Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Dinerotrader

When I Am Become Rich I'll....

Recommended Posts

Ok. Now for the most materialistic, daydreaming thread of all.

 

What will you do when you become rich from trading? I’m not interested in general/vague answers or cliché stuff like “buy a big house.” If you have a specific house already picked out with pictures, post away. I’d be interested in what kinds of interests others have which are only afforded to those with more money than average. It doesn't necessarily have to cost millions. Car posts should go in my other thread, "Cars".

 

Here’s a good example to start things off. I’d love to take my family on a world cruise. I'd like for my kids to see the realities of different parts of the world before they become defiant teenagers.

 

attachment.php?attachmentid=19532&stc=1&d=1266965129

 

Some kind of picture is a requirement for posting here. It just makes the thread more enjoyable.

5aa70fd8bd741_2-23-201005.png.49149ecd93c2254ba9280b8943b86b49.png

Share this post


Link to post
Share on other sites

 

Here’s a good example to start things off. I’d love to take my family on a world cruise. I'd like for my kids to see the realities of different parts of the world before they become defiant teenagers.

 

Just take them for a short drive south. The poverty in Mexico is a real eye-opener for us spoiled Americans. My first trip there literally changed my worldview 180 degrees. My perspective of my own life changed radically as I realized just how blessed I am. I immediately realized that I already am very wealthy.

A short drive up to the Navajo reservation should provide a wake-up call as well.

 

There are many non-profits out there that I already support and wish I could give much more to. There's no end to worthy causes out there that could do so much more except for the lack of funds.

If I had lots more money than I already do, I would love to travel the world. There are so many wonders out there, I don't think I could ever tire of seeing it all.

I would also love to get a degree for the pure joy of it, instead of the need for career advancement.

Share this post


Link to post
Share on other sites
I would also love to get a degree for the pure joy of it, instead of the need for career advancement.

 

I can relate...although, since I just graduated less than a year ago, I would wait a little while. ;)

 

I know for me, I was pretty narrowly focused on GPA and which courses/program prepared me the best and looked the best for potential employers (this was before I decided to trade full-time).

 

However, that's not to say I didn't enjoy college or many of the courses I took, because I certainly did...I even miss it.

Share this post


Link to post
Share on other sites
Just take them for a short drive south. The poverty in Mexico is a real eye-opener for us spoiled Americans. My first trip there literally changed my worldview 180 degrees. My perspective of my own life changed radically as I realized just how blessed I am. I immediately realized that I already am very wealthy.

A short drive up to the Navajo reservation should provide a wake-up call as well.

 

Seeing poverty/less fortunate is different than interacting and helping. I spent a lot of time working with blind children and orphanages in Hungary when I lived there and it added another layer of perspective above observation. Just traveling around and seeing the world is only half the plan. Digging some wells in Africa and such is the other half. Good points though.

 

The idea of going back to school to learn for enjoyment instead of grades does sound fun. It seems like most the finish school come away knowing they love to learn but hate dealing with tests and forced homework. Self inflicted homework is just enjoyable practice.

Share this post


Link to post
Share on other sites

When i become rich, I will help those people who are less fortunate.

I will help first the street children, also, the old people in the home for the aged. Because, not all people are given the chance to have what they want in life. So, I want them to experience that someone still carers for them. The street children, are not lucky for they only live in the streets, and they strive for living. The people in the home for the aged, aren't also lucky, because they were forbidden by their own family.

Share this post


Link to post
Share on other sites

Work on personal art, enjoy my family, and assist the Gates Foundation which I believe has a good grasp of the things which are critical to humanities improvement and are given less attention than deserved.

Share this post


Link to post
Share on other sites

True wealth is about having lots of time of your own, and time is precious, but I'll not rush.

And I'll try not to be selfish with my time, and help others as much as I can.

 

I'd like to change the world but I don't know what to do.

Share this post


Link to post
Share on other sites

Negotiator - after recently moving from London I know you guys are not familiar with these things you dream of as a 'batcave' in Australia they are called a garage.

In the land of OZ many claim you should have a garage on the house that has more car spaces than bedrooms in the house. (and then we wonder why we have a housing boom and have issues with public transport when every house lives too far from everything :).

Sad to say, that places like Australia has become....dare I say it...as expensive as London, so you will need to be rich to move here :(

Share this post


Link to post
Share on other sites

I'll offer Hugh Hefner to buy his Playboy empire.......OK ok just kidding!!!

- I'll help my less fortunate relatives and support some charities.

- Spend ew months every year holidaying in some exotic cites / places on earth.

Share this post


Link to post
Share on other sites

I'm currently thinking another aspect: To whom am I needed so much that no one else on the planet can replace me?

 

A natural answer will be my parents and my children, but there should be some other answers.

Share this post


Link to post
Share on other sites

GlassOnion,

 

I have a weathly father-in-law (and no he doesn't share the family trust fund). He often solves his problems by throwing money at it as does his older trust fund 'baby" brother. The end result = doesn't know much about anything. Anyway, that is my slighted view of my in-law.

 

Anyway, I'm planning on having enough reserves to bounce back from future drawbacks that could possibly occur.

I'd like to join a non-faith based medical mission team or even partner up with some organizers. I just want to partake in the adventure and to be a part of something that can continue to produce well intended effects without my direct intervention.

 

Currently, my wife and I are in planning process for our custom home to be built by next year. 3000-3500 sq ft @ approx $130 sq foot w/ plans for a detached guest efficiency/2 car garage and a pool w/ outdoor fireplace.

 

 

Ahhh . . . <sigh>

 

When I become Rich, I'll have to throw more money at my problems to make them go away.

 

A very high % of people who hit the lottery are broke.

 

8 lottery winners who lost their millions - MSN Money

Edited by rock

Share this post


Link to post
Share on other sites

Start other businesses, and put people to work. I have an idea about how to use the ocean's tides for power generation. There are already tidal power plants, but my idea is different than what I've seen out there. I also have an idea for a new kind of framing for homes. Then I'd write novels as a non-profit venture. I would not try to sell them in bookstores. They would be free, and distributed by word of mouth, and person to person. I'd probably take donations to cover printing costs, and/or distribute them electronically. And if people liked them, hopefully volunteers would translate them into other languages.

Share this post


Link to post
Share on other sites

MightyMouse, I agree for the most part. I can be a smart ass about it to prove otherwise. :rofl:

 

I don't help people due to a bleeding heart. I do it for the adventure. On the other hand, my wife does it for both reasons.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • INO Inovio Pharmaceuticals stock, holding strong, watch for a bottom breakout above 2.36 at https://stockconsultant.com/?INO
    • Date: 21st February 2025.   European PMI Disappoint, Weighing on Euro Before German Elections   The Euro is the first currency to witness the volatility on this month’s PMI reports. The French, German and British PMI data have resulted in the Euro being the worst-performing currency of the European Session so far. However, will the Euro continue to decline throughout the day? European Purchasing Managers’ Indexes The French Purchasing Managers Index was the first European index to be made public. The release resulted in the Euro instantly declining 0.24%. The main concern from the French data was the Services PMI which fell from 48.2 to 44.5. Previously the market was expecting the data to remain more or less unchanged. The weak data triggered the decline which came to a halt after Germany’s PMI was released.     The German Manufacturing PMI read 0.5 points higher than previous expectations and the Services PMI was 0.2 points lower. The data from Germany was a relief for Euro investors and the price rose 0.12% higher. However, traders should note that the price of the EURUSD continues to remain 0.20% lower than yesterday’s close. The price of the EURUSD will now depend on the PMI data from the US. The value of the US Dollar will depend on its PMI release this afternoon and the Consumer Sentiment Index. Analysts expect both the US Services and Manufacturing PMI data to remain above the 50.00 level in the expansion zone. German Elections 2 Days Away Germany is set to hold a general election this Sunday, February 23rd, following the collapse of the coalition of social democrats, liberals, and greens. Given the country's highly proportional electoral system, German polls provide a strong indication of potential government formations post-election. The main concern for Germany is the AFD party who are Far-Right Nationalists. Currently, ahead in the polls are CDU (centre-right), and AFD (far right), followed by the SPD (centre-left). Traders should note that the results of the elections are likely to trigger strong volatility on Monday, but also influence volatility today. Economists may become further concerned if the far-right gains power for the first time due to uncertainty. If the government, similar to France, is unable to form a coalition, this would also be a concern for the Eurozone. Furthermore, the Euro this week is also under pressure from comments from members of the European Central Bank. ECB Governing Council member Fabio Panetta said to journalists that officials need not slow interest rate cuts, as January's 2.5% inflation is still expected to reach the 2.0% target this year. He also advised the European economy is weaker than previously expected. EURUSD - Technical Analysis and Indicators The EURUSD is trading above the 75-bar Exponential Moving Average and 100-bar Simple Moving Average on the 2-hour chart. However, the price is moving away from the key resistance level at 1.05058 indicating the price is losing momentum. The short-term volatility is indicating the price is retracing downwards. On the 5-minute timeframe, the price is trading below the 200-bar SMA and is also forming clear lower lows and highs. Simultaneously, the US Dollar Index is trading above the 200-bar SMA on the 5-minute chart confirming no current conflicts. Currently, the US Dollar is the best-performing currency of the day attempting to regain losses from the past 2 weeks. Watch today’s Live Analysis Session for more signals as they develop!   Key Takeaway Points: Weak French Services PMI triggered an initial Euro decline, but German PMI provide a slight relief. However, EURUSD remains lower than yesterday’s close. The Euro’s direction now depends on the US PMI reports, with analysts expecting US data to stay in expansion territory. Sunday's German election could drive volatility, especially if the far-right AFD gains power or if coalition formation proves difficult. ECB official Fabio Panetta suggested no need to slow rate cuts, citing weaker-than-expected economic performance and expected inflation decline. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • BE Bloom Energy stock, watch for a range breakout, target 34 area at https://stockconsultant.com/?BE
    • APLD Applied Digital stock. nice rally, watch for a top of range breakout at https://stockconsultant.com/?APLD
    • UAL United Airlines stock, watch for a narrow range breakout, target 122 area at https://stockconsultant.com/?UAL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.