making lots of $$$$$

[$hunter]

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!!!!?

 

[dbphoenix]

http://www.trade2win.com/boards/showthread.php?t=14317

 

[TWI]

convert to Yen

 

[Strategic Trader]

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

 

[FetteredChinos]

millions of what?

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

should keep you amused for a bit.

 

[boy]

convert to Yen

 

[$hunter]

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?

 

[donaldduke]

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.

 

[Trader333]

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

 

[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.

 

[donaldduke]

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)

 

[FetteredChinos]

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...

 

[ffsear]

If your brave..... Bank shares are cheap at the moment!

 

[foredog]

so are lottery tickets.....

 

[Cavalry Trader]

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

 

[barjon]

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

don't expect a quick answer, ct, we haven't seem much of fc for a while. you'll see his post was april 2005

cheers

jon

 

[Cavalry Trader]

don't expect a quick answer, ct, we haven't seem much of fc for a while. you'll see his post was april 2005

cheers

jon

Oops thanks

Maybe some other senior traders could give their thoughts

CT

 

[Hoggums]

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?

Won't make you millions. What happens if they get into trouble with subprime and shares get diluted out to virtually worthless? Never put your eggs in one basket.

You have no knowledge so don't try and trade yourself. Go to an asset management company and buy a unit trust or a tracker. Use your ISA allowance for this year and next.

 

[FXSCALPER2]

Open an trading account and go crazy. Just take small losses and relatively big profits. Trade like a mad man. Hey, don't even read books by Douglas or something. Read Reminiscences of a Stock Operator, lock yourself up and go nuts. Life is too short.