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PhP1 million in 200 days?

batangmusmus · 43 · 6500

batangmusmus

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on: Dec 16, 2012, 01:36 AM
I read somewhere some time ago (I don't remember where exactly) that it is possible to make 1 million pesos in 200 days with just 20k of starting funds. Is this true?

Newbie here who finally signed up with COL after reading the forum for a while. Great stuff! :D
« Last Edit: Dec 18, 2012, 12:45 AM by FutureGizmo »


personalfinanceapprentice

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Reply #1 on: Dec 16, 2012, 01:56 AM
From that small amount of info, it sounds a bit like a scam.

If it's true, it's got to be a high-risk investment such as stocks or forex (gold trading?). But at an increase of 100x your starting capital in such a short amount of time, it might be just sales talk.

Hopefully other people here might know more about it.

Is there any other detail you remember about it?


pulubing_palaboy

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Reply #2 on: Dec 16, 2012, 02:31 AM
I read somewhere some time ago (I don't remember where exactly) that it is possible to make 1 million pesos in 200 days with just 20k of starting funds. Is this true?


it was true; but now, the minimum investment is 200K
10M in 200 days
our treasurer will issue a post dated check in your name
cash it in 201 days after we receive your money
come to our office in makati
we are a reputable company registered with the sec
i'll send you details via pm :)

please don't ask me to post details in this forum
we have to be keep details confidential
siguradong iku kumpara kami sa aman group
.
.
.
sige na, please
paloko ka naman sa amin bwehehehe




moto461

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Reply #3 on: Dec 16, 2012, 03:09 AM
it was true; but now, the minimum investment is 200K
10M in 200 days
our treasurer will issue a post dated check in your name
cash it in 201 days after we receive your money
come to our office in makati
we are a reputable company registered with the sec
i'll send you details via pm :)

please don't ask me to post details in this forum
we have to be keep details confidential
siguradong iku kumpara kami sa aman group
.
.
.
sige na, please
paloko ka naman sa amin bwehehehe


hahahaha..  nice one sir pp..  :cool2:


batangmusmus

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Reply #4 on: Dec 16, 2012, 10:16 AM
If I remember right, it was from a reputable analyst who gave tips (for free) on whether to sell/buy... kaya na engganyo ako mag sign-up sa COL. :D


anidiottrader

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Reply #5 on: Dec 16, 2012, 11:08 AM
Are you referring to this?

Reply #226

http://www.pinoymoneytalk.com/forum/index.php?topic=38769.15

If you have heeded the advice regarding MIH/B then you could have been off to a good start...  :hihi:

If still interested, feel free to contact the person in any ways possible..

Good luck to hitting that 1M with just 20K start-up after all, you said yourself, this came from a reputable analyst.

 :watchuthink:


vicces

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Reply #6 on: Dec 16, 2012, 11:26 AM
If I remember right, it was from a reputable analyst who gave tips (for free) on whether to sell/buy... kaya na engganyo ako mag sign-up sa COL. :D
Maybe u got the numbers mixed up or the Reputable Analyst got too excited and left out the other half of the disclosure-- it is also POSSIBLE that you have 1M to start in stocks and in 200 days it will become 20k. Now thats realistic and very achievable.


anidiottrader

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Reply #7 on: Dec 16, 2012, 12:06 PM
sabi daw kasi 20K start-up... then 1M in 200 days.. I would say possible yan, even shorter.  :hihi:

20K start-up then

960K follow-on investment within a week...

you'll surely hit 1M in less than a month if invested in an uptrending stock.

 :hihi:


harimon21

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Reply #8 on: Dec 16, 2012, 01:48 PM
this implies you need to bet your 20k (and the subsequent earnings) on winning stocks that gains about 2% for 200 days ng walang mintis. 
        20k*(1.02)^200=roughly 1M
Can one get this lucky? even in a bull market? What are the odds?


batangmusmus

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Reply #9 on: Dec 16, 2012, 02:07 PM
Well, I'm thinking diversification has a lot to do with it.

Personally, my plan is to spread out my initial resources, then move the losers to winning horses.

Making 1m in 200 days notwithstanding, this is a sound strategy, right?


anidiottrader

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Reply #10 on: Dec 16, 2012, 02:15 PM
this implies you need to bet your 20k (and the subsequent earnings) on winning stocks that gains about 2% for 200 days ng walang mintis.  
        20k*(1.02)^200=roughly 1M
Can one get this lucky? even in a bull market? What are the odds?


possible siguro.. I give the originator the benefit of the doubt. Let's take the case of MIH/B. Assuming he started investing before this stock began its outstanding rise, he's way ahead of schedule by now.

It would be interesting to know what happens after that on the 200th day.

 :hihi:

or maybe we shouldn't wait for that day and just ask Senyor. Maybe time & time again, he has been cruising that path.

 :watchuthink:


harimon21

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Reply #11 on: Dec 16, 2012, 02:39 PM
Quote
Well, I'm thinking diversification has a lot to do with it.

Personally, my plan is to spread out my initial resources, then move the losers to winning horses.

Making 1m in 200 days notwithstanding, this is a sound strategy, right?


Assuming this can be done, will diversification spread your 20k capital  too thin? This high target strategy requires for you to throw all caution to the wind IMHO.

Making 1M in 200 days is the plan. That is the easy part. The difficult part is how to spot the winners with an accuracy of close to 100% for 200 days.

I am interested, has anyone actually succeeded in doing this? or at least tried to do this?


anidiottrader

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Reply #12 on: Dec 16, 2012, 03:00 PM
I am interested, has anyone actually succeeded in doing this? or at least tried to do this?

same interest...  :hihi:

I'm dying to find out..

  :think:  :scratch:  :watchuthink:  :hmmph:


batangmusmus

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Reply #13 on: Dec 16, 2012, 05:50 PM
I'm thinking of starting with 25k and putting that in 5 different stocks, then playing tsupitero. Will this work?

Speaking of tsupitero, what's considered as acceptable profit margins in short-term trading? Is 10% on a 5k investment good enough (considering you will be jumping from one stock to another)? How much will the taxes weigh on this? I know COL's transaction fee is minimal.

This is disregarding the 1m in 200 days goal, which isn't looking all that plausible with what you guys are saying about it.
« Last Edit: Dec 16, 2012, 05:52 PM by batangmusmus »


vicces

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Reply #14 on: Dec 16, 2012, 07:02 PM
I dont know if my math is right, but 5k/stock x 5 >> 2% commissions/fees already diminishes ur purchase power by 10%... then a 10% gain per stock is only P500, and a intraday double digit gain rarely happens.. Very tedious and impractical with very little incentive, imho. Even a 25k/stock is still too low for me. But thats just me... Goodluck na lng cguro.


 


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