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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (60377)	1/3/2004 6:04:59 PM
From: Jill	Read Replies (1) \| Respond to of 65232

P.S. RR I asked a friend to calculate for me what if I got 60% profits every week for a whole year (quite impossible but look at the inspiring answer!!!) on $10,000, always rolling profits back in to reinvest for next week's 60%--but I am not sure if he miscalculated, because he says monthly here, and I meant weekly, I must ask him, I'm not good at this kind of math: Here is a brief answer to your question about how much return can you get with a 60% monthly interest on your investment. There are actually (at least) two answers: Since the interest is so high it matters if it is compounded continuously or monthly. If it is compunded monthly, the answer is 1.6^(12) (= 281.5) x (initial investment)so you get some 281.5 times say $10000 = $2.8 million. The result is even better with a continuously compounded interest and than in a year you have something like 1338x(initial investment or with only $1000 initial invetment you become $1.3 million millioner! Not bad, huh? Dreams, sweet dreams...