Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#1

Post by 0x47 » Sun, Jul 04, 2010, 7:51 PM UTC

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?

Re: Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#2

Post by iamdave » Sun, Jul 04, 2010, 8:10 PM UTC

High 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.

Re: Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#3

Post by 0x47 » Sun, Jul 04, 2010, 8:31 PM UTC

iamdave wrote: post #2

High 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.

I'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.

Re: Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#4

Post by RiderOfGiraffes » Sun, Jul 04, 2010, 8:42 PM UTC

0x47 wrote: post #3

iamdave wrote: post #2

High 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.

I'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 thi…

What do you live on during that time?

Re: Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#5

Post by noonespecial » Sun, Jul 04, 2010, 8:45 PM UTC

How soon until "Ask HN: I have 50 cents. How can I turn it into a million dollars by tomorrow morning?"

Re: Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#6

Post by 0x47 » Sun, Jul 04, 2010, 8:55 PM UTC

RiderOfGiraffes wrote: post #4

0x47 wrote: post #3

Earlier quoted context omitted.

I'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 thi…

What do you live on during that time?

Ramen? 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.

Re: Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#7

Post by iamdave » Sun, Jul 04, 2010, 9:19 PM UTC

0x47 wrote: post #3

iamdave wrote: post #2

High 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.

I'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 thi…

Here is a more appropriate question, then: what do you want to do?

Re: Ask HN: How to turn $10,000 into $100,000 in a relatively short period of time?

#8

Post by gdl » Sun, Jul 04, 2010, 9:48 PM UTC

Get 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.