Skip to main content

Why I am a trader and investor and why you might wanna be one too

No, it's not because of the Ferrari
I am a coder by day and trader by night! Coding is my day job. I am fully aware that only having a job will not allow me to provide for my family and myself consistently in the long run. This is because most of the western societies are setup in a way to be more and more disadvantageous towards the working middle class. I do not need to be a billionaire to be happy, but our society is becoming more and more binary. It seems that one can either be rich or poor, in which case I opt to be rich, or at least hedge myself against being poor. Trading and investing are my hedge against this trend.

The super rich and us

Below are two videos from the BBC documentary "The Super Rich and Us". It clearly illustrates and explains the polarization of wealth distribution in our current society. Here is a catchy quote from the documentary:

There are the haves, the haves not and the haves yachts!
But actually we seem to be heading for a society where there are only haves not and haves yachts. At some point in video two the Black-Scholes formula is mentioned as a revolutionary model that promoted taking risks as it could accurately predict future risks. My personal opinion on the Black-Scholes model is that is does not predict risks correctly as it uses normal distributions to model risk and neglects the long tail of risks (and opportunity) as I see it in the real world. If you wanna know more about this subject, then I suggest you read any of Nassim Nicolas Taleb's books on randomness and the Black Swan event (see my booklist). It are actually the long tail events, the events that most likely cannot (ever) be accounted for in any risk model, that sting us. And when they sting, the huge risk turns into losses and is actually deflected on the poor / non-rich as they are simply unable to do anything about it or are simply unknowing. An example of this are the huge bail outs of banks in 2008 paid for with taxpayers money.

Please enjoy the videos and let them be an inspiration to actively manage your money and wealth, however small it might be right now. I believe you either grow it, or you will become enslaved to the 1%.

Video 1

Video 2

Done watching? Inspired? Wanna take action?

Get my e-book: Invest like a trader

Popular posts from this blog

Invest like a trader

Here is my book: "Invest like a trader". I finally decided to create this book based on my blog and experience investing, trading and coding. It is an introduction to my view on investing. For the next few days you can get a free copy on Amazon:

This book is for you if you are an investor looking to learn a more trading-like approach to investing. Buy and hold investing has become buy and pray investing, with countless sleepless nights. A more trading-like approach to investing puts you back into control of your investments and it can be a lot of fun. After reading this book you should be more able to build and grow your investment account consistently.

Link to the e-book:
Let me know what you think after reading the book. You can contact me via email or on social media. Even better, you can leave a review on Amazon.

Why I buy Gold and Silver

I own crypto currencies, because I have come to the conclusion that money as we know it today is no longer sustainable. I have come to this conclusion during the crisis of 2008. At that time I had the intuition / the gut feeling something was wrong not only with our financial system, but more specifically with our money. It took a few years of researching and investigating until I figured it out. The thing is, part of me did not want to believe it was true. And for a long time I did not act upon the intuition and knowledge I had. That changed last year when I decided to put my money where my mouth is and I started to accumulate crypto currencies. Cryptos align perfectly with my expertises: coding and trading. So I went for it... And with success.

Now I want to diversify my holdings more by adding Gold and Silver to it. I buy Gold and Silver as a hedge or insurance against the undwindled money printing of all of the governments / central banks of the world. Money, or actually, currenc…