
7th June 2005, 05:30 PM
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Member
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Join Date: Jan 1970
Posts: 55
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Punter 57, if you can achieve 10% POT then it does compund rather nicely: If you start with $1000 and turn over 10% of your bank per week then after 1 year you'll hav about $1600 and after 2 years it'll be around $2786.
If you can turn over 20% of your bank per week and still get 10% POT then after one year it'll be about$2745 and after two years your $1000 is now worth $7600.
Of course this assumes a constant POT and we all know that some days its -100% and others it's +300% but the fact remains that 5% POT does not equate to 5% return on capital per annum.
If you are looking to make a wage instead of a long term investment then I guess you'd need a pretty big bank and even bigger cajones......or a really cool system like Mo's!
Cheers
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