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JK - Who cares about 2000 years? I care about my lifetime. Ever heard of revolutions ? They happen when the mass poor get pissed off. Your ideas of one family getting the whole global wealth are crazy. Im sure you have no clue about the details of Rothschilds wealth, not that they remotely in...

JK - You seem to have a very smooth linear predictable view of the world. Almost like textbook or popular media stuff. You can be comfortably middle class that way. My view is that you get rich by being greedy when the opportunity is there and its quick not over a lifetime. You get rich by luck...

In 2008 I had my 32nd birthday and it helped having had some experience trading stocks since 1999 and investing through a few cycles but never had enough money to make a difference until early 30s. At least not enough so it was worth the effort of trying to trade. Science/Engineering background...

To finish the story I also took out a personal loan of 40,000 USD at 5% once I had a large profit on the position in 2010/11 and added to it. Kept high leverage until 2013 and then just buying the dips after I think the bottom is in and using options to leverage into the relief rally until the...

Well sure the market could have gone down 25%. Its possible but since it was already a long way down I gave it a low probability. It was already one of the largest, steepest drops in the history of the stockmarket. The lucky part was me being at the right age and already having a decent amount...

1.2^40=1470 I get your point that over a long period 20% compounds up to a big number. But you need a long period. If your aiming for 1 M USD to save several years I would wait until a big opportunity and borrow money. If you have 125,000 you only need to double it twice (12 years at 20%) If...

Well Im not trying to be a billionaire like him and noone is going to sack me because i underperformed an index in a single year. Just trying to get enough money so that I then only need a small annual percent return to live off it comfortably is my goal but everyone has different goals so...

The stock market isn't an isolated pool. If he lost 15% he lost 15% so he should have put the money in the bank. Hes just not done as bad as everyone else if he lost 15% and they lost 20%. I dont get hung up about beating an index just making money.

That's the point about equity not being zero sum. The projects in the underlying businesses do create value over time which is shared with the owners. If the index rose 20%, someone who gained 15% with inflation at 3% and bonds paying 5% they are not a loser. They actually did quite well...

It depends what you are trading but perhaps you will realise that the calculations are nonsense because it isnt a zero-sum game and there isnt finite money.

I know it is possible. My general impression though (and I don't day trade) is that many folks dont know what they are up against, dont have a well tested plan and are using too much leverage. For me longer timeframes are much easier and less stressful but the new folks seem to want to day trade...

Good for you but I'm not sure why you seemed so keen to tell me about your achievements. I have no idea who you are. If its matter of public record PM me your name? Maybe someone else got you wound up but most of the rich people I know tend to be more humble and don't need to sing their own...

"I'm sure this will come as quite a surprise... but my gains came via "mutual fund timing".... and that was before there were leveraged and inverse funds. In one of my 100% total gain years, I was "in the market" only 23% of the trading days. That wasn't my biggest return year, but to this day I...

I could imagine there are lots of small unknown traders out there gaining >20% compounded. With small money and only being answerable to yourself then i think it a relatively achievable goal to double your money in 3 years. Of course when you get too big then you start to move prices and it gets...

Yes after tax, but im not from US and the way the accounts are set up dont have to pay much tax anyway.

Thanks for the replies. Different bucket system seems popular. In the main trading account I have ca 600,000 USD and aim for 23% per year so doubles every 3 years, but fortunately been much higher than 23% during this bull market. Main choice seems to be: 1. Either keep it all together and...

To me it seems more sensible to withdraw a fixed percent of the total at regular intervals rather than the models many press articles highlight which is a set amount withdrawn (often of 4% of the first year total) and increase for inflation every year thereafter. To me that seems stupid since it...

5,065,000 SEK Well didnt think I would reach the annual target of 1 M SEK (25%) so soon into the year and about the same time as the last snow melted. A big chunk of the gains obviously coming from devaluation of the euro (read SEK) against the dollar but still my salary and expenses are in SEK...

4,925,000 SEK Most Swedish stocks only pay one dividend per year and its normally around this time. Proposed changes to the tax rules on ISK trading accounts mean that from Jan 2016 the minimum tax rate would be 0.375% of the total balance. Will mean an increase from this year but still not bad...

4,850,000 SEK Not posted for a while because, well not done much or have much to say. Today there was another rate cut in Sweden. Repo rate now -0.25 (yes minus). Currency down and stock market up. Swedish kroner has weakened a lot in last 6 months and stock market has soared just like the DAX...