Best strategy for turning $100k into $1 million

Sucker bet imo. What are the odds you win 5 straight hands? Better strategy is to pick your four luckiest #s at the roulette table and put $25K on each. Assume one of them hits; you're at $875K. At that point, a diversified portfolio of equities, with about 10% in bonds, should get you the rest of the way.

FYI smart money would do this at a European casino - they don't have a double zero.

Get an engineering degree from LSU.

Econ degree

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VTSMX

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Hmmm, may buy some admiral shares of this


Or smarter to buy multiple funds to diversity and not working about the expense difference

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VFINX, Admiral Shares

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This is the worst perfoming fund in my portfolio. Although it's a decent fund, I have other funds that are kick mad arse right now. I've been thinking about selling it and reallocate that money to better perfoming funds, but I always talk myself out of it b/c the fees are ultra low.

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If you were handed $100k no questions asked, what would your strategy be to grow it to $1 million and beyond?

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That depends on how much time I have to do it. If I have 100 years I'd put it into a bunch of index funds covering basically every sector in the world, put it in a trust and then forget about it.

If have have 100 minutes I'd put it all on something that pays ten to one and then forget about it.

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If you were handed $100k no questions asked, what would your strategy be to grow it to $1 million and beyond?

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Invest it for ~20yrs.

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Alabama, South Carolina, Ohio State and Oregon all cover.

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