If I knew I’d already have the idea in play!
Ask HN: What would you do to turn $100K into $1M in 3 years?
11–20 of 43 posts
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#12Wait til the next time you hear about the market having a terrible day and dump it all in VOO. That’s the easiest way to make garunteed money. But a 10x is gonna be real tough in 3 years.
Alternatively, look into REIT limited partnerships.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#13Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#14Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#15Casino. All on Black. Repeat 3 more times (hoping your luck holds out for each).
16x in under an hour. (or zero most likely... but definitely lowest effort)
I don't recommend this approach however
But yeah, if you're talking USD, then one could easily live comfortably for five years in Vietnam/Thailand for $20k/year. (Although you could easily live in a ton of countries if you pick your town/city/area correctly) Then smash out all those side-gig bootstrap ideas that come to mind. If you can build MRR of approx $6k, then you've effectively built up the equivalent of $1M earning 7% in the bank.
Actually, my latest company was started 3 years (and nearly a month) ago, and is now earning easily that in revenue from one of its Saas products, so yeah, it's definitely acheivable.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#16By using compounding. If you net 5% profit per week, then you'll have $1.26M in a year ! Or at 1.5% net per week $1.02M in three years. If monthly, then 7% net per month for three years $1.14M.
The trick is to find something that you can buy low, sell high consistently. Obviously in the above scenarios you are reinvesting all your gains to operate with ever greater amounts of capital. It would also be prudent to pick transactions at some small fraction of your total.
BUT ... it is unlikely that you can implement the above as a passive investment and it might require to do a considerable amount of work. Oh well .... them's the breaks!
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#17How much risk are you willing to take?
High risk appetite: You might see massive returns, but will most likely lose a lot (e.g. gambling, speculative stocks).
Low risk appetite: Achieve much smaller returns, but the chance of any loss is much lower (e.g. blue chip stocks, bonds).
Maybe you're asking how to earn massive returns with minimal risk? If I knew, I wouldn't tell you. I'd be busy taking advantage of the opportunity. If a stranger on the internet wanted to share their secret on how to make 10x your money in 3 years, it's almost certainly a scam.
Sorry, there are no easy answers.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#18Most people will struggle to turn $100k into $100k in ten years.
100% right, people tend to think they are great investors but most people aren't so people end up losing a chunk of the money, if not all of it. Carefull!
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#19Casino. All on Black. Repeat 3 more times (hoping your luck holds out for each). 16x in under an hour. (or zero most likely... but definitely lowest effort) I don't recommend this approach however But yeah, if you're talking USD, then one could easily live comfortably for five years in Vietnam/Thailand for $20k/year. (Although you could easily live in a ton of countries if you pick your town/city/area correctly) Then…
>Casino. All on Black.
Haha I love this! There was a gentleman that put his entire life savings on red and televised the event [0].
In reality for anyone reading, if you do want to gamble against the house, I suggest playing Craps and betting the Don't Pass Line. After surviving the first roll(s) and the button has been placed, you're allowed to place an additional bet called "laying the odds". This is the best bet in the casino. It is exactly 50/50, 0% house edge. The total casino edge for this combibed bet is less than 1% [1], where are roulette, red or black can have a house edge over 5% [2].
[0] https://youtube.com/watch?v=Airbq7bn0_o
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#20No post body was provided.