I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Sunday 13 February 2011

$10K, two 10-baggers and you're a millionaire?

invest, Feb 13, 2011 sundaytimes

Just for Thinking ...

Gabriel quoted: " ... Peter Lych has said, you need $10,000 and two 10-baggers, and you're a millionaire."

hmm... $10K and two 10-baggers ---> $1M


Any Maths guru to explain the Maths in it?
Posted by Createwealth8888 at 10:34
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2 comments:

  1. Anonymous13 February 2011 at 11:02:00 GMT+8

    I think it's supposed to work like this - 1st trade buy 10K stock A, price rises 10X sell. You'll have 100K back. Then buy 2nd trade buy 100k stock B, sell when price rise 10X, get back 1 million.

    Wah, so easy, no need to work hoh!

    ReplyDelete
  2. Createwealth888813 February 2011 at 11:39:00 GMT+8

    I don't think we can use this investing strategy with our own money. May be some fund managers can do that.

    I believe many people are willing to bet $10K for one 10-bagger; but to bet again with all our winning money back for the second 10-bagger is not realistic and emotional impossible.

    ReplyDelete

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