The Retirement Plan in Practise
Hi all,
I quite often revisit articles and strategies that have been published in the past, especially ones that the “collective we” may have been involved with, such as with On Course Profits etc.
One that came to mind recently had the following headline: –
Retire in 10 years with £905,539.40 in the Bank starting with just £100
Quite a catchy title you might agree!
In essence the piece talks about achieving a nominal profit each day and then reinvesting that to compound the growth.
It just so happens that for several months we have been proofing live a football-based trial in the On Course Profits Platinum Members area, and the results to date have been quite eye catching.
In addition to that I had been receiving the daily selections from the Football Guy for several months prior to the trial going live on On Course Profits.
The winning strike rate has been more than 80% so yes there have been losers but equally the winning runs have gone as high as 15 on the bounce.
The basic premise is The Football Guy selects one bet a day, on most days, that has a very strong chance of winning, and by its nature the market will be wise to that fact and therefore the prices will be odds on.
However, overtime the high strike rate has produced a solid return, and the approach seems a perfect fit to work in conjunction with The Retirement Plan.
Results to date
Starting on the 1st of August and using a daily target of 1% growth the original bank, 100 pounds, the first week went with a clean sweep of winning selections. The bets were a mix of strong favourites for a home win (5 from 5), a home win with a cover on the draw otherwise known as a double chance (1 from 1) and an away win (1 from 1).
After the first week the 100pts bank was at 107.83pts, with the target at that stage being 107.21pts. Of course, I am using pounds, but I think it’s easier to equate to points given the nature of the activity.
On to week 2
The first four days of the second week produced positive results with plenty of goals in an over 1.5 goals selection, and a trio of comfortable home wins although one had to come from behind to achieve it.
So, after 11 straight wins we had a first loser with a nil-nil draw, and that was followed by the second reverse with a game staying 1-1 (needed a 3rd goal) despite there being 60 minutes of play to get another goal.
It was slightly unnerving to hit two consecutive losers off the back of 11 winners, but on checking the bank we were still in profit by 4.31%.
The Retirement Plan spreadsheet carried out its calculations and we placed the appropriate stake on the selection for Day 14 and the home win wager went well with a 2-0 win, so we moved back in the right direction.
As off the 14th of August the original bank (100pts) now sits at 106.40 and there have been 12 winning days and 2 losing days.
Until next time
Steve Carter