Job Discussion Forums

[stumptowny]

rxk,

that's about the same cumulative time as me investing. good stuff. liquidity is really key for high volume trades or anyone who needs quick, precise fills at set prices with little to no slippage to turn a profit. I'll pass on that kind of stress. eyes glued to a level II screen all day watching the bid/ask...... yikes!

I don't deal with the slow burn stuff either though. equities only. no day trading or churning. my 1 year return is 61% and 3 year is 43% with roughly 20 round trips in about 10 different companies in that 3 years span. with the markets as strong as they've been, not so hard to do if you do your due diligence.

with that kind of return, I'm certainly not about to look into fixed income securities any time soon. or a full time job. I'll be at the beach mostly. too much money to be made to worry about that OBEY japanese nonsense.. I am on the young side with a good ticker so I can still stomach the high betas. something about that risk/reward thingy...

Have a great Spring and Summer!

[nicenicegaijin]

What I don't get is with that amount of intelligence and knowledge regarding investment, WTF are you guys working as ALTs and eikaiwa teachers????
If you had my job and total assets you guys would be able to live off your investments. My financial planner returns me 10% which I thought was good, how did you get 65%? I also did some currency trades in the past few years long term buy and hold and returned around 25%, I thought that was good. Imagine I have 2.5 million in total assets around 1.5 mil in property which has been gifted to me but is in reality family property, and around 1 mil in different currencies in cash, ETFs, 3 classic cars. I think around 1 mil of that will be eaten up by family over the years. So how can I know what the hell to do with my money, what would you recommend? The people I surround myself with are too snobby to talk about money, so we never talk about investment etc...

[stumptowny]

nicenice:

what you don't get is money and how it's possible that someone with your job doesn't have more. clearly it's your issue to change. you've been in denial of this possibility since your awareness of my existence.

you have focused on climbing the job ladder. others focus on climbing the money ladder. when you internalize the difference, you will change your motivation, intrinsically, if it really matters, and not wait for others to tell you.

having a financial planner is an admission that making money really is not important to you, as rxk confirmed.

2.5 million (less than 1 million tradeable?) is chump change. 10% return on 1 mill ~ 8kUSD = $800 profit a year. it takes money to make money aka "buying power" and you will go no where with this pittance of a return. and no, I do not trade on margin (ask your planner what this means).

how, you ask? it amounts to consecutive good decisions (I have a system) and exponentiation. I could tell you about it but I am not going to. you burned that bridge. G Cthulhu is selling his advice via pm though.

off today. same as yesterday. same for tomorrow. next week. pretty cool, "working as ALTs and eikaiwa teachers"

the people you surround yourself with are too snobby??

[nicenicegaijin]

I don't get what you are talking about since your first sentence does not make sense.

Yes, money is not important to me, having a high social status is.

I think you misunderstood when I meant million it is USD, not yen.

It is funny that you don't work anymore though as before you were an ALT with Interac, so how did you do it saving 2000 USD per month as you state in your old posts?

[stumptowny]

I'm basically jobless now. so, according to your logic, even worse off and lower on the nicenice high status ladder than those minion ALT or eikaiwa workers. yet I'm smoking you on investment returns. I find it funny too nicenice!!! adding 1 + 1 together has never been your forte re: my story so I am not surprised you rely on a financial planner. perhaps your high social status goggles are so clouded due to wear, they block your view to common sense.

and lets get this straight: you are surrounded by snobs... AND netting 10% returns...YOU'VE FINALLY MADE IT! pop the corks... where do I sign up for this?! clearly it's not making you as wealthy as you want, hence seeking advice from anonymous strangers in a forum. at least you are trying here and that is a start. if you were not so high-status centric in your looking down on, well, everyone, people might be more apt to help you..

my bigger concern is your obligatory relationships for status. that is a try-hards survival mechanism for social ascension. middle school stuff. I surround myself by people who make my life qualitatively better. that's it. I don't sell out, anywhere.

social entrapment aside: you are doing good with your nest egg. I will never knock anyone doing well and I will encourage everyone to make bank. so congrats and great work there. 10% returns is pathetic though, especially in this long-toothed bull market, and your planner is getting his cut. time to drop the planner and get a clue..

[kzjohn]

Any given long portfolio has a certain volatility, so if that is minimal and you're getting a steady 10%, I wouldn't worry or envy others.

I've kind of given up on individual names. I guess I don't have the smarts or the attention span to pursue it that way.

PJP has been very good to me. Some others are PKW, RPG, RPV, PDP, FPX, GURU, FDN, and XTN. (I still have some MO, should have had several times more, along with other tobacco--tobacco & health care = a good combination!)

Most of those are rated well by morningstar, and with some cash on the side, I'd probably just add to some of those, given a correction. SPY just doesn't do it for me, I've opted for the above, or if it had to be simple would go RSP/QQQ instead.

[nicenicegaijin]

I agree 10% isn't any good compared to the returns you have been getting, but my financial planner did decide I should adopt a low risk long term approach. The reason we decided on this is due to the large amount to invest and minus his costs I end up with around 70K usd per year (fictional). The rest is in property which unfortunately is stagnant at the moment, but will beat inflation over time. The other thing is that if I decided to do it myself I would probably not make any money, due to a lack of knowledge and being a professor at a university I need to spend time on research. When I decide to retire I will probably ditch him and do it myself but I would want a least a few years of research on how to invest. The only thing I am able to do myself, which is very easy is have a multi money online account in lux and do long term currency buying and selling, as I stated I have made around 25% on those transactions.

My other question is now that you don't work, what do you do all day and how much money do you allow yourself per month?

[rxk22]

[rxk22]

[rxk22]

[Maitoshi]

Too snobby to talk about investments, NNG? Sounds so very elite. Those with real money are careful about to whom they speak of money matters, but those "in the club" aren't ashamed or snobby regarding investments. They speak freely among their own. Guess you are on the outs, too.

I readily admit that I am on the outs, but this is of my own choosing. I've enough experience to smell some serious B.S. when presented, though. You smell to high heaven, sir!

[nicenicegaijin]

Maitoshi,

You are so middle class it is actually endearing, I feel like giving you a gold old pat on the back and coming over to your 3ldk and sitting on your ikea couch as you would probably call it and drinking some new world wine.

Of course you don't really know what you are talking about (again), but I will try to guide you through the class system which you foolishly thought died in the 80s. When you talk about the people talking about money I assume you are talking about the nouveau riche? I really don't know what they get up to but, I can tell you 4th generation like myself do not talk to their mates as you call them about money. In fact I hardly have any friends in Japan due to the fact most people are not my kind of people, but in Europe where my vacation homes are luckily I am surrounded by my kind and I can tell you we do not talk about money. Why do you think I talk about it on internet forums, it is my version of therapy.

[kzjohn]

A friend is coming over, so tonight's new world wine is Kay Brothers, Amery Vinyards, Hillside Shiraz, 2002.

It's one I've had for a while (and am looking forward to), and it's screw-topped, so I'm sure it won't be corked.

Already decanted.

[Maitoshi]

It's funny that you mention a couple paultry mil in assets (imaginary/fabricated?) and talk about old money as if you knew what you're talking about. BTW, on the West Coast, such assets only put you into the middle class by a hair. Yes, I'm middle class. Some in my family are working class. More than a few others put your so-called "success" to shame. Keep chasing your dreams, mate. As far as I can tell, there are happy and miserable people on both ends of the financial spectrum and a whole lot of posturing in the middle.

[nicenicegaijin]