The whole thing the dumbass said made no sense, it is better to invest in yourself? wtf? Sounds like someone who has no money. Were would you put what you can't invest in you? Is there something else that averages 10% or better annually were you don't have to "work it" every day? What you said just makes no sense, sounds like a post made from a hood rat with enough info to be dangerous!
Closest thing to an intelligent remark you have made in this thread. It brought up some things that I could have been better at clarifying.
I should have qualified my statement with something like "Unless you have a solid business working for yourself and no need for that cash flow to grow your business" then I think investing in yourself will provide a better return than investing in the stock market.
I ran a derivative hedge fund focused on Arbitrage after I left floor trading. I made a lot of money doing that until I closed the fund and returned investors capital, because a very good friend dropped dead in front of me and left 2 kids and a wife at age 33. I saw a lot of myself in him and it scared me since my first child was born the next day. Regardless, I felt qualified to state that Wall Street in general rips off its customers.
I can also pretty much state that if you are seeking 10% returns then you are either a lifetime employee hoping to retire or you don't have enough capital to know where to look for real returns. Angel Investing, Oil & Gas Wells, LBO firms, Foreign Exchange, Hedge Funds, Collectibles & Art, Precious Metals, Real Estate the list goes on.
As I am sure you are aware Markowitz proved beyond a shadow of a doubt that taking more risk does not necessarily mean the volatility of returns will increase, that in fact more risk means higher returns and lower volatility of those returns.
Regardless, my take was and continues to be that if someone was asking for trading advice on a forum on the internet that is about making money online then the best investment that person was likely to make (no idea who the OP is, he might not be in this category) was in his own business. The price for failure does not even begin to compare to the rewards for success, I think those who have both failed and succeeded would agree.
I respect your right to disagree with my assessment. A world where everyone agreed with me would be no fun at all, and pretty damn scary.
As much as I enjoy the conversation, this will have to be my last post of the day, we just put a major new project live and I need to get busy driving some traffic.