making lots of $$$$$

This is a discussion on making lots of $$$$$ within the Home Trader forums, part of the Trading Career category; Hello everyone i'm a newbie & first post, but i rally need advise on the following. young male, £50k+......................... How ...

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Old Mar 23, 2005, 3:54pm   #1
 
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making lots of $$$$$

Hello everyone i'm a newbie & first post, but i rally need advise on the following.

young male,
£50k+......................... How can i turn this into millions!!!!?
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Old Mar 23, 2005, 3:57pm   #2
 
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http://www.trade2win.com/boards/home-trader/14317-edge.html
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Old Mar 23, 2005, 4:19pm   #3
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convert to Yen
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Thanks! The following members like this post: Mathemagician , the blades
Old Mar 23, 2005, 4:26pm   #4
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do 20 times the same thing you did to get to 50K

or put the 50K away safely and get a job as a trader and wait until you are profitable before even thinking about touching the 50K
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Old Mar 23, 2005, 4:35pm   #5
 
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millions of what?

£50k will buy you 5,000,000 cola bottles.

should keep you amused for a bit.
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Old Mar 23, 2005, 4:53pm   #6
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Originally Posted by twalker
convert to Yen

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Old Apr 20, 2005, 12:17pm   #7
 
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$hunter started this thread OK GUYS i have a plan!!!

Buy £50k worth of shares in AL, there paying the most divdends...... leave for 5 years & see what happens.....


How ofteren do they pay div????

What u all think?
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Old Apr 20, 2005, 2:08pm   #8
 
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If you are patient and disciplined, mange your risk properly, and have a good game plan you might double
your money each year, in which case you could get to about a million 5 years from now.


However if you impatient, undisciplined make big bets, and dont have a game plan
you will probably only last 5 week or atmost 5 months.
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Old Apr 20, 2005, 2:17pm   #9
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Quote:
Buy £50k worth of shares in AL, there paying the most divdends...... leave for 5 years & see what happens.....
This may work other than it does not fit in with my preference for intra-day trading.


Paul
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Old Apr 20, 2005, 2:19pm   #10
 
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i only aim to shoot (??) for about 70-80% a year. only been achieving the required return the last few months...

slowly slowly catchy monkey.
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Old Apr 20, 2005, 2:55pm   #11
 
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Originally Posted by FetteredChinos
i only aim to shoot (??) for about 70-80% a year. only been achieving the required return the last few months...

slowly slowly catchy monkey.
If you aim for 70-80%, then by the miracles of compounding you actually end up with a 100%.

(ie 6% a month isnt 72% a year, but 100% from what you started with)
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Old Apr 20, 2005, 2:57pm   #12
 
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oh not you as well!!

i know the "magic 72 rule"

i meant, over the course of the year, with compounding to increase capital by 70% a year..

5% a month will do me...
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Old Jan 23, 2008, 2:45pm   #13
 
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If your brave..... Bank shares are cheap at the moment!
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Old Jan 23, 2008, 3:03pm   #14
 
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so are lottery tickets.....
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Old Jan 23, 2008, 3:11pm   #15
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Originally Posted by FetteredChinos View Post
i only aim to shoot (??) for about 70-80% a year. only been achieving the required return the last few months...

slowly slowly catchy monkey.
Would this be 70-80% of your overall fund, or assuming you only trade with a 2% risk on each trade 70-80% of risked money?

CT
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