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Living entirely off the stock market

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wkirumba		#1 Posted : Monday, May 11, 2015 11:02:40 AM
Rank: Hello Joined: 11/20/2013 Posts: 2		Is it possible to live entirely off the stock markets and what does it entail?
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maka		#2 Posted : Monday, May 11, 2015 11:28:02 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? Yes... possunt quia posse videntur
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mazingira		#3 Posted : Monday, May 11, 2015 11:36:12 AM
Rank: Member Joined: 10/26/2012 Posts: 136		wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? Depends on several factors , do you live in a village , do you live in a city , what is your current average monthly expenditure. If you want to live a good life where say you can have disposable income of 500,000 after tax every month you need 6,000,000 shillings a year. on a fixed deposit you will need to have about 80,000,000 shillings . For stocks with an average dividend of 3% on the lower side would be able to pay you this . If this was my only source of income i wouldn't bet it all on stocks firstly secondly i would have to put in about a 10 % buffer to cushion me from shocks example a company failing to pay dividend. The best bet would be if you have 220 million to divide it into 2 or 3 , stocks and fixed deposits or stocks fixed deposits and real estate ( but not rental).
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agile		#4 Posted : Monday, May 11, 2015 11:49:46 AM
Rank: New-farer Joined: 1/9/2015 Posts: 19 Location: NAIROBI		wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? Yea....but it all boils down to position sizing and how accurate is your wagers...a +64% aggregate gain on all your positions is a decent liveable return. your monthly budget must also come into focus when entering a trade, lest the bills come calling when the payoff aint in sight.....all the best
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chiaroscuro		#5 Posted : Monday, May 11, 2015 11:59:18 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? YES! It entails becoming a stockbroker.
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subaru		#6 Posted : Monday, May 11, 2015 12:32:22 PM
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie		chiaroscuro wrote: wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? YES! It entails becoming a stockbroker. well said
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winmak		#7 Posted : Monday, May 11, 2015 1:34:30 PM
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru		chiaroscuro wrote: wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? YES! It entails becoming a stockbroker. Nice one For investors as a whole, returns decrease as motion increases ~ WB
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Sevian		#8 Posted : Monday, May 11, 2015 2:20:19 PM
Rank: New-farer Joined: 4/8/2015 Posts: 42		mazingira wrote: wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? Depends on several factors , do you live in a village , do you live in a city , what is your current average monthly expenditure. If you want to live a good life where say you can have disposable income of 500,000 after tax every month you need 6,000,000 shillings a year. on a fixed deposit you will need to have about 80,000,000 shillings . For stocks with an average dividend of 3% on the lower side would be able to pay you this . If this was my only source of income i wouldn't bet it all on stocks firstly secondly i would have to put in about a 10 % buffer to cushion me from shocks example a company failing to pay dividend. The best bet would be if you have 220 million to divide it into 2 or 3 , stocks and fixed deposits or stocks fixed deposits and real estate ( but not rental). Not to divert from the topic... why not rentals?
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mazingira		#9 Posted : Monday, May 11, 2015 2:29:09 PM
Rank: Member Joined: 10/26/2012 Posts: 136		Sevian wrote: mazingira wrote: wkirumba wrote: Is it possible to live entirely off the stock markets and what does it entail? Depends on several factors , do you live in a village , do you live in a city , what is your current average monthly expenditure. If you want to live a good life where say you can have disposable income of 500,000 after tax every month you need 6,000,000 shillings a year. on a fixed deposit you will need to have about 80,000,000 shillings . For stocks with an average dividend of 3% on the lower side would be able to pay you this . If this was my only source of income i wouldn't bet it all on stocks firstly secondly i would have to put in about a 10 % buffer to cushion me from shocks example a company failing to pay dividend. The best bet would be if you have 220 million to divide it into 2 or 3 , stocks and fixed deposits or stocks fixed deposits and real estate ( but not rental). Not to divert from the topic... why not rentals? Unless you already own property buying to rent for me is a bad idea. You will not be able to dispose of a property easily at the price you unlike stocks and fixed deposits. Then investing 20 mn in a property and renting for even 100k is silly coz theres VAT rates lawyers fees rent collections how much do u get. Its vetter to invest in non rental. Also if you think that property will appreciate indefinitely this is not going to happen
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whiteowl		#10 Posted : Monday, May 11, 2015 4:59:41 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		Yes it's possible but you must factor in your personal expenses vs the gains you are making.You should have a significant amount possibly in 6 digits or more so that the gains you make are big enough to cater for your upkeep when you aren't trading(during a bear) .
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