"After the dot-com shut down, 2003, I made $1M in the stock market. Lost most of it afterwards"
TLDR: the person in question's advice is best ignored because he is in need of serious psychological help.
No I am not being sarcastic.
What's wrong with this guy? A complete lack of common sense and grasp of reality. After having lost $1M and failing to find a job, rather than go broke and become transient, he could have applied to something like Trader Joe's or Costco and worked his way back up to financial stability. There's plenty of opportunity for skilled labor, especially skilled labor willing to learn hot skills as they emerge.
But don't take my word for it, read the story of his ongoing legal travails with his family. The root cause here is psychological, not financial.
TLDR: the person in question's advice is best ignored because he is in need of serious psychological help.
No I am not being sarcastic.
What's wrong with this guy? A complete lack of common sense and grasp of reality. After having lost $1M and failing to find a job, rather than go broke and become transient, he could have applied to something like Trader Joe's or Costco and worked his way back up to financial stability. There's plenty of opportunity for skilled labor, especially skilled labor willing to learn hot skills as they emerge.
But don't take my word for it, read the story of his ongoing legal travails with his family. The root cause here is psychological, not financial.