Non-financial aspects of becoming a full-time investor

[Jared Seah]

Now the snake reveals himself

tmhy, you are a good troll! Props to you!

I've stayed away for sometime, but you are so good that I must return to give you a clap. CLAP.

You know, from one snake oil to another?

Sweet memories of my snake oil peddling days. Ah! The old bait and switch routine.

Behold! The confident know it all person is not the same insecure dithering soul that started this thread

It was never about you, was it?

[tmhy]

Hi Jared,

I know your snake remarks were made out of good intention. You are trying to warn forummers here of potential snake-oil salesmen. I have seen you doing the same thing on your blog in your unique entertaining style. Actually, I am one of your loyal blog followers. You are sincere and have no agenda.

I have asked my question and forummers have spent time giving answers. I thought it is only right of me to return the favour to spend some time to contribute this last post.

Snake or no snake, I hope forummers put on their skeptical hat but do not dismiss this post that I wrote as I have spent the morning writing it.
https://www.valuebuddies.com/thread-7879...#pid135489

[Big Toe]

Quote >>I do not agree with Big Toe about going in 100% with no "what ifs". There shoul be a back-up plan if the main plan fails. And if the back-up plan fails as well, then the estimated damage from the fall-out should be within tolerable limits. I don't believe in burning bridges and going 100% in with no what-ifs. On this note, I think full-time speculators should create an alternative stable income by using their other skills and hobbies. They can become free-lancers or consultants. These are low capital business activities that continue to keep the full-time speculators' other skills intact. I believe the greatest asset is still human capital. The skills in your head that no hostile enemy can take away by force. Don't lose it after becoming a full-time speculator. Some full-time speculators create a side income by teaching people how to speculate. On this, the skepticism expressed on this forum is absolutely healthy. I would personally recommend that retail investors learn from books and free internet resources than attend expensive courses which charges thousands for a few days. It is simply not value for money.>>

Some parts I agree some parts I do not agree. Who said anything about burning bridges? As a full time investor, you NEED bridges. Leave with grace, the contacts one has amassed in a full time job might be useful in the next pursuit. Always maximize chances of success no matter how little or remote it may seem. The part about not spending too much on expensive courses is true for most courses.

About having alternative income, everyone knows that. Some here are probably best in Singapore in doing that. From a meek advice seeker to an expert in giving advice. Intentions might be good but you have probably broken the little trust people have in carrying out your experiment. And to Jared, it IS all about him. Snake...very apt.

[Jared Seah]

tmhy,

Who said I got no agenda? I'm a caffeine addict. I blog to get free kopi!



Fair enough. Now that you've passed my poke the orange verification test (confirm dragon with no legs), I can give my 2 cents worth:


1) Since you are not a lone wolf and need a label to determine who you are, you can become a remisier and invest/trade for yourself.

That should solve the CNY "labelling" issue, and you have the company of peers to bounce investing/trading ideas off each other - you hunt in a pack.


2) Alternatively, you can print a fancy name card and call yourself the CEO of The Matrix Has You Investments Capital. You know, the Waiter is you, Captain is you, Manager is you, and Owner also you kind of one man show company. That should impress your relatives during CNY! LOL!

As for companionship, you can rent a desk from those Trading Arcades. Now quite cheap, for $500 per month can get!

But don't disturb the prop traders there by asking your philosophical questions, "Do you see yourself creating value to society by being a parasite of our financial system?"


P.S. From your opinion on full time stay-at-home retail investors, we pretty much know how you feel about stay-at-home dads, and freelance tutors working from home.

I've been doing it for 5 years now as a nano-hedge fund manager from home. If you wish to know more, that will cost you one cup of coffee

And if you need me to do an advertorial for your free workshop or seminar, it will cost you just one cup of coffee too!

Yes, I'm that cheap. Cheaper than Desker Road!

[tmhy]

About having alternative income, everyone knows that. Some here are probably best in Singapore in doing that. From a meek advice seeker to an expert in giving advice. Intentions might be good but you have probably broken the little trust people have in carrying out your experiment. And to Jared, it IS all about him. Snake...very apt.

When Jared called me a snake, I know it was out of kindness to warn forummers about potential snake-oil salesmen. When you called me a snake, it was out of spite.

It may sound awkward to turn from asking advice to giving it. But one post was on the non-financial aspects but the other post was on the financial aspects which I am confident and knowledgeable about. What is wrong with contributing back my knowledge after forummers have given time to answer my first post which sought their advice. You mean, after seeking advice, I cannot give back?

I don't care what people like you think about me. Doesn't matter to me. By the way, I think you may be right about me being a snake. Because I am pondering whether to eat lots of snakes soon!! Haha!!

[cfa]

Count our blessing , we don't have many sucker teasers in VB !
Happy New Year and a prosperous 2017 to all VBs . Cheers !

[Big Toe]

Quote >>It may sound awkward to turn from asking advice to giving it. But one post was on the non-financial aspects but the other post was on the financial aspects which I am confident and knowledgeable about. What is wrong with contributing back my knowledge after forummers have given time to answer my first post which sought their advice. You mean, after seeking advice, I cannot give back? I don't care what people like you think about me. Doesn't matter to me. By the way, I think you may be right about me being a snake. Because I am pondering whether to eat lots of snakes soon!! Haha!!>>

The point about not caring is the correct attitude. A lot of money can be made(or at least saved) by independent thinking.
I am not a person. I am....a toe. A big one. Toes can't think. But toes can type.

[karlmarx]

i don't understand. What's the angle for TS? What snake oil is he selling?

[tmhy]

i don't understand. What's the angle for TS? What snake oil is he selling?

Hi karlmarx,

This is my interpretation. What Jared meant by "bait and switch" is that the thread-starter starts off with a bait by asking a question. Attract the audience first. Then, thread-starter switches to talk like a guru. Possible reason is ... thread-starter is marketing his up-and-coming commercial services - make money from teaching people how to invest.

The skepticism is understandable and expected in a value investing forum given the training and bad experience from stepping on value traps. By the way, a clever snake-oil salesman would not fish for victims in a value investing forum. While the folks here are rich, they are not suckers

I have asked my question. Helpful forummers have answered and I have contributed back. To avoid further misunderstanding, I will stop here. I have no services to sell. 

I wish everyone here a prosperous 2017. Thanks!

[dividendangel]

i don't understand. What's the angle for TS? What snake oil is he selling?

Hi karlmarx,

This is my interpretation. What Jared meant by "bait and switch" is that the thread-starter starts off with a bait by asking a question. Attract the audience first. Then, thread-starter switches to talk like a guru. Possible reason is ... thread-starter is marketing his up-and-coming commercial services - make money from teaching people how to invest.

The skepticism is understandable and expected in a value investing forum given the training and bad experience from stepping on value traps. By the way, a clever snake-oil salesman would not fish for victims in a value investing forum. While the folks here are rich, they are not suckers

I have asked my question. Helpful forummers have answered and I have contributed back. To avoid further misunderstanding, I will stop here. I have no services to sell. 

I wish everyone here a prosperous 2017. Thanks!

that sounds very complicated. like he selling those BE RICH workshop is it?
i visited a few "FREE" seminars before.. wah liew.. really wasted my precious time