Disliked{quote} It does matter to me. I have full timer job making 57k a year.Decent but with mortgage kids its peanuts. If I devote my time say 6hrs every day and make less then $8 a hour minimum wage then its pointless.That is if I am making less than burger king then I should not be trading period.My time is valuable. Making 1% say 5k account is $50 a month devoting say 30-40hrs its about 1.50hr. Its worthless waste of time.I can make more money being a waiter in restaurant if my goal was 1-2% a month. % does matter to me to make it worthwhile.If I had...Ignored
My circumstances are similar to yours and the prospect of making 30% a year on 10/20k isn't very attractive but if you think longer term... say 2-3 years then it gets more attractive especially when you regularly contribute to your initial starting capital.
Consider the following:
Initial: £10,000 - 1 year @ 2% month return compounded
Result: £12,682.42 (26.8% return)
Initial: £10,000 - 3 years @ 2% month return compounded
Result: £20,398.87 (103.9% return)
If that's not impressive, try adding additional monthly contributions in...
Initial: £10,000 - 1 year @ 2% month return compounded
Monthly contribution: £1000
Result: £26,238.82 (162.38% return)
Initial: £10,000 - 3 years @ 2% month return compounded
Monthly contribution: £1000
Result: £72,952.71 (629.52% return)
Considering the above, 2% a month isn't really that bad is it?