In 2008, Simon Ree lost a "life changing sum of money" in the global financial crisis. While devastating to his financial security, this experience was later utilized to develop a better way of navigating financial markets. Today on The Prosperity Perspective, Simon joins host Liam Leonard to share some of his findings–particularly, the myths that Wall Street tells us.
The first myth: a 10% return per annum is a fantastic return. Simon argues that this is not the case, and that depending on where you are in your wealth journey, 10% per year is not likely to be life-changing. Another key tenet of Simon's teachings is the importance of compounding. By compounding on a monthly basis, you can create life-changing returns well within a ten year period.
Understand that if you are thinking about engaging in trading, it is best to start small. As a trader, it’s important to reduce the emotional impact that losses can have on your mindset and trading decisions. Simon shows how to begin with a sum of money that if lost, wouldn't affect your ability to pay the rent or put food on the table.
Hear his breakdown on these topics and more as Simon shares his passion for helping others with his knowledge, and discover how his unique system for trading options that he teaches through his online course, The Tao of Trading, can help you.
3 Key Takeaways
Resources
Trading in the Zone by Mark Douglas et al
Visit taooftrading.com/prosperity to access the first chapter of his book and training courses at a heavy discount!
About Simon Ree
Simon has three decades of experience as an active trader, investor, and financial markets professional. He previously held senior positions with Goldman Sachs in Australia and Citibank in Singapore before deciding to focus on trading full-time in 2017.
His vision is to help people live more creative, joyful, and inspired lives by alleviating the burden of financial stress that weighs so many people down.
His mission is to revolutionize the way finance is taught by shattering long-held myths that have been perpetuated by Wall Street.
He is the founder of taooftrading.com, an online education company that has helped hundreds of aspiring wealth-builders learn how to use the financial markets to generate the prosperity they desire.
Simon is the author of the Amazon #1 best-selling book The Tao Of Trading – How To Build Abundant Wealth In Any Market Condition.
In addition to trading, Simon is a certified Jeet Kune Do instructor. He lives in Singapore with his family.