No one said the word 'guarantee'. Any broker that says something like that is foolish and you should not listen to what they tell you xD I also never said it is bulletproof. I mentioned that it is the CLOSEST thing to being bulletproof. Not in terms that it won't ever lose money, but in the sense that dollar cost averaging eliminates that risk over the long term.
It's one of the few concepts that Warren Buffet lives by.
Warren Buffet picked a dozen winners back in the 80s and made a ton of money. Then he used that leverage to get laws past in order to hurt family businesses. Then his company either sells insurance to those family businesses or buys them for pennies on the dollar when the tax man comes collecting. This is why he is all of rich people paying more taxes and inheritance taxes, it benefits his company. Of course, he hedges his earnings so that he pays the least amount of taxes possible, while making his secretary pay more. If he believed his tripe, he would pay his secretary the same way he pays himself.
I don't like to get too in-depth in detail when I study these bigger guys. When I study billionaires, I like to look at the overall, simple outlook to what it is they do. So yeah, I am going to leave it at that in terms of what you are saying.. Hope that makes sense :)
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'm wondering why every stock broker hasn't made this guarantee on their portfolio.
They do. They're just the high risk ones that go up 40% one year and then back it up with a down 40% the next.
LOL!
Just make sure you get in and out on the right years.
No one said the word 'guarantee'. Any broker that says something like that is foolish and you should not listen to what they tell you xD I also never said it is bulletproof. I mentioned that it is the CLOSEST thing to being bulletproof. Not in terms that it won't ever lose money, but in the sense that dollar cost averaging eliminates that risk over the long term.
It's one of the few concepts that Warren Buffet lives by.
Don't backtrack now :P
Haha naa man, I understand what you're saying and it's good. Keep the quality posts coming!
I appreciate that dearly! :)
Warren Buffet picked a dozen winners back in the 80s and made a ton of money. Then he used that leverage to get laws past in order to hurt family businesses. Then his company either sells insurance to those family businesses or buys them for pennies on the dollar when the tax man comes collecting. This is why he is all of rich people paying more taxes and inheritance taxes, it benefits his company. Of course, he hedges his earnings so that he pays the least amount of taxes possible, while making his secretary pay more. If he believed his tripe, he would pay his secretary the same way he pays himself.
I don't like to get too in-depth in detail when I study these bigger guys. When I study billionaires, I like to look at the overall, simple outlook to what it is they do. So yeah, I am going to leave it at that in terms of what you are saying.. Hope that makes sense :)
I think I will reveal the info in my very next post if I can achieve 5 resteems on this post :) How does that sound?
1 resteem from me
I appreciate that brother :)
The other posts have been made :)
I must say I'm impressed you knew this off hand. Great stuff
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.