ExpertInvests offering incredible returns - any thoughts?

barnstar2077

Thrugelmir said:

daveharruk said:

Thrugelmir said:

daveharruk said:

With some fairly simple strategies it's perfectly possible to achieve returns of 10-20% per year, 

Nothing worse than over estimating ones own abilities as an investor. If only it were......

Perhaps you're underestimating your own abilities or are talking about discretionary trading? It does depend too on what you think is simple - clearly I'm not talking about buy and hold here, but are things like:
1. The backtested results I've seen from Andres Cardenal are all within that range.
2. https://www.trendfollowing.com/performance/  - 16.5% per year - Michael Covel's website
3. If you want to put a bit more effort in then Andrea Unger is claiming 30-35% per year for his algorithmic trading once you get good at it - and I am pretty sure he doesn't need to sell training courses making overinflated claims in order to make a living.
I could go on by giving more examples but the returns I quote for comparison as a rough guide are not in any way exceptional and most of them are incredibly simple systems.

Been an investor for many decades. Surprising how many times the wheel gets invented over and over again. More often or not it's more profitable to sell the concept than actually trade. 

This was my thought exactly.  If I was making 20% a month why would I need investors?  With an initial investment of 10k I would have a million in a little over two years.  Amazing to think that people fall for this sort of thing.

Edit:  I have a practically full proof idea involving cheesecakes.  I am not allowed to discuss it in here though :  (

Sorcerer2018

Just tried to work out return on $1000 at 20% per month, after 8.3 years or 100 months, you would have $82 trillion dollars, making you 820 times richer than the worlds richest man Jeff Bezos. Nice LOL.

Notepad_Phil

I think its actually $82 billion so Jeff Bezos would be safe for a few more months

doe808

'Dave' seems to have gone quiet...

BananaRepublic

doe808 said:

'Dave' seems to have gone quiet...

Probably looking for the next get rich quick scheme.

NottinghamKnight

Notepad_Phil said:

I think its actually $82 billion so Jeff Bezos would be safe for a few more months

Yes, definitely not worth bothering with it if it won't make me the richest person on the planet in 100 months, pathetic.

comment_as...

Yes it's a scam, but 12% isn't at all unrealistic. 10% is the long-term average market performance. Learn more about investing and start small in a high street bank's trading account. 

masonic

comment_as... said:

Yes it's a scam, but 12% isn't at all unrealistic. 10% is the long-term average market performance. Learn more about investing and start small in a high street bank's trading account. 

The OP was promised returns of 12% per month, not 12% per year.

Malthusian

comment_as... said:

Yes it's a scam, but 12% isn't at all unrealistic. 10% is the long-term average market performance.

12% per year is only realistic if you include periods of high inflation that are unlikely to be repeated in the future. (And if they are, it doesn't matter, as if inflation goes up 2% and your returns go up 2% you gain nothing.) Expecting returns of 12% per year for the future is unrealistic. That's 10% above the Bank of England's target inflation rate. The FCA considers 2.5%pa above inflation to be a "medium" growth target for equity-based investments, and 5.5% above inflation to be "high". That translates into 5% and 8% before inflation.

Anyone who claims they can produce consistent returns of even 12% per year, or even "guaranteed" 12% per year or any other equivalent, is a scammer.

steampowered

The possibility of a 20% gain is not worth the probability of a 100% loss.