All Forums | Investments

ROI

Participants:

Search

Posts: 9

Chicapper

Veteran

Joined: Jan, 2011

Posts: 1595

Posted: May. 26, 2011 - 1:52 PM ET #1

New to all of this but out of curiosity, what kind of ROI are you looking for?

Thanks for any responses!

0

ogmike

Veteran

Joined: Jul, 2002

Posts: 2947

Posted: May. 26, 2011 - 10:13 PM ET #2

100%+ but I'm currently taking more of a gamble than what one would call investing. As an investor, if I could get anything over 10%, I think would be happy.

0

Chicapper

Veteran

Joined: Jan, 2011

Posts: 1595

Posted: May. 27, 2011 - 2:00 PM ET #3

Quote Originally Posted by ogmike:

100%+ but I'm currently taking more of a gamble than what one would call investing. As an investor, if I could get anything over 10%, I think would be happy.

I was thinking about 10% but I needed to hear that from someone else! Thanks!

0

misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: May. 27, 2011 - 5:18 PM ET #4

depends on what kind of investing/trading youre doing

0

Local

Banned

Joined: May, 2011

Posts: 3

Posted: May. 31, 2011 - 12:59 AM ET #5

Quote Originally Posted by ogmike:

100%+ but I'm currently taking more of a gamble than what one would call investing. As an investor, if I could get anything over 10%, I think would be happy.

I can get you 12% on your money.

0

ogmike

Veteran

Joined: Jul, 2002

Posts: 2947

Posted: May. 31, 2011 - 12:00 PM ET #6

Quote Originally Posted by Local:

I can get you 12% on your money.

PM me so I can give you my bank account number and SSN. Thanks!

0

Chicapper

Veteran

Joined: Jan, 2011

Posts: 1595

Posted: Jun. 7, 2011 - 1:48 PM ET #7

Quote Originally Posted by ogmike:

PM me so I can give you my bank account number and SSN. Thanks!

0

spocsstocks

Veteran

Joined: Sep, 2002

Posts: 1263

Posted: Jun. 9, 2011 - 11:36 PM ET #8

Anyone who has anything to do with investments knows about the rule of 72. This means that you divide 72 by your interest rate. So if you have an interest rate of 6%, it would take 12 years to double your money. Keep in mind, this actually works well for fairly low interest rates, as the interest rate climbs the imperfections of the formula begin to show. Another important thing to note is that this is just for simple, annual interest. If the interest rate is compounded on a different time frame, you should remember to take that into consideration and adjust your timescale accordingly.

Me and my friend trade stocks at work and we both dollar cost average over the long haul. Basically your long term goal, in this case 7 years, your goal should be to double your money. Thats what we try to do double our money every 7 years. In this case you can see 7x10=70 (7pct return for 10 yrs) From the formula we gave you, you can see you need 72. to double your money. So in ten years you still havn't doubled your money. Therefore your return needs to be greater than 7% a year. If you ask us a good number it would be 10.2 to 10.5 pct a year. That way you would at least double your money every 7 years. If you can do better than that for a long period of time you should could consider yourself a good investor. Hope that helps.

0

Chicapper

Veteran

Joined: Jan, 2011

Posts: 1595

Posted: Jun. 11, 2011 - 3:47 PM ET #9

Quote Originally Posted by spocsstocks:

Anyone who has anything to do with investments knows about the rule of 72. This means that you divide 72 by your interest rate. So if you have an interest rate of 6%, it would take 12 years to double your money. Keep in mind, this actually works well for fairly low interest rates, as the interest rate climbs the imperfections of the formula begin to show. Another important thing to note is that this is just for simple, annual interest. If the interest rate is compounded on a different time frame, you should remember to take that into consideration and adjust your timescale accordingly.

Me and my friend trade stocks at work and we both dollar cost average over the long haul. Basically your long term goal, in this case 7 years, your goal should be to double your money. Thats what we try to do double our money every 7 years. In this case you can see 7x10=70 (7pct return for 10 yrs) From the formula we gave you, you can see you need 72. to double your money. So in ten years you still havn't doubled your money. Therefore your return needs to be greater than 7% a year. If you ask us a good number it would be 10.2 to 10.5 pct a year. That way you would at least double your money every 7 years. If you can do better than that for a long period of time you should could consider yourself a good investor. Hope that helps.

Thanks Spoc

0

All Forums | Investments

About Us

Contact Us
Careers
Our Team
Brand
Testimonials

Betting Guides

Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming

Sports Betting

US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps

Contests

Streak Survivor
King of Covers
Ultimate Race
Office Pools

The Covers community has

618,670

lifetime members worldwide

Join our community today

Established in 1995,
Covers is the world
leader in sports
betting information.

Site Map Help Privacy Terms of Service

Covers is verified safe by: Evalon Logo

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.

ROI

Hot Forum Topics