iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

You Can Always Make It Back, Providing You Don’t Blow the Fuck Up

Happy Easter lads, lassies.

I wanted to remind many of you that success, like all things, withers and eventually wanes. No matter how good you are, even me, over a long enough time line — you will falter. Knowing this and taking into account the various ways a man can draw down, the most important thing for you to remember is to never place yourself in a position to BLOW THE FUCK UP.

Men usually do this out of greed or desperation. You might’ve lost a million and now only have $50k and feeeeel the only way back is to take outsized risk. The more likely scenario is you’ll zero out that $50k attempting a gambit. You’d be wise to proceed according to ze plan and grow it over the next decade — trying to achieve 30-50% returns per annum.

For example, if you invested $50k and added $1,000 per mo to it for the next decade, returning 35% per annum, your account will be $1.7m by 2033.

Whilst 35% is an outrageous 10 year average, it’s certainly achievable — unlike the 10,000% option gambits that so many of you try and flop out of — zeroing out unceremoniously in true vagabond fashion.

Let us take this season of renewal to reset expectations and goals and attempt to build real wealth over many years. I, as always, will be here attempting to figure it out with you and excel in a manner that appears to the layman to be nothing short of magical.

My allergies have receded and my health is once again excellent, my mood superb. I will see you troglodytes tomorrow during the trading session.

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