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#like on a straight financial level my job costs more than it’s worth
timemachineyeah · 3 months
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the fact that I cannot simply quit my job. there’s plenty of food and space and skilled people in the world. things could function so much better with a tenth the labor if we were efficient about it. but we aren’t. and under capitalism I love my job - I am incredibly lucky to have it and even find it fulfilling in its way. but also I am disabled and my life would be 1000% easier if I just didn’t have to find miracle jobs to make what still comes to below poverty wages given how few hours I can manage. but even though the amount of money I make is play money to other people, it’s the only thing giving me dignity, both the dignity of privacy in spending and the false dignity of being a “productive member of society”. plus, like, I gotta eat and feed my cats, even if I’m currently rent free. but sometimes I think about the ways money and my job (and their relationship with my health) play as such large factors in my decision making and I just think, ideally, those would have less weight. ideally I could just quit my job and somehow still have money. not because I don’t love the work, but because of the limitations having to maintain both a work schedule and my fatigue put on me.
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popwasabi · 3 years
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“The Other Guys” wants cops to go after the real criminals
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Before director/writer Adam McKay pivoted into populist screed’s against capitalism and political corruption in films like “Vice” and “The Big Short” he was largely known as one of the many “dumb comedy” directors working in Hollywood.
In fact, with major productions such as “Anchorman,” “Talladega Nights,” and “Step Brothers” he could almost be billed as THE dumb comedy director or certainly THE Will Ferrell director at least.
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(To a certain extent, THE John C. Reilly director too.)
Those movies are certainly divisive amongst some filmgoers, as you either fall into the “turn your brain off and laugh” category or the “this is pure nonsense” crowd. I’m somewhat in the middle on all of it but one McKay/Ferrell vehicle provided a bridge between the “dumb comedy” years and his more serious satires of American politics and that movie was 2010’s “The Other Guys.”
Billed as just another parody of buddy cop flicks, “The Other Guys” is a comedy that still holds up pretty well by today’s standards. Mark Wahlberg in many ways plays an unhinged caricature of every tough guy persona he has ever played in detective Hoitz and perhaps more brilliantly Ferrell, as detective Gamble, is allowed to be the straight man of the duo for change, finding humor in a more subdued performance. Together they form a kinetic duo that play hilariously well off each other in a film that is rarely dull from start to finish.
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(Flawless logic here in the famous Tuna vs Lion debate)
“The Other Guys” takes some decent shots at the violent nature of cop culture from excessive police overreach in the film’s hilarious opening scene to cops’ shoot first ask questions later approach with detective Hoitz backstory involving shooting Dereck Jeter during game 7 of the World Series. In between more typical Ferrell comedy flare involving hot wives and ex-wives, hobo sexy orgies, and TLC references there’s a lot of pointed, tongue-in-cheek humor at the police that one can find great humor in.
It’s a descent satire of the cop movie and the culture around law enforcement on this alone but McKay’s real target isn’t the police so much as it is who the police aren’t going after.
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(For the record, peacocks and cops, for that matter, don’t fly.)
2008 probably feels like eons ago to many of you at this point but it was the year I personally came of age. I had graduated high school, The Lakers were good again, “The Dark Knight” and “Iron Man” had just come out, I had hopes and dreams as I entered college at San Jose State and oh…the Great Recession had just started!
I’m not going to go into extreme detail here but our economy had it’s worse collapse since the Great Depression caused by the subprime mortgage crisis due to vast widespread failures in financial regulation, breakdowns in corporate governance, vast trading and over borrowing, housing bubbles bursting, and heads of businesses just vastly ill-equipped to handle their hubris in that moment.
Major businesses and banks were on the verge of collapsing and then at the last minute the US government passed a $700 billion, with a capital B, bailout to put them all back in the green.
Corporations like Bank of America, Citi Group, Morgan Stanley etc received between $10-$25 billion each for their struggles and were able to stay alive in the country’s ever worsening state. This was great, except 2.6 million average working-class people lost their jobs during this period, including my father.
By the way, a guy like Joseph Casano, an executive at AIG, got a $34 million bonus for helping lead companies such as his into the recession.
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This is McKay’s real target in “The Other Guys.” The satirical cop humor is largely window dressing to draw audiences in to the theaters so that he can show all of them who the real criminals of this country are.
As the plot of the story starts to kick into full gear the more obvious culprits of a typical Hollywood cop movie are dismissed. Though Hoitz is convinced it’s more the usual cop movie style villains of “sex and drug traffickers” at first, Gamble slowly pieces together a plot of dastardly insider trading. What it ends up being is that the bad guy is really just a doofus hedge fund manager named David Ershon played comically by Steve Coogan who made one too many bad investments to bad people.
Ershon has put his people and the people he owes money to deeper into the red, not at all unlike the wealthy CEOs and bankers who messed up the country during the 2008 recession, and it has led him to take desperate action to get everyone’s money back. Ershon, of course, tries to get Hoitz and Gamble off his tale by bribing them in a variety of hilarious ways (one of the funnier sequences of the film) but eventually gets caught up with the SEC and those who prosecute white collar crime (who are unsurprisingly also in bed with the people he owes money to).
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(Somehow, I don’t think this is far off from reality...)
Hoitz and Gamble continue on the case but find that taking on white collar crime is…complicated to say the least but most importantly ineffectual as detailed in this scene.
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(Again, probably not far off from reality...)
The 2008 recession, wiped out millions of jobs, with rural parts of the country getting hit the hardest and in many ways still feeling the effects today. If you were a POC you were even more unlikely to not recover from the crash. Property values plummeted, student high education success rates dropped, opiod overdoses from “unemployment deaths” and many more awful things happened during this period of great economic distress.
And what happened to the folks largely responsible for causing this mess? They got a fat fucking payday and a dismissive finger wag largely by our own government.
“The Other Guys,” more or less, ends the same way. Despite putting away Ershon, the company he was swindling, who gambled their people’s money, was still bailed out by the US government. A real “happy ending” that is played as a dark, matter of fact, joke before the credits roll.
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(Again, we laugh but how far off from reality is this really?...)
I graduated from college in 2013, tens of thousands in debt from student loans and trying to navigate a largely bereft job market where wages had largely not changed in as many years. In 2008 average rent cost about $850 a month, by 2013 it was $953, today in 2020 it’s $1,097. The average entry level salary (for a clerical/ office professional) between 2008 and 2018 went from $46,886 to $45,882 showing a decrease in value.
In 2008 the richest man in the world, Warren Buffet, was worth $64 billion. The richest man in 2020, Jeff Bezos, is worth $200 billion.
If the fact that Jeff Bezos is worth more than some countries on this planet doesn’t make you infuriated alone I don’t know what will.
Btw Buffet’s net worth increased as well to $79 billion himself, in case you think it’s “unfair” to compare him to Bezos.
Sometimes I think the reason people aren’t angrier about this worldwide is 1) a bunch of us think we are all one hard working day away from being filthy fucking rich ourselves, one of the many great lies of capitalism and 2) many of us don’t actually know just how big a BILLION dollars is, so here let me help you all out:
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With COVID in 2020 we’re seeing it all happen again, just as it did in 2008. Record unemployment rates, small businesses closing, evictions skyrocketing because no one can pay rent and all we got for it was a $1,200 band-aid (assuming you did get yours). Meanwhile billionaire slugs like Bezos and Elon Musk saw their net worth rise sharply during this period, hell even the fucking Lakers got a $4.6 million dollar “small business” loan (though they did return it…only after getting caught…).
The highest sum of cash ever stolen from a bank was $18.1 million (equivalent to roughly $30.1 million now) in 1997. These are the people cops and other “loose cannons” in popular actions movies are usually running up against. If you think stealing $30.1 million is a lot of money worth sending the cops over then $700 billion of our own tax dollars given to people who ruined the lives of millions of Americans should make you fucking furious. The only real difference here is one was made legal by our own elected government.
Adam McKay’s “The Other Guys” may be on its surface just another “dumb comedy” that mostly satirizes cops, but its villains are very real and unfortunately as American as apple pie. Under capitalism our labor only continues to get devalued every year (even the skilled positions), while the richest 1% of the human race only get fatter with their wealth. Things are only getting more expensive and the working man is getting priced out of more and more daily luxuries and even essentials. This way of life is not sustainable, especially for our environment which these dragons continue to plunder, and eventually we will need to actually hold our overlords accountable for letting it get this far.
If we don’t, they will continue to steal every penny in our pocket and bleed us dry until the next disposable drone can fill our place. If law enforcement won’t take this on, sooner or later we might have to…
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Remember, pimps don’t cry...
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ibrahimkhalilof · 4 years
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This is How I Made $40k In Passive Income By Age 26
I’m talking here about real passive income, not the kind where you spend years writing a book. There’s one caveat though and you need money to make money.
I started investing part of my income every month at age 23. Three years later, I had made $40k in profit tax-free and could put down a deposit on my first house. All with less than an hour of effort per year. $13k per hour of work doesn’t sound bad, does it?
It’s not sexy but I relied on getting a professional job and investing my excess income. Many in my position don’t do this and sacrifice future financial freedom. You can take the profits to start up your own business with less reliance on outside help. Self-funding the initial stages gives you more credibility when asking others for more money.
My Economics bachelors and central bank experience made me confident to invest responsibly. Yet the steps I took weren’t complex and here I break down what I did.
NOTE: Lucky factors went my way with exchange rates, freak performance, and government bonus schemes amongst others. Do not read this and think similar performance can be produced reliably in the future. This is a high-level overview and I do not go into blow-by-blow detail.
Surrendered my arrogance
One of the biggest mistakes I see is people thinking they are exceptional. Investment funds have whole teams of hyperqualified people and complex algorithms. Yet 85.1% of active funds have failed to beat the S&P 500 in the last 10 years. How can you honestly believe you can win?
I bought index and active funds from the major economies rather than individual stocks. This takes the decision making out of my hands. As I’m from the UK, I invested through an ISA (the equivalent of a superpowered Roth IRA) to earn tax-free.
I spread myself out geographically with stocks in the USA, UK, mainland Europe, and Asia. My risk was dramatically reduced as I owned shares in thousands of companies. By using index funds, my fees were far lower than buying individual stocks. When I wanted exposure and index funds were unavailable, I found funds by managers with long histories.
Invested first and spent afterward
Every month, the same amount left my account automatically. I never considered this as spending money so it never factored into my buying decisions. I could start the account with significant savings from 1.5 years of working that were sitting in a low-interest current account.
There are all kinds of apps to encourage people to invest their savings. One of the tricks I dislike is rounding up purchases to send to the pot. You buy a cookie for 20 cents and 80 cents goes straight into your fund. This takes control away from you and leaves your input reliant on chance events. The return is already based on chance so why make it even more uncertain!
Some portray compounding as a type of sorcery. Yet 7% return per year for ten years on ten dollars is $9.67 profit. On a thousand dollars it is $967. Don’t make the excuse of something is better than nothing when you can put away more. It takes time to build a portfolio to the point where it can make a difference in your life. I had a massive advantage by living with my parents.
If you truly want passive income, you need to examine your spending habits too and decide if anything is a luxury you are happy to be without.
Never invested if I couldn’t afford to lose 50%
I could invest more than I did but I always kept some in reserve. If anything happened to me, I could cope with losing half the value of my investments. The amount you’re willing to risk can change over time and change your plans in line with this.
The worst crashes in the S&P history have taken the value to around half but they have always bounced back. We still didn’t fall below this even when news of the pandemic hit or when the financial crisis of 2008 struck. You can be confident a developed country’s stock market won’t completely self-destruct. Only a massive event could do this and then you’d have bigger problems!
Individual stocks can go to zero but it is harder for a fund to do so. You must feel comfortable with the unlikely worst-case scenario for peace of mind. There’s always a chance of great losses and you can’t blame anyone else if you lose more than you can handle. It is possible to lose everything!
Examined my opportunity costs
Let’s not pretend it isn’t a privilege to invest. Not only must you cover your expenses but also your debts. I was fortunate to have student loan debt with an interest of less than 2%. As long as I believed I could beat this rate, it made sense to invest extra money rather than paying off debts early.
Yet I know others are not as lucky. The average stock market return in the long-run has been 7% for the S&P. If the interest on your debt is higher than this, pay it off first! You have to decide your willingness to take the risk if your interest is less than this. I cannot tell you how much. I took a risk by investing in emerging economies and those paid off.
For entrepreneurs, when starting a business you should believe you can beat this rate in the long run. At the time, I didn’t have a business idea I thought would be a better path. You should be confident in forecasting significantly more than this to make the extra effort worth it.
Allowed the money to do its thing
There’s a secret of investing many people seem to forget. Looking at the numbers doesn’t magically make them increase. Interfering too much will backfire.
I thought about taking my money out several times when it looked like the peak. I thought about adding more whenever it looked like the bottom. Every time I was wrong. I would have lost wealth if I had acted. Trying to perfectly time the market will leave you anxious and constantly checking the news. Not to mention the lost income by needing to pay fees for every trade.
What you need to take with you
Investing in the way I did gave me much greater financial freedom. I did it while working a 9–5 and fresh out of university. The hardest part is working to get the money to invest but once you have this, it’s about making the strategy as easy as possible. These are the steps I took and can help you too.
1. Surrendered my arrogance — I bought funds, not individual stocks.
2. Invested first then spent afterward — I could only spend what I hadn’t invested.
3. Never invested if I couldn’t afford to lose 50% — I didn’t put my security at risk.
4. Examined my opportunity costs — I was sure it was the best use of my money.
5. Allowed the money to do its thing — I didn’t obsessively check on it.
Thank you for reading and have a wonderful day! Remember this is my story and you must examine the risks for yourself. I have intentionally not given the exact funds because they may not perform the same in the future.
Any actions taken are completely at your own risk, this should not be considered financial or legal advice. I am not a financial advisor. Please consult a financial professional before making major financial decisions.
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plantangora3-blog · 4 years
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Why Life Coaching Is A Ponzi Scheme.
Life Coaching - What You Need To Know About The Job.
Content
What Does A Business Coach Do?
Trains Help Establish Objectives And Also Hold Magnate Answerable.
Further Continuing Reading Self Confidence Building.
Last Thoughts On Being A Certain Female.
Vinyasa + Weight Training: Tips From New York Giants' Coach Gwen Lawrence.
A lot of occupation coaches don't hold a specific job mentoring accreditation. Instead, the majority of have actually ended up being specialists in their field as well as decided to market their skills to assist the future generation go into careers they're passionate regarding. Similar to the charges numerous professionals charge, the cost of hiring a career coach varies relying on the coach's experience as well as credentials, field of specialty, success price, and also the place of their practice. A profession coach that has published a publication on their subject of proficiency or is well known and respected in their field will certainly have the ability to charge more than a coach who is ruled out a professional.
What Does A Business Coach Do?
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Trains Aid Establish Objectives And Also Hold Business Leaders Liable.
No person offers a shit about your training certification.Turns out, your potential clients do not care whether you are certified or not. I have actually never when been asked by a non-coach whether I have a certification. Your sales and also advertising and marketing need to be focused on their problems, disappointments as well as wishes.
Further Reading On Self Confidence Structure.
Why do entrepreneurs need coaching?
Most of the successful small business owners we interviewed said they used coaches and unpaid mentors to improve their management and leadership skills, help them set and achieve goals and work through difficult business problems and decisions.
For CEOs, creators, and executives, it obtains lonesome on top. Without an advisor and also accountability partner, several magnate discover themselves striking the ceiling of what they can achieve. Leaders help develop groups, as well as organization trainers help establish leaders. When I say "business coach," you may instantly envision tacky motivational audio speakers, a cold resort meeting room, and similarly disappointing coffee. Yet organization mentoring can be the single greatest financial investment you make in your profession or service.
Does coaching really work?
(2014) found that executive coaching had moderate and positive impacts on individual-level performance and skills, well-being, coping, work attitudes and goal-directed self-regulation. They concluded that coaching is an effective intervention in organisations.
It included 1202 senior managers examined over two consecutive years. The certain areas of renovation were goal-setting, soliciting concepts for renovation, and rankings from straight records and also superiors. Nevertheless, it is additionally crucial as well as essential for the method to develop a much better understanding of overall training results based on real scientific evidence as opposed to assumptions. If this is overlooked, after that the profession is vulnerable to criticism, and also open up to threats such as misjudging the scenario, exacerbating the status quo, or abusing the coach's power. Third, the mentoring profession around the world is becoming more specialist, mature and managed.
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With unreasonable focus, they follow a single advertising strategy that gets to those clients. An excellent coach needs to think enough in their clients to take dangers on their behalf. The most effective coaches actually follow through with steps that aid their customers and also this makes them differ from trains that just offer recommendations. Eventually, you'll specify intend to work with individuals for a longer period of time (3-12 months) so that they really reach experience long-term change. If you want to find out just how to load your schedule with possible clients, read this short article.
Anthony John Amyx is a growth planner that urges individuals to accept all elements of their lives. He specializes in collaborating with creative business owners, aiding them to focus their abilities, increase their direct exposure as well as create earnings. On Twitter he shares the wisdom he has gotten for many years with more than 25,100 followers. The highest-paid trains aren't constantly one of the most technically competent.
How much is an executive coach?
Coaches charge between $200 and $3,000 an hour, with an average rate of $350 an hour. Even though coaching can be a costly investment, Esposito argues that it is a good value compared to other leadership development options.
Do not obtain me incorrect; you have to obtain your clients terrific outcomes, but that's only part of the formula. My customers' results range from a 19-year-old that marketed $39,000 of personal training in 2 days to an on the internet coach earning over $137,000 per month.
If you're simply beginning, a business coach will certainly aid you believe like an appropriate local business owner. If you're dealing with everyday unpredictability and also maintain second-guessing your decisions, after that you probably need mentoring. As a matter of fact, you may very well have actually located this message by typing something like 'how to get life coaching clients' into Google because it places so very for that search string.
How do I find a business coach or mentor?
13 key tips from entrepreneurs 1. Ask yourself—do you need a coach or a mentor? 2. Get to know them first. 3. Never start with the word “mentor” 4. Determine if you and your mentor have a good fit. 5. Pick someone who does not have strong “ties” to your business. 6. Express genuine interest. 7. Make yourself worth mentoring. More items
Phil Black has committed his life to helping top-level entrepreneur conquer their largest mental blocks and also unlock their complete capacity. Since starting his very first company at 18, Phil has actually directed magnate of all kinds to greater efficiency degrees.
Sheri Kaye Hoff is a business coach, speaker, author and also podcaster. She's very energetic on social media sites, with over 32,600 Twitter followers and also one more 1,300 on Instagram.
Last Ideas On Being A Positive Lady.
Trying to find methods to enhance your company in the coming year? Our approach to mentoring is based on your individual abilities, bringing together your goals with those of your organisation, to create sustainable modification. When you have an expert coach that will challenge your service acumen, you'll discover which choices might be careless, and also which are founded on proof based decision making. This is not to suggest that service coaches can see right into the future, however they will certainly have the ability to determine whether you have evaluated a potentially dangerous step from all angles and also can after that take a timely decision.
The 2012 International Mentoring Federation Global Mentoring Research reported the variety of professional instructors was estimated to be 47,500 around the world and it is continuing to expand. Mentoring is additionally coming to be more common in organisations. In the exact same year, the Harvard Service Evaluation reported that organization training-- including mentoring-- was a $1 billion industry in the United States and also a $2 billion sector worldwide (Sherman & Freas, 2004).
Vinyasa + Weight Training: Tips From New York City Giants' Coach Gwen Lawrence.
He has educated greater than 4,000 people and also Ton of money 1000 administration teams in leadership and also calculated training. His customer roster includes Intel, Sprint, Qualcomm, AT&T, Dow Jones, Funding One, Wells Fargo, Cushman Real Estate, and Arbonne International. He brings comprehensive calculated and management experience to aid our customers in creating development in State of mind, Sales, Marketing as well as Management.
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After constructing the mentoring part of my service to over seven figures in earnings with 1,000 clients and 12 employee, I have actually learned exactly what to do-- as well as most importantly, what not to do. First, draw up a clear framework, organization strategy, standards, as well as customer assumptions. They set a vision and also take strategic action to make it become a reality. They picture their perfect business and also work in reverse to make it a truth. They recognize specifically that they offer, just how they offer them, and why.
Occupation instructors that remain in high demand or operate in aggressive areas might also charge more. To determine if a business coach is really a coach-consultant, consider the solutions they use as well as the experience they share on their website.
Ipec Training.
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Barry Moltz is a small business expert with decades of entrepreneurial experience. He isn't scared to embrace his errors, openly admitting he has actually established and also run local business with successes as well as failures over greater than two decades. He recognizes going out of business showed him the abilities he required to aid other individuals attain their capacity. So many people pursue their organization goals at the expense of their individual lives and also well-being.
Life coaching sessions are most frequently conducted face to face, nonetheless it has actually been understood for them to happen over the phone or perhaps via video chat services such as Skype.
Discover just how to establish yourself efficient individual goals as well as find the motivation you need to achieve them.
Life coaching has aided people in their specialist lives for a lengthy while, going back to the 1980's.
This is the significance of individual development, a set of abilities developed to help you reach your full possibility, at the office, in study and also in your individual life.
For help in finding a qualified life coach, try seeking advice from an organization such as the International Coach Federation.
Their self-worth is reduced or the challenge encountering them too expensive.
Talk much less regarding on your own as well as extra concerning the results you get for other people. That's since you spent the last twelve month in mentoring college. A lot of brand-new trains presume you need to complete a coaching certification program in order to build a successful training company. They figure it's the beginning point to coming to be an effective coach.
It is among the most effective small business devices you can choose. Call a couple of on this checklist and hang out determining which one is the ideal fit for you. This could take some self-control, however if you're starting a company it can be the difference in between success as well as failing.
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The most effective means to end up being a qualified profession coach is to begin with a prospering profession in a competitive sector. Success in your selected area will certainly assist you as a job coach, since you will certainly have the devices work applicants require to achieve success themselves. Several profession trainers just do training on the side of their effective job. However, if you prepare to retire, coming to be a career coach might be an excellent second profession course, specifically if you delight in helping others.
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gettothestabbing · 4 years
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Personal: Life comes at ya fast
So I’ve been intermittently training and working as a Christian Science Nurse at a CSN facility here in New Jersey for two years plus now. I love the job, my employer is VERY good to me, and I’ve made connections and friends and learned a lot. But I was always here temporarily. Rent here is awful, and I haven’t had the money to invest in a mortgage until very recently, so I’ve been stuck in the same three rooms. Glad I didn’t have roommates (worth the extra expense I’d say) at least.
The plan was to get all my training in one place. But a combination of a teacher’s illness and this pandemic meant they said NO more classes this year. I decided to research my options elsewhere. The first place I called was not my choice. As in, I dialed the number, but I did it because a thought not my own told me to. I pray a lot about making decisions, and when I feel led to do something that I otherwise wouldn’t do, and I do it, it’s always the best possible solution. God is leading me when that happens. 
The reason I didn’t want to call THIS place is because it’s where my mother went for CS treatment when I was a kid. She died there. (I was not present.) It’s the place of my biggest regret: that when I ran back during our last visit to say goodbye privately, I didn’t hug her or say I loved her, but stood there nearly in tears and was only able to give a thumbs-up. (I had said and done those things earlier, but the last moments are different.) I hated that place for years. It was the reason I never thought about going into CSN until I had that summer caring for my dad. (And even then, I was still in law school and camp jobs a year and a half until I finally ended up here.) I resisted training at, talking about, or even interacting with people who had worked at this place.
Now, this place is not evil. Many people recover there. They have an excellent and flexible training program. It’s also the closest facility to my dad’s house in Michigan (12 hours, but still). My mother passing away was not due to neglect from the staff there, but from other factors I won’t discuss here. But I associated it with her death and all the pain of the months we visited her. Making the call about their training program was very hard to do.
But thank God I did it. They called back almost immediately and told me about this online class I could do. I asked if it was alright to take it - was it a conflict of interest with my current employer to train with another place? was it alright to go from level 2 to level 4? - and all issues faded away like mist. There’s no conflict. My level 2 training was so comprehensive (thank you to my employer once again) that I can go straight to level 4. The LAST level, finally!
I am having a catch-up session with the teacher tomorrow, since the class technically started last week, and the books are being mailed to me. I can easily pay the cost of the class out of pocket (or use financial aid), most all the instruction is online at times I will not be working, and the last few weeks will be in person at the Ohio facility.
And then? I can finally move home!!!
I give Michigan a lot of shit, and it fully deserves it, but it’s home. It’s beautiful and it needs people to stand up to the blue morons in Detroit and my dad needs me near him. (Wants me near him too.) I’ve had a job waiting for me with the Visiting CSN service there for years, and they are so excited that I can come back earlier. I could be back in time to vote Trump to stay and Whitmer to leave! I can finally buy a little house with a yard so my cats can go outside. I CAN DATE AGAIN.
It feels like my life just got put on fast-forward. I’m more motivated than ever to finish home projects, donate what I don’t need, lose more weight, and just get everything together. The only possible speedbump is if my landlord refuses to do a month-by-month lease. If so, I’d either have to move at the end of this month or get locked in for another full year. BUT even if the latter happens, I’d make lots more money while I kept working (especially at this new level - it would let me supervise other CSNs) and I’ll still go home a year earlier than I would have!
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nerdygaymormon · 5 years
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Maybe you've answered this before, but why don't you just leave your church? Doesn't it bother you being part of something that rejects you? Don't you want love? I don't understand why gay people ever stay in that church.
I get these questions from time to time. Never sure what to make of them. I get that it’s unusual for a gay guy my age to still be part of church. I hope part of this is they like me and want me to be happier. But it also feels like they are looking down on me, idk.
I don’t have a short, simple answer, so strap in, it’s going to be a long ride.
1)   I was a teenager in the 1980’s. It is hard to be gay now, but it was so bad back then. Being gay was shameful. The 80′s was the AIDS crisis, so mostly what I heard about being gay was death. There were no legal protections, society was against us. Actively hostile, bigoted statements were common. My own dad told homophobic jokes to big laughs. Coming out looked like I’d be condemning myself to a terrible life and strip all the good things from me.
Also, with no role models, I was having to work through what it means to be gay. I also did manage to get ahold of a gay porn magazine (this is long before internet was a thing). I was crazy to think I could hide it. I shared a room with three brothers so no privacy. Despite my denials, my parents knew this was mine and they were so upset. My dad now tells me he wishes he sent me to conversion therapy once he learned I had this magazine. Can you imagine?
2)   I grew up believing in this church, which included the terrible things taught about me as a gay person. At age 19 when my bishop challenged me to pray about going on a mission, I instead prayed to know if God could possibly love me (which is really sad that a kid could grow up in church and not know that). I felt love radiate across my body as a voice in my ear said “You are not broken.” That experience sustained me for a long time
3)   I went on a mission in the 1990’s. If you haven’t been on a mission, it’s probably a surprise that it can be a relief. There’s no pressure to date. I could form close bonds with other men, and even though these are non-romantic relationships, they are intensely close.
4)   I was still in the closet when I went to the church schools in Rexburg & Provo. At the end of my first semester, my roommate came on to me and let me feel him up and stuff. I went to sleep thinking maybe the two of us could leave the church, transfer to a different school, say goodbye to my family and we could have a life together. It would be a huge sacrifice for both of us and I thought he felt the same, but the next morning he turned me in to our bishop. I thought I was going to get kicked out of school, be sent home in disgrace, maybe disciplined out of the church, but instead I was put on probation and had to stay the summer in Rexburg. I was heartbroken and swore off love and focused on school. At the end of the summer, to my surprise the bishop made me the elders quorum president.  
That first roommate, we were best friends. He is Bi and decided a life with a woman would be easier, and considering it was the 1990′s, he was correct. He left school a few days later, met a woman and got married. I hate how he ended things, but I don’t blame him for the future he chose for his life.
5)   BYU in Provo was my backup school, and reluctantly it’s where I transferred to. It turned out that I genuinely liked BYU with 2 exceptions, the severe restrictions the Honor Code placed on LGBT students (which was the same as at the Rexburg campus), and the fierceness with which the Honor Code Office sought to enforce those restrictions. Occasionally I’d hear rumors of sting operations they had done to catch gay students. There was this low-level fear always of getting caught whilst a student in Provo. My roommates also expressed their dislike of anything remotely gay. Even though I kept the rules, I didn’t dare tell anyone that I’m gay because the potential cost was high.
While at BYU I had a major faith crisis. I no longer believed a lot of the truth claims of the church, but I wasn’t about to lose all that tuition money. I stuck it out. So not only was I pretending to be straight, I also had to act as though nothing about church bothered me.
6)   The same voice that told me I am not broken would occasionally tell me that it’s okay to pursue relationships. It gave me great hope. I still get that message. Being a good Mormon, I thought this meant that somehow God was going to change the church. In the temple I’d hear that it’s not good for man to be alone and the law of chastity was presented in a way that could include me if I was married to a husband (the temple says no sex except “with your husband or wife to whom you’re legally and lawfully wedded”).
7)   After BYU, I should have come out and gotten on with life, but I didn’t. My first job was working for a Mormon boss. A landlord who is LDS gave me a deal on rent. Coming out seemed like it would disrupt my life in really negative ways. Plus YSA Wards were a source of friends and support network.
8)   In my 30’s I was no longer in YSA wards, and the world was getting better for gay people. The fight for gay marriage was in full swing, and so many of the people in my life were very opposed to it. It bothered me that the church was so opposed and fought gay marriage because in my head, it was a way for me to follow God’s promptings and pursue a relationship.
Being a Mormon is very much an identity. It’s hard to peel off. It’s my social network, it’s what much of family life revolves around, It’s a belief system and way of viewing the world. it’s a map of what one’s goals in life should be, and so on. Staying in the closet kept the rest of my world intact.
I know you’re thinking wtf, you’re a grown man, own your life!!! I grew up in an unstable family situation (we had many financial troubles and moved frequently), so I crave stability. Remaining in the closet and in the church were keys to maintaining that stability.
9)   Squashing all my romantic and sexual feelings also shuts down most other feelings. I spent most of my 20’s & 30’s feeling numb, like I was watching life but not a part of it. I spent those years wishing I was dead, that a bus would hit me or a major disease would strike. Those kinds of deaths would end my misery and also be okay for my family because they wouldn’t have to know I’m gay. I recognize now how messed up that is.
10)   The great source of happiness in those years was being an uncle. I’m the oldest of 7 children, my siblings had lots of babies born in those years. The joys of being an uncle only increased the pressure to stay in the closet and in the church because if I didn’t, my only source of happiness might be taken away.
11)   I finally reached the point where I was tired of going through the motions of having a life. I was ready to come out. Rather than make some grand announcement, I decided to be honest with anyone who asked about my life. When someone tried to set me up with their friend, I would ask if she had a brother. As these sorts of situations came up, I was coming out to people one by one.
I didn’t exactly “come out” to my family. I figured since my parents had found the gay porn mag when I was a teen, and then gay porn malware on the computer when I was college student, they probably already knew (and they did, but were in denial). Also, I thought coming out would be saying I’m not trustworthy and an awful person for having pretended to be something I wasn’t for so long (not true, but that’s how I thought of it).
12)   I’m such a late bloomer that I sometimes am embarrassed about it, especially now that so many people come out in their 20′s and even as teenagers. At the first Pride parade I attended, someone told me that we all come out when it’s right for us, and this was my time. I think that’s true.
13)   Most of my adult life in church was being pianist in Primary. Shortly after I started telling people I’m gay is when I was called to be in the stake young men presidency. My stake president says he looked over at me playing piano one day and thought, “that man has much more to offer.” I wonder if it’s because I was more confident, my identities were less in conflict than they’d been in the past, I wasn’t afraid and hiding.
As stake young men president, I made sure I knew by name and something about every youth in the stake. I wanted them to know they were seen, they were heard, they were loved. Teens go through such hard things and I wanted to be a kind, supportive person in their life. Most youth don’t know who the stake youth leaders are, but they all knew me. Several told me about hard things in their life and some even came out to me. Parents of gay teens would come speak to me and I’d let them know life in church is hard and unfair, ways they could help support their teen, and prepared them that their child’s likely path would be out of the church. I felt like I bloomed in this calling and made a difference.
14)   In 2015 marriage became legal for same-sex couples across the USA due to a Supreme Court ruling. I thought that finally the church would have to come to terms with it and accept it. But then came the November policy banning the children of gay couples from being members. It felt like a punch in the gut and I nearly walked away. I was still stake young men president and weighed whether the difference I made in this calling was worth putting up with how church clearly didn’t want me. 
15)   To help my parents buy a house, I had a bunch of their debt put into my name and I lived in the house with them. At the time it seemed a good way to avoid the loneliness of being on my own. But living with them also made walking away from the church tricky.
16)   A month later I hit the 3-year mark of serving in the stake young men’s program, I was released from that and called to be stake executive secretary. My stake president told me that anyone can make appointments, but he wanted my unique viewpoint in all the highest councils of the stake. In this calling I occasionally meet general authorities and I speak with them about being gay in the church. My stake President recently joked that he has twice been a counselor in a stake presidency and now is a stake president, and in those years he’s met many general authorities, yet I have way more impact on them than he ever has.
17)   Shortly after getting this new calling, in 2016 I started my tumblr blog. Eventually I used the blog as a way to examine, explore and record what it’s like to be gay in the LDS church. In some ways this blog is one giant pep talk to myself.
18)   In 2017 my blog exploded, one of my posts went viral. It’s almost like God got tired of waiting on me, now I was out to everyone who knows me, and many more.
All of a sudden I had so many hurting Mormon LGBT people contacting me, most were teens and twenty-something’s. I’ve tried to help them, to affirm them. In many ways it feels like the years as stake young men president working with teens, the years I spent developing a spiritual independence, the studying & thinking about how being gay can work with the gospel, the fears & worries that are part of being in the closet, all of that prepared me for this.
19)   Later in 2017 my mental health dived. I became suicidal. I started therapy. I finally had to face how harmed I’ve been by my time in church. I also had to admit I will never be enough in this church, I can never reach the goals & purpose of life as laid out by the church,. My therapist helped me see that I need another framework for what a successful life looks like and what would make for a joyful life.
In 2018 I was still in therapy and was diagnosed with social anxiety disorder, which partly explains why coming out and leaving the church were so difficult. The major driving motivation of this disorder is wanting to not disappoint people.
20)   My therapist says I feel things more deeply than most people, but because I’d pushed down my feelings so long, it’s actually a bit scary to feel so much. I also started dating and trying to get gay friends. These sorts of big changes were hard for me. The psychologist said, in an amused tone, that I fully examine a path before I’m willing to take a step down it, meaning I’m cautious and slow to get going, but am certain when I begin of where I’m going.
21)   Some of my family openly embraces me as gay and loves me no matter what. Some make their love and access to their children conditional on my being in church.
22)   I thought 2018 would be the year I leave the church. There’s a personal reason I haven’t; I feel there’s one more thing to do, a friend whom I can help. That I came ahead to pave the way for this friend.
I know this all sounds crazy, talking about a voice telling me it’s okay to have gay relationships or that I have some missions in life to accomplish. That’s part of faith, I guess.
23)   It’s unfair to say I’m still attending church for my friend. First, I don’t want him to feel any pressure. Second, it’s my decision, not his. I also am working on paying off debt so I can more easily live on my own, I’ve joined Affirmation and met a lot of LGBT Mormons/post-Mormons and feel like there’s something of a potential support group/friendships there. I’m thinking of changing jobs, even moving to a different university. In other words, I’m laying the groundwork to make any shift more smooth. Whether I take a breather from church or not, these are good things to do.
24)   I’m in my 40′s and can see that in some important ways I’ve lived a stunted life. But I’m also able to use my voice to speak up for LGBT individuals inside the church, to try to make this little corner of church kinder and more receptive.
25)   I can’t even imagine what you’re thinking of me. A hypocrite, someone who stays with an organization that contributed to my own mental health crisis. Someone too afraid to live. I can’t undo my past and all that lost time. I’ve made a lot of progress and am moving forward. I also believe and hope that things I share on this blog and things I say in my local church help LGBT members.
Maybe you can understand, maybe you can’t, why my life went so differently from yours. I’m certain you won’t agree with a number of decisions I made, but they were mine to make and they explain where I’m at now.
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amphtaminedreams · 4 years
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We Voted for Murderers
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65.2%.
That’s the percentage of people who voted for the Conservative candidate in my constituency, and I feel completely heartbroken. See, things have properly gone to shit. 
If we’re talking numbers?
Local councils estimate the number of people sleeping rough on any given night between 2010 and 2018 has risen from 1,768 to 4,677, a 165% increase. The Trussell Trust, the UK’s largest food bank charity, has reported a 5,146% increase in emergency food parcels being distributed since 2008. An 8% cut in spending per school pupil since 2009. Funding from central government to local government cut by 60% in that same period. £37 billion less spent on working-age social security compared to over a decade ago by 2020. A 90% fall in the number of social homes being built since 2010. A £7,300,000 decrease in funding for women’s shelters between 2011 and 2017. Don’t even get me started on the government’s treatment of the NHS.
I’ve heard stories of individuals applying for PIP due to mental illness being berated about suicide attempts and the likelihood of another as part of a “formal interview” process to see whether they qualify. People collapsing in job centre queues, freezing to death on the streets and the elderly in their homes, suicides whilst on never ending mental healthcare waiting lists. In fact, 17,000 sick and/or disabled individuals have died whilst waiting for PIP payments to come through, and in total, UCL researchers have linked 120,000 deaths to austerity (I’m not going to comment on the irony of my former university that’s notoriously lacklustre when it comes to giving a fuck about the wellbeing of its students publishing this unless...I just did?). 8 years of negligent homicide of the most vulnerable people in our society under the Conservative government and we voted them back in.
So I ask, are people really stupid enough to believe that the politicians responsible for this mess are the ones who are going to fix it just because they make a few characteristically empty promises on TV or does the British public at large really give even less of a fuck about other people than I thought? As in actually not give a fuck about people dying?
I have to tell myself it’s the former. The press’ treatment of Jeremy Corbyn and Labour was scathing. 
Corbyn, a man who has stood by the same principles of fairness, justice, and equality, for the entirety of his career, was criticised by the likes of The Sun, The Daily Mail, and The Telegraph, for being indecisive and a threat to this country whilst Boris Johnson, a man who can barely string a sentence together when he is asked to give a straight answer to something and blocked the release of a report covering Russian interference in British politics, was held up as the one people should put their faith in. 
I know, the press are never going to be completely neutral. But shouldn’t they at least be committed to integrity? And the truth? Isn’t that the WHOLE FUCKING POINT of journalism? I’ve been hearing the phrase “post-truth world” thrown around a lot and it’s probably an indication of my privilege that it was only with this election that I properly understood what that meant; it was found by the NGO First Draft just 2 days before the election, damage way past the point of done, that 88% of the Conservative Party’s Facebook ads (compared to 0% of Labour’s ads) contained misleading information. The repercussions were non-existent. After Boris Johnson’s claim that Jeremy Corbyn wanted to raise corporation and income tax to the highest levels in Europe was publicised, only Channel 4′s Factcheck website published the actual statistics (France, Belgium, Portugal and Greece all have much higher corporation tax rates than Labour’s proposal). Similarly, in many constituencies, the Lib Dems were posting fliers where Labour candidates were, in the previous election, the runner ups to the Conservative candidate, claiming that it was instead THEIR party’s candidate who had the highest chance of unseating the latter. Days before the election, the headline of one of Britain’s most highly circulated papers claimed that a Corbyn government would plunge us into a crisis the likes of which “we haven’t seen the Second World War”, which is kind of wild considering that 130,000 preventable deaths have been linked to austerity under the Conservative government compared to 70,000 civilian deaths in said war. Not that either is good, obviously, and I can’t believe I have to point that out. But then, right-wingers did paint Jeremy Corbyn as a monster for passing up watching the Queen’s Christmas Day speech to volunteer at a homeless shelter, so I thought I’d just cover my back, y’know. 
Shouldn’t there be standards that the media is held to? You know, like not making slanderous statements about some politicians that have no actual basis in fact whilst brushing over the statements of others. Whilst the PM’s father Stanley Johnson was on nation television calling the public illiterate, and Jacob Rees-Mogg was blaming the Grenfell victims deaths on their “lack of common sense”, and Michael Gove was stating that people who needed to use food banks had brought it on themselves because they were not “best able to manage their finances”, it was Jeremy Corbyn who was being called an enemy of the people, accused of trying to plunge us into a “Marxist hell”...I mean, if Denmark and Norway and Finland with some of the highest living standards in the world are “Marxist hell”s  then sure, that’s what he’s doing. But that’s a hell I’m sure a lot of people would find much comfier than a freezing cold pavement. Before Labour had even released their (fully-costed!) manifesto, barefaced lies were being published about how much it would cost and how it would plunge us into trillions of pounds worth of debt, as if it hasn’t increased from £1 trillion to £1.8 trillion in the years since David Cameron took office. Meanwhile, when Labour did publish their manifesto and the Financial Times published a letter signed by 163 prominent economists and academics backing their spending plans? Crickets. Nothing sums it up better than the debate around Jeremy Corbyn’s alleged anti-semitism, discussed ad-nauseam whilst Boris Johnson’s actual racism, islamophobia, misogyny and classism, RIGHT OUT OF THE HORSE’S MOUTH, was completely ignored by most news outlets. 
You know what, maybe people earning £85k just DON’T want to pay an extra £3 in tax a week to make sure children get an education. Maybe everybody IS just as selfish as that one twat on Question Time who got all red in the face over the prospect of having to give up an amount less than the cost of a tub of Ben and Jerrys a week. But if that’s true, this isn’t a country I want to live in at all, or a planet I want to live on, really. I hope it’s not. I hope it’s a case of a need for some kind of collective realisation that the Sun ain’t shit. Merseyside did it. The younger generation are catching on. And look at the results there.
Labour probably couldn’t fulfil ALL of their promises. No political party is perfect. I was told again and again how unrealistic those promises were as if that was enough to make me go ”oh...I guess I’ll vote for 4 more years of people dying in the streets instead”. Yes, in an ideal world, the entire manifesto would be made a reality, but it depended on far too many rich people being good and honest. Let’s be real-the elite will always find a way to avoid paying their fare share on the premise that they “earned it”, as if anybody earns billions by sheer hard work alone and past a certain point, not off other people’s backs. As if there aren’t nurses and teachers and firemen and other public sector workers who don’t put in just as much energy and as many hours and emotional labour as CEOs and business owners and investors. But the point is that Labour under Jeremy Corbyn acknowledged this, and their manifesto aimed to give the power back to the average person, from the vulnerable to the supposedly middle class still struggling to make ends meet, and give them the quality of life they deserve. It was built on the simple premise that the people should use their government, not the other way round, and that everybody deserves the basic human rights of shelter, nutrition, safety and dignity, regardless of their fortune in life. However many of Labour’s policies would actually have been fulfilled, it would’ve been a shift in the right direction. 
Now the election’s been and gone and I’m scared. Already, the narrative is being rewritten by the billionaires in control of this country that a manifesto like the one we saw this year will never sit right with this country, when it is what so many desperately need. The people putting this information out there know the truth: that Labour’s membership trebled in size under Corbyn (more people voted for him than for any Labour leader since Tony Blair), that most of the safe labour seats were lost because of Brexit, and that if the manifesto had been represented accurately, there’s a good chance that Boris Johnson would no longer be our Prime Minister. I’m scared a person like Jeremy Corbyn will never front Labour again. 
Because I do not want a tory painted red who’s friends with Jacob Rees-Mogg behind the scenes, I do not want a war criminal who thinks that bombing innocent people is ever acceptable, I do not want a person who doesn’t see people of colour as part of the working class and indulges in the occasional bit of TERF-ism.
Already, the Conservative party are backpedaling on the few promises they made to increase NHS spending, and I am scared. I am scared for myself, in the event that I need urgent mental health care again, and I am scared for those less privileged than me who don’t have a family to support them, who don't have a roof over their head, who weren’t fortunate enough to be born in a country with relative economic and political stability, who cannot physically go out and work to earn a living. I am worried about the bigots that this election has already emboldened, the Katie Hopkins and the Tommy Robinsons of the world, who think the things that blind luck have graced them with they somehow earned, who pride themselves on ignorance and cruelty and selfishness.
So for now, what can we do? 
Join trade unions. Organise. Write to your MPs. Bring attention to those who are vulnerable. Be vocal with your criticism of the establishment. Call out those in politics for an ego-trip hiding behind “personality”. Do your research. Keep an eye on the numbers. The “it doesn’t matter who you vote for, just vote” sentiment is old, because it does. No “as a feminist, I exercise my right to vote for whoever I want”, because as a feminist, you should care about ALL women, not just the white, middle class, able-bodied ones. 
And if anyone has any more suggestions, let me know. Because I am sick and tired of living under a government who doesn’t give a fuck about the people it’s supposed to protect.
Lauren x
[DISCLAIMER: The photo is not mine. Just devastated and trying to find the words to express it.]
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prorevenge · 6 years
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You want to mess with my career and my freedom? Watch your entire life go down in flames!
TL;DR at the bottom. Sorry in advance for any formatting or grammatical errors. English is not my first language.
This is a pretty long one, so hope you're up for the challenge :)
This all happened five or so years ago while I was working for a proprietary trading firm. The company is a multinational and it had opened a new office in my city a couple of years before I joined them. For those who don't know, most prop shops (as I understood it) have a very high turnover rate. Just toss everyone in and keep those who stick. The company I worked for recruited every three months. It had space for about 120 traders but the office was never full. Out of the twenty or so who were hired every quarter, only about five managed to make it beyond the three month internship period, and of those, only one - or sometimes none at all - made it past the additional three months probation period. The company was operating in my city for two years before I joined and there were only about four people who I could have called permanent. Everyone else, about another ten, was either on their internship or on probation.
The Setup.
I and about twenty five others were recruited straight out of university. The internship period paid really well for a first job, about twice as much as any other entry level position in other financial institutions plus bonuses once we went live (regardless of whether one is on internship, probation or permanent), and I was really excited.
I first came across my boss, a really decent Indian guy, at a industry day held in our university. That was where they administered the IQ tests and I passed. The office, similar to other mid-sized operations, had a pretty flat management structure. Us traders were at the lowest level, the HR/Ops manager was above us, and the Office Manager was, well, the head of the branch. The boss gave time off pretty much whenever you asked for it as long as the day's objectives were fulfilled (that was his policy).
However, the HR/Ops manager was his opposite, and then some. This lady was a Grade-A bitch, and I mean that sincerely. Let's call her Gabby.
The Instigating Event
I first met Gabby when I went to their offices for my final interview. I was registering at the front desk when she marched from her office demanding some documents from the receptionist. The receptionist wanted to finish up with me first but she was ordered off to file storage. Our exchange went like so:
Gabby: You're one of the new ones?
Me: Yes. I'm really excited.
Gabby: Don't be. you don't look like you'll make it.
Me: Why?
Gabby: You're too soft.
A pause.
Gabby: Buut... I can put in a good word for you, if you give me a little something. ( a bribe).
Me: Haha. Very funny.
Gabby: I'm serious. Give something and I'll make it very easy for you. Otherwise I'll make sure you don't even get into the interview.
Me: No.
Gabby: Stupid idiot.
Right to my face. And she kept her word. She made me sit in a hidden corner of the waiting room where no one would see me easily, but I could hear the conversations at the desk. The only reason why I got an interview is because apparently I had impressed the boss at our previous meeting that he came to see why my CV wasn't there. Gabby said that I hadn't sent it in. The receptionist stated that she had seen it somewhere. Then I walked up to the desk at the same time the receptionist said, "Here it is. It was in the trash..." and everyone stared at Gabby.
From that moment of humiliation onwards, Gabby had a raging hate boner for me. You see, Gabby was a micromanager, more of a nanomanager really. She made us have to request access if we wanted to access sites other than those on her approved list, and for traders who gain info from wherever we could find it, her list was woefully inadequate. She would call meetings at the most inopportune times - but only when the branch manager was not around - and in her lengthy meetings, you could never leave to check on your positions. She had this annoying habit of taking my lunch and when I confronted her about it, she essentially told me to go fuck myself. That I could live with. I just started bringing in two sets of lunch and kept on doing the job that I loved.
Gabby was married with two kids, and she was pretty. I guess she liked the attention because she would have a stream of guys picking her up at the office for two hour 'lunches' and when she left for home some evening. But not on Thursday. Thursdays were the days when her husband would come pick her up towing their kids along. I think they went to have a family dinner or something.
The Mistakes Gabby Made: Round One
Our manager left about two months after I joined. I think he returned to India to get married or something but still stayed with the company. Wished him all the best. None of the other permanent traders had the experience corporate required to take on a management role (5 years at least) so they had to shop around. In the meantime, Gabby became the de-facto head of the branch despite the fact that her knowledge of futures markets was rudimentary at best.
Her first mistake was when she delayed my promotion from internship to probation. I am an excellent trader, and was easily top five in my group. Of the 26, she promoted the twenty she liked, kept me and another guy in internship, and fired four.At around the same time, another recruitment drive happened and another twentyish interns were hired. I knew this was our beef rekindled and remixed, and I was actually surprised she held onto it for so long. It was also pretty unusual since the last thing my former boss did before he left was to promote me from the simulator to a live trading account. But I kept my head down and continued learning, often going back to my former boss and the permanent employees to get advice.
Another three months go by, and in the next evaluation I was shocked that I was still not brought up to probation, despite the fact that all of the new recruits of the second group had been promoted and I was easily the best and the only one trading live. I knew I was good at the job. The permanent guys all said so. The group I initially joined with was frequently asking me for advice. To their credit, a few of them were good, but most of them were still on sim, and as a rule, no one advanced to probation while still on sim. However, you could go live while on internship if you were good which is what had happened to me. So I was a live trader and making good money but I was still on internship and passed over twice. I couldn't let go of that.
I decided to talk to Gabby directly. I approached the senior guys and made my case, though I was careful not to put her in bad light. They agreed to help me and so they did. about a month after the she passed me over the second time, she gave me my promotion and I was now on probation. At this time, she was still unsure of her power and was still afraid of the permanent traders. Those guys were like gods.
Two months after my promotion, another evaluation and recruitment drive. I was not promoted. The group I started out with was now permanent, despite having only two of them trading live. The group I was currently with on probation were all promoted to permanent status. The group behind me on internship was all promoted to probation, and another group was hired. I let it go hoping she had got it out of her system. Sadly, she had not.
Round Two
Three months go by. I'm trading live and loving it, though still on probation. An evaluation comes up again and I'm not promoted, despite the fact that, contract to contract, I was almost on a level with the permanent employees. The group that found me on probation was advanced to permanent status to a man, and none of them were live. the group behind me caught up to me and a new batch of newbies were hired as interns. I couldn't let this one go either. I approached the original four permanent employees who were now my very good buddies and planned to do the same thing as last time. Only this time, it didn't work. Gabby had grown into her sadistic power and flatly refused to even consider my promotion even after she was presented with evidence that I was worth it. Her argument was along the lines of, "I'm the boss so I can do whatever the hell I want."
But I wasn't having that, so I contacted my former boss for help. At the time he had been promoted to head of operations, Africa. He was actually quite surprised, given my performance, that I was still on probation. Needless to say, the order came down from on high and Gabby looked like she was shitting six pineapples simultaneously as she handed my letter. And I thought that was the end of it. How wrong I was.
On the next recruitment she hired this girl, let's call her Sue. Sue was an intelligent person all round, but she didn't have the emotional quotient to handle the market (trading, as I was taught, requires two mental aspects: IQ and EQ. You can't improve IQ, but you can boost your EQ to deal with the numerous stresses that accompany the career). Sue had more than enough of the IQ part, but EQ, not so much. No worries, you can work on that.
Just to recap: The office now had about seventy employees. Of these, over thirty were permanent staff (me included) but only eleven were trading live. Another twenty or so were on probation, but only three were trading live. None of the interns were live. The office needed to stay profitable if it was to stay open which means that the money the fourteen live traders were paying the salaries of everyone in the office, rent, supplies, health insurance, pensions etc etc. Needless to say, corporate was not seeing a lot of returns from our branch, and as I came to learn later from my former boss, were considering shutting down the branch and costing us our jobs. But I digress.
The Last Straw
The Grade-A Bitch Gabby took advantage of an inconsolable and desperate Sue to try and get me for sexual harassment. This is how it went down. Remember all those people still on sim? Well, they all came to the eleven of us for trading advice and we did what we could to help them. We divided up the sim traders into groups and I was mentoring about four people. Sue was one of them. As any trader will tell you, the period before profitability is usually one of losses (unless you're really good) and is filled with stress and fear (hence the need for high EQ). It's normal, and you get through it.
Sue was going through such a rough patch one evening. We were going over her trades (bad trading day all around), when she just burst out crying. I know how it feels. I had shed my own tears as well. So comforted her the best I could. I held her hand and patted her on the back awkwardly (to this day I still don't know how to comfort someone) until she quieted down. What I didnt know was that Gabby had seen us.
As I came to learn later, she approached Sue the following day and made her an offer. Gabby would make sure Sue kept her job and would get her a lot of money if she stated that I had sexually harassed her. Sue took Gabby up on the offer and what followed was a nightmare.It started with a formal reprimand from corporate, a hearing in which I wasn't present to defend myself (because Gabby 'forgot' to send me the summons).
Apparently she lobbied quite viciously to get me fired. The only reason I was able to keep my job was that my former boss came to my defence. Despite his help, I lost my quarterly bonus (about US$100,000) and half of my holdback (about US$400,000). I also had to attend seminars which essentially involved watching the same film on sexual assault in the workplace (three hours long) until I stated, in writing, that I was an abuser and it would go on my record. I knew that if that happened, Gabby would have the ammunition she needed to ruin my life forever. So every day, I got into the office at seven in the morning, watched the three hour film until ten. Refuse to acknowledge it, then get to work, leave the office at 11:20 in the evening, rinse and repeat. For almost seven months. It was tiring, and torture, and Gabby never let me live it down.
All of the people I had been mentoring were transferred the day after my reprimand. A day after that, Gabby informed me via letter that my clip size had been cut from 1000 to 20 contracts. Yeah, I had to admit, I was bloodied. I was down, but the bitch didn't know that she should have ended me.
The Revenge
Step 1: Ruin Gabby's Career.
I started compiling all the shit that was happening to me in the office. It started when I realized that when I went out to lunch, someone would open my desk drawer and mess around with my notebook, where I jotted down my trading ideas for the day. The only person who had a key apart from me was Gabby. Apparently she had mastered my lunchtime routine for the entire 45 minute break and would open my locker when I was out smoking. She would then copy down my trading plans for the day and give them to Sue. I even saw them at it once, but they didn't see me. I documented it. I let it go on for a while so that I could establish a pattern via Sue's trades. I then approached two of the permanent traders who were closest to me and told them my plan.
Remember when I said almost no money was reaching corporate? and that there were only eleven live traders? The situation had only gotten worse. The office was now full but we had less that fifteen live traders. Live trading could only be approved by Head of Operations (my former boss) and he was a strict one. Now imagine that my earning capacity had been cut by over 90%. My two friends agreed to my plan and they slowed down their trading by around 50%. This essentially put the branch in the red and three weeks later, we were told that Head of Ops and other head honchos were coming down. The next phase involved getting Sue into a corner. Pleas, a tear or two, and revealing that I could prove she had been stealing my work were enough to get a written statement from her that Gabby had orchestrated my whole sexual harassment thing.
Step 2: Ruin Gabby's Marriage
It took only a little investigation on my part to realize than all those men who visited the office were actually Gabby's lovers. She would leave for two-hour 'lunches' with her phone turned off. I took advantage of one such period. Gabby left and I snuck into her office to find her Facebook profile open. Everyone knew she was always on there and it was a sore point because she had banned it for the rest of us minions. I got into her Messenger, and voila! Explicit texts, nudes, rants about her husband and his inadequacies, the six guys or so she had cheated with, all of it. I copy pasted the data into her private email which she was logged into as well (always clear cache, you guys) and sent it to my private email, then deleted it from her sent folder. Now I had the ammo on my phone ready to send.
Step 3: Ruin Gabby's Relationship with her Kids.
Now, I'll say right off the bat I'm not proud of this step. but to bust my justice nut, it wasn't enough to just send the info to her husband. So I waited for Thursday when I knew he would be passing by the office with the kids. The Pro Revenge gods saw fit to bless me that day, because it was the same day that Corporate Head Honchos were ridin' into town.
Thursday.
I was at the office at seven as usual with all my documentation from my appointment letter to the numerous rejected requests for promotion, sat through the three hour sexual harassment video (yes, I was still doing that), and waited for the Moment. The guys from corporate, my former boss included, arrived and went straight into a meeting with Gabby. I was quite certain that they would call me in to know why I had been attending a sexual harassment awareness class for almost a year, and I was ready for them.
I was called in after lunch, at about two. The question was asked and before I could answer, Gabby jumped on the bit like I knew she would. She went on a long rant about how I had been insubordinate, and how I liked to touch the female employees. I could tell from her grin that she thought she was winning.
And then I pulled out Sue's letter, and the grin curdled on her face. Sue was hurriedly called in and she backed my story. She said she was sorry. She was fired on the spot and told to go wait at the receptionist for her final check. I felt no sympathy. I was on a roll.
Next I pulled out my analysis of my trades and told them how Gabby had been breaking into my locker and stealing my notes for sue. Gabby denied it. Sue was called back in. She denied it. My former boss logged into the company network, pulled Sue's and my trading data. He compared the positions taken by both of us with my notes. He said it was true. Sue was fired again. They told me they would refund my confiscated bonus and holdback, with an extra 50 grand. That was fine by me. The justice was enough.
And then I spotted Gabby's husband heading into her office as usual, their two kids in tow. I pulled out my phone, grinned at her and said,
"You're husband is here."
She turned around and saw him. She excused herself for a minute to tell him to wait.
My former boss said, "Sure."
I pressed send.
TL;DR. Grade-A Bitch tries to ruin my career because I humiliated her, I burn her life to the fucking ground.
As for the aftermath, Gabby's husband absolutely lost his shit. Her office was glass-walled and the rest was open-plan so we could all hear what they were shouting about. He finally left with their kids in tow (sorry little ones) Gabby followed him still shouting at him. Then she saw us all standing around and the look on her face was priceless as she was wondering which aspect of her life to try and salvage. She let her husband go, but about an hour later she had been fired.
My favorite boss stayed behind since there was no one left. He stayed for a month training the lady who had been with the company the longest to take over as manager. She is easily the most brilliant mind I had ever met. Unfortunately the branch was still struggling with so many employees who were not generating income and they had to shut it down. But they transferred all the performing employees to their other various branches in London (2 branches) and India (9 branches). So I guess no one undeservedly lost their jobs.
I still stalk Gabby on Facebook. There have been a lot of "I'm single because I'm too awesome" posts of late. I almost feel sorry for her, but I remember the three-hour video and I stop being foolish. From what I could see on LinkedIn, Sue bounced around from firm to firm until she found a position as a research analyst. My favorite boss is still at the firm. We talk from time to time.
I took a break from trading for a while. After all the shit that went down, I needed a break so I didn't take them up on their offer to relocate to India. Went to work with a buddy of mine who has a consultancy. When I feel ready I'll go back to the market. For me at least, there is no other job as challenging and satisfying.
Wow. That was long. I think though that's the end of my ProRevenge :)
(source) (story by AbbasKubaba)
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Spread Betting - How To Get Poor Quickly?
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As I write this, I'm nursing a bit of a sore head and an empty wallet. In the last four weeks I've lost almost £30,000 spread betting for about an hour a day five days a week. So I managed to blow around £1,500 an hour. That's really quite a chunk of cash. Actually, it's not quite as bad as it looks. Fortunately, I was betting using a few spread-betting companies' demo sites. These are simulations of their live betting sites that allow you to practice before you start betting with real money. I realise that I am no financial genius otherwise I would have been rich long ago. However, the fact that I managed to squander so much money so quickly does pose the question - if spread betting seems so easy, why do so many people get completely wiped out extremely quickly?
We're increasingly seeing advertising for spread betting in investing and money management publications. In the one I subscribe to, four or five different spread betting companies take full-page colour ads each week, outnumbering any other type of advertising. Spread betting ads are already common in the business sections of many weekend newspapers and will probably soon start to appear in the personal finance sections. Spread betting could appear deceptively attractive to many savers. After all, money in a bank, shares or unit trusts will at best give us about a miserable five per cent a year before tax. Yet a reasonable run on spread betting can easily let you pocket ten per cent a week - five hundred per cent a year - completely and gloriously tax-free. So spread betting can let you earn in just one year what it would take a hundred years or more to achieve with most other investments.
Spread betters gamble on price movements of anything from individual shares, currencies and commodities to whole markets like the FTSE, Dax or S&P. It is called spread betting because the company providing the service makes most of their money by putting an additional spread around the price at which something is being bought or sold.
Spread betting appears to have many advantages compared to traditional investing:
You don't have to buy anything - It allows you to bet on price movements without having to buy the underlying assets - shares, commodities or foreign exchange.
It's tax-free - When you buy or sell shares, get paid dividends or receive interest from a bank you will have to pay taxes like stamp duty, capital gains and income tax. Unless spread betting is your full-time job and only source of income, there are no taxes to be paid as it's considered to be gambling.
You can go long or short - When you spread bet you can gain just as much whether prices rise or fall, providing you guess the direction correctly. With most other investments, you need the price to go up before you make a profit.
You can bet on a rise or fall at the same time - If the FTSE, for example, is trading at 5551-5552, you can place two bets, one that it will rise and one that it will fall. These only get triggered when the FTSE actually moves. So if it starts going up, your bet that it will rise gets triggered. Similarly if it drops, only your bet that it will fall is triggered. So it can seem that, come rain or shine, you'll probably win.
Huge leverage - If you bet say £50 a pip (a pip is usually the minimum price movement you can bet on), you can easily win four or five times your original bet if the price moves in the right direction. On a really good bet, you can win much much more.
You can wait for the breakout - Prices on many shares, currencies, commodities and other things people bet on tend to experience periods of stability followed by bursts of movement up or down, what spread-betters call 'the breakout'. You can place a bet that is only activated when the breakout comes.
Loss limits - You can put conditions in your bet that prevent your losses exceeding your chosen level should your bet happen to be wrong.
You can adjust mid-flight - With most bets, such as with horse racing or on roulette, once the race has started or the croupier has called 'no more bets' you have to wait helplessly for the result to see if you've won or not. With spread betting you can choose to close your bet at any time. So if you're ahead, you can take your winnings; if you're behind you can either cut your losses or wait in the hope that things will change and you'll be up again. Given all these properties of spread betting, it should be pretty easy to make a fair bit of money without too much effort. If only.
Industry estimates suggest that around ninety per cent of spread-betters lose most or all of their money and close their accounts within three months of starting. There seem to be another eight per cent or so who make reasonable amounts of money on a regular basis and there are around two per cent of spread-betters who make fortunes. I've been to a few presentations run by spread betting companies and at one of these the salesman let slip that over eighty per cent of his customers lost money. Even many professionals lose on about six bets out of every ten. But by controlling their losses and maximising their returns when they win, they can increase their wealth.
Why it can go horribly wrong
There seem to be several reasons why spread betting is so effective at dramatically demolishing most practitioners' wealth:
The companies want you to lose - When you first open a demo or real account, you will get several phone calls from extremely friendly and helpful young men and women at the spread-betting company asking if there's anything they can do to assist you to get going. This is customer service at its very best. Most of the people contacting you will parrot the line that they just want to help and that they're happy if you're successful as their company only makes money from the spread. Some will reassure you that they want you to win as the more you win, the more you're likely to bet and the more the spread-betting company will earn. This may make you feel good, convince you that the company is open, honest, trustworthy and supportive and encourage you to use them for your betting. But it's also a lie. It's true that the company might make a lot of its money from the spread. However, with many of your bets, you're betting against the company and so they hope you lose, big time. In fact, during the last month I've seen several companies change the conditions on their sites to make it more likely that people using them will lose. So, lesson one - spread betting companies are not your friends. The more you lose the more they win. It's that simple.
It's difficult to break even - If you bet say £50 a pip and the price does go the way you want, the spread betting company takes the first £50 you win. So the price has to move two pips in the right direction for you to win your £50 back and three pips for you to emerge with £100, doubling your money. But if the price moves three pips in the wrong direction, you lose your original bet plus £50 a pip, giving a total loss of £200, a loss of four times your original bet.
Losses can be massive - With most gambling, you can only lose what you put down on a horse, blackjack or roulette. With spread betting you can quickly say goodbye to much more than you wager. I forgot to put a stop loss on one bet and managed to lose over £800 with just one £50 bet. Because your bet is leveraged, you can make both fabulous gains and excruciatingly painful losses. Too often it's the latter. The small size of many bets, often £5 or £10 a pip can lull betters into a false sense of security. It's only when the losses go five to ten times the original bet that they realise the risk they have taken. "The spread betting leverage means that you can get rich which is a wonderfully appealing idea, but it also means you can get poor which most people ignore."
You can waste thousands on courses and systems - At one free spread-betting seminar I attended we were more than strongly encouraged to sign up for a two-day weekend course teaching us how to spread bet successfully. This would normally cost (we were told) £6,995, but there was a special offer for the first five people to sign up of only £1,997. There are many such courses and also gurus offering to sell you their special spread-betting systems, guides, webinars and all sorts of other advice. With so many supposed experts apparently making a living teaching others how to spread bet, there must be a lot of takers. But I've found that all you need to know and more is available free on the Internet. As one specialist said, 'Don't bother wasting your money on 'Guru' books written by so-called experts. Those books are crap and not worth the paper they are printed on. Nobody sells a secret trading methodology if they are really successful. The only reason these guys are writing books is because they didn't make it as traders'.
It's the bobbing about that beats you - We often hear on the news that the price of gold has risen by a few dollars an ounce or the FTSE has fallen by a hundred and thirty points or that the pound has risen by two cents against the dollar. These reports make price changes on financial instruments sound like smooth movements either up or down. However, the prices of shares, stock markets, commodities and currencies seldom move in straight lines. They jump about every few seconds. So, if the FTSE is at 5540 and you correctly bet £50 a pip that it will go up to 5545 you might not necessarily win £200. In between going from 5540 to 5545, it might drop down a couple of times to say 5535 or lower. If you have a stop loss on at 5536 or 5535 to avoid losing too much money, your stop loss will kick in and you'll lose £250 or £300 even if the index did subsequently move upwards as you predicted. I've placed over a hundred bets to test whether I won when my bets were right. On about eighty per cent I lost in spite of being right because the fluctuations triggered the stop losses even though the index did actually move from where it was to where I predicted it would go. This creates a rather odd situation where stop losses can unfortunately make you lose even when you should be winning. Yet if you don't put stop losses on and things go in the wrong direction, your losses can annihilate you.
It attracts losers - At the spread betting seminars I've attended, I've been shocked by the number of low-paid workers - waiters, porters, kitchen staff, healthcare assistants and impoverished, would-be writers like myself - who decide to have a go at spread betting as they believe that, apart from winning the Lottery, it may be the only realistic way they have of making any money. These people will be betting with their meagre life savings against extremely sophisticated financial services insiders with vast knowledge, many years experience and extraordinarily deep pockets. It's not difficult to guess who is going to win.
Sucker or smartie?
Spread betting is a 'zero sum game'. Unlike depositing our money in a bank so it can be lent to businesses or house-buyers, spread betting doesn't create wealth. It just redistributes money from the suckers to the smart. When contemplating whether to try your hand at spread betting, you need to work out whether you are likely to be in the ninety per cent who end up as suckers or the ten per cent who make money by being smart. I found it interesting that not a single one of the amiable young men and women from spread-betting companies that I spoke to actually did any spread betting themselves. By the way, when I did eventually open a live spread betting account and managed to win about £100 a day for ten days, the spread betting company started preventing me getting out of losing bets because they claimed I was "betting unfairly". However, if you do manage to spread bet successfully, please drop me an email, I'd love to find out how to do it sakong online.
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best stock options trading alerts service Arkansas
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stock options trading Arkansas And then I went back to my button-pushing existence the next day.
qqq options trading female advisor Arkansas For the purpose of this post, I�m going to refer to him as Suzy.
trading options advice Arkansas �Simply put, a stock option contract gives the holder the right to buy or sell a set number of shares for a pre-determined price over a defined time frame.
best options trading book Arkansas One is the very cool sounding reverse iron condor, which is used to profit from significant moves around earnings announcements.
etf options trading strategies Arkansas Sometimes you can strike it big with one of your options while at other times most of them can expire worthless.
options stock trading picks services Arkansas I reward him with a tummy tickle and he laughs.
options trading youtube Arkansas 4%What�s worth noting is, even though my average capital at risk was $186,000/month, my trade duration was, on average less than two weeks.
finance the options course high profit and low stress trading methods Arkansas For a guide on what to not do with options, check out the article below.
best options trading website Arkansas I did it for over ten years.
Excluding those two months, my average return on capital at risk was 1. 6% for a total annual return of 16. 4%What�s worth noting is, even though my average capital at risk was $186,000/month, my trade duration was, on average less than two weeks. Meaning I only had $96k of capital at risk at any one time, rather than $186k. I would close the existing trades before entering the new trades, and thus, recycle the same capital. Why is that important?Because it doubles my return to 32. 8% instead of 16. 4% (29,753 divided by 96k instead of 186k). But putting these accounting shenanigans aside, let�s see what the more conservative calculation of a 16. 4% return means. If I had invested my $186,000 into the S&P500 last July, I would have gained 5% ($9,300) as that�s the amount the index was up over that period.
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making money trading options Arkansas If you bought at $15, you still get some considerable upside, but you can miss out on additional gains.
If you�re unsure of which way the stock will move, but think there�ll be a decent move in either direction, there are strategies for that. And if you think the market is in a downtrend, just use those strategies! And these strategies have some pretty cool names: iron condor, bull call spread, calendar straddle, and iron butterfly. Okay, so that all sounds fancy pancy, but what is an actual stock option?�Simply put, a stock option contract gives the holder the right to buy or sell a set number of shares for a pre-determined price over a defined time frame. �Investopedia. comIt�s pretty straight forward. You can think of it as an insurance policy. If you�re a portfolio manager, managing someone�s retirement money, then you may think its a good idea to protect your portfolio against a significant drop. If the S&P 500 is trading at around 3,000, then perhaps you�ll want to protect against a decline of more than 20%. This protection can be achieved by purchasing options contracts at the price of 2,400 (20% below the current market). What�s remarkable is that you or I can be the one selling the options contract in that example. All we need to do is place a sell order on an options exchange.
options trading podcast Arkansas I realize how little I know and that I�m merely scratching the surface of the knowledge I need to feel fully confident in trading options for a living.
Considering my annual living costs are around $40,000, that�s REAL money. My one-year-old is next to me, clapping his hands and drooling while standing in his walker. He�s PUMPED. I reward him with a tummy tickle and he laughs. In my previous life, my job was to trade stocks for large institutions. I did it for over ten years. It was pretty straight forward. I�d get lots of orders to buy shares, and I�d push the buttons to execute. I�d then get lots of orders to sell and would push a different set of buttons. I got exceptionally talented at this button-pushing thing. I even wore a necktie once in a while to feel important while doing it. Not surprisingly, I GOT SICK of pushing the damn buttons. And I fantasized about making money from home instead. I read success stories of people starting a side hustle that allowed them to quit their job. I even knew a couple. But I couldn�t figure out what my side hustle superpower could be until I stumbled upon options trading. Trading options was something I considered for people with insane levels of intelligence. And unfortunately, that isn�t me. When I took the GMAT exams to apply for grad school, I scored in the top ten percentile for verbal (Yaaaay English Lit Class!) but the bottom ten for math. People were shocked when they found I worked in finance. Not surprisingly, I didn�t end up applying for grad school�But I said f*ck it. I�m gonna see if I can learn this options trading thing. And a year after trying it out, I�ve made $29,753. Here�s how it all went down. Discovering Stock OptionsI love reflecting on significant life changes you can pinpoint to a single event � that so-called fork in the road. In this story, it was a chance meeting with my first boss in the financial industry.
options trading coach Arkansas And an option�s value can swing wildly within a few minutes depending on the price movement of the underlying stock.
It was pretty straight forward. I�d get lots of orders to buy shares, and I�d push the buttons to execute. I�d then get lots of orders to sell and would push a different set of buttons. I got exceptionally talented at this button-pushing thing. I even wore a necktie once in a while to feel important while doing it. Not surprisingly, I GOT SICK of pushing the damn buttons. And I fantasized about making money from home instead. I read success stories of people starting a side hustle that allowed them to quit their job. I even knew a couple. But I couldn�t figure out what my side hustle superpower could be until I stumbled upon options trading. Trading options was something I considered for people with insane levels of intelligence.
financial advisor trading stock options Arkansas The profit from the butterfly position would be maximized at $40.
I bought a single Nikola put contract which did well. My logic for buying the put was that more evidence around Nikola�s fraudulent practices were emerging. I followed this stock for weeks before finally deciding to get started. I still buy Nikola puts to this day and will likely continue buying puts until the stock gets delisted. Due to Nikola�s premiums being higher than the average stock, I buy puts set to expire in 5�8 days. For stocks with lower premiums, I�ll buy options with further out expiration dates. The further your expiration date, the more time you have for the stock to move in your direction. There are a variety of risky options trading strategies such as buying an option on its expiration date that can quickly deplete your money. If you want to give the stock additional time to move in your direction, buy a closer to the money option with a further out expiration date. You�ll pay more for it, but the extra time is worth it. For a guide on what to not do with options, check out the article below. The Riskiest Way To Invest In StocksThis strategy is entertaining to watch but extremely stressful to implementProtect Your Portfolio From Downside With PutsOne of the best ways to buy options is through hedging. If you own shares of a company and are nervous about the short-term outlook, you can buy a put to cap your losses. This strategy is great for a few key reasons:#1: You don�t panic sell or end up selling a stock you wish you held onto. This has happened to me a few times before buying options. #2: If the stock goes down, you can hold onto the shares and eventually sell the put. The put will shield you from most of your losses. #3: If the stock goes up, your put will lose value and eventually expire worthless, but it took off a lot of stress from your shoulders. You could focus on other things instead of worrying about the stock price or panic selling your shares. If the stock price isn�t likely to hit the strike price of your put, you can sell the put early to protect yourself from some of those losses. The protective put that attributed to most of my gains thus far was a protective Fastly put. I bought this put right before Fastly lowered their revenue guidance and the stock tumbled in after hours. I talked more about Fastly�s after hours tumble and explained how I�ve been playing the stock moving forward. The stock went down $33. 48 by the end of the day. My $500 put turned into $3,083. 24 by the time I sold it which shielded my losses by $25. 82/share. So rather than losing $33. 48/share, I only lost $7. 66/share because of the protective put.
professional options trading course options ironshell download Arkansas My Path ForwardTrading options may sound sexy, but it�s pretty tedious.
While at work one day, Suzy reached out, saying he was in Hong Kong with his family (where I was working at the time) and wanted to catch up for a beer.
options trading strategies pdf Arkansas Option traders use these simple strategies when they are confident in the direction and intensity of an upcoming price change.
I was both excited and curious to see what he was up to. After the usual formalities and a beer in, I asked him. He responded by saying, �I trade options for a living. �I was confused. My face resembled a deer in headlights doing a Derek Zoolander impression. He tried to explain the gist of it, but it was way over my head.
options trading on robinhood Arkansas This strategy is great for a few key reasons:#1: You don�t panic sell or end up selling a stock you wish you held onto.
8% instead of 16. 4% (29,753 divided by 96k instead of 186k). But putting these accounting shenanigans aside, let�s see what the more conservative calculation of a 16. 4% return means. If I had invested my $186,000 into the S&P500 last July, I would have gained 5% ($9,300) as that�s the amount the index was up over that period. Just a month earlier, that number would have been in negative territory as the index was lower. In contrast, I locked in my revenue after each options trade was closed. I love that my profit is a real number added to the cash portion in my brokerage account rather than an abstraction based on the market trending higher. Another point to note regarding the capital at risk is that it doesn�t need to be sitting in your account in the form of cash. It will absolutely provide peace of mind if that�s the case, but you can invest it as you like to boost your returns. When I started this a year ago, my broker was paying me 1.
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