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Old 01-04-2007, 11:36 AM
scmfinance scmfinance is offline
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Quote:
Originally Posted by Black Monday
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
I don't think this is a long-term experiment (more like 52 weeks), so I think a separate plan will be developed once more funds are acquired -- this is just sort of a strategy for people who know a little something about the markets but don't have a lot of funds. Your plan sounds good and good luck with it!

As an aside, here's a quote I just heard and I thought it was pretty funny (it kind of relates to stocks):

"A study done by a pair of Canadian psychologists (Knox & Inkster, 1968) uncovered something fascinating about people at the racetrack: just after placing bets they are much more confident of their horses' chances of winning than they are immediately before laying down the bets."

- Robert B. Cialdini, Influence: Science and Practice
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