This subject has come to my mind recently when a fellow poster said that people are trying to make $1000 a day I believe.....this would be ludicrous.....
The stock market returns, on average, something like 12% per annum historically, correct? In the past few years speculation has been rampant throughout the markets.....people think they know more than the market and can time the market...
Empirical evidence says market timing is not profitable...on average you will underperform the S&P 500......
So what is the purpose of the thread....
I have $10,000 that I am going to play with.....Lets see if I can make $1000 a week or 10% a week based on this initial sum of cash...I'm not going to consider compounding effects....52,000 per year is something like a 420% return in 1 year.....Nothing short of awesome
Just so everyone knows, I think this is ludicrous.....but I'll give it a shot anyways......If this venture proves successful, hopefully some Wall Street firm will hire me away into their equity trading department.... If it is successful, eat your heart out Jimmy, George, Peter & Warren.....
I'll put the first pick tomorrow after I decide on what to invest in...or short....no options here folks...
Finally, this isn't investment advice...Thisis for entertainment...expensive entertainment for me but I am confident and arrogant about my stock picking prowess so to speak...Hopefully I won't deflate it....
Dan Ross |
