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Saturday, October 4, 2014

The Magic of Compounded Interest


I believe I mentioned in an earlier post that forex was NOT a get rich scheme. However let me ask, all things legal, what financial institution will reward you with a monthly 10% ROI? No bank, no superannuation fund, no property portfolio (unless it's humongous) will give you a return such as this.

The above xl spreadsheet displays a 4 year forex investment starting with an initial 1k outlay. By the end of the 4th year you would be on the brink of breaking into a 6 figure account. This is what is on offer here. Even using only 75% of your monthly return at this point to live off would equate to $6,597.75, and since you would be reinvesting the remaining 25% every month you would be getting a pay rise if you so wished.

Question is, is a consistent 10% a month achievable? I would say, absolutely, in fact it is  down right conservative. Would you do what it takes? Remain patient and consistent in your trading methodology and you could make yourself unemployable? Why so? Because no one could afford to match what you can pay yourself. Think about it?

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