So who is "Stock Market Nomad?"
My name is Ali Booth, and I came up with the idea of "Stock Market Nomad" after some recent experience trading stocks online. I've always wanted to travel the world, but such a trip seemed financially out of reach...
After trading stocks online for some time, I realized that, with some good timing and careful stock selection, one can often make a trade that results in a 3 to 5 percent gain over the course of a few days. Now, let's say that one had invested $20,000. 3 to 5 percent of that would be $600 to $1000. Then the idea hit me - in many parts of the world, that's enough money to last at least a few weeks as a backpacker! I could literally finance a backpacking trip by trading stocks online from Internet cafes along the way.
The actual stock trading wouldn't take very long either - a few hours to select stocks to keep an eye on, and if the timing is right, another couple of hours to set up trades with an online broker. After that, I could travel around, see the sights, and check daily email updates to see how I did. If things go well, I might already have the cash to finance a future part of the journey!
So that's the idea. There's still a lot between now and then that I need to do to make it a reality! Until then, I'll keep you posted as I plan my trip, study up on stock trading techniques, and tell you about some of the places I've already been during my adventures with the US Navy.
