$12,000 and lower.
What is the average income of an independent trader? $1,800 and lower.
What is the average income of a full-time trader? $4,800 and lower.
What is the average income of a part-time trader? $10,000 and lower.
Do your numbers differ on hourly traders?
Yes, most of us are hourly traders. As in most careers, most people are trading from 9:00 – 11:00 AM each weekday or from 9:00 – 2:00 PM on weekdays.
Are there differences based on age?
Most young traders are either hourly or part-time. Young, professional traders can start out as hourly and work their way up to hourly, but older, established traders usually start at the lower level.
If you are a graduate degree, where do you see yourself in 5-10 years?
I see myself retiring from finance in five to 10 years. For example, I’m about 64 and my wife and oldest child are in their 50s and 60s!
How much debt do you carry?
I am carrying no debt.
What are you selling in your portfolio?
I’m buying stocks. As in my family, we are also all stock investors and all of us are getting a little bit of exposure. I have bought one mutual fund at $100 per month (as part of an overall purchase) and one mutual fund at $5 per month. I think that those are not huge outlays for me and I’m not expecting to get much money out of the mutual funds as my trading returns are extremely low.
I’m also selling ETF’s and stocks in the form of U.D.VX (UTI) and U.S.F. (U.S.) which have little upside potential but are still good, low cost, high dividend index products that have been very well managed in the last five years.
Have you held any real estate investments prior to entering finance?
I’ve owned real estate before – it’s a nice little place – but it hasn’t been worth my time.
If you had to pick a family name on this list what wouldn’t it be?
I guess it would be Jack, although he wouldn’t mind.
I would have to say Bill and Nancy who seem to have been in the market business longer, and have had more
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