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re: Turning $100k into $1M

Posted on 8/11/20 at 7:39 am to
Posted by CE Tiger
Metairie
Member since Jan 2008
41880 posts
Posted on 8/11/20 at 7:39 am to
Crypto is actually the right answer but it’s risky.
Posted by anc
Member since Nov 2012
20384 posts
Posted on 8/11/20 at 7:50 am to
Buy a mobile home park.

Not kidding.
Posted by bass
Member since Oct 2016
4699 posts
Posted on 9/15/20 at 6:29 pm to
quote:

Easy, 150 Jan 21 FDX 250 strike call options. Sell when Strike hits $306. That’s a mil by January.


Sometimes I wish I’d take my own advice
Posted by Skorzany
Member since Dec 2018
356 posts
Posted on 9/15/20 at 7:00 pm to
Sell puts.
Posted by Shepherd88
Member since Dec 2013
4880 posts
Posted on 9/15/20 at 7:07 pm to
I think fentanyl has pretty high demand these days. Hit the streets.
Posted by LSUregit
Member since Dec 2013
1663 posts
Posted on 9/15/20 at 7:34 pm to
quote:

Turning $100k into $1M


I've accomplished this the past 4 months.
Posted by 3D
NJ
Member since Sep 2013
1289 posts
Posted on 9/15/20 at 9:19 pm to
Id open a Chick-Fil-A
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 9/15/20 at 9:25 pm to
AUPH every mother fricking dime.
Posted by hottub
Member since Dec 2012
3652 posts
Posted on 9/16/20 at 12:18 am to
Leverage, drug dealer, and roulette are the only ways I can think of
Posted by djrunner
Baton Rouge
Member since Jun 2010
5344 posts
Posted on 9/16/20 at 5:51 am to
quote:


Turning $100k into $1M
Easily real estate.


In 5 years you know an easy way to turn 100k into a mill. Tougher than you think in real estate.
This post was edited on 9/16/20 at 6:01 am
Posted by djrunner
Baton Rouge
Member since Jun 2010
5344 posts
Posted on 9/16/20 at 5:58 am to
quote:

Turning $100k into $1M
quote:
Easily real estate.


found the boomer lmao


LOL, boomers and X-Gen all know better. Otherwise they would all be worth millions. Millennial fo show.
Posted by LSU2a
SWLA to Dallas
Member since Aug 2012
2889 posts
Posted on 3/13/21 at 10:06 pm to
quote:

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.


Update:

If he had taken my advice his investment of $100K would now be approximately $470K about 7 months later. Not bad.
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 3/13/21 at 10:46 pm to
Judging by the last 2 months......Wait for GME to drop back into the 20-40 range. Hold-profit



Don’t do that and I am not a financial advisor
Posted by Richleau
Member since Dec 2018
4023 posts
Posted on 3/14/21 at 2:10 am to
Naw, just put it all in HUMBL or CATV.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11494 posts
Posted on 3/14/21 at 7:44 am to
quote:

Update:

If he had taken my advice his investment of $100K would now be approximately $470K about 7 months later. Not bad.


And crypto isn't stopping. It is now mainstream with many fortune 500 companies using the tech and/or invested in it.

Apps like Voyager make trading crypto ridiculously easy compared to a few years ago.
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 3/14/21 at 8:50 am to
VIX 50 strike calls Oct. expiration

SILJ (Silver Miners) $30 calls Oct. exp
Posted by ragincajun03
Member since Nov 2007
27412 posts
Posted on 3/14/21 at 11:05 am to
How's business for the Mexican cartel these days?
Posted by AUCE05
Member since Dec 2009
44902 posts
Posted on 3/14/21 at 11:29 am to
I would wait until crypto consolidates again, then put 100k on eth.
Posted by LSU2a
SWLA to Dallas
Member since Aug 2012
2889 posts
Posted on 3/14/21 at 11:41 am to
quote:

And crypto isn't stopping. It is now mainstream with many fortune 500 companies using the tech and/or invested in it.


Agreed. My crypto suggestion will probably hit $1,000,000 before the market peaks sometime this year. In hindsight the XRP suggestion wasn’t the best, and the lack of defi is unfortunate. For the $20K in higher risk alts I just used the total alt market cap to calculate, but that could have resulted in $1M by now depending on the alt.
This post was edited on 3/14/21 at 11:42 am
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5510 posts
Posted on 3/14/21 at 1:57 pm to
quote:

would wait until crypto consolidates again, then put 100k on eth.


Ether will never be what bitcoin is. And I have a bunch of ether coins.
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