Comment by dismalaf
2 months ago
In the beginning, I donated about $10k to Wall Street. Got smarter, went to university for first finance, then economics. Learned to actually trade. Crushed the market, made nearly $100k annually with starting capital of only $30k. Then realized my life expenses were a significant part of that, I didn't have enough capital to grow it fast enough to both live life and accumulate capital to make trading more worthwhile than simply getting a job with that education. Getting a job + having easy passive investments (like a market fund) was less hours, less stress and more profitable than being a full time trader starting with a middling amount of capital. Also trading is less fulfilling than things like building, entrepreneurship, having a normal job plus hobbies, etc... Lots of traditional entrepreneurial paths also beat the market pretty handily.
It's good story but entrepreneurialism is a lot more than just a chosen career path, like teacher, software developer, product manager. It requires ideas, networking or connections, and usually capital.
And then that leaves working the 9-5 (or if you're in IT it's more like 8 to 6), and maybe getting 10-20% of your salary in bonus at the end of the year.
Rinse-repeat.
Trading is at least exciting.