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Some brokers have computers at their office for clients use .
So You would be going to work daily to a brokers office instead of going to your job office . You will meet other investors or day traders and soon join their group for morning tea and swap information etc.
You would attended all those saturday morning seminars organised by "shareinvester"
No you won't be lonely, unless you deliberately chose to lock yourself at home.
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(27-12-2016, 09:55 PM)soros Wrote: Some brokers have computers at their office for clients use .
So You would be going to work daily to a brokers office instead of going to your job office . You will meet other investors or day traders and soon join their group for morning tea and swap information etc.
You would attended all those saturday morning seminars organised by "shareinvester"
No you won't be lonely, unless you deliberately chose to lock yourself at home. Agree. Life is what one choose to do with it. Not many have the privilege to indulge in full time investing. You should consider yourself lucky if you have the necessary capital to embark on such an endeavor. What others think of your "profession" is not important as long as you are happy doing it and better still have some profit to show at the end of it. 
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27-12-2016, 11:12 PM
(This post was last modified: 27-12-2016, 11:13 PM by funman168.)
Just make sure that your mandatory expenses are almost fully covered by safe Income streams such as fixed deposits, bonds, rental and dividends.
After semi-retiring, u will find that u actually can cut down lots of unnecessary expenses w/o compromising your standard of living.
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Life is a game isn't it? We are merely characters in the game living our destiny. Game over is definite and new heroes will arise. That's the beauty of life no one is king forever. Live the dream you want, be free and happy!
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28-12-2016, 09:08 AM
(This post was last modified: 28-12-2016, 09:23 AM by EnSabahNur.)
(26-12-2016, 11:37 PM)tmhy Wrote: - How would society view someone who is still reasonably young (early 40s) and quits his job to become a full-time investor? I do not view investing highly as a socially useful activity. Little useful stuff is created from the buying and selling of securities in the secondary market. I admit this sounds hypocritical given that I am harbouring thoughts of becoming a full-time investor.
- Investing is a lonely activity. I operate alone. When I have a job, I still have a group of friends and colleagues to talk to. After I plunge into full-time investing, the loneliness is going to be acute.
I agree that trading of securities has little direct impact to society, other than greasing the wheels of capitalism.
If you have the ability to become a full-time investor, you probably have done well enough in your career and investing. Career, because I assume you saved your salary and turned it into your capital, and investing because otherwise you wouldn't think you can retire on your investing skills.
Maybe you can consider donating a part of your investment proceeds to charities. E.g. 10% of your dividend income. If your capital base is 500K, and your portfolio yields 5%, you get 25K a year. 10% of that is 2.5K. Its not a big amount, but it probably matters to the people who are receiving it. Also, as you do well, society does well.
As for continuing to work with your friends and colleagues, maybe you can explore if your company allows you to stay on, but in a role that gives you more free time. If you have valuable skills to your company, they may want to compromise in order to retain those skills. You will probably have to take a pay cut and a drop in rank though.
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Tmhy,
On society and relatives' view of a full time investor, its probably not too good as most people can't imagine how a full time investor works. While recognising the need for social proof is a human nature, one would be better served if he focus on adjusting his own mindset. Especially in the first few years.
In the longer term, the way to demonstrate success as a value investor is by not failing and having to rejoin the workforce, compounding your net worth, and leading a good life. Do that for 10 years; can a reasonable person conclude otherwise?
Getting wife's buy-in (OPMI's point) is important. Otherwise the pressure can be tremendous when things don't go well. Better yet, get parents' buy-in as well.
hope this helps.
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I do not think there is any stigma for being a full time investor and seen as "useless bum" or "activity not contributing to society". More than likely I think most could be secretly envious of those who have the means and ability to leave the rat race and become a full time investor. 
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28-12-2016, 02:51 PM
(This post was last modified: 28-12-2016, 02:54 PM by tonylim.)
Most important of all is to sustain successfully !
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28-12-2016, 07:09 PM
(This post was last modified: 28-12-2016, 07:12 PM by BlueKelah.)
Welcome to VB forum!
However engineer or not, I am just sceptical about your motivations, especially when someone suddenly joins a forum to ask about "life" questions that are not specific to value investing or to a specific stock, having contributed nothing on the forum or got to know anyone here. 
If previously you have been successful balancing Job and investment research, and it has proven to be profitable, then you could just do what you have been doing. Will coming to a forum change your mind and tip you to become full time investor just because we say this or that??  I dun think so loh.
If you can share what stocks are you researching at the moment, and what strategy u are using, needing so much time dedicated to research, that you have to quit your engineering job, then maybe I wont be so sceptical. 
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(28-12-2016, 07:09 PM)BlueKelah Wrote: Welcome to VB forum!
However engineer or not, I am just sceptical about your motivations, especially when someone suddenly joins a forum to ask about "life" questions that are not specific to value investing or to a specific stock, having contributed nothing on the forum or got to know anyone here.
If previously you have been successful balancing Job and investment research, and it has proven to be profitable, then you could just do what you have been doing. Will coming to a forum change your mind and tip you to become full time investor just because we say this or that?? I dun think so loh.
If you can share what stocks are you researching at the moment, and what strategy u are using, needing so much time dedicated to research, that you have to quit your engineering job, then maybe I wont be so sceptical.
Your skeptism is absolutely understandable given that this is a value investing forum. Skepticism is a healthy attribute to avoid scams and frauds among your stock picks.
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