Young guy, looking for advice on where to go next.

[TheProdigy]

Hey guys,

Ok so I will give some background. I just turned 19, and am looking for where I should go with a degree to best supply me in the future. I play 2/4nl+ right now, and am getting better and making decent money. Let's assume I will make 6figs every year from poker(This is a very low estimate, I make like 40k in bonuses because I play a lot). Let's also assume I have 6 figures in cash/stocks. I don't invest much right now because I am lost in the stock market and am (probably incorrectly) trying to just learn some stuff first.

So knowing these things, what should I try to lean towards for my 4 year degree in college?

Some more notes:

*I am at a crappy college. It is called Morehead State University, it is in Kentucky. It is mainly known for education and music.
*I am on a full ride, so I have no expenses for the next 4 years, meaning I can save a looott of money by graduation.
*I would like to trade on the markets, and realize it takes a long time to learn this, but I want to put in the time to learn.
*I am currently in the Finance program. I have taken a couple Finance classes and a Business Mngt class. Next semester I will have more finance and some economics classes.
*I would eventually like to diversify my investments into parts of a business or real estate as well.


So where do I go now? What should I do for the time being? How can I learn more about the markets? I assume to be a successful trader I would have to basically finish all 4 years of college to get enough knowledge on the specific subject, if not more, so I should probably start learning more about them on my own. Is my degree what I want? I'm not sure if I want to play poker my whole life, but I want to be something with no boss and flexible hours, so I assume if I can save a lot of capital then playing poker sporadically + passive income from investments + maybe more income from real estate + income from day trading = good to go?


Thanks! Hopefully I can get some good advice!

[gordongecko]

Day trading is a full time job if you want to do it right, so if your thinking something more passive then look at real estate. You can put 20% down on a decent SFH in your area pretty easily, and have a property management company do all the work. College towns are always pretty stable for rental property, so that may be your best route.

[TheProdigy]

Well,

I could do day trading in the future as a full-time job, I wouldn't mind this.

I don't understand your real estate terminology, so I will look up some things on that and see if I can figure out what is going on there [img]/images/graemlins/smile.gif[/img]


For the college towns thing: I would rather rent in my hometown. I could do it in the college town obviously, but I would like to eventually return to my hometown. It is a small town but we just recently built a new highschool and we have a college within 12 miles or so, so I may consider there eventually. Obviously it looks like I will have to wait a while regardless so I can learn about real estate and how to invest/etc in it, as I don't know anything about it right now.


Also, what kind've long-term returns can one expect to see from investing on the markets? I would do a mixture between long-term and short-term investments in my profile, so not fully day trading but not just letting all of the money sit there. If I did this what kind've returns could I expect after a couple years of doing this? (I am planning on really getting into investing soon and then I will have 4 years of working on it so I am wondering what kind've returns I could look at getting once I got out of college and was 4 years deep into the markets)

[TheProdigy]

So no one else has any advice for what I may look at doing to improve my chances of really being set for life?

I am just looking for ideas on what I should do in my situation, I can look up all the details I am just wondering if anyone knows any good ideas for what I should study/research.

[chesterboy]

Real estate is the way to go. You are in a position to save large amounts of money. Just buy some property and grow your money. Use small amounts for riskier stuff like trading. It is really hard to make money trading for most people.

[Ps3tn0NcYk]

Engineering or Science degree. With a specific focus on EFFICIENT data mining, genomics, or space travel.

As a 19 year old in a 3rd tier college "financial engineering" is probably too high of a goal.

Learn how to make something, or make something better, and you will be set for life. Or take the easy money and learn Arabic.

[pig4bill]

[ QUOTE ]
How can I learn more about the markets? I assume to be a successful trader I would have to basically finish all 4 years of college to get enough knowledge on the specific subject, if not more, so I should probably start learning more about them on my own.

[/ QUOTE ]

It's unlikely you will learn anything at all about trading in college.