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

if you're under 50, you need to keep on compounding beyond 1.5 Million if you want to retire to a 1st world country and maintain a nice lifestyle.
 
Quote from mr double:

that's what i found while browsing in web:

Turn $5,000 into $1.5 Million
If you started out with just $5,000 and managed to make only 10% each month investing , you could end up with $1.5 Million in just 5 years

i have only 600$
so, i deposited them in my account at FXCM
my plan to turn them into 1000 by the end of this month
this is minimum to participate in a contest held each month
to win and get prize money( 2,500$), i need to make about 500-1000%(just checked last and current month winners)

hopefully in july with now 10,000$ i move to the stage 2 targeting
10% eacn month(that should be easy)

P.s which trade do you think should i enter,to get quick $
:confused:
More...

i thot i heard u had backers and a huge acct ready to double in no time...did they desert u after discoverin' u journal here on et[?]
 
Quote from 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
More...
it's more like 1.5% each month, so this 10% a month is simply ridiculous.
 
I thought like that when i started trading - and made 30% my first month. Then I realised it is not sustainable. Dont dream - if it was that easy everyone would do it. Focus on the process and actions.
 
So that means anyone starting out with less than 100k might find it pointless trading (on 1.5% monthly).

And I thought I could make a living on my 25k (+3k tuition) :eek:
 
Quote from mr double:

that's what i found while browsing in web:

Turn $5,000 into $1.5 Million
If you started out with just $5,000 and managed to make only 10% each month investing , you could end up with $1.5 Million in just 5 years

i have only 600$
so, i deposited them in my account at FXCM
my plan to turn them into 1000 by the end of this month
this is minimum to participate in a contest held each month
to win and get prize money( 2,500$), i need to make about 500-1000%(just checked last and current month winners)

hopefully in july with now 10,000$ i move to the stage 2 targeting
10% eacn month(that should be easy)
More...

Every time I think I have seen it all someone steps up to correct me.
 
You must log in or register to reply here.
Back
Top