Maserati wrote:
In my case, market downturns seem to have coincided with big changes in my life outlook: '87, transitioning from military to civilian; '00, international move; '08, Bolt jogging to 100m gold.
I am on the verge of another international move and re-alignment, so SOMETHING will happen. Honestly, I had just decided before the election, thereby setting the wheels in motion. Trump winning was the first sign.
BTW this move will be bigger than the others, so I expect the resulting market devastation to be greater, also.
agreed - best of luck on the move.
In the spirit of this convo, Here's my story of movement in the securities business.
2001: Finish MBA, start work as analyst at a short-only hedge fund. Proceed to stay there for 7 years, fighting a bull market every day, every month, every year. Not rewarding work. Incredibly frustrating.
2007: I've had enough! I quit the short only hedge fund and go off on my own as a trader. Of course within weeks the market collapses. I lose my job. if I had stayed at the short only hedge fund I could have done ah much better.
2008: I start by financial advisory biz at the bottom of the market. I was literally the last guy in the door before they started firing/letting go dead wood. This sounds rough but it was the the good move in the story. In 2008/9 many many people hated their advisors and were eager to move. The crisis made my first years easier. And of course every one of my clients has seen only gains with me - 8 or 9 straight years.
So I am kicking myself for bailing on the hedge fund a year yearly, but it all worked out.