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Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?
Along the lines of this post:
Ask HN: How to turn $1,000 into $10,000 in a relatively short period of time? - http://news.ycombinator.com/item?id=1480246
However, in this case a relatively short time might be 1-2 years. As we all know, value is in the execution so anyone willing to share some ideas?
- iamdave 16y agoHigh yield money market savings. Question of my own now: what is with this spur of people wanting ultra fast turn-arounds on small amounts of money? Genuine question, as maybe I come from an antiquated method of thinking, but if you want to invest with a turn around of two years, you might be investing for the wrong reason.
- 0x47 16y agoI'm not limiting ideas to investing in an traditional since. I was thinking more along the lines of, I have 10k, how can I best leverage that 10k to make more money. For example: I have some programming skills, so i make an iphone app spend 5k on development tools and then another 5k on advertising. Selling my app for $10 and trying to make 10,000 sales. I think 1-2 years is a reasonable timeframe for this. To me this is what business is all about. Finding a way to take a small amount of money, applying your skills and turning it into a larger sum.
- RiderOfGiraffes 16y agoWhat do you live on during that time?
- 0x47 16y agoRamen? I don't know, exercise left up to the reader... The question was how do you make more money with 10k, not how do I live off 10k and make money.
- iamdave 16y agoHere is a more appropriate question, then: what do you want to do?
- noonespecial 16y agoHow soon until "Ask HN: I have 50 cents. How can I turn it into a million dollars by tomorrow morning?"
- gdl 16y agoGet 10 people to buy pamphlets for $10,000 each, in which it is explained how to turn $10,000 into $100,000 within 1-2 years by selling pamphlets. I suggest marketing to Lisp programmers as they will be enticed by the brilliant logic of the recursion and fall right into your trap. Also, if you do this, you owe me $10,000.