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Christopher Smith

1 year ago

in Full Time Trader - Revisited on Investing Adventures
You're basing your plan on a 10% per month return, which is wildly optimistic. A 10% monthly return correlates to a 185% annualized return. A 20% monthly return, which you also suggest, comes out to over 640% annualized.

No day trader will make these numbers on a consistent basis. Over the long term the market will yield a return that's in the high single digits. Even if a day trader is able to double or triple this you don't get close to your numbers. And even that is optimistic; even good day traders will lose money some years.

You'll need a lot more capital and a lot more patience than your calculations indicate.

1 year ago

in How to Tell the Difference Between an Idiot and a Moron on Sellsius
Maybe I'm just not smart enough to get it, but I can't figure out how any consumer would be offended by this.

1 year ago

in Can the Realtor Trademark Fall into the Public Domain? on Sellsius
In my informal, highly unscientific poll I found that the question "what's the difference between a Realtor and a Real Estate Agent" is usually greeted with a blank stare.

I'm reminded of the poll last November in which Real Estate Agents fared poorly in the Harris Poll ranking prestige of professions. The NAR argued that the poor showing was because the Harris Poll asked folks what they thought about "Real Estate Agents" instead of asking what they thought about "Realtors." In their press release addressing the study the NAR reasoned that "Realtor is to real estate agents as Mercedes is to car." http://www.equityscout.com/realtors-fight-back

Does anyone believe this? The NAR leadership is living on Mars. These guys need to get out more.
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