1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

A Collosal dillema - many sleepless nights on this one

Gilly Aug 29, 2010

?

what do i do

  1. live the dream...but risk it going up the swannie

    10 vote(s)
    90.9%
  2. rejoin the rat race...

    1 vote(s)
    9.1%
  1. Gilly

    Gilly Member

    312
    1
    16
    so here is the thing...

    i was made redundant in may of this year, was in no rush to start a job so decided to have a dabble spreadbetting shares, as i have traded shares for a good few years.

    to cut a long story short over the last two months i have been trading full time and to be fair, making a fair old whack week in week out, that when taking a daily average of income x by 52 weeks a year...would be the equivelant of a chunky salary...

    problem is...its not guaranteed, and its not considered the "norm" to sit in your pants all day trading shares.

    the dilemma is i have been applying for jobs as it seemed lke the right thing to do (ie work a 9-5) and am due to start a new job tuesday. the money is good (albeit about a third of what i have been earning over the last two months trading) its guaranteed income, its the norm, its stability.

    so what the feck do i do...carry on trading, no commute, loads of time with the kids, chance of earning a stack..but the chance of it all going tits up

    or commute to birmingham day in day out for a long career, pension and decend ish salary...

    i am looking for rash opinions and thoughts :)
     
  2. voorhees

    voorhees Moderator Staff Member Moderator Black Edition Team Brill Red

    16,078
    1,910
    113
    live the dream and do the rat race if it goes pete tong,my choice is swung by the chance of spending more time with your children.
    Good Luck with whichever path you choose.
     
  3. Broken Byzan

    Broken Byzan Photographic Moderator Staff Member Moderator VCDS Map User quattro Audi A4

    13,223
    464
    83
    I am with Jase.

    Unless there is some way to comute with a reliable salary and trade for a few hours in the eve to allow you to have a decent Christmas/holiday fund as an added bonus !
     
  4. Lee_R

    Lee_R Active Member

    2,499
    12
    38
    Stay trading shares in your pants but do something useful with the extra money you earn (save/invest) then if it does go tits up you can at least live until you are forced back into the rate race!
     
  5. jojo

    jojo Looking for Boost! Staff Member Moderator Team Daytona quattro Audi S3 Audi A6 Audi Avant Owner Group

    28,767
    3,435
    113
    Live the dream.
     
  6. rasA4

    rasA4 Four Rings Mafia Specialist Team V6 Audi A4 saloon

    3,282
    116
    63
    take the job and do a bit of sharetrading in the back ground i used to do this a while back now though, and used to be a bit more long term things may have changed now.. you doing day trading atm?
     
  7. unkle

    unkle Beer God

    1,243
    0
    36
    Yeah I agree, I also dabble with shares have quite a large holding but mines based around the long term hopefully in about 4 years I should be set for life. I'd work and trade shares, you might not see the kids as much as you want but they will always have a roof over their heads and probably want for nothing....

    I live my life by two mottos, one of which is 'hope for the best, plan for the worst' sounds a bit gay but has done me alright over the years (doesnt help that Im a cynical pessimistic bastard tho) ... :)
     
  8. sportstractor

    sportstractor Chugger

    2,709
    34
    48
    Cant you do a bit of both? If not 'live the dream'. Plenty of other jobs out there
     
  9. Alibi

    Alibi Member

    32
    0
    6
    I work full time (I have my own firm) but also have built up a portfolio and am looking to being able to retire on it within the next 18 months if things continue in the way that is anticipated or my particular shares. I'd say spread betting is a bit risky as you could get caught out on margin if you go in too deep. Maybe a split between investing, trading and spreadbetting would be more sensible. And buy a shedload of Gulf Keystone Petroleum asap...
     
  10. recomdos

    recomdos Member

    999
    4
    18
    Any possibility of working part time with a company and then do the shares for the other half of the week? A bit of a happy medium so to speak? However I don't know what's involved with all this trading. It sounds interesting though. How can one get into it / find out some basics? :)
     
  11. Welly

    Welly VX220 SC Driver :)

    10,696
    126
    38
    A thought - You only live once.
     
  12. Gilly

    Gilly Member

    312
    1
    16
    Ha, with regards to GKP i have a **** load from 26p !! ( loving the fact the blown thru 130p today, you must be chuffed also !!)

    oh and by the way, i decided to can the job offer and am now a 100% full time bonafide trader

    happy days so far
     
  13. crazy88

    crazy88 Loving the anonymity

    4,923
    431
    83
    Good lad! Takes balls to do it, but i'm sure you'll reap the rewards! I have no idea about stuff like this, but hope to one day learn.
     
  14. NHN

    NHN Retrofitter - Audi - VW - Skoda - Seat Site Sponsor VCDS Map User

    29,272
    1,685
    113
    Cool, trade away imho, build up funds quicker that way.
     
  15. Turkster

    Turkster Bro.Paul 2.5TDI Quattro Sport

    2,796
    47
    48
    **** the rat race, live the dream! i do, its a great thing!
     
  16. mitch78

    mitch78 Active Member

    2,350
    4
    38
    Only you can make the choice. Whatever other people think is irrelevant, go with what feels right to you or you could regret it further down the line.

    Good luck whichever way you decide to go!
     
  17. unkle

    unkle Beer God

    1,243
    0
    36
    Theres nowt wrong with learning from other peoples experiences and mistakes especially when it comes to dealing with stocks and investments....
     
  18. mitch78

    mitch78 Active Member

    2,350
    4
    38
    I never said there was anything wrong with it, but there are a lot of people that do very well with stocks and a lot that do very badly. Nobody knows how well they'll do, that's the point. Only he knows whether it's a risk he wants to take; whether he'd regret doing it if it failed; or whether he'd regret not doing it if he took the job. No amount of people saying "I think you should/shouldn't do it" is going to change that.

    I was in a similar situation recently, got offered a very well paid senior management role in a software development company, not long after setting up my own company. I decided not to take it, as I'd always be wondering if I could have made it on my own rather than jumping in at a high level with someone else's company. Getting all the advice in the world wouldn't have changed the fact that I would always have been wondering about going it alone. If my company doesn't end up the size their's is, it won't kill me, neither will it kill me if it fails completely, at least I've tried.

    All I'm trying to say is that only he knows how he truly feels about the risk.
     
  19. Gilly

    Gilly Member

    312
    1
    16
    going well so far fella's...glad i decided to can the 9-5...risky business but no more so than setting up own business imo, unless you go at share dealing with no idea what your doing hoping for quick wins...quick road to the poor house

    I wouldnt say other peoples opinions are pointless tho...obviously i wasnt looking for someone to make the decision for me...just good sometimes to have views from people completely impartial with no emotive attachment, to help ones self bring out the pro's and cons :)
     

Share This Page