Question:
I am a very new member. The question occurred to me as to whether one should remit 80% of each profit made (and I'm sure there'll be many) to one's other longer-term investment portfolio, or what?
Jackie
REPLY:
Excellent question! If you do not need the profits made in trading for day to day living, then I
suggest that you put 1/2 of the profits into your long term account. Then, just leave the remaining 1/2 of profits in your trading account. This way you will be doing three very important things.- Building the amount in your trading account for greater future trading power.
- Preserving money for taxes.
- Supercharging the increase of principle into your long term account.
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