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There are several ways to evaluate this.
1. Are you including the costs associated with trading such as
commissions, data/information, reference/advisory services, computer(s),
office, secretary and so forth? Don't forget to include accounting services,
social security, taxes, health insurance, disability insurance and
retirement.
2. You should give yourself a salary. It should not be more than you
might earn in a similar position, and probably should be less as you should
live prudently.
3. When you add up all your costs and necessary expenses don't be
surprised at your real net profit.
Hope this helps
Lionel
_____
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Code 2
Sent: Tuesday, January 31, 2006 9:30 AM
To: chichungchoi
Subject: Re: [EquisMetaStock Group] How much to pay you based on your return
on investment?
>In running a business as a trader, if one constantly make 100%
>profit per year from ROI, then does anyone know on what percentage he
>should take from his profit as his salary in order to balance between
>his salary and the growth of ROI? Since trader also needs pay check
>to survive, he cannot simply returns 100% profit back into
>investment, how to determine the amount of his pay check?
>Does anyone have any suggestion?
>Thank you
>Eric
If a person started with $1,000 and made a 100% return per year,
they'd be a billionaire in 20 years and a trillionaire in 30 years. A
paycheque is irrelevant because a 100% annual return is not
sustainable. Work on risk management and consistency of returns,
first. The paycheque will come later.
--
In a veterinarian's waiting room: Be back in 5 minutes. Sit! Stay!
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