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Ask HN: How do I turn 100K into 1 million?

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Re: Ask HN: How do I turn 100K into 1 million?

#131

Post by marze »

lionhearted wrote: post #128
marze wrote: post #127

Continue contracting. Sell the BMW and buy a 2000 Camry. Take 60% of the 100k and invest in Apple, the rest in a selection of index funds. Reevaluate Apple in four years. Invest 15% of your ongoing contracting gross income the same way. Pick some 'just for fun' iOS apps and write them in your spare time. Brainstorm for app ideas weekly, and other low-capital ideas. If one shows promise, partner with some other develo…

> Take 60% of the 100k and invest in Apple Quite possibly at the top of the market right now. Or maybe not. But if you're good enough to run the analysis on the market for smartphones and high end consumer electronics to be reasonably sure Apple is a good buy right now, then you're good enough to find better buys. Maybe some of Apple's suppliers or manufacturers, for instance - I don't know personally, I don't have t…

Time will tell.

Re: Ask HN: How do I turn 100K into 1 million?

#132

Post by donw »

stcredzero wrote: post #71
joelreymont wrote: post #15

Earlier quoted context omitted.

Some of that already exists, check out the App Store. I'm thinking an iPad would make a decent chart plotter, though :-). Now, if I could only find a weather-proof enclosure!

A friend of mine uses a Ziploc freezer bag. She can still operate it through the plastic, apparently. Haven't tried it myself. EDIT: I just tried wearing a Ziploc sandwich bad as a mitt and operating my iPad. There's apparently no degrading of the touch screen! I'll have to pick up some large Ziploc bags the next time I'm at the store.

I run, rain or shine. Last year, I had an eight mile run through some heavy flooding, to the point where I had to backtrack because some of the roads had developed lakes in the most inconvenient places.

Took two days for my shoes to dry.

The Ziplock bag around my Runkeepering iPhone didn't miss a trick. :)

Re: Ask HN: How do I turn 100K into 1 million?

#133

Post by pietrofmaggi »

joelreymont wrote: post #31
aaronblohowiak wrote: post #27

Earlier quoted context omitted.

I have TideApp, but I haven't seen anything like weatherfax on the iphone :-) You're right that chart plotter on the ipad would be pretty tops. As waterproofing.. you'd have to use a material that lets the capacitance of your finger through.

Do you know of any material that lets capacitance through? The other issue is connecting a GPS to the iPad if the internal GPS is not good enough. I don't know if it is yet, will take my iPad sailing this August. Apple requires you to build external accessories specifically to work with iOS devices. I think that even requires a special chip. An external Bluetooth GPS would likely be power-hungry. I think http://www.t…

"Do you know of any material that lets capacitance through?" Just avoid insulators!

Regarding the connection of a GPS to the iPad, I don't have on hands the technical details of the iPad (or iPhone) GPS, but on open water, it will surely be better that in an urban canyon. It can see a lot of sky --> a lot of satellite. So, the internal GPS may be not so bad in your scenario.

But an external GPS with an active antenna will always be better (better GPS chip, better antenna and fewer electronics noise being far from the iPad radios). You can find kits build by Microchip and Cypress for the connection of external devices to the iPod/iPhone, but you first, must enroll in Apple’s Made for iPod licensing program, by completing the online application at http://developer.apple.com/programs/ipod/.

Here is the microchip kit: http://www.microchip.com/stellent/idcplg?IdcService=SS_GET_P...

And here's the Cypress one: http://www.cypress.com/?rID=41030

Let me know if you need some advice on the GPS stuffs.

Re: Ask HN: How do I turn 100K into 1 million?

#134

Post by pontifier »

joelreymont wrote: post #26
vessenes wrote: post #19

Earlier quoted context omitted.

p.s. Flipping real estate -- eventually, you're going to want income. Transaction costs for real estate are high, man. I guess my major advice is "Slow down. Value stability and income. Keep socking away the money, and invest it in areas unlinked to your primary earning potential (programming)."

Buying to rent should result in income uncorrelated to programing.

It's not that easy. Ideally yes, but when you get into it you find the scum of the earth will grind your property into the ground and laugh at you as you try to collect a months back rent and damages from an unemployed single mom in court while your newly trashed and un-rentable home sits vacant because her 5 kids ripped it to shreds and it will cost the thousands you spent on repairing the last place to repair this one. But otherwise right on.

Re: Ask HN: How do I turn 100K into 1 million?

#135

Post by HSO »

joelreymont wrote: post #105
HSO wrote: post #85

Earlier quoted context omitted.

When I first read the question, I thought Oh boy, there's going to be some asinine suggestions to this one. But this is one of the most sensible answers I can think of. Seeking to turn 1 buck to 10 in the markets, and quick, sounds like the beginning of a disaster. Reframing the question to one of passive income, one can view the 100K as a sort of financial buffer that can finance or cushion different forays into pas…

We should get in touch!

Thought the same! Will send mail this week.

Re: Ask HN: How do I turn 100K into 1 million?

#136

Post by cabalamat »

rjett wrote: post #47

Invest in adderall and see where that takes you. Joking. In all seriousness, drop the desire to turn 100k into 1 mil in x amount of time. That will lead you into wreckless, speculative behavior. Trading is tempting for you because it offers instant feedback. With one or two successful trades, people tend to extrapolate their returns into future returns, believing that it's possible to repeat these trades over and ove…

> That will lead you into wreckless, speculative behavior

I think you meant wreckful. Or reckless. :-)

Re: Ask HN: How do I turn 100K into 1 million?

#137

Post by pietrofmaggi »

pietrofmaggi wrote: post #133
joelreymont wrote: post #31

Earlier quoted context omitted.

Do you know of any material that lets capacitance through? The other issue is connecting a GPS to the iPad if the internal GPS is not good enough. I don't know if it is yet, will take my iPad sailing this August. Apple requires you to build external accessories specifically to work with iOS devices. I think that even requires a special chip. An external Bluetooth GPS would likely be power-hungry. I think http://www.t…

"Do you know of any material that lets capacitance through?" Just avoid insulators! Regarding the connection of a GPS to the iPad, I don't have on hands the technical details of the iPad (or iPhone) GPS, but on open water, it will surely be better that in an urban canyon. It can see a lot of sky --> a lot of satellite. So, the internal GPS may be not so bad in your scenario. But an external GPS with an active antenna…

iPad 3G and iPhone 4 use the Broadcom BCM4750 receiver: http://www.broadcom.com/products/GPS/GPS-Silicon-Solutions/B...

"High-sensitivity, -157dBm assisted acquisition sensitivity (with coarse time assistance) and -162dBm tracking sensitivity, enabling indoor and deep urban operation"

You can compare this with an usual SIRF Star III based GPS receiver (Leadtek 9101x), which is not assisted: http://www.leadtek.com/eng/gps/overview.asp?lineid=8&pro...

With a sensitivity of -159dB and a cold start time of 35s (worst case scenario).

I think that, on open water, with a good sky visibility, the GPS included in the iPad 3G and the iPhone 4 should be more than adequate for this kind of usage.

Re: Ask HN: How do I turn 100K into 1 million?

#138

Post by ahoyhere »

Build products that are low-maintenance, but provide lots of value to a market that has pain/understands the concept of paying for value.

We didn't start out with 100K euros, more like 30K USD, but my SaaS, developed part time, grew 5x in revenue year over year and that was not with a lot of effort - if we do that again, it'll be earning nearly $600K/yr by June 2011.

So far "we" is me and my husband, part time, plus a summer intern and the occasional freelancer. So it's a pretty good place to be, cost-wise.

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