Was about to say….most of us have done similar. Couple years back, I opened up a second account. My ‘Trading Account’. Was gonna trade my way to quick riches I was. LOL
Two years later, I closed the ‘trading account’. And moved what funds where left into physical….and the ‘Ment, Buy and Hold Account’. Even in a bull market….I just could not seem to get it right, the trading thing.
Good to hear some of your advice, has been put to good use, that some, have reaped rewards. Dont know about having the ‘balls’, or for that matter, even a lot of brains…but this market will test one’s patience, as trial by fire. Hope your friend will think it through a little ‘deeper’, and decide to acquire some stuff for the ‘longer haul’.
Best to you this evening, Farmboy