curtisj76

Hi everyone, just joined today. My bio: 34, married with 3 children, ages 9, 6 and 2. Worked in the financial industry for around 7 years and then decided to go back to school. Double majored in finance and accounting. Got a job right away at a firm and have worked there for 1.5 years. Only problem is that my family would have to move and nobody wants to. Also, I'm a HUGE family guy that enjoys spending time with my children. Decided to try and trade for a living. If we be careful with expenses my wife can support us, we just won't be able to spend very much. The bright side, no more busy tax seasons and commutes!!! Be able to hug my kids before they leave for school and tell them hi when they get home. I've been investing since 1999 and my wife and I haven't missed a Roth payment ever. First mostly with mutual funds but now am all stocks. Have been doing really well the last few years. I'm only planning on investing stocks cuz that's all I know. I have a feeling many traders fail because they trade in an area that they really know nothing about. SCARY! My plan is to start up an LLC to trade in. That way I can eliminate the wash rule, etc. I want this up and going by January. I believe it will be a multi-member LLC as the single will be disregarded come tax time. Need to talk to a lawyer. Coming up with the capital is not a huge problem. My wife and I have worked hard and saved our whole marriage. I have around $200k if I really wanted it, however it's mostly all in Roth IRA's and in 1 Trad IRA. My Roth contributions have been about $80k so I'm gonna take out that. Minus the 10% penalty I'll net $72k. I'm also gonna take a loan from my insurance policy for $28k at 8%. This will give me $100k to start with. My goal (if possible) is to take all my profits and pay the loan back ASAP. Which I guess would be to earn 28% for the year 2012. Actually a little higher to pay Uncle Sam. I thought if I could average $150-200 a day this would be possible. Doesn't seem much with a $100k account but I know it's a lot harder than that. Plan on working roughly 230 days in 2012: 365 total days (104) 52 weekends (15) Holidays (16) Vacation/sick days 230 trading days My computer needs an upgrade or I guess used as a backup if I get a new one. I'd like to build one myself as I don't think it would be hard to figure out. Also would like around 3-4 monitors as working with only 1 is a pain. I'm not excited about dropping a couple grand on pc stuff but I guess it's a needed tool in my toolbox. I currently have DSL but have recently given the thought of switching to cable. Furthermore, maybe having both is the best option but dang that seems expensive. ANYWAYS, I'll write some more later as the chances of someone reading this novel diminishes with each additional sentence. Thanks for reading and PLEASE, any advice/comments are welcomed. Curtis