You're given $10,000 and....

[Nate Dawg]

You have to grow it into $2 million in 10 years.

How would you go about it? Stocks, bonds, real estate, start your own business?

For whatever strategy you choose: Why? What risks would you take on?

Realistic strategies only. No drugs, etc.

 

[keepemup]

$10K isn't a lot but probably the quickest and riskiest way to make that money would be stocks - tech stocks imo.

The surest/safest way would probably be real estate or some other legitimate business.

I don't think there's any bond that would turn 10K into 2M.

 

[Meta Reign]

Real estate easily. Not that you would reach 2 mill easy, but you would have a far better shot than the others. . . But $10K ain't shyt to start anything. . .

A somewhat realistic strategy would be to look into copping a tax lien certificate and hopefully get to flip that crib.

 

[franknitty711]

Take that 10K and try to flip it.

 

[satam55]

$10K isn't a lot but probably the quickest and riskiest way to make that money would be stocks - tech stocks imo.

The surest/safest way would probably be real estate or some other legitimate business.

I don't think there's any bond that would turn 10K into 2M.

Real estate easily. Not that you would reach 2 mill easy, but you would have a far better shot than the others. . . But $10K ain't shyt to start anything. . .

A somewhat realistic strategy would be to look into copping a tax lien certificate and hopefully get to flip that crib.

WTF could you buy for 10K that you could eventually flip or generate $2 million with? What would be even be able to buy in real estate for 10K?

 

[JahFocus CS]

A mix between starting my own business, investing in a promising startup, and real estate... but $10K isn't much to split three ways so you'd have to choose one of what I listed and go all in

 

[11101]

You have to grow it into $2 million in 10 years.

How would you go about it? Stocks, bonds, real estate, start your own business?

For whatever strategy you choose: Why? What risks would you take on?

Realistic strategies only. No drugs, etc.

You'd have to start a business breh. Nothing on the market would give that type of return

 

[keepemup]

WTF could you buy for 10K that you could eventually flip or generate $2 million with? What would be even be able to buy in real estate for 10K?

There's a few tech stocks this year that have turned 600% increases. If one were to consistently reinvest their money it could certainly be done.

If someone has good credit and 10K cash you should be able to get a decent loan and then buy a house and flip it. I'm being super general, because I haven't done it but I've know of a couple of individuals who have had success flipping houses.

My cousin purchased a house for $50K that's now work $140K. He put down 15K.

And a co-worker of mine's brother purchased a mansion at the time of the recession in 2008 for about $900K which he couldn't afford, but after the market picked up he sold it for $2M.

 

[Myrical Lyfe]

Coke.

 

[无名的]

The chances of turning 10k into 2 million within 10 years from stocks or real estate is very small. Starting a business is your best bet. 10k is sufficient capital to do a lot.

I spent 4k on a website that drew the attention of a VC within 2 weeks of launch and got me a call with them.

 

[88m3]

2 million?

 

[yseJ]

poker. but you have to be really good. like, top 20 player in the world good.

otherwise, not even really good investment will give you 20000% RoI

if anyone could realistically have 20000% RoI, they'd be trillionaires and then some by this point

 

[EndDomination]

You better put it all into a promising application development team in the hope they get evaluated within the 10s of millions.
Otherwise its probably not going to happen. There certainly are ways to ensure some growth, even some really good returns on the money. But not a jump of that size unless you develop and have control over a multi-million dollar idea.

 

[Cynic]

WTF could you buy for 10K that you could eventually flip or generate $2 million with? What would be even be able to buy in real estate for 10K?

Lease options and wholesaling ...

It wouldn't take 10 years neither..

 

[Brown_Pride]

1. find someone with a good idea and no money and bankroll that shyt. People who helped fund shyt like FB and other tech firms right from the jump are swimming in money right now and a lot of those initial investments were small

2. Like @Meta Reign said, try and buy a property that has a tax lien on it, would require lots of luck to get the right property, then flip that property, THEN reinvest into another property, wash, rinse repeat.

3. Start several small businesses. Lawn mowing, painting, HVAC, mechanic, etc. You'd have to have some know how both technically and be business savvy enough to pull in the $$$. I have an uncle who makes 20k a month as an HVAC technician...but he works is ass off and knows wtf he's doing.

10k really isn't enough to EASILY make moves and would almost require as much luck as skill.