Quote:
Originally Posted by Malibu1
If any of us knew how to invest, we would be on the Lambo and Ferrari forum and not here.
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Not really. I've done pretty well in the market over the years, but I don't have enough capital to make millions in the market.
In my opinion, you need an $8-10M+ net worth to drive a Lamborghini. Even if you started with $500,000 and doubled twice in 5 years, you'd only be at $2m....not nearly enough. And you aren't going to double twice in 5 years in this market with that much capital...very unlikely anyway.
Lots of people will tell you about the great returns they made, but they didn't do it with millions of dollars. "Oh, I made 50% on that trade. 100% on this trade." Going from $1,000 to $2,000 isn't impressive. Going from $500,000 to $1M would be, however. The amount of money you invest changes your strategy. I might put $1,000 into some crazy trade because I'm not afraid to lose it. Try the same trade with $500,000 and see how your behavior changes.