murchr wrote:Sufficiently Philanga....thropic wrote:A friend of mine is just concluding selling land that he bought in 2009 at ten times the buying price. But he tells me he has made more in stocks.
I wonder what stock would have made him richer 10 times if he bought it in 2009
Kenya Orchards or Kakuzi.
But on a serious note, suppose you make those seemingly small gains of 15% per trade and you do this repeatedly like 3 times a year, that will be around 52% compounded gains a year.
Over the 6 years period that is a whooping 12 times your original investment. But for this to happen you have to be a pro, a real master of the game.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.