Guys like CIS turning 30k into 200 million in 10 years. Tim sykes turning 12k to over a million in college. Are these guys able to achieve this amazing figures because of pure luck?
Based on my calculations, it is possible to achieve 20-30% increase in portfolio per year by careful choosing the best stocks. But even painting a rosy picture of 30% gains annually for 10 years. 30k would turn into 413k, nowhere near 200 million that CIS has or what tim sykes achieve with his time in college.
I think these stories are gamblers who really used alot of leverage and got "lucky" making it big. Either that or they managed to be lucky in picking a stock that performs exceptionally well like 1000% gains or more and they pyramid it aggressively.
Thoughts?
Submitted November 04, 2017 at 10:33AM by icyboy89 http://ift.tt/2yveFgF
