Friday, October 19, 2007

Black Friday

At the outset I have to admit this is my first blog ever! What drew me to this is the series of events in Wall Street on this Black Friday where the basics were relearnt time and again. The Blog is an online diary - someone told me. So what - I stopped writing diary ever since school. Let me not deviate now.

I want to be a Trillionaire. Well, yes, a USD Trillionaire. My philosophy in life is different - Make as much money when you are young and having a lot of energy to spend it. An expensive car, a royal home, fly in private jets, own an island off Mauritius. The power of compounding overwhelms everyone. The rule of 72 defines the years needed for doubling ones money. Even assuming I double my money every four years (compounded at 18% p.a) my seed of USD 30,000 will turn into (paltry) 32 Million USD in 40 years! How measly! So, here I am, trying to beat the market every single day of my life in my quest to become a Trillionaire - perhaps the first in the world. Can I do it? This is a summary of my past experiences, my daily tryst with truth (Read Wall Street and its gimmick creators) in reinventing wheels and finding out the best solution. I know I will succeed some day - well - in the next 20 years.

Hope you have fun with my blogs!

No comments: