re: Games of Skill - "Casinos" Skyrocketing in Arkansas

quote:

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You understand you threw out the 10% number right?

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Yes I did. I need to stop assuming people understand tax implications, simple verses compounding interest etc. which can easily negate or effect a portion of your return. Also, not to confuse people with interest earned verses interest paid. They can work with or against each other.

quote:

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I showed you how a person can obtain over $2mil by an annual 10-12% with an investment of $2000 year.

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I do not disagree if you reinvest the interest (compound).

However, do not forget to add inflation, annual tax rate, capital gains and either compound or simple interest.