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OMG at the literal number crunching from my post telling the OP to recalibrate their expectations and expect to be contributing every year (and not just one time) to get to $1MM over 20+ years (notice I said +), which doesn't limit the timeline to only 20 years. That + could mean 25 years or 30 years, depending. It also doesn't mean the OP can only invest $10K, but that's the number he was using, so I kept his theme going.
I would of course advise him and anyone to invest as much as they can, each year.
OMG at the literal number crunching from my post telling the OP to recalibrate their expectations and expect to be contributing every year (and not just one time) to get to $1MM over 20+ years (notice I said +), which doesn't limit the timeline to only 20 years. That + could mean 25 years or 30 years, depending. It also doesn't mean the OP can only invest $10K, but that's the number he was using, so I kept his theme going.
I would of course advise him and anyone to invest as much as they can, each year.
What can I say. I'm a numbers geek. But I did run a "20+" scenario at 25 years, so I thought that was reasonable. Usually when people say something like 20+ years, the implication is it's just a few years beyond 20; so you can't really stretch it out much further than 25 years.
Again, the second scenario presented, not the first one. $1 mill in 25 years.
That should have been clear from my post that you responded to.
Quote:
Originally Posted by lottamoxie
Let's change your formula a bit.
$10,000 investment PER YEAR, for 20+ years, in an appropriate mix of stocks and/or mutual or index funds, reinvesting all returns, divs, interest and never panicking and selling during bear markets will, on average, get you to $1MM easy peasy.
The path to wealth is slower than you'd like, but I assure you the years pass quickly...so quickly your head will spin.
Isn't this a relatively simple possibility?
Nothing funny or no tricks, I would just think that talking to a decent reputable professional, would make this work.
You can do it in biotech stocks if you are prepared to risk a sizable portion of your investment.
DVAX tripled in a few weeks last year. NKTR quadrupled in six months. If you timed it right in less than one year that 10K could have become 120K. In two years you could have $1M. However, it's highly unlikely you would be able to time it consistently right, which is why you'd need deep pockets to bear the brunt of a large loss.
The biggest problem w/this game is that if you do get lucky enough to get to $1M, you're unlikely to know when to "leave the table," so to speak. There's always a bigger fish tempting you... like CPXX that went from 2 to 30 in two months (1500% return). I do remember one guy from the old YAHOO stock message boards, that made $4M in a couple years from just one stock that he had invested over $400K in. There are also a lot of CELG multi-millionaires out there.
Last edited by mitchmiller9; 03-11-2018 at 08:44 PM..
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