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

    • MRCY Mercury Systems stock, watch for a top of range breakout above 47.36 at https://stockconsultant.com/?MRCY
    • Date: 21st March 2025.   Gold is Up 14% in 2025 But Has It Peaked?   Gold prices fell on Thursday for the first time this week after reaching a new all-time high. The asset’s safe-haven status drives its bullish trend as the White House confirms new tariffs on April 2nd. On the other hand, the decline, which continues this morning potentially is due to fears the price is overbought or at its peak. Why Is Gold Increasing in Value? The main bullish price driver for Gold is the risk appetite of the market due to fears of a recession. Even the White House acknowledges a short-term downturn, though the administration calls it a ‘transitional period’. A potential recession has also been mentioned by economists including the previous Treasury Secretary, Lawrence Summers, who advises the chances of a recession in 2025 is around 50%. The possibility of a recession due to the new trade policy is not only driving the price of Gold but also bond yields and the stock market. The SNP500 has fallen almost 11% over the past 4-weeks. The risk appetite of the market can be seen through the poor performance of the stock market. Furthermore, the VIX index has fallen almost 11% while demand for bonds has risen. In addition to this, the Federal Reserve made it clear that there is no clear sign yet that the economy will not experience a recession but does expect lower economic growth. The Federal Reserve reduced its projections for the US GDP Growth Rates. The Chairman of the Federal Reserve told journalists that the central bank will continue its wait-and-see approach due to the uncertainties of the trade policy. The Federal Reserve will opt for a reactive approach rather than a proactive approach which may unnecessarily push inflation higher. Trade Tariffs on April 2nd Donald Trump imposed 20% tariffs on all Chinese imports, along with 25% duties on goods from Canada and Mexico. He also enforced 25% sanctions on imported steel and aluminium, prompting retaliatory measures. Meanwhile, unemployment rose to 4.1%, retail sales by only 0.2%, and business activity remained sluggish. Treasury Secretary Scott Bessent warned of a potential US recession, and experts suggest that if the trend continues, the Federal Reserve may adopt a more ‘dovish’ stance, pressuring the US dollar. At 20:00 (GMT+2) today, investors await the regulator’s meeting results and a new dot chart forecasting interest rate cuts. Any signal of borrowing cost adjustments could drive XAU/USD prices upward. XAUUSD (Gold) - Technical Analysis The price of XAUUSD this morning during the Asian Session fell, forming a lower swing low for the first time since March 10th. The question which most traders are now asking is whether the price will now continue retracing downwards. Currently, the price in the medium term remains above the 75-EMA and above the 100-SMA which indicates the price still maintains its bullish bias.     However, the price below the VWAP and order flow shows that so far sell orders outnumber buy orders. Therefore, due to the mixed signals, the volatility in the short term will be vital for technical analysts. For example, if the price falls to $3,026, 65% of the retracement has regained downward momentum potentially indicating a downward trend in the short term. Alternatively, at $3,027.90 the instrument will form a bearish breakout which again potentially indicates downward momentum. However, if the price increases above $3,034.17, a bullish breakout would have formed and the price will be again trading above the main Moving Average. Key Takeaway Points: Gold prices surged to an all-time high before dropping, possibly due to overbought concerns. Economic uncertainty and trade policies fuel demand for gold, bonds, and a declining stock market. The Federal Reserve acknowledges economic slowdown risks but remains reactive rather than proactive. The US plans tariffs on China, Canada, and Mexico, contributing to market volatility and economic concerns. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PLTR Palantir Technologies stock, watch for a local breakout, target 106 area at https://stockconsultant.com/?PLTR
    • I wonder how we can use these timeframes lower than the one minute yet they might be helpful for high frequency trading bots. 
    • Prizes won are kinda satisfaction and acknowledgement for the success achieved among the other contestants in my opinion.
×
×
  • Create New...

Important Information

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