Can I convert a $3000 portfolio to $1million in 1 Year ? Has anyone ever done it ? Even $10K?
Answers:
I've never see it.
As to leverage. It absolutely will "magnify" your gain. But be aware ... it can "magnify" your losses too.
Leveraged investing is not for the lightheaded of heart. In former times week, Bear Stearns have have 2 put off funds (billion dollar funds) shut down and record for ruin because they be outstandingly leveraged and the flea market moved against them.
It would be fundamentally difficult to do it beside stocks. But my money governor turned $3500 to $75,000 on the forex (foreign exchange) flea market contained by 1 daylight. In forex, you can use totally glorious leverage (100:1, 400:1) so for greatly slight movements within price you can draw from exponential growth within minutes. An experienced forex trader can slickly turn $3000 into $1million in smaller quantity than a month next to a moment or two luck.
You would entail a once a year return of 33,233.33% contained by lay down to do so.
If you can find a company next to shares trading for $3 that you have an idea that will arrive at $1000 surrounded by the subsequent year afterwards you're adjectives set. Remember you'll own taxes to settle up, but tolerate's not ever capture into that.
For your 10K situation you'd individual obligation a 10,000% return. This time your $3 would singular involve to rise to $300 surrounded by a year.
yes, buy lottery tickets and seize lucky
No, even near option the likelihood are close to impossible
Unless you can travel time and procure the WSJ
Or, you enjoy insider info of when a stock will rise and trickle
1) No.
2) No.
3) No.
You call for at lowest possible $25,000.00 and at least possible a decade.