How can I turn $1,000 into $80,000 in two years?

Question

It's worth asking. Let's say I have $1,000 now to invest. I'm willing to take risks with this money and track the investment-- maybe trading stocks on a regular basis. Does anyone have good advice for me to turn my principle investment ($1,000) into a down payment for a home ($80,000) in about two years? I'm willing to throw in up to $200 a month on top of that (for an extra $4,800 buy-in).

Answer 1

Let me understand this,

You want to take $1,000 initial capital and add $200 per month and after 24 months want it to equal $80,000?

Well your gonna need at least a 15.4% gain each month for the next 24 months for that to happen, or a total gain of 1285%. Your not gonna do it on one stock, you'll have to do a lot of research and guess which day or month a certain stock will have a 15.4% gain. If you can accomplish that with no losses then congrats. I applaud you and I'm sorry for doubting your abilities. Plus write a book so we morons can figure out what were doing wrong.

Answer 2

The chance of a CFA turning $1000 into $80K in 2 years and the chance of you winning $80K on 200 $5 scratch tickets are probably about same. With your investing knowledge, its exponentially less. Find a reasonable way to finance the down payment.

Answer 3

for only having $1000, yet looking to make an 80k downpayment on a house (thus home value of $400k), you are really, really, really looking to live well beyond your means.

Now, if you want to buy an $80k house, your downpayment may be as little as $2400 with an FHA loan. http://www.fha.com/home_purchase.cfm

with only two years to invest, stay out of general equity markets ... or look to MLP's or other less risky investments that pay a high dividend. You should be able to make 8-10% on your money without getting into pure play equities that have higher risk associated with a 2-year timeframe. Municipal bonds may also get you 5-8% while being tax-advantaged.

Answer 4

All on red, then all on black twice in a row, then red, then black, then reds twice in a row. That should get you from $1,000 to $80,000 in a matter of minutes.

Now if you want to talk about reality there are tons of programs out there for people who don't want to put any money down. If you have any questions feel free to look at my answer history and email me if you have any further questions.

Answer 5

Mmm! Interesting reading. I very much doubt it would come about. The theorist who is making the predictions is also using the very technology that he scoffs at, so where is the sense in that. Either way I don't think we will be around to notice. LOL! However! Since you have brought it to our attention. I am sure that all on here (Y/A)and our decendants, will take heed and be the bright sparks that we already know we are, since we have been forewarned

Answer 6

No guarantees and very difficult. You will have to almost gamble and then you may lose everything. Having said that, if I was gambling on a penny stock (and I am) I would buy King Resources. See http://www.kingresources.net

As I said you may lose all your money. But if things go your way, who knows?

Answer 7

Consider researching your own companies... right here on Yahoo! Finance. I have found some solid performers this way. Go to: http://screen.finance.yahoo.com/stocks.html

Answer 8

impossible without been very very lucky

unless u buy lotto tickets with all your money and win the big one

Answer 9

find someone who sells drugs and and buy 3 eight balls

Answer 10

Go for it.