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If you have $30k saved and want 100k by the end of 2022 I'd say your best bet is to increase that monthly savings figure to $5800+, otherwise you are looking for a miracle, not financial advice
I suggest you visit Wall Street bets on Reddit, you’ll meet plenty of people like yourself there. (Not financial advice)
🤣
Beanie babies
You can try growth stocks with tight stop losses.. i have shares with DQ new energy corp & Jinkosolar, also shares with Mitsubishi corp & VICI properties REIT.. I have a much more modest portfolio & im definitely not looking to go up from 30k to 100k but my yearly return is 47% but mainly due to Jinkosolar & other Chinese growth stocks collapsing a little in May I got to buy at a gorgeous entry point & left the stock till Sept..
I have stocks in Altria, & Sumitomo Mitsui (both stocks are in a bottoming out phase & are trading relatively below what they should be trading, both have dividends over 7%, both financially stable stocks...
Maybe if you consider CFDs & trading on leverage, you can manage to reach 100k either by investing equity with a 30:1 or 100:1 leverage & have tight stop losses, or by spending some time to test some strategies on demo accounts before fully trading Natural gas CFDs or something like palladium is easier to analyse than trading crude oil I think anyways...
I do think you have to differentiate between trading & investing though.. you want to invest? Then be patient & aim for a 20% return or invest with 20k & trade with 10k...
Anyways, lucky for you the Feds are planning to hike rates & we'll see a few dips, buy at those dips & wait for the Feds until they panic again & flood the market with more QE than before... timing is everything, be patient & good luck
You dare challenge the money printer? “Fk your puts” - powell probably
Very doable.
You should be at 48k by the end of next year. Rough math says if you put it all on black you could get to 100k give or take.
Guy, a lot of bad advice above.. Adjust expectations, if you can’t… go play roulette and ask for a free lunch.
Absolutely. Yolo options, my man! You can also leverage up on some crypto futures and heavily tweet to Daddy Elon and see if he comes through. (Not financial advice)
Three things to get into. Crypto Crypto Crypto
Doable
Leveraged ETFs and Crypto. Yolo!
Unless majority is coming from bonus, very difficult to achieve. Depends on what base & TC look like
Buy shit coins and pray *
*not financial advice
So if you do a quick FV calculation, you would need a monthly return of around 7.2% (or approximately 92% for the year, compounded monthly) to get to $100k in one year. Not impossible, but the odds are not good.
I suppose, if someone gave you $150k to add to that $30k, you could end up with about $100k at the end.