This is a discussion thread · 5 replies
Anonymous:If I start with a £250 bank and I make 1% a day how much will I make in a year?
Here you go Go for 2% - big difference
1% = 9,445.86
2% = 344,352.07
Good luck with your 1% a day challenge. Let us know how you get on. It's not easy at all! Need to be betting on exchanges to do it.
I tried the 1% a day system last year.... I got to day 57 and got stung in a hose race in-running. It's a difficult thing to do and not recommended. If people are willing to lay then there is always a chance that a selection can lose - however small.
Good luck if you do try though and keep us posted.
You also have to bear in mind how much of that will be going to the exchanges in comission, it must total up to a large amount.
It's extremely difficult to do but fun trying. I've never tried it but had a few friends who have - I might try it with a 100 Euro bank though.