Originally Posted by
Alan Mendelson
Well as a matter of fact I know there are "plays" with huge percentage returns. But the percentage return while huge might actually be small in terms of actual dollars.
This is what you "percentage quoters" fail to mention.
Yesterday I had a percentage return of about 163%. That should put me in the exclusive AP club, I'd think. But in actual dollars it was peanuts.
Here's my play: a casino gave me $110 of free play. I ran it thru once and cashed out $175. That's a return of about 163% on the original $110 of free play and an infinite return of the zero dollars out of my pocket.
But the reality?
The reality is it was only $175.