not a 500% return....i have taken home about 5 times as much each year. do you want me to post my earnings and stats?
Don't bother baiting the troll. It's easy for a character like FFB to lash out at others with cynical attacks because of personal frustration with his rapidly deflating portfolio (if he even has one).
No, that would be you having some major reading comprehension problems. Robbie has explained rather clearly that his returns have *increased* by five times each year over each previous year.
Do you not understand how to use a calculator? Go grab one. Right now. Put in an arbitrary number, like "10." Multiply it by 500%. You get 50. That would be 10 *increased* 5 times. I believe he said he started in 03. Let's do the math: 03: 10 04: 50 05: 250 06: 1250 07: 6250 08: 31,250 Now Robbie said he started with 20,000. 03: 100,000 04: 500,000 05: 2,500,000 06: 12,500,000 07: 62,000,000 08: 3,125,000,000 So, using Robbie's numbers, he's a billionaire. Sorry folks, I don't buy it.
Or he just invested more money each year -- that wouldn't increase his percentage return, but it would increase the dollar amount of his return...
I'm not sure, but don't managers try to bring in more assets? Sales? Is that what it's called? Sales? FFB must not understand that. Not to say that I whole heartedly believe everything that Robbie has said, but I'm in the industry and I know how the gathering of assets on top of the growth of assets can equal very large returns if you calculate it simplistically like Fatty. Aren't you a greasy insurance salesman, FFB? Or did I just picture you being a greasy insurance salesman? Either way, you have to have heard of sales, right?
I like how you edited your post, but you're still not getting it. Say he started with $20,000 in 2003 and made a 3% return the first year ($600). Meaning he made $3,000 in 2004, $15,000 in 2005, $75,000 in 2006, and $375,000 in 2007 -- all of this is assuming he made a 3% return his first year (it is quite possible that he lost money his first year of investing, which would make the $375,000 return in 2007 significantly lower). Get it?
Regardless of where he started, earning 5 times as much on your initial investment each year is simply unbelieveable.
Robbie trades for a firm and probably gets a percentage of profits or simiilar. In his early years, they probably had him trading a much smaller account until he could show that he could handle the <i>business</i>. As he progressed, he likely got to handle a larger account and his earnings increased.
If his "book of business" has increased 5 times each year, that is a different story. But that is not what he has implied.
this pissing contest about who makes what is silly, immature and flat out douchebaggery. Just remember this...no matter how much bragging you do about what you make ($ or % wise) you still have a small wang
i don't trade my own money. i trade for a proprietary trading firm. i trade their money. i have never been in anything close to my total buying power. let me get my stats together....i'm bored so what the hell.
nah not trying to brag i just don't like people saying that you can't make money trading. it's a pet peeve. plus i like pwning people who think they know what they are talking about but really know nothing at all.
here you go... Spoiler ...and i didn't say i started with 20,000....i said i made about 5k my first year. also with these numbers i don't remember what my average pay out would be but it started at 50% then went to 54% at 150k, 58% @ 300k, 62% @ 900k, 66% @ 900k, and 70% @ 1.2m so if you are so inclined you can figure it. i do remember my taxable income went from around 5 to around 20 to around 100 to around 550 to i don't want to think about the tax bill now.
