Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

wmck6167

Help Me to Become a Millionaire (surely Billionaire is Better), Mr. Buffet, Please.

Recommended Posts

Well, I just think an interesting question, if I can know Mr. Buffet’s buying (if I had a telescope or a computer hacking program or insider), then I buy what he buy, can I become a millionaire? (of course, billionaire is even better!) If it is the truth, then following a successful person can guarantee my success shall be a norm. But why the world the portion of successful people is still so small? Have a fun and good luck.:cool:

Share this post


Link to post
Share on other sites

Theoretically, this makes sense.

 

But it may not work with low capital... ?

 

The reason the world's population of 'wealthy' people is so small is because there is only so much wealth to go around and those that find it don't want to share the secrets necessarily. It took hard work to get there [usually].

 

Well, I just think an interesting question, if I can know Mr. Buffet’s buying (if I had a telescope or a computer hacking program or insider), then I buy what he buy, can I become a millionaire? (of course, billionaire is even better!) If it is the truth, then following a successful person can guarantee my success shall be a norm. But why the world the portion of successful people is still so small? Have a fun and good luck.:cool:

Share this post


Link to post
Share on other sites
Well, I just think an interesting question, if I can know Mr. Buffet’s buying (if I had a telescope or a computer hacking program or insider), then I buy what he buy, can I become a millionaire? (of course, billionaire is even better!) If it is the truth, then following a successful person can guarantee my success shall be a norm. But why the world the portion of successful people is still so small? Have a fun and good luck.:cool:

 

Try to be original. Only then you will succeed.

Share this post


Link to post
Share on other sites

“But it may not work with low capital... ? “

 

You point out a factor about the capital, although I did no know your capital range. During a shareholders meeting in 1999, Mr. Buffett lamented that he could generate 50% returns if only he had less money to invest. He couldn't compound $100 million or $1 billion, at a 50% rate. So I did the calculation, if I conduct trading with the 50k money and with 50% yield annually, then I can become a millionaire after 7th year. The future more, and then the more horrible profits produced based on the investments compounding. One the other hand, is that also inferred the lost risk is also increased if capital increased?

 

I maybe wrong, but I really want to become a millionaire with righteous time. Have a great weekend. Cheers.

Share this post


Link to post
Share on other sites
“But it may not work with low capital... ? “

 

You point out a factor about the capital, although I did no know your capital range. During a shareholders meeting in 1999, Mr. Buffett lamented that he could generate 50% returns if only he had less money to invest. He couldn't compound $100 million or $1 billion, at a 50% rate. So I did the calculation, if I conduct trading with the 50k money and with 50% yield annually, then I can become a millionaire after 7th year. The future more, and then the more horrible profits produced based on the investments compounding. One the other hand, is that also inferred the lost risk is also increased if capital increased?

 

I maybe wrong, but I really want to become a millionaire with righteous time. Have a great weekend. Cheers.

 

If you don't pay tax on the gains while you are earning your 50%, then you'll be in jail before you get to your million.

Share this post


Link to post
Share on other sites

“Assuming you have the ability to become a millionaire,how much do you want it?”

It’s a future question it’s hard to answer the question from my point of view. But Mr. Buffet is a model I respect, enjoying the process (not the money) to achieve the target and I believe that there is no final target if you are enjoying the process.

 

“There's a price for everything.Do you think you can pay it?” It’s very personal and prefer not to answer the "promise type" question.

 

It's great to hear your comments.

Share this post


Link to post
Share on other sites

"If you don't pay tax on the gains while you are earning your 50%, then you'll be in jail before you get to your million. "

 

You are absolutely right! We absolutely need to following the rules. Well, Mr. Buffet, I also need you to teach me how to file the tax efficiently since my math is bad, I always calculate 1 + 1 = 1 , please….

Share this post


Link to post
Share on other sites
Buffet is a great guy to follow, but I follow this premium twitter account that so far has helped me greatly and brought me about 62% in returns on my money

 

Hi, It's so great to hear you make a good profit. I am more interested in a situation, sometime Mr. Buffet has bad luck, lost 62%, I am thinking how can I survive under that situation if I using my own money in investment.... So you definitely very smart. Did you steal his money? Just for joking, Cheers!

Share this post


Link to post
Share on other sites
Buffet is a great guy to follow, but I follow this premium twitter account that so far has helped me greatly and brought me about 62% in returns on my money

 

I admire your smartness!

Share this post


Link to post
Share on other sites
Guest OILFXPRO
Well, I just think an interesting question, if I can know Mr. Buffet’s buying (if I had a telescope or a computer hacking program or insider), then I buy what he buy, can I become a millionaire? (of course, billionaire is even better!) If it is the truth, then following a successful person can guarantee my success shall be a norm. But why the world the portion of successful people is still so small? Have a fun and good luck.:cool:

 

u need an indicator or e a to make billions:rofl:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.