OtherGround Forums How would you turn $10k into $100k

25 days ago
7/25/09
Posts: 1126

Keep the 10k and put in high interest saving like Ally or vanguard total stock market fund...then keep building that nest egg...anything ellse ur probably just throwing away money

25 days ago
3/18/02
Posts: 88067
Whambo - 
BigEyedFish -
Whambo - 

Keep it cash and wait for a large market dip. Keep your eyes on some stocks beaten bad on the dip but still fundamentally sound. Buy calls on their way back up.

 

 


Ive done this and made money. Havent bought calls.  Can you explain that part? 

Options trading, you're basically betting that the stock will be a certain value by a certain date. You have the option to buy the stock then at that given price. As I understand it because the calls will be less money than the stock price, so you can therefore hold more options than actual stocks.

 

If it doesn't reach that value by the date you can risk losing it all tho I believe, unlike a stock where you'll always have some value as long as it doesn't hit zero.

 

If I remember correctly Mark Cuban used calls on the S & P itself following the 08 crash.


thanks!

Edited: 25 days ago
4/1/10
Posts: 59942
BigEyedFish - 
Whambo - 
BigEyedFish -
Whambo - 

Keep it cash and wait for a large market dip. Keep your eyes on some stocks beaten bad on the dip but still fundamentally sound. Buy calls on their way back up.

 

 


Ive done this and made money. Havent bought calls.  Can you explain that part? 

Options trading, you're basically betting that the stock will be a certain value by a certain date. You have the option to buy the stock then at that given price. As I understand it because the calls will be less money than the stock price, so you can therefore hold more options than actual stocks.

 

If it doesn't reach that value by the date you can risk losing it all tho I believe, unlike a stock where you'll always have some value as long as it doesn't hit zero.

 

If I remember correctly Mark Cuban used calls on the S & P itself following the 08 crash.


thanks!

 

Index options are very different than equity options, they are very volatile and the risks are very high. I don't think he was trading index options, if I remember right he was buying puts and calls on SPY and DIA options.

In 2008 Cuban was dumping money into MLPs and MBS for his longer term speculative investments, that was his main strategy.

On really down days he was buying out of the money calls on the S&P, then rolling them into PUTS. He was doing this as a very short term strategy, a few hours, or a day.

You can lose your shirt in a minute trading like this. Cuban wasn't running a black swan strategy like Burry or Front Point. He waited for the vol to hit, then traded the vol.

Cuban is a gambler wiht big balls, lots of cash, and a strong stomach.

If you wan tto see the other side just look up articles on all the traders that ate shit on the VIX short. They were likely much smarter (trading wise) than anyone on this board.

 

25 days ago
4/13/12
Posts: 28255

plastics

25 days ago
1/1/01
Posts: 14608

I’d have sex with the top 5 porn stars from other thread. 

How that becomes 100k is beyond me but at least I fucked 5 porn stars!!

25 days ago
12/10/18
Posts: 702
Zned -

I am sure someone on here is pushing an MLM/stock trading/autoexport/FOREX scheme that will pique your interest.

What should someone do with 10k to invest, in your opinion?

 

How long would it really take to turn 10k into 100k? 

25 days ago
1/1/11
Posts: 6838

Spend the 10k on a sex change operation. Go for the big boobs option. Become a high class hooker. What could go wrong.

 

Ps dont forget to change back when you're done.

25 days ago
7/24/14
Posts: 1155

Trading is the only legal route I can imagine. You would either need to get lucky on a big win or you would likely need a few years of experience before you could attempt to get 10x return in a year. 

 

25 days ago
10/12/13
Posts: 5825
solidsnake - 
blas4ublasphemy - Maybe buy $10,000 worth of steroids, do them and become a pro-wrestler?

and if you don't make it, sell the remaining steroids to up and coming pro wrestlers to break even?

Nice! Although if you didn't do ALL the steroids than I question your commitment in the first place.
25 days ago
6/13/07
Posts: 12422
Everyone is saying securities of some kind.... no way are you going to get 1000% return unless you buy a penny stock that gets bought by Amazon.


25 days ago
3/12/07
Posts: 11255
MoreThanUFC - Flip cars.

Look into ADESA Auto Auctions. It isnt that hard to get a dealer number. Most sell for 40-60% of book value, sometimes even less if they were fleet or rental cars.

This is probably the most sound idea yet, but the amount of work to 10x the investment would be a full time job and take the full year, imo.

 

25 days ago
3/12/07
Posts: 11256
MoreThanUFC - Everyone is saying securities of some kind.... no way are you going to get 1000% return unless you buy a penny stock that gets bought by Amazon.


This. Other way is shorting right before a bubble burst or other major market meltdown, but more people would lose money on shorting before making it 10x the investment.

Edited: 25 days ago
4/1/10
Posts: 59944
LieDetector - 
Zned -

I am sure someone on here is pushing an MLM/stock trading/autoexport/FOREX scheme that will pique your interest.

What should someone do with 10k to invest, in your opinion?

 

How long would it really take to turn 10k into 100k? 

 

 

This.

 

If you wanted to turn 10k into 100k you would need to risk the entire thing, and hit the jackpot. You would have to take a high chance of losing it all, and then have all the stars align. The investments that have the best chance of reaching that unheard of short term return are all going to require much more capital than $10k.

It is so unlikely it isn't worth the effort, because for most people, $10,000 isn't an insignificant amount of money.

 

My recommendation would be a simple portfolio of low fee MFs, or invest in yourself. If there is an educational or certification, or charter that will increase your income over time, then that would be wise.

 

25 days ago
5/7/08
Posts: 21992

Multiply it by 10

25 days ago
5/22/16
Posts: 5811

A van, a pressure washer, and a paint sprayer. 

Edited: 25 days ago
4/1/10
Posts: 59945
WikiTheWalrus - 
MoreThanUFC - Everyone is saying securities of some kind.... no way are you going to get 1000% return unless you buy a penny stock that gets bought by Amazon.

 

This. Other way is shorting right before a bubble burst or other major market meltdown, but more people would lose money on shorting before making it 10x the investment.

 

What vehicle would you short for a 1000% return?

 

If you short $10k in stocks, the most you will make is $10k if they all go to zero. Utilizing to most margin you could get with $10k in a retail margin, theoretically, you could make $50k, but that wouldn't include your margin and borrow costs. You can't just short something and wait forever, there are costs to carrying that trade, and margin requierments where if it moves against you the custodian can call in more cash or force you to cover. Look at everyone that ate shit on the BYND short, of the VIX short. Most of them could say, "I was right, I just didn't have enough time"

In the housing collapse Burry returned 489%, and Paulson about 600%.

Soros didn't return 1000% in the GbP trade.

1000% returns are nearly non existent, especially in short selling scenarios.

You could try to short some synthetic or esoteric security, or like Paulson and Burry and Frontpoint just get them to make you someting that pays 200 to 1, but you need millions in capital for that, and even though some synbthetics had huge payouts, they also had huge carry costs  that caused the funds to hemmorage cash and crushed those returns.

Coming into some sort of bubble burst, lots of people see it. It isn't some scenario like they make out in movies where only a few people know. They trades get so crowded that the pricing gets completely fucked and you lose even if your hypothesis is correct.

It also takes massive balls or some sort of psychological malfuntion to bet the house agains BB BBB and AA tranches of FI securities.

25 days ago
9/5/12
Posts: 4880

Drugs

25 days ago
1/1/01
Posts: 49405

Risk & Reward always balance each other. You never find low risk and high reward. So if you're asking for high rewards, then you have to accept high risk

25 days ago
4/1/10
Posts: 59946
Paramount Donkey - 

Drugs


This is probably the most realistic answer.

25 days ago
10/10/02
Posts: 12586

How big are your balls? 

The answer you seek is....

Brokering cannabis

25 days ago
10/10/02
Posts: 12587
Zned -
LieDetector - 
Zned -

I am sure someone on here is pushing an MLM/stock trading/autoexport/FOREX scheme that will pique your interest.

What should someone do with 10k to invest, in your opinion?

 

How long would it really take to turn 10k into 100k? 

 

 

This.

 

If you wanted to turn 10k into 100k you would need to risk the entire thing, and hit the jackpot. You would have to take a high chance of losing it all, and then have all the stars align. The investments that have the best chance of reaching that unheard of short term return are all going to require much more capital than $10k.

It is so unlikely it isn't worth the effort, because for most people, $10,000 isn't an insignificant amount of money.

 

My recommendation would be a simple portfolio of low fee MFs, or invest in yourself. If there is an educational or certification, or charter that will increase your income over time, then that would be wise.

 

The staggering majority of Americans don't have 10 grand to their name, so id say it's fairly significant to invest for most people.

 

 

25 days ago
4/1/10
Posts: 59948

The staggering majority of Americans don't have 10 grand to their name, so id say it's fairly significant to invest for most people.

That is why I said it isn't an insiginifcant amount of money, which is why I said that my opinion would be a portfolio of low fee MFs (not ETFs) or an human capital investment in themselves.

25 days ago
2/8/08
Posts: 3633
How about exchanging it for Canadian currency? Might not get you the full 100k, but you'll be a lot closer.
25 days ago
12/10/18
Posts: 703
Zned -

The staggering majority of Americans don't have 10 grand to their name, so id say it's fairly significant to invest for most people.

That is why I said it isn't an insiginifcant amount of money, which is why I said that my opinion would be a portfolio of low fee MFs (not ETFs) or an human capital investment in themselves.

What kind of timeline would it take for your 10k to reach 100k with a mutual fund portfolio? 10 years, 20 years? 50 years?

25 days ago
6/29/10
Posts: 5278

Make a 3-5 bet parlay on some MMA fights / sports games. You could turn it into 100K or 0K depending on how good you are at predicting fights / games. But that’s part of the fun, isn’t it?