#137: MY PLAN TO GROW AND RETIRE RICH
- Tomáš Nesnídal
- May 21, 2019
- 2 min read
Money makes money.
That’s the whole secret behind growing and retiring rich.
If you have nothing, it’s hard to create at least something.
But if you have at least something, it’s way easier to make that little something grow.
I’ll be honest with you - I don’t want to keep working forever.
I want to retire in a few years.
Rich, financially secured forever. So I can just keep traveling and giving meditation classes and retreats as a hobby.
So when I started thinking about how to do that a few years ago, the best I could come up with was... managing other people’s money and then keeping part of the profit.
Because money makes money. And if I manage a big pool of money, then all I need is a few good years.
That’s how my hedge fund launched. (And so far everything has been working according to plan). To get extra leverage, to speed everything up.
But of course, this could never be done without more than 10 years of previous experiences. With an insane amount of research. With hundreds of thousands of dollars paid for my mistakes. With a lot of failures, that fortunately lead to a lot of “aha” moments I had to get to become a winner.
And that ultimately led to some cutting-edge techniques and solutions too.
The ones I’m most proud of are my super-tough, innovative robustness testing (which I share in the Breakout Strategies Masterclass), the Trading Market Internals technique to reduce drawdowns, and this ultimate position sizing hack to multiply profits.
Hopefully, these will help me retire in just a few years.
And to you, I wish, of course, the same.
Happy trading!
Tomas
