So your brokarage account just hit 7 figures | Page 2 | Forex Factory

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So your brokarage account just hit 7 figures

  • #21
  • Edited Nov 17, 2006 7:00am Nov 16, 2006 5:17pm | Edited Nov 17, 2006 7:00am
For me it is 5 more rental houses with 100k down on each For the depreciation. and 500k in 401k tbills...
Hopefuly tax deferred . LOL

Edit:
To elaborate, I have been buying rental houses most of my adult life.
By purchasing 5 more at 100k down, with a price of 500k on each, that turns my 500k into a leveraged position of 5:1 with it completely collateralized by an asset that is worth at least or more than the entire amount. . So I make money while there is inflation at the rate of 5:1. ( if 2% inflation, I make 10%on each house) in addition, I write of depreciation on the structure of each house, and the renter pays off the mortgage for me. So I earn money three ways from the same investment, all the while it is completely secured by it's own asset value... I have already done this for years...

Scott


Quoting Darkstar
Withdraw $1m and build a nice little bond ladder. Start all over again with the $5k...
  • #22
  • Nov 16, 2006 5:50pm Nov 16, 2006 5:50pm
Crazy question, why am i responding...

Would keep coundpounding on same speed till i dry out Forex market completly at 8,000,000,000,000.00$ and then burn it all so people realize it never worth anything and we never really needed it if we were all caring for each other...

No really, quit job as soon this can make a living, 250k/year should do it for me and familly. The rest go to charity.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #23
  • Nov 16, 2006 6:15pm Nov 16, 2006 6:15pm
Yeah like my account will hit 100K, then plan be hit 10K, withdraw 5K and repeat, keeping some of 5K to one side to start again if I have a bad month.


Do I really need more than 5K in the account to make a living ?? do I really want to trade at $100 per point ?? NOOOO, well, hmmm maybe

Spend as it goes, could be hit by a bus tommorow, then you can Su for 1Mil and won't need the Trading
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #24
  • Nov 16, 2006 6:32pm Nov 16, 2006 6:32pm
This is a good discussion. Donald Trump says in his books that you should dream big and often. I would spend the hell out of it. and save some then re-invest.
  • #25
  • Nov 16, 2006 7:08pm Nov 16, 2006 7:08pm
Quoting BIGmike
This is a good discussion. Donald Trump says in his books that you should dream big and often. I would spend the hell out of it. and save some then re-invest.

I STILL WANT TO KNOW WHO TOOK THE REST OF MY MONEY !!!!
  • #26
  • Nov 16, 2006 7:32pm Nov 16, 2006 7:32pm
Quoting cerbera
And then you remember it's actually taiwan dollars so your account's worth $30,000
I havent seen a broker accepting Taiwan money..

Make that Japanese YEN! then that should be worth no more than USD$8500.00!!!
  • #27
  • Nov 16, 2006 8:19pm Nov 16, 2006 8:19pm
1 mill+ in my account? Don't think I would even see this thread on Forex Factory, so I wound't respond.....
//C
  • #28
  • Nov 16, 2006 8:24pm Nov 16, 2006 8:24pm
Ferrari and Lamborghini
  • #29
  • Nov 16, 2006 8:29pm Nov 16, 2006 8:29pm
Quoting darnell
Ferrari and Lamborghini
I'd never do that! When I said I wanted 10 cars, I meant 10 CHEAP cars. More than 1/2 of them would cost less than $10k. In fact, I think I could probably buy all 10 for LESS than the price of 1 our your Ferraris or Lambos.
  • #30
  • Nov 16, 2006 8:43pm Nov 16, 2006 8:43pm
Life is ordinary with a drop top and a car that can hit 170mph
  • #31
  • Nov 16, 2006 8:58pm Nov 16, 2006 8:58pm
A 1200 square foot log cabin out in the Appalachian backwoods, a garden with green beans and 'maters, a Martin guitar and a brand new fishin' pole. Plus $875,000 in anything yielding over 10% per annum. I'd be done.
"The time to act is when others show signs of tire." --W.D. Gann
  • #32
  • Nov 16, 2006 9:42pm Nov 16, 2006 9:42pm
My thoughts exactly

I suppose i'd go for a walk. In fact, thats exactly what i'd do. Go for a walk in the park, enjoy the day. $1mil is a milestone in any person's financial life.

although after the next successful trade i do believe i'd stop by the local bmw dealership..=P

all work and no play is for geeks


Quoting diallist
Why would anyone spend the money in their trading account? That money is the golden goose; it is a money making machine. Would you pluck the goose? Would you remove parts from the machine? Heck no! I'd do whatever it took to protect that account. If I had $1,000,000+ in my account, I would trade very conservatively and shoot for 1 or 2 percent average monthly returns. Do the math: that's $120K to $240K per year in income WITHOUT touching the $1M.

Spend my account? That would be like asking Scrooge McDuck to give up even one coin in his money bin!
- nick andre -
  • #33
  • Nov 16, 2006 10:05pm Nov 16, 2006 10:05pm
Yeah, but play to me isn't a BMW, it's a great big catfish on the end of an ugly stik...
"The time to act is when others show signs of tire." --W.D. Gann
  • #34
  • Nov 17, 2006 12:34am Nov 17, 2006 12:34am
move to a larger broker and turn it into 100 million
  • #35
  • Nov 17, 2006 12:35am Nov 17, 2006 12:35am
It feels good to dream again as I did often as a child. Whatever happened to believing you can do anything you want. Guess what, we can still dream big as we did and as often. We actually have already fullfilled all our dreams subconciously.

Let's just say that we are bored with our daily lives and enjoy a challenge. The challege is pretending life is difficult and impossible, but always knowing that we have already achieved what is already ours.

Not sure what I am talking about, but for the first time I typed whatever hit the keyboard.

TimeFreedom
  • #36
  • Nov 17, 2006 12:54am Nov 17, 2006 12:54am
I would help feed hungry and homeless people this Thanksgiving season so they can have a nice Thanksgiving Dinner with a celebration of hope!
  • #37
  • Nov 17, 2006 1:25am Nov 17, 2006 1:25am
Good post Dial, agree with MM at a max of 1% or less for sure. Why stress out? Go for some stress less "A" trades and that is it. Also for myself, I would diversify my funds and have several "Golden Egg" laying machines around such as managed accounts, etc...

Oh, and any trading that i'd be doing would be via the internet dish on the top of my wife and my motorhome somewhere roaming the National Park system in the USofA! We're selling the farm and going RV once the nest is empty in a year or two.

: ) Thom
  • #38
  • Nov 17, 2006 5:23am Nov 17, 2006 5:23am
"the question is not if you'll make a million, its how many folds over" ben affleck, the boiler room

making a million in forex shouldnt be a goal, but multiplying that million now thats what im talkin bout!
Egyptian and proud of it!
  • #39
  • Nov 17, 2006 5:59am Nov 17, 2006 5:59am
Keep trading as it is still not enough to buy my football team.
  • #40
  • Nov 17, 2006 6:12am Nov 17, 2006 6:12am
I would pay off my student loan and tell salliemae to go fcuk themselves....then pay off my moms lexus and buy a condo and keep investing....the world is not enough...
CRAIGSLIST BARTERING CHAMPION
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