toast2success
07-12-2011, 03:11 PM
Phew , I've put the brain in 'fry-mode' and been grabbing as much literature as possible and trying to absorb it all. :confused:It has lead me to more questions.
My first question is around what kind of trader/investor one is and what traits should be associated with such.
So, having delved further into things over the weekend I realised I'd definitely like to be creating the ol 'nest egg', but then I thought going balls to the wall may suit me even better (I have bugger all so figure I have bugger all to lose by going for it)
Is it possible to be a nest egg builder and an aggressive investor/trader at the same time ? I'm guessing you develop yourself 2 portfolios ? and also what kind of split do people employ when trying to do this ? 20/80? 10/90? 30/70 (maybe too conservative ?) and start to shift the numbers around as the hair gets greyer
I recall another thread where a young guy was wanting to get self sufficient quite quickly (5-6 years ?).While I'd like to work to a similar timeframe I realise it may be too ambitious for a buckwheater like me. 10 years, that would be a great goal to achieve in my eyes.
While I realise there is no definitive answer or shortcut to the questions, any insight and advice will be appreciated and taken on board.
TIA
My first question is around what kind of trader/investor one is and what traits should be associated with such.
So, having delved further into things over the weekend I realised I'd definitely like to be creating the ol 'nest egg', but then I thought going balls to the wall may suit me even better (I have bugger all so figure I have bugger all to lose by going for it)
Is it possible to be a nest egg builder and an aggressive investor/trader at the same time ? I'm guessing you develop yourself 2 portfolios ? and also what kind of split do people employ when trying to do this ? 20/80? 10/90? 30/70 (maybe too conservative ?) and start to shift the numbers around as the hair gets greyer
I recall another thread where a young guy was wanting to get self sufficient quite quickly (5-6 years ?).While I'd like to work to a similar timeframe I realise it may be too ambitious for a buckwheater like me. 10 years, that would be a great goal to achieve in my eyes.
While I realise there is no definitive answer or shortcut to the questions, any insight and advice will be appreciated and taken on board.
TIA