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?
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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!

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  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.

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