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24-06-2016, 08:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
I want to ask how to calculate:
yesterday I dump $50k buying gold.(capitalizing on EU crisis)
today I sold off at the peak.
profit is $1350
1350/50000 x1oo = 2.7% in 2 days.
then my insurance friend tell me this.
aiyo 2.7% is nothing loud to shout about.
nsf and some bank can get 2% interest rate by saving.
you just earn 0.7% more than them
I want to ask:
I reap 2.7% in 2 days.
how to convert rate of investment profit into a year since bank and nsf is base of 365days 1 year?
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?231820-how-to-calculate-rate-of-investment&goto=newpost).
I want to ask how to calculate:
yesterday I dump $50k buying gold.(capitalizing on EU crisis)
today I sold off at the peak.
profit is $1350
1350/50000 x1oo = 2.7% in 2 days.
then my insurance friend tell me this.
aiyo 2.7% is nothing loud to shout about.
nsf and some bank can get 2% interest rate by saving.
you just earn 0.7% more than them
I want to ask:
I reap 2.7% in 2 days.
how to convert rate of investment profit into a year since bank and nsf is base of 365days 1 year?
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?231820-how-to-calculate-rate-of-investment&goto=newpost).