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Turning $100k into $1M
Posted on 8/10/20 at 5:31 pm
Posted on 8/10/20 at 5:31 pm
Curious to hear some of the board's more aggressive growth strategies. Obviously completely hypothetical, but let's say you were offered $100k and the only way you can accept it is if you map out a 5 year plan to turn it into $1M. Upon accepting you immediately must go about working this plan and 'go for broke' so to speak. You either make it to a million and get to keep it all, or fall short and have to return the $100k and anything you made. And if you lose the $100k because of the necessary risks you were taking to try to grow it, then no harm no foul, you just walk away.
You either make it to a $1M and keep it all, or fall short and walk away with nothing. What's your plan?
You either make it to a $1M and keep it all, or fall short and walk away with nothing. What's your plan?
28
Posted on 8/10/20 at 5:34 pm to Grateful Reb
quote:
And if you lose the $100k because of the necessary risks you were taking to try to grow it, then no harm no foul, you just walk away
In that case I'm just going to hit the roulette wheel
Posted on 8/10/20 at 5:35 pm to Grateful Reb
10x growth in 5 years is pretty hard.
I'd go to the casino, put it on black 3 times to get to 800k then hit the stock market.
I'd go to the casino, put it on black 3 times to get to 800k then hit the stock market.
Posted on 8/10/20 at 5:48 pm to Grateful Reb
Probably some agressive AAPL calls for me
Posted on 8/10/20 at 6:02 pm to Grateful Reb
quote:
You either make it to a $1M and keep it all, or fall short and walk away with nothing. What's your plan?
Vegas roulette table
Posted on 8/10/20 at 6:14 pm to Grateful Reb
I use LSUAlums 1.5% weekly gain strategy.
Posted on 8/10/20 at 6:18 pm to PillPusher
quote:
use LSUAlums 1.5% weekly gain strategy
Posted on 8/10/20 at 6:18 pm to Grateful Reb
The biggest problem with the market right now is the huge influx of people treating it like a casino. There’s no get rich quick scheme for 99.9% of Americans. Grow your money long term or just go buy a bunch of lotto tickets.
Posted on 8/10/20 at 7:09 pm to Grateful Reb
Easily real estate.
Posted on 8/10/20 at 7:17 pm to Grateful Reb
January 2021 AMD 85$call option
Eta amd 01/2021 for 85$ are 1875 poer contract.
85$ for 01/2022 are 2185
Legit buying
Eta amd 01/2021 for 85$ are 1875 poer contract.
85$ for 01/2022 are 2185
Legit buying
This post was edited on 8/10/20 at 7:22 pm
Posted on 8/10/20 at 7:21 pm to Grateful Reb
Use to lever up and buy a business to grow. Equity with some SBA debt, it’s doable with a lot of hard work and effort.
10x in five years is going require leverage and you’re going to need to build and/or grow a business significantly.
10x in five years is going require leverage and you’re going to need to build and/or grow a business significantly.
Posted on 8/10/20 at 8:03 pm to Grateful Reb
The best strategy for this game is to choose a single stock imo. The point is this type of investment will be an outlier; if you choose too many investments it will reduce risk and also reduce potential upside.
I’ll put the 100k of yours into Roku. Let’s reconvene in August 2025 and see if I get the million
I’ll put the 100k of yours into Roku. Let’s reconvene in August 2025 and see if I get the million
Posted on 8/10/20 at 8:56 pm to Grateful Reb
How much free time do you have?
Posted on 8/10/20 at 8:57 pm to Grateful Reb
Your best bet is crypto. Unless you make several once in a lifetime trades, stocks will never appreciate 10X in 5 years even in the best of markets.
I’d go $30k into BTC, $20k ETH, $10k LINK, $10k ADA, $5k XRP, $5k XLM, $20k mix of higher risk alts.
I’d go $30k into BTC, $20k ETH, $10k LINK, $10k ADA, $5k XRP, $5k XLM, $20k mix of higher risk alts.
Posted on 8/10/20 at 9:08 pm to Grateful Reb
45k AUPH and 45k NAK. 10k to play calls on all the dips in silver and gold as the fed continues to kill the dollar.
Posted on 8/10/20 at 9:51 pm to Grateful Reb
50% per year would be Almost enough.
Might want to start a business.
Might want to start a business.
This post was edited on 8/10/20 at 9:54 pm
Posted on 8/10/20 at 10:08 pm to Grateful Reb
Easy, 150 Jan 21 FDX 250 strike call options. Sell when Strike hits $306. That’s a mil by January.
This post was edited on 8/10/20 at 10:11 pm
Posted on 8/10/20 at 11:52 pm to blueboxer1119
quote:
Easily real estate.
found the boomer lmao
Posted on 8/10/20 at 11:59 pm to Grateful Reb
Flipping mobile homes in Mississippi and Arkansas.
Posted on 8/11/20 at 7:00 am to Mr Perfect
quote:
found the boomer lmao
Im 37
Just my .02.
This post was edited on 8/11/20 at 9:08 am
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