Stock Investment or Starting a Business

D

Dshon02

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Jan 7, 2020
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Hello,

At the Academy, I am wondering if cadets can start their own business? I have heard that they can not so I wanted to double check. Also, are cadets allowed to invest in stocks or is that also not allowed? Thank You!
 
Dshon02 said:
Hello,

At the Academy, I am wondering if cadets can start their own business? I have heard that they can not so I wanted to double check. Also, are cadets allowed to invest in stocks or is that also not allowed? Thank You!
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Not an exact answer but when I toured a different academy a firsty I had the opportunity to shadow showed me that he had earned 60k in stock trading during his plebe year. He also scored perfect on the SAT and was one of the most intelligent and friendly people Ive met, no wonder he was at an academy. What a great asset to our military intelligence and operations upon graduation.

If you want to stay on top of stock trading at an academy you probably will need to be around his level of genius, as the course load and academy experience will fill up most time from what I have been told.
 
I think stock trading is fairly common in the cadet ranks. Many of the upperclass cadets take the career starter loan and invest all or part of it in stocks. Since they are paying extremely low interest rates on the money, it doesn’t take much market savvy to make good returns doing that. My son invested all of his along with part of his cadet pay and graduated with a very nice nest egg.

Stealth_81
 
Stealth_81 said:
I think stock trading is fairly common in the cadet ranks. Many of the upperclass cadets take the career starter loan and invest all or part of it in stocks. Since they are paying extremely low interest rates on the money, it doesn’t take much market savvy to make good returns doing that. My son invested all of his along with part of his cadet pay and graduated with a very nice nest egg.

Stealth_81
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DS is doing exactly the same thing with his COW loan and part of his base pay. It’s a great start on his investment future!
 
The only business problem in a pandemic is financing. In my country, the state does not support business as much as in other countries. A lot of people went bankrupt and lost their customers.
 
LimbiSips said:
The only business problem in a pandemic is financing. In my country, the state does not support business as much as in other countries. A lot of people went bankrupt and lost their customers.
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Many companies losing business or going bankrupt isn't the same as losing money in the stock market though. I'm sure some made fortunes (in the USA) from options in March 2020.
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Earning $60k in stock trading during plebe year while managing the academy’s course load is no small feat! It’s definitely inspiring to see someone balance such high academic and financial achievements. I’ve heard the same thing about academy life being all-consuming, so taking on stock trading must require some serious time management skills—or like you said, maybe a bit of genius!
 
The story about that firsty is impressive—earning $60k in stock trading as a plebe? That’s dedication and some serious skill. For most of us, though, finding time to keep up with the market between classes and other academy demands would be tough. Personally, I've been exploring different side hustles, like selling CS:GO skins.

I know, not nearly as high-stakes, but it's actually pretty fun and a quick way to earn some cash when you can sell csgo skins instantly. It’s way less complicated than tracking stocks, and there’s still a bit of strategy involved if you know the market trends for certain skins.
 
This thread is from 2020 and the OP hasn't posted since 2021, so likely long gone from here. Earning $60k from investment income is missing a key figure of how much they were working with. IF someone inherited money from their parents and has $2M in their portfolio, then making $60k (or more) would be easy to do just buying CD's. Studying the markets doesn't guarantee anyone a better return and even financial advisors/investment firms who do this full-time for a living have up as well as down years based on how the markets move.
 
It depends on your goals and what you enjoy more. Stock investments are great if you want something passive. You invest your money, research the companies or ETFs, and let it grow over time. The market can be unpredictable, though, so there’s some risk involved. But it’s an excellent option if you prefer a hands-off approach.

Starting a business, on the other hand, gives you more control. You’re building something of your own, which can be exciting and rewarding.
If you’re leaning toward investing, you could explore trading too. Platforms like My Funded Fx Discount code give access to tools and funding, which might help you start without too much risk.
 
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