Sunday, July 17, 2016

A Warning About Advisers Who Are Promising 1,000% Plus Gains.... can't happen regularly.

The gains would be so spectacular that you would own the entire world in a very short period of time.

Consider "just" doubling your money regularly:
[A]n investment banker asks the client to pay by placing one penny on the first square of a chessboard, two pennies on the second square, four on the third, doubling the number on each square that follows. If the banker had asked for this on only the white squares, the initial penny would double thirty-one times to $21,474,836 on the last square. Using both the black and the white squares, the sum on the last square is $92,233,720,368,547,758.
That's more than the worth of anyone on the planet.

Warren Buffett's annual return comes in at 21.6%.


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