If you have 10K right now, how can you turn it in 200K in one month?

Answer 1

Is this question for Donald Trump? ;)

Think outside the box is the answer to this question.

Idea 1) This idea you have to find out if it is legal. Buy a 10K car (negotiate for less than 10K). Sell $5 raffle ticket to anyone who wishes to win a brand new car. Market this and advertise. Sell over 2000 tickets and the rest is profit. Make sure you keep track of all records and have a 3rd party to handle raffle and to choose a winner.

Idea 2) Let's say you have 10K. You want to make 200K?
Find 20 ambitious people in this world that has 10K to invest just like you. Or let's say you have 20 families and friends.
Each month, everyone puts in 10K to the pot, draw a name, then whoever wins, gets the 200K for that month. If you win, every month after, you still put in 10K. Continue this for 20 months and everyone will have 200K at one time. How you use that 200K in that month that you get, is up to you. If 10K a month is too much, than 1K a month is fine, but do it more often with more groups of friends.


Idea 3) Buy 10K of products, make changes to it or add something new to it, and sell it for 30K. For example, let's say you buy 10,000 water bottles at $1. Your costs is 10K. Now, let's say you think outside the box. You put those water bottles into cooler or container that is cold (assume you already have a place to store it cold). THEN, you negotiate with places that will allow you to sell it. For instance, a soccer game, a YMCA or gym facility, the Mavericks ticket line, anywhere where there are lots of people who are thirsty. You sell them them the $1 bottle for $3. If successful, you made 20K profit. Try doing that many times a month.

Idea 4) Let's say you goto every restaurants and negotiate with them a deal where you advertise their specials and create coupons (buy 1 dish get one free entree). Now, let's say you goto every restaurants in the city. You now have a marketing system. Create those BOOKS of coupons. Go from neighborhood to neighborhood and sell those coupon books for $25 each. The value of (buy one entree get one free) the book is much more than $25 and lots of people will surely buy it coz it's a great deal for them, and it brings customers to the restaurants. NOW, let's think about the next thing besides restaurants.... Do it all over again.

Idea 5) Donate 10K to a charity. You'll feel much better and you will live longer. Those two things in life, are already worth over 200K.

I have a lot more ideas but ideas are nothing unless you take action to make it work. Life is short in a blink of an eye, but open your mind and a long journey begins.

-Uncle Sam

Answer 2

In 1 month? Go to Las Vegas and bet it on a number at the roulette table, it pays 35 to 1 if you hit it!

If you have a couple of years and you really study an investment segment hard to where you know it backwards and forwards (like options, currencies, futures, commodities, equities, etc) then you MIGHT be able to get your 200k.

Of course we may not be talking about 200k net. For example, you could buy a 200k house as a first time buyer with 5% down (10k). I'm sure there are other deals like this as well. Otherwise there's a difference between doing what you need to in order to build your passive/investment income and escape the rat race and pipe dreaming about quick riches with no effort. Many of the questions I see here are about get rich quick with no effort schemes. A serious person though realizes that hope is not a strategy.

Answer 3

You mean like, on TV? This is reality. There are no get-rich-quick schemes, there is no pot at the end of the rainbow, there is no Santa Claus.

Making sound investment or trading decisions requires more than a click of the mouse. Cheap and easy does not equal successful trading or investing. Nothing substitutes for research and education.

One of the most important Samurai texts ever written, by Miyamoto Musashi, “The Book of the Five Rings (1643)”, offers this advice: “Think of what is right and true. Learn to see everything accurately. Become aware of what is not obvious. Be careful even in small matters. Do not do anything useless.”

What most people don't realize about investing or trading is how much happens before and after the opening and closing bells. Just as any trial lawyer worth his salt devotes many, many hours to preparation and strategy, so does any good trader. It entails an incredible amount of homework; statistics, precise strategy, so precise it will get the trader into the market at exactly the right point. It must define the trader’s risk and take the trader out at just the precise moment.

From George Leonard’s book, Mastery (1991): “To take the master’s journey, you have to practice diligently, striving to hone your skills, to attain new levels of competence.

You can’t kid yourself in trading. You have to deal with who you really are, and take responsibility for all your shortcomings that the markets (life) has a way of revealing rather starkly. You have to confront all your fears and tame them. You have to check your ego at the door.

Now, either go back to the kiddie section for your little fantasies, or begin to study diligently, discover truth, and read vociferously.

Answer 4

If you want a 2000% return on your investment in a month you need to take a 2000% risk.

Are you prepared to sell your $175,000.00 house and your $25,000.00 car?

You can get a $100,000.00 credit line (It's called margin) and asuming you get a return on your investment of 100% you could get $200,000.00 after a year.

Obviously only if you have many years of experience in the Stock Market you can pick the right stocks and this is not your case.

The only way you can pick the right stocks would be to hire a Portfolio Manager like myself or a Financial Advisor and that obviously would cost you.

Your goals are unrealistic at best.

I suggest you to keep saving until you have $25,000.00 and to increase your time period to at least a year.

Also if you don't have a $25,000.00 car paid in full and a $175,000.00 house paid in full you should not take big risks.

We don't need another homeless on the streets.

Try to reduce your risk to 200% (Which is still very high for most investors)

This means you invest $10,000.00 and you only risk another $10,000.00

If things go bad you sell your $25,000.00 car and buy a $15,000.00 used car and pay the debts and you will be fine.

Top 3 Answerer in Business & Finance. (Vote for me)

Answer 5

The odds are against you. Your best shot is through a lottery ticket somewhere or winning a streak of gambling bets.

Keep your $10k and accept a more reasonable return of about $45 in a month.

Answer 6

If you are good at some stuff, and convincing ppl (here i mean rich ppl or banks) that ur worthy at ur stuff and that ur idea can generate more wealth..
that's it.. ur in the game. But, you gotta prove ur worth too. Else ur screwed.
Only if u dont want to work that hard or take risks.. do one of the following..
be a magician, a thief or a cheat.
But, mind u.. it is not worth earning money cheating ppl.

Answer 7

win the lottery. very hard to make that much money in a month. you could risk investing in a junk bond. If you have some patience a treasury note is probably a good solid investment.

Answer 8

Invest it wisely. Look up good companies at Forbes. com, and citigroup.com. There's a plethora of information on companies today, you just gotta look in the right places.

Answer 9

You can invest in different stock or companies.

Answer 10

Purchase 28,000 shares of Curagen (CRGN).