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That's a funny question. I 'left' my job as an engineering manager
(involuntarily) in early 1991. I screwed around for a while....tried to
get a Ph.D in engineering...then started trading in 1992.
I have a BMW purchased new, though old now only because I love it. 3
sons. One in Saint Benedict's Prep. A private school but not expensive.
One in Seton Hall Prep, a private school but fairly expensive. The third
in public school but destined (I hope) for Benedict's.
I have a house which could be sold for about $530,000. I owe about $80K
on it.
I have been trying to buy a business for about the last 3 years to
'level' off my income...that is to say. it's nice to make a lot of money
one day but I cannot live this way. Making $10,000 on Friday and
dropping $5,000 over the next 2 weeks makes it very hard to plan. So I
am trying to buy a business so if I know I can make $1,000 a week then
the fluctuations that occur from trading may be 'smoothed' out.
Again...I thought your post intriquing enough to answer honestly.
Normally I would not get into my particulars...but you seemed to hit my
situation right on the head so here is your response.
Did I do any of this by choice? Perhaps so. Once I left the world of
doing for others I decided to do for myself. I risk the welfare of my
family each day. It is more of a responsibility than I had before. Is it
worth the headache? Absolutely. Am I concerned that it may be fatal at
any given point? Well, that's why I am investing in a side business to
stabilize the income. Could I have afforded that business while I was an
engineer? No.
--PJS
Austowne wrote:
>
> Has anyone out there quit their job as a physician, lawyer, dimestore clerk to
> trade the markets (daytrading the S&P e.g.), and found it a consistently
> viable way to make a living? By making a living, I mean having the
> wherewithal to live in a million dollar house and have enough left over to
> send the kids to private schools along with their BMW's?
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