Quote:
Originally Posted by DoTheMaths--
Just do the maths ... 1 student pays $3,000. If there are 100 students enrol, the trainer makes $300K per course and he only teach 2.5 days - saturday, sunday in hotel meeting room plus 1 week night in his office. If he managed to run 12 classes in a year, that's a wopping $3.6m! And he only work once in a month, only 2.5days per month. And since he booked a hotel room, he probably would gather more students. You can do the maths ... if there are more than 100 students in a class.
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I was at the Invest Fair 2009 today. The get rich seminars there are on overdrive.
One forex trainer claims he and his students can "consistently" achieve 10% profit a month. He even repeated that it's "10% a month" and not "10% a year".
He even illustrated how 10k can compound at 10%/mth to about 100k in 24 months, obviously hinting that it's easy for him to multiply his capital by 10 folds in 2 years.
As some of the above posts say, it's not too hard to see these self-proclaimed alpha traders actually make money from conducting courses.
Well, I know some who justify that they "truly" want to share their knowledge and help others get rich. Yeah right. If they are indeed so altruistic and can really get 10%/mth return like what the forex "guru" claimed, I suggest Temasek Holdings and
GIC hire them, cos according to my calculations, at 10%/mth compounding, $10k will become $1 billion in just over 10 years and hit $1 TRILLION in 16 years and 2 months.
"10% a month consistently". Yeah right.