Mirror Trading International

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MONTHEBIFF733B

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Venator said:
hmmm, not quite sure what you mean.

They state that normal members will get around 10% profit per month (just from ROI). If we were to assume an average daily profit of 1% for MTI, and thus 0.4% to members via ROI, and you start with $100..after 20 days (5 days a week, 4 weeks):

100 x (1+ 0.004)^20 = 108.3 = 8.3% profit
Click to expand...

I will do a 5 days side by side comparison and then inbox you...
 
aofafrica

aofafrica

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Clever prosecution.
Nail one and get him on side to nail the others more effectively.

Many politically connected celebrities shxttxng themselves I am sure...

www.sowetanlive.co.za

VBS Mutual Bank's former CFO Philip Truter gets 10-year jail sentence

Former VBS Mutual Bank CFO Philip Truter has been sentenced to 10 years in prison for financial crimes committed when the bank was looted of over R2bn. Of the 10 years, seven is direct imprisonment while three years has been suspended for five years. Truter also entered into a plea agreement...
www.sowetanlive.co.za www.sowetanlive.co.za
 
Speedster

Speedster

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aofafrica said:
Clever prosecution.
Nail one and get him on side to nail the others more effectively.

Many politically connected celebrities shxttxng themselves I am sure...

www.sowetanlive.co.za

VBS Mutual Bank's former CFO Philip Truter gets 10-year jail sentence

Former VBS Mutual Bank CFO Philip Truter has been sentenced to 10 years in prison for financial crimes committed when the bank was looted of over R2bn. Of the 10 years, seven is direct imprisonment while three years has been suspended for five years. Truter also entered into a plea agreement...
www.sowetanlive.co.za www.sowetanlive.co.za
Click to expand...
Wrong thread
 
tetrasect

tetrasect

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Aug 22, 2009
Messages
9,105
MONTHEBIFF733B said:
Hi guys help me here with an calculation...



So if MTI claims to trade with a 1% daily average, the investor’s cut is mos 0.4% right? So the investor gets the profit devided by 2.5



1 - So lets say I trade with R100 at 1% daily return (weekdays and compounded daily). After one year I would have made R3651.04 interest. If I devide that by 2.5 to calculate the investor’s cut, I get R1460.416 which is more than 14 times the initial investment


2 - If however use the 0.4% as the interest rate from the get go to calculate the yield of R100 after a year, I get R328.84 interest wich is just over 3 times the inital investment.


So herein lies the rub for me. According to me, the correct way to calculate the investor’s cut is the first calculation: 1% yield every day, devided by 2.5 evey day.



The results the investors seem to get from the back office, however, reflects results more towards calculation number 2 (even the website’s calculator indicated a +- 3 fold yearly growth when it was still up) which I think is dead wrong.



You can only devide the yield by 2.5 at the end of the day. You can’t devide the interest rate by 2.5 before even starting to trade.



Right?
Click to expand...

Let's just calculate 1 day for a R100 investment.

At 1% you get R1.- interest which divided by 2.5 is 40 cents.

At 0.4% you get 40 cents interest.

Either way you now have R100.40

The next day will be the same, 0.4% is the same as 1% divided by 2.5

The mistake you made (at the beginning of your post) was compounding daily at 1% without dividing by 2.5 daily (which would incorrectly mean you had R101.- after 1 day)
 
M

MONTHEBIFF733B

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166
tetrasect said:
Let's just calculate 1 day for a R100 investment.

At 1% you get R1.- interest which divided by 2.5 is 40 cents.

At 0.4% you get 40 cents interest.

Either way you now have R100.40

The next day will be the same, 0.4% is the same as 1% divided by 2.5

The mistake you made (at the beginning of your post) was compounding daily at 1% without dividing by 2.5 daily (which would incorrectly mean you had R101.- after 1 day)
Click to expand...
O YES OF COURSE!!! And it’s only the 40% fraction that goes back into trading with the investor’s capital the next day. The other 60% fraction is completely removed from the compounding equation each day. I mistakenly decided that the full 100% yield goes back into trading the next day.

I’ll stop irritating everyone...starting....now
 

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adslrouter

adslrouter

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expedite said:
PM says "because in reality if anyone was being unethical even so called verified accounts could be fudged " actually no, that's not verified then. Verified in the accounting sense means that it has been established with 3rd party evidence and is beyond doubt.
Click to expand...

they battle with 3rd party............they have their own internal 1st party head auditor of trading

1st better than 3rd :thumbsup:
 
Speedster

Speedster

Honorary Master
Joined
May 2, 2006
Messages
21,684
MONTHEBIFF733B said:
O YES OF COURSE!!! And it’s only the 40% fraction that goes back into trading with the investor’s capital the next day. The other 60% fraction is completely removed from the compounding equation each day. I mistakenly decided that the full 100% yield goes back into trading the next day.

I’ll stop irritating everyone...starting....now
Click to expand...
Which is what I told you in #8529 already
 
W

Wary GOM

Expert Member
Joined
Aug 23, 2019
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Venator said:
Sing Willie, siiiiiiiiiiiiiing
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YES! I wonder how well Willie sang in the church choir?
Seriously, don't forget that Willie is facing criminal charges which can be settled quite quickly. He is also facing civil claims which can take a LONG time. The lawyers handling the civil claims know that he has recently opened an account with MTI.
 
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