It's been a busy day because I would take half a day off on Thursday to go to support US Men's National Team in Quarter Final of Copa Centenario at Centurylink Field. The weather report kept indicating the rains to come during the match, but I did cross fingers to hope a clear sky, at least, not raining then.
Matches at Group Stage had ended, so there wasn't anyone on this Wednesday. Matches of Euro Cup16 were all played in the morning and I didn't have appetite to catch replays. There are hundreds of soccer matches being televised live each year, it's less entertaining to watch the replays. Being high school students back in early 80s, I and my buddies constantly talked about two things with excitement daily: one was girls, another was soccer.
Coming back from the gym, I planned to write my diary. My son came to the study room to ask me about stocks. I started giving some lectures about basic trading knowledge. Unfortunately, Ameritrade account wasn't accessible due to system glitch. I opened an account several years ago by the name of my LLC with the purpose of establishing hedge fund as soon as I would get my compensations for my property in Beijing my parents acquired under my name in early 90s. As I shared, the initial estimate 8 years ago was still no less than 2 million but the settlement they convinced my Dad to accept when they asked him to go back to Beijing to nail the deal down two years ago became 600K. After the approval process of payment went to the last bureaucratic organization - National Land Administration, the assessment company it hired refused to put the rubber stamp on. So, the settlement has never been executed. I am pretty sure they are playing the game with us. With 600K, I can build up a hundreds millions portfolio with my son in 10 years, I am confident. I filmed the clip in 2004 when I went back to Beijing to visit my parents and my son. The property was still very beautiful then. Another clip filmed in our front yard in the same year in Seattle happened to be stored in the same disc just right after the one filmed in Beijing. Yes, the houses in Seattle are much more beautiful for sure.
However, I was able to access my IRA account at ETrade to show my son how a stock account looked like and bragged my 40 times gains in this account since it was opened in 1998. Meanwhile, I explained why frequent trading could make 20K as millions because of the quick turnovers. Even he makes 2%, he still can get tens of thousands dollars a year realistically if he will ensure to lock the profits and cut the loss decisively. I also asked him to start paying attention to financial news on CNBC and other media. Taking three economics classes in the first two years also helps him understand the financial world, I could tell it while he was talking. He should learn more financial concepts.
Ok, I was tired and would have a lot to wrap up before going to the match on Thursday, so I stopped the conversation with my son and went to bed. It's why I am still catching up the diary for Wednesday at 12:36 AM on Saturday now...
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