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you start out with 20,000?

2007-12-19 13:31:46 · 7 answers · asked by Anonymous in Business & Finance Personal Finance

7 answers

for twenty thousand to grow into two million, it would have to be multiplied by a factor of 100.

(This is not 100% growth, which is only double - but it is 100 times). (your initial investment x100 = your goal).

Your investment would actually have to grow by a somewhat greater than 100 times - because your initial twenty thousand investment would be diminished by the commissions and fees of your broker.

THIS IS EXTREMELY UNLIKELY.
So unlikely, in fact, that it is fair to say IMPOSSIBLE.

2007-12-19 13:40:41 · answer #1 · answered by me 7 · 1 0

Yes, but it is POSSIBLE to win the Mega Millions the ONLY time you by a ticket. The odds are actually better. The level of risk required to have a shot at turning $20,000 into $2 million in 2 years is greater than 'Russian Roulette'.

2007-12-19 13:55:59 · answer #2 · answered by STEVEN F 7 · 0 0

Yes, but it's really difficult. You would have to buy just the right stocks that are about to skyrocket, and then sell them at their top, and then repeat that process a number of times. And I'll bet that it has been done, but I'll also bet that whoever did it, was both lucky and studied a lot.

However, you could double you money in one year, and then double it in the second year and have 80,000 dollars, and though that is also difficult, it CAN be done.

20
40
80
160
320
640
1,280,000.00 so, that could happen in 6 years if you doubled each year. So, go ahead and try, but do a ton of studying first, like maybe for 10 years and then try.

2007-12-19 13:36:10 · answer #3 · answered by Anonymous · 1 0

using long/short investments in equity no. Investments that gain 100% in a year is exceptionally rare, never mind the type of returns you are talking about.

The only way I can see that happening is in substantially more risky investing strategies- options, leverage/margin accounts. If you start going into these types of investments you will most likely loose all of your money with your first trade (because the probability of this working is very very very small).

2007-12-19 13:41:54 · answer #4 · answered by Ivan J 2 · 0 0

The way to make money is to buy stocks and wait for the companies to pay dividends. It takes years to make serious money that way.

Buying and selling stocks is a hit and miss game. How often do you think a company is 10 dollars one day and 50 dollars the next?

2007-12-19 13:35:58 · answer #5 · answered by Defunct 5 · 0 0

I commerce delusion inventory paying for and promoting as quickly as an afternoon. on a daily basis I traded I made 5%. If I neglected an afternoon, I lost 20%. in case you be in a position to try this with genuine funds, sure you may desire to do it. I advise you practice with play funds first.

2016-10-08 23:10:23 · answer #6 · answered by ? 4 · 0 0

If you try, I can predict you'll be at 0 in 3 months.

2007-12-20 10:42:22 · answer #7 · answered by Steve R 6 · 0 0

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