| 10/3/2022 6:23:40 AM larry |
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| Congrats on reaching your first million. |
| 10/3/2022 6:45:35 AM 833fy |
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| Thanks Larry. I was so close before it's good to get there now. |
| 10/3/2022 5:10:01 PM labangel |
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| Congratulations! How do you make so much money? I guess 85K gains in retirement funds is reasonable but making 70K of cash in a month is a lot! |
| 10/3/2022 5:47:35 PM 833fy |
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| I work as a portfolio manager for a hedge fund. I am able to withdraw reinvested earned bonuses from the fund when I want. Part of my reinvested bonuses I put down in my 'retirement' pot. I have had a good few months in my portfolio at work, so wanted to take some money out as I was starting to have a lot of eggs in my employment basket. I'll reinvest it probably in something not closely tied to my day to day job. |
| 10/9/2022 3:22:42 PM sdmdwct |
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| Congrats on the portfolio! Is there a reason you are holding onto that $20k in student loans? |
| 10/9/2022 3:29:35 PM 833fy |
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| I'm from the UK originally but live in another country. In the UK student loans are financed by the government. My current interest rate is +2.75% up from 1.6% recently. So I pay off the minimum required for overseas people.
It does seem silly to have cash on hand and paying interest on a student loan. But I am going to move the free cash into other investments and things I just havent got around to it yet. And most things long-term EV would be higher than 2.75% |
| 11/1/2022 8:43:12 PM mbasherp |
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| I'm intrigued by your progress and career and purchased the Pedersen book on your profile recommendation... any further thoughts you'd like to share? |
| 11/2/2022 8:49:47 AM 833fy |
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| mbasherp, I work as a quant and moved more recently into running my own portfolio. So my total compensation is now mostly a percentage of my total book profit. For my personal investments, I run strategies similar but in different asset classes than my job. |
| 11/2/2022 8:53:01 AM 833fy |
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| mbasherp, if you want more book recommendations let me know what kind of area you are interested in. I don't really have much interest in the swashbuckling macro discretionary people so can't help there. But for anything systematic I can help with recommendations. |
| 11/2/2022 9:25:42 AM mbasherp |
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| I come from a total market, Bogle style investing philosophy... but I also recognize that it's not the only way to find success. Would just love to learn from quality sources about other approaches that work! |
| 11/2/2022 9:52:14 AM 833fy |
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| I agree with you that a total market approach has the highest chance of success. Let me make a curated list and get back to you. I have put together a goodreads book list of some of my favorite trading/investing books: https://www.goodreads.com/review/list/113031627?shelf=trading-investing
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| 11/2/2022 9:58:26 AM 833fy |
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| There's something the list for a lot of systematic styles along with some great story/narrative books. |
| 11/3/2022 1:07:06 PM mbasherp |
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| What a list! Thank you for your responses. Best wishes as you go forward! |
| 11/5/2022 4:40:10 PM licid9 |
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| Stumbled upon this conversation today. Thank you for taking the time to provide the reading list. <3 |
| 11/8/2022 3:10:57 PM labangel |
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| Same here, thank you! |