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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Lovell Pillow who wrote (97)	2/23/1999 11:26:00 PM
From: Jon Scott	Read Replies (1) \| Respond to of 19256

One of the problems is that with smaller trades, even the discounted $40 round trip commissions take their toll. $2000 does not allow enough room for diversification or fees. I paid about $2500 in commissions to NDB last year. Realistically, how many stocks can you buy for 2k? Even if you put $500 into 4 stocks each, only with extreme luck would 1 rise enough in 30 days to see a $1000 profit. You'd be down at least $100 just in commissions. Review my trades. I bought 200 WCAP at 7 and sold it at 7 7/8 the same day. After commissions, I made about $150. I would have been much happier trading 1 or 2000 shares. Then it is more worth the effort that it takes to trade.

To: Lovell Pillow who wrote (97)	2/24/1999 1:27:00 AM
From: Gus the Dog	Respond to of 19256

Whoa buddy ... << If one starts with $2000 in an IRA and makes 50% per month, in 5 years the IRA will contain 73.5 trillion dollars. Watch out for the taxes when you draw it down Jon. The really funny part is the people who respond saying how much better they do! >> Better convert that to a Roth and pay the taxes now, get 73.5 trillion tax free ... LOL Gus the Dog (woof)