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Originally Posted by esoteric1
All I can find is that she started with her "family inheritance." If this is important in the FOREX world, it's funny it's not mentioned anywhere what was the amount of that inheritance.
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It's important not only in FX but just about every type of investment, be it stocks, bonds, cash, real estate.The only true measurement of performance is consistant percentage gain year after year and after that you still want to average the years out for a true figure.
I'd take a guess and say the initial amount of the inheritance was left out for the sake of sensationalist reporting. 'Oh look she made 3.4mil'
Nanog hit the nail on the head. What if the inheritance was 100mil. She only made 3.5% for 2 years. She would have got a better result leaving the cash in the bank, maybe not in a Jap bank, but in Oz or NZ it would have earned 5-7% for each year.
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On the issue of tax, I believe Larry Williams wrote a book ' How to become invisible ' or something to that effect. I havn't read it but my friend who is a huge fan of Larry told me about it. He also told me Larry may have got nabbed in Sydney on his way to a meeting, the work of a stake out the Feds pounched on him, not sure if its true but I thought that was funny from an author of a book named 'How to become invisible'.