A Dollar Doubled Every Day For A Month

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A dollar doubled every day for the 30 days that make up an average month would amount to $_________

Assuming a genie just appeared before you and asked you to choose between these two options — giving you a dollar today and doubling it every day for 30 days or giving you $1 million today — which one would you choose? The truth is, most people would choose to have $1,000,000 today.

This raises the question: how much does a dollar doubled every day for a month end up being?

Here you can read even more about this: https://www.quantifiedstrategies.com/how-much-does-a-dollar-doubled-every-day-for-a-month-end-up-being/

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Quantified Strategies (SIA Lofjord) is not an investment advisor. The content and information provided are educational and should not be treated as financial advisory services or investment advice. Trading and investment in securities involve substantial risk of loss and is not recommended for anyone who is not a trained trader or investor – it shall be conducted at your own risk. It is recommended that you never risk more than you are willing to lose. Leverage can lead to substantial losses. Any use of leverage, margin, or shorting is at your discretion. Quantified Strategies (SIA Lofjord) is not responsible for any losses that occur as a result of its content and information.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, Since the trades have not been executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representations are made that any account will or is likely to achieve profit or losses similar to those shown.