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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Robohogs who wrote (165993)3/21/2012 7:56:32 PM
From: CommanderCricket1 Recommendation  Read Replies (1) | Respond to of 206184
 
Jon,

"I would like to get 6-9% fully realizing such aggressiveness would lead to a 10% type drawdown in worse markets."

Wow - you tha man! crazy man too...

Question

Why so aggressive? Why take on so more risk when 2% - 3% a month should provide a nice living (I'm assuming a high 6 figure/low 7 figure account). I can see being ulta aggressive if you are starting out and need to build capital quickly, but still....a lot of risk of having it blow up on you.

What happens one morning when the markets don't open because of whatever and when they do open, all the indexes are down 10% - 20%.

My goal of 24% a year provides a near doubling of capital every 3 years. So far the goal is achievable and it's rare to miss it. I actually plan to throttle back a little.

Michael