If you hang around long enough in the investing or banking communities of New York or London, you’ll soon hear the infamous question: “What’s your number?”. The first time, you answer by rattling off your phone number; then you realize that the question has nothing to do with speaking on the phone.
“Your number” is usually the number at which you have made enough money that you can safely retire and/or leave the business. Once you’ve reached “your number”, you have enough money for a place to live while earning a passive income that covers your expenses and funds a good lifestyle.
At first glance, it would seem that this is a brilliant concept for traders. After all, most Read more [...]