Good morning all,
After a previous false start at trying my hand at trading (due to the arrival of my first little bundle of joy) I have finally found the time and motivation to get back into things.
I am still at the very early stages of developing a trading system and will not be looking at trading with any real money for at least 12 months.
At the moment I am trying define what my objectives are and of course, like most people here, profit is one of them. I know that I can get 6.0% - 6.5%pa from a bank account with very little risk, and I can get 7% - 10%pa in a managed ASX share portfolio with a little higher level of risk. Given that I would be looking at trading ASX shares myself with a moderate capital investment ($50000) and the increased level of risk what sort of returns are realistic?
I know that it is of course going to be dependant on my success as a trader, but I am really looking for very rough indications of what others are achieving. I don't want to set an objective that is completely unattainable.
Is 20%pa out of the question? Are there people doing better?
Thanks for your time.