18 Mar 2024 8:07 am
I really hope that works out for you. Tripling a trading account in one year is a lofty goal. That gives me indigestion just thinking about it. My trading experience cost us $50k before I realized how much I suck at it. Luckily that was 25 years ago and moved into the normal long term plan of consistent investments through a 401k. That 7% average return will put us in the Holy Grail area of retirement accounts in a handful of years, or longer probably. We don't have to access those accounts till RMD age which is still a decade in the future.LowIQTrash » 17 Mar 2024, 5:34 pm » wrote: ↑ 1. I’m not HC
2. I would say the options play I have in mind (SLV and miner calls, IWM and SPXL puts) is more of a desperation play since I got hosed a while back / missed all the run ups in **** like Bitcoin and I’m pretty pissed.
I want to catch up and potentially triple my investment portfolio in 1 year.
I have nothing against physical silver, all I know is a lot of these pawn shops and PM dealers are charging rip off “fees” which makes me question if all this “everything will collapse and you’ll starve to death” is just propaganda to sell more silver and gold bars…even the reasonable sites like JM Bullion will only seem like a good deal if you buy their discounted items.
We have a friend who has been trading the Forex for several years, it must not be going well as his wife went back to work. No amount of caution can sway the allure of fast money.
Seriously, best of luck!