Suppose there are 20 days of stock market open in every month. So 240 days in every year. One percent every day implies 114.88 times by 1.02^240 = 115.8887 If he keep one percent every day with inital seed of 100K, then he should be richer now than Buffet+Gates combined. I am sure that there was NO such case over the last hundreds of years.
Please note that stock market opened in Netherlands about 400 years ago. However money lending with interest was from 2000 years ago. Also, if heard correctly, Federal Reserve in US has roughly 100 years of history. But English central bank and Rothschilds is roughly 200 years.(???) Suppose someone (some family) showed annual 10% of return for the last 2000 years after Jesus, I believe their family has already more than half of the entire world asset. Is there any family who has now more than half of the world asset? If so, it might be Rothschilds. My guess is the they accumulates less than annual 10% for the 200 years of term. Furthermore, if I heard correctly, the average money lending (interest) charges roughly 6%, over the last 400 years. The low interest rate ( <1%) by FRB over the last 7 years never happened before in the last 200 years.
If you have 50K with annual 20% return, it means you spend time to make only 10K. In my guess you spent your own valuable time for less than minimum hourly wages. Probably your time may be less valuable than cab driver, in this case. If you see the monitor four hours every day (240*4=1000 hours in one year), then you make roughly 10 dollars every hour (10K in one year)
Most leaves his asset to his son/daughter. He can leave trading logic as a inheritance too. Unless one have some problem, there is some family (such as the Rothschilds) who consistently use same trading logic over 400 years. Of course, it includes not only stock trading logic but also BOND trading logic. Please do NOT think you are THE ONLY ONE. PS) Also note that credit card revolving charges interest more than annual 20%. I believe the credit card company takes most of the world's asset in the next hundreds of years, if the company does not default and does not lose money to some customer forever.
A human generation is something like 25 years. Assuming that you have 2 kids each generation, the number of descendants after 2000 years is 2^(2000/25) = 2^80 = 1.2x 10^24. In other words, after 2000 years, your descendants could easily be more than half the entire world.
It's not surprising that few money managers have enough talent to make 20% per year for very long. Someone who can make that sort of return quickly ends up with more money than they can easily invest. For them, signing up to invest other people's money is stupid because it means that the opportunities they find will result in profits owned by other people. Far better to trade on their own account. In short, the people you find working as money managers are naturally going to be the B+ students and below.
Scat, I would probably say just post a picture of your house but its probably on his paper route and he may toss an egg.
If you can make suggestive simulations, I can too. Trader does not want to trade 240 days a year. Trader wants to limit tye amountinvested to 50K. Trader does not want to compound. These are realistic posibilities that proof that your calculations are manipulative and that depending on the parameters you use anything is possible. So you don't proof anything at all.
I don't want to give info about myself, but believe me or not but I make much more. But I am not interested to tell I HAVE MILLIONS!!!! like some others do here. My ego does not need this.
Exactly, but because most people never reach this 20% they don't know about this "problem". Volume is limited so better trade only own money and take the full profit. And never problems with clients about returns.....