advice for a young trader ??, page-60

Hi Rohan T firstly strike out the word in your heading trader and put in the word investor.If your son can save $5000 a year and invest in small caps making profits with a descent balance sheet.At a 30% return PA he will be a millionaire by 33.If he can do better than 30% he will be a millionaire quicker.If he can make 15% by 42.Get him away from trading and teach him how to read a profit/loss balance sheet and cashflow.Pick up an annual report and pick the eyes out of it.Keep away from commodity businesses.