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RE: ⏺How anyone can become wealthy with as little as even $1!
No, obviously the return isn't bulletproof, but rather the concept. I just used 40% as an example because it really also show the power of exponential growth over the longer periods.
Besides, I'm not saying any typical person can achieve that return by just dumping their money into anything, but I am very confident that I can achieve at least 40% return for the next 50 years. Obviously the returns also degrade the bigger your capital sum.
Warren Buffet says that he is super confident in the fact that if he had to start with just $1 million again, he could quite easily get 100% per year. But obviously, since he has now over $70 billion to play with, he has to be a lot safer.
There's plenty of value in compounding and adding into your compounding investment to top it up. You've presented the concept well and I've taken a lot of value out of that aspect.
Let us know your 40% a year investment info and maybe I'll change my mind. I'm all for big money investments, I've just been around the industry for long enough to know that those returns carry huge rusk and inconsistencies haha!
Thanks! I appreciate that. It makes all the effort so worth it when I get to here the positive feedback that others are able to learn :) Nothing makes me happier!
I will make the post for you guys :)
If you truly do trade then im sure you know 40% a year...? Please :P
Again mate, it's all about risk.