Quit job to invest PA
Advice for the forum here. Have been working in PE/MM HF over the past 10 years or so, recently turned 30 and have saved up ~$4mm through good bonuses + strong investing results. I am getting a bit burned out from the job (an unclear if there is a path to replace my current PM on my team) and figured that I can make high 6 figures to low 7 figures on my own investing (especially since we have a strict compliance that limits our holding periods)
Would it be crazy to leave and try to do my own thing (and all the freedom/travel that entails)? I figured it would be a chance to do something different before settling down with kids and the like and the opportunity may not come up in the future, but i also worry about the opportunity to get back in a similar seat in the future if investments don’t work out or I realize my standard of living is higher than my current spend
And what happens if you don't make high six figures or low seven figures? What if you're down for an extended period of time? How does your life change then?
How much of that $4mm came from your earnings and how much is attributable to your actual investing results? Are you confident you can replicate those results, watching the ticker every second?
"Past performance is no guarantee of future results..."
"prospect in HF" giving someone who has made 4 million in the business advice. classic.
Only doable if you have a side business that can generate steady cash flow as down side protection, but that can be said about just everyone.
Just turned 30 and have 4M. Wow impressive
Agree with dick. Use $500K to buy a stable cash flowing business that will continue to pay the bills even if the market goes haywire
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