RE:RE:RE:RE:Seems like there is a lot of M&A discussion.ARGONAUTGOLD wrote: You’re certainly handling that 50% loss very well, Sclarda. I can’t even tell you’re upset from your multiple raging posts in the last 48 hours. Using your 5% GIC, if you keep reinvesting, you could earn back your substantial loss in approximately 8 years through compounded interest.
Look everyone its the fellow who said that this is his final response to me but has since responded to several of my posts. So we know that he is a liar but some liars are still smart and good with numbers so we may still learn from them. Is Argo one such person?
Lets take a look. For arguments sake lets say he is correct about my 50% loss which is not true because i sold some on the way down bought near the lows and sold some at higher prices than now. For arguments sake and to soothe Argos Ego we will use that as fact.So he says that after my 50% loss i could use a 5% GIC to regain my loss in 8 years.
To make it as simple as possible for folks like Argo i will use round numbers. Lets say i had 100k in AR and lost 50% That would leave me with 50k Putting that 50k into a 5% GIC would give me 52.5 k
after 1 year. 55.1k after year 2 57.9k after year 3 60.8k after year 4 63.8k after year5 67 after year 6 70.4k after year 7 and 73.9k after year 8
Taking that 73.9k lets make it simple for Argonand round it off to 74k From there we have to allow 25% for income taxes on the 24k in profits or around 6k leaving us with aprox. 68k left after 8 years of a 5% GIC Seeing as we started with 100k in our example and only ended up back at 68 k after losing half and 8 years of a 5% gic it appears Argo cant add very well and is also a proven liar.
All the board pumpers and massive bagholders keep listening to the liar who cant add and you will likely do just as well as he is.
ha ha ha