Just discovered Steem and very excited to be here. I figured I would post an introduction, as everyone else seems to be doing. Future posts will be related to one of a very few subjects that really interest or intrigue me, and I'll try to be active in commenting intelligently (as best I can) to others' posts and replies.
I started out as a Computer Science major, and aside from a very successful 5-year freelancing stint building applications back in the day when companies were just starting their first forays into Information Systems, I have been employed continuously by Fortune 500 companies in one capacity or another. I was in the right place at the right time to leapfrog into higher and higher management positions within Corporate IT, eventually ending up in the IT Outsourcing business for one of the major players. Besides being well paid, it gave me exposure to several different industries as I was assigned ownership of them as clients. I've had high level roles at New York Stock Exchange, Euronext and Fannie Mae, among others. Close to 10 years ago, when the economy started showing signs of a huge bubble, and the 2008 crash looked more and more inevitable, I started exploring options to diversify my sources of income. I've done my share of Internet Marketing, Dropshipping, Fulfillment By Amazon, and a few other online ventures. They were, for the most, quite successful, but never (yet) to the point of fully replacing the very nice salary I was receiving.
Throughout the years, I first dabbled, and then more consistently operated, in different sorts of trading. Back in the late 90s, before the Internet and Telecom Bubble burst, it was extremely easy to make money trading stocks. The formula consisted of buying just about any new tech stock, preferably one no one even understood what they were supposed to be doing, hold it for 2-3 months, and sell it at 10 times what you paid for it. Those boom times never last, and 2000 came with a vengeance, but while they last, it's about the easiest way to make money possible. Good luck seeing this again within our lifetime.
After my initial forays, and seeing as stock trading seemed to be dead, I started to really educate myself on trading. I quickly discovered options, commodities, futures and other derivatives. The beauty of these is that an educated trader can make good money regardless of whether the market is going up, down or sideways. The other beauty of derivatives is something called margin. As opposed to stock trading, where if I want to control (buy) $10,000 worth of shares I have to have $10,000 in my account to trade with. With a derivative like options, I can control the same $10,000 in shares with maybe just $1,000 of money in my account. That multiples my profit exponentially at the same time as it reduces my risk in the trade. That one realization made all the difference. It is one of the few real epiphanies I have had in my life.
Once I discovered foreign exchange trading (Forex), I was able to again exponentially increase my profit and minimize my risk. The margin on the Forex Market allows me to control $10,000 worth of currency with anywhere between $160 and $450. I can consistently double my money in very short periods of time with minimal risk. Now, it's all based on knowledge, education, risk management, attitude and a bunch of other things. I arrived here after years of trading and working at institutions whose business was trading. It's not something you can wake up one day, put $160 on a random trade, and come out with $500. But if you educate yourself, and it doesn't take long, it's not a difficult thing to do.
It allowed me the freedom of not worrying about the next round of layoffs, or the next downturn in the economy, or even who gets elected come November. And that, my friends, is true Freedom.
As you can see, Trading, Freedom, Options and the Forex Market are among my passions. Living a good life and having fun, are also high on the list. It's not the money, it's what the money allows you to do. In particular, I love traveling to exotic places without having to worry about the cost. It's a lifechanger.
I will be posting things relevant to the interests I mention above, as well as the odd bit of business advice. For example, once you become successful, how do you protect your wealth? Hint: It can't be based on keeping cash in the bank. Cash isn't really worth anything. Cash is a symbol, and is worth whatever the government and or the market say it is worth. Many countries, formerly rich ones (Venezuela) have awoken one fine day to find that their strong currency is now worthless, they don't have enough to buy a loaf of bread even if they dig into the Savings Account, and there's no bread to be had at the stores, anyway. Don't let that happen to you.
Warren Buffett once famously said:
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
So educate yourselves. Be the one in the Rolls Royce. And stop listening to the people taking the subway. I'll do my best to help here on Steem. Own your future! And thanks for reading...
