After June's wipe out, I decided to stop trying to get rich in one month. Why not try something more conservative? Something safer? After all, profits of 4% to 6% per week are not that bad and not really hard to get. Compound my weekly profits and... let's see...
The wipe out left me with only $1,267.72...
At 4% per week for eleven months...
Compounding my weekly profits...
Holy Crap!! That's $8,329.59!! That's 550% in one year. I'm still laughing at the ridiculous amounts that a spreadsheet will gladly ejaculate for you if teased with enough numbers for a long enough time.
We are only a few days away from the end of July. Assuming a compounded growth of 4% per week, by 4:00 p.m. Friday my account balance should be $1,483.05. That's 16.99%. It sounds easy if you think about it in terms of 4% profit per week. However, the actual meaning of 16.99% per month is a bit hard to swallow. Let's see if I'll be choking this Friday.
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