The $500 Experiment

Quote:

Originally Posted by orange

my plan is to compound this $500 at minimum 10% per week. so you can see that at that rate my max is just $71,021 . so obviously we need someone to roll for 20% per week with $1000 and they'd crack $1mil in wk #38, etc... the thing is, i don't have a daytrading acct, which would make it a lot easier to do- instead of compounding by weeks, i'd compound per play... you can see how that would work... note that it takes 81 weeks (not shown) with $500 @ 10% compounded per week to hit $1,024,200.11 , so with a daytrading acct and 8 10% trades per week i'd hit the mark in week 11...

Quote:

Originally Posted by nana

From my calculation, if you can make 10% per month, you are going to have 4 trillion after 20 years, that's a big number.

Think about that. My suggestion is a smaller number is more lealistic and reachable.

I'm a lurker on this board. I saw this plan and it's similar to a plan I was constructing. I understand where NaNa is coming from about the calculations over time. I see Orange plan sort of realistic to some degree. I think 10% is a high number but doable because with penny stocks you can get those types of returns but his problem come when he hits the 1 million mark. Like Nana said he would be on track to make 4 trillion dollars which is unrealistic.

Here is what I’m going to suggest. I think you should scale back your expected returns after you reach the 1 million mark. Instead of expecting a 10% return on a weekly basis, you should expect a less return over a monthly basis. Making 10% on a weekly basis after the 1 million mark puts too much pressure on you.

Here is my sample plan. I made $500 my starting point. I want to achieve 1 million in a 104 week period (2 years) at 7.59%. This strategy gives me less pressure and I can afford to lose some weeks.

I'm glad to see you start your plan though. I thought it was funny to see someone else doing what I'm trying to do.

Good luck