re: showdown Acturtle says "Of course 30% a year is...

re: showdown Acturtle says "Of course 30% a year is achievable.
Don't delude yourself."

OK, Acturtle, where are they? Where are these traders making consistent 30% compounded profits? They don't exist. This return compounded over a trading lifetime would produce the worlds richest man, surpassing Buffett with his mere 28% compounded return.

Assume Mr Trading Joe starts at age 20 with $10000 in the kitty. This is his bright future @ 30% pa:

age year assets
20 1960 10,000
21 1961 13,000
22 1962 16,900
23 1963 21,970
24 1964 28,561
25 1965 37,129
26 1966 48,268
27 1967 62,749
28 1968 81,573
29 1969 106,045
30 1970 137,858
40 1980 1,900,496
50 1990 26,199,956
60 2000 361,188,648
70 2010 4,979,292,230
80 2020 68,643,771,727

At 2002 he should have at least $400m. Enough to make him one of Australias richest men. But there are no Joe Traders in the rich list. None. Why not?

Name a single large successful mutual fund with a trading philosophy? There are none.