can i retire in 5 years starting with 5,000$ ?

[bvam1]

And compounding interest is not even taken into account.

 

[nastazio151]

Absurd.

 

[just21]

The quickest example of money being compunded on this site was a commodity options trader who went from $3,000 to $15,000 in six months selling premium. I don't think he had the guts to continue though!

 

[G_Jimbo]

Wow, 500% six months compounded.

What was his average monthly return?

I thought it was impossible for traders to maintain even above 10-15%

 

[MTE]

Quote from G_Jimbo:

Wow, 500% six months compounded.

What was is average monthly return?

I thought it was impossible for traders to maintain even above 10-15%

Average monthly return is 30.77% (3,000*1,3077^6=15,000)

That's the whole point, you cannot sustain these kind of returns into infinity.

 

[DrEvil]

I believe that Warren Buffet has averaged 20% returns for the last 50 years ... the result is a portfolio worth billions.

Not everyone can be Warren Buffet though

 

[jerry11901]

Quote from Choad:

It's easy to get rich quick, but not in forex.

You should do what I did:

A very nice Nigerian fellow who was handling the estate of the late General Mbowegomo for his widow, Nanaiah, recently contacted me. The estate, in a secret Nigerian bank account, is worth $12 million and I get half for assisting in the transfer to a bank in England. They have to be careful, or else they would need to pay a large amount in taxes, so they can't use normal channels.

I just had to wire them $10,000 in "good faith" and they will soon transfer the money into my account in the US. So for only $10,000, I get $6 million. Pretty good deal, huh?

I could give you his email. Maybe he has another great deal like that?

The money is a couple days late and he doesn't answer his phone, but I'm not worried - I got a "notarized" letter from a Nigerian "bank official" that the deal is real. I'm sure he is just running a little late...

It reminds me tons of emails I am getting from some ,,Zamunda” from South Africa offering similar deals .I just delete them. How did you get in to it?

 

[plax]

Quote from Choad:

It's easy to get rich quick, but not in forex.

You should do what I did:

A very nice Nigerian fellow who was handling the estate of the late General Mbowegomo for his widow, Nanaiah, recently contacted me. The estate, in a secret Nigerian bank account, is worth $12 million and I get half for assisting in the transfer to a bank in England. They have to be careful, or else they would need to pay a large amount in taxes, so they can't use normal channels.

I just had to wire them $10,000 in "good faith" and they will soon transfer the money into my account in the US. So for only $10,000, I get $6 million. Pretty good deal, huh?

I could give you his email. Maybe he has another great deal like that?

The money is a couple days late and he doesn't answer his phone, but I'm not worried - I got a "notarized" letter from a Nigerian "bank official" that the deal is real. I'm sure he is just running a little late...

Choad , I hope you are joking here, if not you are well and truly fooked, that 10 grand is long gone.

 

[just21]

Apparently the Nigerian scammers made $100 million from Americans last year with this con.

 

[booking]

Mr Double,

Please post your daily account levels on this thread. I fancy a laugh.