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Old 08-18-2014, 01:11 AM
 
1,017 posts, read 1,817,290 times
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Quote:
Originally Posted by Pitt Chick View Post
Just borrow mom's car!

You probably will have trouble insuring a high end car anyway...
even worse living in LA his rates will kill him. I suggest he shop for insurance first or he won't have his 1.5 for long. ide go for something practical and economical. and if the OP has no job then how does he expect to get a bank loan. whats his credit history like?

 
Old 08-18-2014, 01:12 AM
 
1,017 posts, read 1,817,290 times
Reputation: 461
buy a cheap car and save the rest for a house
 
Old 08-18-2014, 02:02 AM
 
Location: NWA/SWMO
3,106 posts, read 4,012,101 times
Reputation: 3280
I could retire for life on 1.5m. I'd buy what you want.
 
Old 08-18-2014, 03:41 AM
 
4,765 posts, read 3,744,737 times
Reputation: 3038
If this guy is the real deal, some sort of day trading savant, yet naive to the ways of the world, then I applaud his seeking opinions. But, it does stretch credibility a bit. In truth, if you could amass 1.5 million by age 26, then you could sock it away and go to work in the finance/economics/investing world and make a nice income. So, why so concerned about annual income? Is the phenomenon not repeatable?
 
Old 08-18-2014, 03:44 AM
 
Location: Southern New Hampshire
10,065 posts, read 18,168,070 times
Reputation: 35917
Quote:
Originally Posted by Lowexpectations View Post
Where did the 1.5mm come from?
Day trading. Uh-huh. (Despite his "anxiety disorder" -- see https://www.city-data.com/forum/psych...-disorder.html -- which means he can never make decisions, as he writes in the first post of that thread ... )
 
Old 08-18-2014, 03:49 AM
 
12,547 posts, read 9,993,654 times
Reputation: 6927
Quote:
Originally Posted by karen_in_nh_2012 View Post
Day trading. Uh-huh. (Despite his "anxiety disorder" -- see https://www.city-data.com/forum/psych...-disorder.html -- which means he can never make decisions, as he writes in the first post of that thread ... )
Kind of a low blow to bring up a thread which describes what could actually be a problem in his life.
 
Old 08-18-2014, 04:21 AM
 
4,765 posts, read 3,744,737 times
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Quote:
Originally Posted by eddiehaskell View Post
Kind of a low blow to bring up a thread which describes what could actually be a problem in his life.
Maybe pertinent. A day trader must make decisions on what to buy, when and how much - many times daily. Does seem like a bit of a disconnect.

If true, I'd set aside a million and use the other half a million to build another small fortune. I wouldn't buy a car to attract a lady that was going to tire of my quirkieness and leave with half of it. One word: prenup!
 
Old 08-18-2014, 04:57 AM
 
12,547 posts, read 9,993,654 times
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Quote:
Originally Posted by shaker281 View Post
Maybe pertinent. A day trader must make decisions on what to buy, when and how much - many times daily. Does seem like a bit of a disconnect.
Yeah, I see the disconnect, but there could be an explanation. The decision to buy/sell a stock can be done by a mouse click almost like one's in a virtual world or video game. On the other hand, decisions like what car to drive or what clothes wear influence the way real people see and judge you in a more intimate face-to-face manner...I could see this causing anxiety for someone with low self esteem.
 
Old 08-18-2014, 05:31 AM
 
Location: southwestern PA
22,725 posts, read 47,958,354 times
Reputation: 48776
Quote:
Originally Posted by eddiehaskell View Post
Kind of a low blow to bring up a thread which describes what could actually be a problem in his life.

Not really.
If it actually IS a problem in his life, day-trading (and this thread) is a fantasy.
 
Old 08-18-2014, 07:02 AM
 
24,831 posts, read 11,252,374 times
Reputation: 47492
Quote:
Originally Posted by Lowexpectations View Post
Where did the 1.5mm come from?
Where did the mom come from?
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