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Turn £100k into £1 million
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Alistair31 said:Get yourself down to the nearest casino
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Give the £100k to me today, in 40 years I will give you £900k back (and take my £100k cut). Or you can do it yourself, and keep that £100k too.
1.06^40 ~= 10.28, 6% nominal return is pretty conservative
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Tesla would have done in a year, Scottish Mortgage Trust in several years.
Unfortunately, I suspect the reason you and I could not see that then, is the same reason we can't see similar opportunities today.
And of course, for every Tesla there is another company which will take your £1000000 and turn it into £1000001 -
Indeed, invest it wisely and give it 20 years or so...
If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.0 -
There is a dead cert running at Plumpton this afternoon, currently at 10/1.
For a small fee, I will tell you its name .1 -
Ray_Singh-Blue said:Tesla would have done in a year, Scottish Mortgage Trust in several years.
Unfortunately, I suspect the reason you and I could not see that then, is the same reason we can't see similar opportunities today.
And of course, for every Tesla there is another company which will take your £1000000 and turn it into £100000
Save 12K in 2020 # 38 £0/£20,0003 -
A new poster, who has £100,000 'spare' cash (so presumably a lot more) comes onto a public forum to ask a bunch of strangers he has never met what he should do with his money and picks the username 'MoneyTreeMe'. Does the fantasy end with the choice of username ?
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FWIW - I believe I am on my way to doing similar. My initial investment in a portfolio of mostly biotech stocks has doubled from £40K to over £80K in around 14 months. I think I can turn 80K in to at least 1-2 million in 5-10 years by investing in a single stock (although I have other investments, so I'm not relying on this one to succeed), Arrowhead. Investing that much in a single stock is risky there is no doubt (nothing is 100% guaranteed), but I have yet to find a company that has the potential like Arrowhead does along with the security it offers. Read more about my journey/Arrowhead here:
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BrockStoker said:FWIW - I believe I am on my way to doing similar. My initial investment in a portfolio of mostly biotech stocks has doubled from £40K to over £80K in around 14 months. I think I can turn 80K in to at least 1-2 million in 5-10 years by investing in a single stock (although I have other investments, so I'm not relying on this one to succeed), Arrowhead. Investing that much in a single stock is risky there is no doubt (nothing is 100% guaranteed), but I have yet to find a company that has the potential like Arrowhead does along with the security it offers. Read more about my journey/Arrowhead here:
Dream on.One person caring about another represents life's greatest value.4 -
Username999 said:BrockStoker said:FWIW - I believe I am on my way to doing similar. My initial investment in a portfolio of mostly biotech stocks has doubled from £40K to over £80K in around 14 months. I think I can turn 80K in to at least 1-2 million in 5-10 years by investing in a single stock (although I have other investments, so I'm not relying on this one to succeed), Arrowhead. Investing that much in a single stock is risky there is no doubt (nothing is 100% guaranteed), but I have yet to find a company that has the potential like Arrowhead does along with the security it offers. Read more about my journey/Arrowhead here:
Dream on.I fully intend to. Those who do not dream don't have even a tiny a chance of fulfilling their dreams.I would like to know though, what makes you so sure that Arrowhead won't ever make it to $1000+ share price?
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