Quote:
Originally Posted by IbnMardhiyah
salam bro
Actually I'm not working with any brokerages at the moment.
I still have an account at TradeFreedom but that was done only to facilitate FX trading via an experienced broker that I know of. His annualized net returns are 80% or higher, and that beats whatever stuff Wall Street can crow about most of the time, and he's a real tightwad, trades only at 1:2 or 1:3 ratios max - whereas I've heard of some [idiots] going as high as 1:400.
If I had the time, I might have done arbitrage and day-trading, but I don't have the time. Personally when I have enough money, I'll just go stick my money with a private hedge fund like Renaissance or somebody and pay them to manage it instead of doing it myself.
I really feel that trying to do it yourself on the side, while you're holding down a regular full time day job is nothing but speculation, and its too much of a risk, even if you're using purely 100% disposable income only.
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Yeah, I agree, it can be somewhat of a risk - I like investing in companies that I think are performing well, though. It's paid off in the past - I do tend to only invest in companies that I "know" about, and I utilize reports from a private analyst. Other than that, most of my stock is issued shares or ESPP.
I'm considering a Muslim fund right now as well, but I want to hold off on that for a bit.