike I got into Ornithology and writing reviews about castles (and correcting their wikipedia pages)>I do like travelling so was thinking of just doing this for a while but I feel like it could get boring or you might go nutty fairly quicyou should ask yourself what about traveling you likeand apparently you never traveled for longmost people get burned out from traveling after 3-4weeks unless they have breaks (like a workation)can't tell you how many "van-lifers" I've met that gave up after like 1-2months, not because it was hard, but because they just felt empty inside>although of course I will miss my friendscan you live with the though of missing out?because this is what happens when you leave close friendsand close friendships are really hard to maintain when you're gone >6 out of 12 months1/2
>>2885909I plan to shuffle myself off this mortal coil when the money dries up
>>2885909>retireAlready am. Indefinite retirement > permanent retirement. During my last work cycle many of the boomers there were already multimillionaires who had no material reason to work. Why did they? For friends, for fun etc>houseAlready have enough to buy a house. There are houses for less than $10k in many palatable parts of the world. I don't buy into the notion that an investment this burdensome and tethering is somehow a necessary and sufficient condition for happiness>childrenCame inside dozens of women. Several of them intentionally tried to get pregnant. One of them confirmed did. But she got an abortion. Might already have kids, if I do end up having them and I have a heavy heart can always go to work for them if that's the best option
>>2885903thanks anon, do you trade stocks or cryptos or both? Really new to anything finance related I've been an art/culturefag exclusively for my whole lifehow many hours a day on average do you spend trading?
>>2885942just stock options. when i'm active i take about half an hour on sunday to plan which day i'll trade and then executing the trade only takes a few minutes. But I'm not desperate so I'm not overly active. I haven't made a trade in over a month because I don't like the market conditions
>>2885946ah fair enough, thanks for answering my questions I will look into trading because work stresses me the fuck out and I want to travel Asia and NYC without being stressed the fuck out!!!!!!
>>2885910Thanks for the reply bro. I've been here for 14 years but don't normally go on this board much vs int and tv.Yeah well thanks for confirming that. I've got hobbies and stuff, just no extreme passion for anything other than making money which I don't really care about anymore. I have felt directionless at times. Your hobbies sound cool.I just like the third world experience really and the sense of adventure. I've travelled for 2 months at a time before which was good but obviously not same as indefinite. Qnd even then felt myself getting a bit detached from reality.I had to leave most when I left the united shitdom to move to a tax haven and it was ok, made new friends where I am and was happier after the move. But it does seem to get lonely and I'm concerned about the no gf issue since there are very few women willing to/able to live this lifestyle.>>2885950Bro I am the OP. I'm sorry to break it to you but trading/investing is not a stress free/easy option for making money. Like I'm a doctor and I would say it's much harder in terms of stress and clearly harder in terms of raw difficulty.
>>2885875If I was in your position I would buy cheap property somewhere southeast asia and make that my main base but that's just me
>>2885870Im off and on neet and wage, periods of 2-4y normaly, Im in my late 30.I dont have yearly incone as you, but i have some properties and background income that lets me live happily and travel.I travel 3-4times a year, its not that i dont have cash for more, but my wife dont have enough time (she works normaly) and still, I find that travelling more is kindda to much if I dont want it to get slate.I dont know how much you are sincere because it lowkey sounds like you do brag a little bit, but travelling isnt a hobby in itself, well at least its not a "good hobby". You travel to expirience things, you probably want to have some direction/purpose, for example you want to expirience culture in some form. Traveling to some place just because you havent been there just because youre bored sounds like a waste of time and money.
Any tips for trading? Tech is probably the best right now(?) like AI related stuff but i am not sure. Where do you find out about the news for decision making? I save up around 1k€ per month
