7million7years-What vehicles did you use to obtain your wealth. I.E- any day trading, currencies,futures,etc..

Want to know did you only invest in stocks and options. Or did you use futures,currencies,commodities. I am a fairly new trader of about year and have been earning my income trading currencies but would like to expand my wings to trade other markets and want to know what you have done

Answers

DaveDiggz answered a question in General Market.
787 points

DaveDiggz answered one year ago …

You should check out his blog - he's pretty open and talks a lot about his life there:

http://7million7years.com/

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rvilmur answered a question in General Market.
952 points

rvilmur answered one year ago …

The bulk of my wealth has come from stocks and options. My best plays were in Canadian junior gold stocks that grew up. Next best are the Canadian Energy Trusts who pay out huge dividends and quite a bit of capital gains since I got in early. In options, I have made money writing calls on my stocks and also outright put and call purchases. My best trading stock for options has been AAPL.

I have made more than 100K in trading commodites and options on commodities; so that puts this catagory in third place. Most of the money was made in gold and silver contracts and options.

I have dabbled in Forex and made some money but backed away because of the time consuming nature of the trading. i.e. stocks and commodities take less attention.

In stocks, the best gains are made in proper forecasting of future trends. My current mania is the change to the next generation of internet equipment where huge data transfers will be made to move video and audio files. My current candidate for revolutionizing the internet is a micro company called Raptor Network Technology Inc (RPTN). Research it and make your own decision. My hope is that in a few years it will not be safe to just buy CISCO internet equipment.

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7million7years answered a question in General Market.
699 points

7million7years answered one year ago …

Thanks Dave! Your commiss. check is in the mail :)

You should also check out my new site ... I'm looking for 7 people to 'nudge' towards the magic (multi)million mark for an upcoming book and/or documentary ... it's free for a lucky 7 Millionaires ... In Training!

You can find it at: http://7m7y.wordpress.com/

... but, to answer caramel's question: stocks, options, real-estate, currency, businesses (BTW: I put ALL trading activities in the class of 'businesses' .... it's not the 'investing' part of your portfolio; it shoudl be the cash-generating 'risky biz' part of your portfolio ... check out my blog for where to put the proceeds). Good Luck, mscaramel!

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