Comments on: More Money = Happiness? http://optiongenius.com/blog/more-money-happiness/ The Option Genius Blog Tue, 15 May 2012 16:09:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: kamlesh http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-4173 kamlesh Mon, 14 May 2012 05:16:00 +0000 http://optiongenius.com/blog/?p=276#comment-4173 it is true. if u r successful u will be able to make other people happy, by doing some charity work and involving your self in social activities. kamlesh it is true. if u r successful u will be able to make other people happy, by doing some charity work and involving your self in social activities.
kamlesh

]]> By: jc http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-3661 jc Mon, 23 Jan 2012 20:35:49 +0000 http://optiongenius.com/blog/?p=276#comment-3661 I agree more money makes me happier.Then again some people say true happiness comes from within.I'm a trader myself and I love seeing my account balance go up on a weekly basis.Make me feel like I'm doing something right.After all that's the point right?To make more money to provide a better quality life of life for you and your family. I agree more money makes me happier.Then again some people say true happiness comes from within.I’m a trader myself and I love seeing my account balance go up on a weekly basis.Make me feel like I’m doing something right.After all that’s the point right?To make more money to provide a better quality life of life for you and your family.

]]> By: Ro http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-3273 Ro Fri, 16 Dec 2011 05:23:09 +0000 http://optiongenius.com/blog/?p=276#comment-3273 More Money=Happiness?? well I dont know. Maybe its not about happiness after a certain point. Maybe its all about winning..I dont know. Sorry, I aint philosophical!! I love my job and love waking up for it..So more money would not mean quitting my day job. I have a great family and I dont think our happiness measure would change with more money.. I trade not for a living, but for the fun of it. I love trading stocks and options. If I win on the trades, I am happy, heck even if its breakeven I aint sad.. More Money=Happiness?? well I dont know. Maybe its not about happiness after a certain point. Maybe its all about winning..I dont know. Sorry, I aint philosophical!!

I love my job and love waking up for it..So more money would not mean quitting my day job.
I have a great family and I dont think our happiness measure would change with more money..
I trade not for a living, but for the fun of it. I love trading stocks and options. If I win on the trades, I am happy, heck even if its breakeven I aint sad..

]]> By: Keith Harrison http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-2589 Keith Harrison Sat, 17 Sep 2011 23:47:14 +0000 http://optiongenius.com/blog/?p=276#comment-2589 David Brooks sometimes says some sensible things but he is sometimes the dullest writer on the planet. My answer to this question about money and happiness is simple: Chalk and cheese, chalk and cheese. You cannot put a figure on Happiness v. Money or Good Relationship v. Money.. They are two utterly different phenomena. Take a single person, with a cat.. Would he or she be happier with a lot of money than with a little? Again, a silly question. Best to put it another way. Scads of money doesn't necessarily make you happy. Take Richard Fulk. I have never seen an unhappier looking man - nor Grover Norquist, for that matter. Norquists has lost the bioligical ability to smile (if he ever had it). Everything is dead serious, with the accent on the first adjective. So the question should be: all other things being equal, is it more gratifying to have enough money to get by or to be down and out, as so many Americans are RIGHT NOW? The answer is a no-brainer, surely. Money opens up possibilities so that, should you want to, you can eat - go to a conference on Lepidoptera in Iceland. You might be as unhappy as hell in either situation. You might be unhappy anywhere. But the point is you would be somewhat more miserable if you wanted to eat, or go to the conference and couldn't because you were broke. Money won't buy a good relationship. Lack of money tends to harm a good one, partly because you worry about money all the time - and that's puts anyone off, including yourself. The only way to have a good relationship is to find a good partner and love the bejusus out of him or her. Money might be a minor help in the relationship. But it sure as hell isn't minor if you want to go to that conference. I know. I just had to turn down the invitation because I was broke. It makes me madder than hell. That's why I signed up with the option genius. I don't want happiness (a really stupid aim). I want some more cash. Not a lot more. Just some - you know, about 1000 per month. Desire for anything more would be greedy. Poor Richard Fulk: he is unhappy, greedy, rich and still, like Richard Murdoch, hungry. Their hunger can never be satisfied. They are 'rich' and they are in hell. For myself, I can live on very little. But a little more would be very useful. I ciould get my grandson a better guitar, instead of saving, and saving, and getting it to him posthumously! David Brooks sometimes says some sensible things but he is sometimes the dullest writer on the planet. My answer to this question about money and happiness is simple: Chalk and cheese, chalk and cheese. You cannot put a figure on Happiness v. Money or Good Relationship v. Money.. They are two utterly different phenomena. Take a single person, with a cat.. Would he or she be happier with a lot of money than with a little? Again, a silly question. Best to put it another way. Scads of money doesn’t necessarily make you happy. Take Richard Fulk. I have never seen an unhappier looking man – nor Grover Norquist, for that matter. Norquists has lost the bioligical ability to smile (if he ever had it). Everything is dead serious, with the accent on the first adjective.
So the question should be: all other things being equal, is it more gratifying to have enough money to get by or to be down and out, as so many Americans are RIGHT NOW? The answer is a no-brainer, surely. Money opens up possibilities so that, should you want to, you can eat – go to a conference on Lepidoptera in Iceland. You might be as unhappy as hell in either situation. You might be unhappy anywhere. But the point is you would be somewhat more miserable if you wanted to eat, or go to the conference and couldn’t because you were broke.

Money won’t buy a good relationship. Lack of money tends to harm a good one, partly because you worry about money all the time – and that’s puts anyone off, including yourself. The only way to have a good relationship is to find a good partner and love the bejusus out of him or her. Money might be a minor help in the relationship. But it sure as hell isn’t minor if you want to go to that conference. I know. I just had to turn down the invitation because I was broke. It makes me madder than hell. That’s why I signed up with the option genius. I don’t want happiness (a really stupid aim). I want some more cash. Not a lot more. Just some – you know, about 1000 per month.
Desire for anything more would be greedy. Poor Richard Fulk: he is unhappy, greedy, rich and still, like Richard Murdoch, hungry. Their hunger can never be satisfied. They are ‘rich’ and they are in hell. For myself, I can live on very little. But a little more would be very useful. I ciould get my grandson a better guitar, instead of saving, and saving, and getting it to him posthumously!

]]> By: Genius http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-2464 Genius Thu, 07 Jul 2011 14:34:19 +0000 http://optiongenius.com/blog/?p=276#comment-2464 Number 1. You dont play with money you can't afford to lose. If you need to pay the rent, you need a job not a trading account. Sorry but that is just the way it is. Number 2. I lost money in May 2010 but it was less than 50%. And I lost that, not because of the flash crash but because I got greedy and did not exit my trades when I was up money. I could have had a decent month and avoided the whole flash crash thing altogether. Number 3. You dont put 100% of your money into iron condors or any one asset class. Hedge your bets. Good luck in your quest to find the holy grail. Number 1. You dont play with money you can’t afford to lose. If you need to pay the rent, you need a job not a trading account. Sorry but that is just the way it is.

Number 2. I lost money in May 2010 but it was less than 50%. And I lost that, not because of the flash crash but because I got greedy and did not exit my trades when I was up money. I could have had a decent month and avoided the whole flash crash thing altogether.

Number 3. You dont put 100% of your money into iron condors or any one asset class. Hedge your bets.

Good luck in your quest to find the holy grail.

]]> By: M http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-2462 M Thu, 07 Jul 2011 02:37:40 +0000 http://optiongenius.com/blog/?p=276#comment-2462 My thoughts on money (and paying the rent): I was laid off 8 months ago, haven't succeeded in obtaining employment, need an income, have recently opened and funded my thinkorswim account, and am studying trading iron condors (your specialty) and how to adjust them when the underlying approaches one of the sold legs. One little problem: May 2010, IE the next FLASH CRASH cometh and nobody knoweth when. Check out the April / May 2010 performance of a few dozen of your competitors (several website names removed) and notice that ALL these iron condor advisories lost between 70 to 100% in April / May of last year. Wow am I ever excited to trade I.C.'s and wipeout my life savings in the next debacle / computer glitch or what?!?!? Do I sound angry? I sure hope so! How did you do in May 2010 and what is your solution for a person to achieve the 8% a month return that you state without losing 90% of his or her life savings in the next wipeout / meltdown / debacle / flash crash / computer glitch / wall street bullshi_??? When it's the first of the month and the rent money is due, philosophy doesn't pay my bills. Cash alone does. The 1 to 9 reward to risk ratio of I.C.'s is a drag. I am not willing to risk 90% of my life savings to make 8% a month unless I find an acceptable solution to the dilemma above. I await your response. Sorry about the hostility. Its focused towards wall street and the clueless regulators, not you. ~ M My thoughts on money (and paying the rent): I was laid off 8 months ago, haven’t succeeded in obtaining employment, need an income, have recently opened and funded my thinkorswim account, and am studying trading iron condors (your specialty) and how to adjust them when the underlying approaches one of the sold legs. One little problem: May 2010, IE the next FLASH CRASH cometh and nobody knoweth when. Check out the April / May 2010 performance of a few dozen of your competitors (several website names removed) and notice that ALL these iron condor advisories lost between 70 to 100% in April / May of last year. Wow am I ever excited to trade I.C.’s and wipeout my life savings in the next debacle / computer glitch or what?!?!? Do I sound angry? I sure hope so! How did you do in May 2010 and what is your solution for a person to achieve the 8% a month return that you state without losing 90% of his or her life savings in the next wipeout / meltdown / debacle / flash crash / computer glitch / wall street bullshi_??? When it’s the first of the month and the rent money is due, philosophy doesn’t pay my bills. Cash alone does. The 1 to 9 reward to risk ratio of I.C.’s is a drag. I am not willing to risk 90% of my life savings to make 8% a month unless I find an acceptable solution to the dilemma above. I await your response. Sorry about the hostility. Its focused towards wall street and the clueless regulators, not you. ~ M

]]> By: MERRILL http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-2452 MERRILL Sun, 03 Jul 2011 01:25:11 +0000 http://optiongenius.com/blog/?p=276#comment-2452 The meaning of everything is the meaning that I give it. This may be said by each of us. If money means happines to one and not to another that is the meaning givin to it by that person. Money to me is a tool to be used to trade for things in life that are of value to my family and myself. I trade for the fun and challenge of the trade, when one is succesful in a trade it can be very rewarding. Merrill The meaning of everything is the meaning that I give it. This may be said by each of us. If money means happines to one and not to another that is the meaning givin to it by that person. Money to me is a tool to be used to trade for things in life that are of value to my family and myself. I trade for the fun and challenge of the trade, when one is succesful in a trade it can be very rewarding. Merrill

]]> By: Phoebe http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-2293 Phoebe Sun, 29 May 2011 19:08:11 +0000 http://optiongenius.com/blog/?p=276#comment-2293 As I understand it, from I think it was the book "Thrive: Finding Happiness the Blue Zones Way", happiness caps out at about $75,000 a year, depending on where you live and what the cost of living there is. Ways to increase your happiness that are not related to money are engaging, diet, exercise, and being around other happy people. You increase your happiness drastically by doing things such as joining a club of some sort that requires attendance at least once a month and also, surprisingly, I believe the statistic is that your happiness increases by about 34% if you have a happy neighbor. http://www.thehawnfoundation.org/ The Hawn Foundation is an organization that works with children to help them learn "happiness skills" One of the focuses of the "Mind Up" program is helping children develop empathy, which in turn increases their own happiness. Increasing empathy, in my opinion, is a good place to start if I want to encourage people to contribute to charities all over the world. If we can't identify with other people, we will not be inclined to help them. Thank you for encouraging people through this site and your services to help others. Keep raising the bar! As I understand it, from I think it was the book “Thrive: Finding Happiness the Blue Zones Way”, happiness caps out at about $75,000 a year, depending on where you live and what the cost of living there is. Ways to increase your happiness that are not related to money are engaging, diet, exercise, and being around other happy people. You increase your happiness drastically by doing things such as joining a club of some sort that requires attendance at least once a month and also, surprisingly, I believe the statistic is that your happiness increases by about 34% if you have a happy neighbor.
http://www.thehawnfoundation.org/ The Hawn Foundation is an organization that works with children to help them learn “happiness skills” One of the focuses of the “Mind Up” program is helping children develop empathy, which in turn increases their own happiness.
Increasing empathy, in my opinion, is a good place to start if I want to encourage people to contribute to charities all over the world. If we can’t identify with other people, we will not be inclined to help them.
Thank you for encouraging people through this site and your services to help others. Keep raising the bar!

]]> By: Genius http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-1835 Genius Fri, 04 Mar 2011 19:26:49 +0000 http://optiongenius.com/blog/?p=276#comment-1835 Glad you liked it. But please dont compare me to God. I am not even a genius. That's just the name of the site. We went through a whole bunch of names, but this was the most catchy for which the domain name was still available. :). The other one was optiongeneral.com but that just didnt sound right. Glad you liked it. But please dont compare me to God. I am not even a genius. That’s just the name of the site. We went through a whole bunch of names, but this was the most catchy for which the domain name was still available. :) . The other one was optiongeneral.com but that just didnt sound right.

]]> By: Ainsley http://optiongenius.com/blog/more-money-happiness/comment-page-1/#comment-1831 Ainsley Fri, 04 Mar 2011 04:51:28 +0000 http://optiongenius.com/blog/?p=276#comment-1831 I often felt that you were some kind of ego maniac for labeling yourself "optiongenious". But, for this article alone you're "option god". It's super; thanks for sharing. Ainsley. I often felt that you were some kind of ego maniac for labeling yourself “optiongenious”. But, for this article alone you’re “option god”. It’s super; thanks for sharing.

Ainsley.

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