I’ve read many books/articles/etc. about investing, and believe that the data backs up investing in low cost index funds such as VOO. I believe that it’s very hard for the average person to beat the overall market in the long term. Nonetheless, I still sometimes have a desire to try. I also like poker - something in me just is drawn to gambling, though I tamp that down as much as I can.
To indulge this, I opened an account with TD Ameritrade on June 23rd, 2021 and invested $25k. This was 5% of my total investment portfolio at that point. I used this account to do options trading, invest in leveraged ETFs, and generally day trade stocks I was interested in. I researched the investments and taught myself all types of options techniques.
As of today, the account is worth $23,876. The S&P is up 24.3% in the same timeframe, so if I invested the same $25k in VOO, it would be worth about $31k.
Anyway, I just thought others might be interested in my experience. I’m not saying I’m the most skilled investor - I’m certainly not. Still, I’m a reasonably intelligent and informed person, and I couldn’t really make this work.
I’m still keeping the account (now with Schwab) open, but I’m trying to move most of the investments to safer options. I’ll allow myself a little fun money to play around with when I get a “hunch” about something, but at least half of it is going to wind up on VOO.
To indulge this, I opened an account with TD Ameritrade on June 23rd, 2021 and invested $25k. This was 5% of my total investment portfolio at that point. I used this account to do options trading, invest in leveraged ETFs, and generally day trade stocks I was interested in. I researched the investments and taught myself all types of options techniques.
As of today, the account is worth $23,876. The S&P is up 24.3% in the same timeframe, so if I invested the same $25k in VOO, it would be worth about $31k.
Anyway, I just thought others might be interested in my experience. I’m not saying I’m the most skilled investor - I’m certainly not. Still, I’m a reasonably intelligent and informed person, and I couldn’t really make this work.
I’m still keeping the account (now with Schwab) open, but I’m trying to move most of the investments to safer options. I’ll allow myself a little fun money to play around with when I get a “hunch” about something, but at least half of it is going to wind up on VOO.
Statistics: Posted by I-Know-Nothing — Sat May 25, 2024 10:35 am — Replies 18 — Views 1465