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10-04-2013, 05:34 PM
musicwhiz - a nice dose of luck (right place right time) and a couple of career moves off the beaten track made the difference for me. i started in a very comfortable role at Shell but decided to venture out anyway.
cfa - sadly I never completed my cfa, I passed lvl 1 and stopped after that! i spent a career trading various things (oil/freight derivatives, oil options, physical oil of all types, physical tankers, power plants, you name it) so I am very comfortable managing my own money. Am not a true-blue value investor as it is really not my personality, but the intelligent type of risk management advocated by people like Howard Marks and Nicholas Nassim Taleb I admire very much. I have invested in a few private businesses as well where I am the controlling shareholder and so I guess I do work part-time (checking the company finances, strategising, etc). I set aside time to network with friends/associates from all walks of life to get a sense of where the money is going/new trends appearing/potential start-up business ideas.
My sources of income basically come from a) dividends (majority of my income) b) coupon payments from bonds (v little of this at the moment as I think bonds are just not worth the risk) and c) director fees from my own companies (i keep this low as it is not tax efficient).
cfa - sadly I never completed my cfa, I passed lvl 1 and stopped after that! i spent a career trading various things (oil/freight derivatives, oil options, physical oil of all types, physical tankers, power plants, you name it) so I am very comfortable managing my own money. Am not a true-blue value investor as it is really not my personality, but the intelligent type of risk management advocated by people like Howard Marks and Nicholas Nassim Taleb I admire very much. I have invested in a few private businesses as well where I am the controlling shareholder and so I guess I do work part-time (checking the company finances, strategising, etc). I set aside time to network with friends/associates from all walks of life to get a sense of where the money is going/new trends appearing/potential start-up business ideas.
My sources of income basically come from a) dividends (majority of my income) b) coupon payments from bonds (v little of this at the moment as I think bonds are just not worth the risk) and c) director fees from my own companies (i keep this low as it is not tax efficient).