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Ben,
It's amazing you can afford to do it full time. I'm sure you have prepared for it a long time.
I'm curious, how old are you? You can give a range if you want, I just wonder if it's possible to do stocks full time before 40 years old. 
(06-06-2013, 10:34 AM)Dividend Warrior Wrote: (06-06-2013, 09:55 AM)Wildreamz Wrote: (06-06-2013, 09:47 AM)Ben Wrote: Somehow, I feel that my situations are very similar to KopiKat. I am doing a lot of things he has done and can almost certainly agree with everything he said. For forum buddies info, starting from 1st July onwards, my passive income from stock investing will become active income, as I will be leaving my full time job. Like what KopiKat says, this change is going to accelerate my learning curve.
Though my situations are similar with KopiKat, I feel that he is far more successful and wiser than me and I have lots to learn from him and everyone in this forum. 
Hi, I am just curious. What do you mean by that?
I think he means investing will be his full-time job?
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Ben, join the club. Good luck!
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(06-06-2013, 10:56 AM)nathanmaloney Wrote: Ben,
It's amazing you can afford to do it full time. I'm sure you have prepared for it a long time.
I'm curious, how old are you? You can give a range if you want, I just wonder if it's possible to do stocks full time before 40 years old.
(06-06-2013, 10:34 AM)Dividend Warrior Wrote: (06-06-2013, 09:55 AM)Wildreamz Wrote: (06-06-2013, 09:47 AM)Ben Wrote: Somehow, I feel that my situations are very similar to KopiKat. I am doing a lot of things he has done and can almost certainly agree with everything he said. For forum buddies info, starting from 1st July onwards, my passive income from stock investing will become active income, as I will be leaving my full time job. Like what KopiKat says, this change is going to accelerate my learning curve.
Though my situations are similar with KopiKat, I feel that he is far more successful and wiser than me and I have lots to learn from him and everyone in this forum.
Hi, I am just curious. What do you mean by that?
I think he means investing will be his full-time job?
Hi KopiKat and Ben.
I am just wondering what is a daily routine of a full time investor.
Sorry if my question sounds dumb but i am trying to imagine the lifestyle of a full time investor. 
As a "part-time" investor, i am already following up on ARs, quarterly reports and companies' announcements after work on weekdays and during weekends.
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06-06-2013, 11:22 AM
(This post was last modified: 06-06-2013, 11:23 AM by sgd.)
Managing stocks for a living in your 30's is actually quite gamble. When you are young and still energetic and still able you should work. It's all about youth and time, people want your youth and energy and how much money you make from them when you still have it.
What if after 40 or after 50 while managing your stock you lose a chunk of that money? Stock crashes all the time it's not impossible look at europe government crash and take depositors money by force, unfair Sh** can happen anywhere in the world.
Do you think at 40yo or 50yo people still want to hire someone who gone out of the loop for so long especially in singapore context when employers are spoilt for choice when it comes to hiring, you think they rather hire a new blood fresh and full of energy for cheap or pay higher premium for someone who looks like they burn out already.
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IMHO, investing is not exactly a very interesting job and the performance difference between doing it part-time and full-time may not be that great. The windows of opportunity for buying and selling are so big that it does not require your eyes to glue to the screen every minute.
But, I suppose it is a great choice if your current job sucks.
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(06-06-2013, 11:22 AM)sgd Wrote: Managing stocks for a living in your 30's is actually quite gamble. When you are young and still energetic and still able you should work. It's all about youth and time, people want your youth and energy and how much money you make from them when you still have it.
What if after 40 or after 50 while managing your stock you lose a chunk of that money? Stock crashes all the time it's not impossible look at europe government crash and take depositors money by force, unfair Sh** can happen anywhere in the world.
Do you think at 40yo or 50yo people still want to hire someone who gone out of the loop for so long especially in singapore context when employers are spoilt for choice when it comes to hiring, you think they rather hire a new blood fresh and full of energy for cheap or pay higher premium for someone who looks like they burn out already.
Life is about living ones dream and being passionate, if its guided by fear then might as well be buried right now
Life is one daring adventure or nothing ( I think from Helen Keller)
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I have plan to do stock investing FT, but honestly, it wasn't in my plan to do it now. In fact I wanted to work for another 3 to 5 years before quitting my FT job, but things don't turn out right in my workplace and so I have to bring forward my plan. I did a detailed calculation and am comfortable that the earnings from my portfolio of investments is able to meet my basic needs, though of course if I could work for another 3 years it would be even better. Anyway, even though I would spend considerable more time in stock investing, I do have other plans as well. My priority now is not so much on how much money I can earn, but more to do what I enjoy doing.
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"Investing is where you find a few great companies and then sit on your ass." ~ Charlie Munger
I agree that the journey to finding a few great companies takes a lot of studying, research and effort. but once you have bought your companies, most of the time, you will just buy and hold.. It can get very bored staring at the screen daily waiting for the quotes to jump... you can always find a part time job, not because you need the income, more like it keeps you occupied
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06-06-2013, 11:52 AM
(This post was last modified: 06-06-2013, 11:57 AM by felixleong.)
I hope you are prepared and you have the passion to do it full time. You will be spending many hours a day reading news, research reports, checking annoucement, quarterly reports etc. to some people it may be very boring cause theres little social life. But to some its a joy to work from home and have the flexibility to manage your time. I wish you all the best.
I have been playing online poker for a living for 6 years and investing on the side for 5 years. I would tell you that working from home would really require a lot of discipline and the first two years getting used to it is the hardest. Especially when one's not drawing a stable income, the down swings can be torture to one mentality, after facing a few cycles of up and downs in your income would you slowly get used to it.
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everything has risk. but i think if one has amassed 3-5m n plough into blue chips equally, and he does not mind portfolio ups n down since all he wants are dividends, really, i don't see much risk. unless u talking abt s'pore going gone case.
cos these companies eg singtel ocbc uob dbs r extremely unlikely to go bust.
but one thing, u might get bored to death.
how i know? i retired at 37 then changed to semi retire.
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