Posts: 22,401
   
Threads: 6,369
    
Likes Received: 4,126 in 3,233 posts
Likes Given: 487
To do this you need to compound at 26% a year. If you invest in S&P500, you will have around 250K based on historic 10% return per year.
There are highly speculative ways to do it like using leverage, options and cryptos but all these carry risk of wipe out.
Last time i saw someone do it and documented every investment was Curtis Montgomery of Wall Straits. What was incredible is he did buying SGX stocks. His starting portforlio was 300K and after 10yrs it was 3.2M. After that he closed his website and retired back in US. He passed away a few years ago.
His books and articles are still around for those who wish to learn.
https://www.valuebuddies.com/thread-6227...06580.html
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
(This post was last modified: 10-04-2023, 10:24 AM by
sgbuffett.)
Posts: 11,557
   
Threads: 785
    
Likes Received: 3,611 in 2,959 posts
Likes Given: 493
Your title is misleading. You should remove the word "safely".
Posts: 22,401
   
Threads: 6,369
    
Likes Received: 4,126 in 3,233 posts
Likes Given: 487
(10-04-2023, 10:50 AM)Blasterlord2 Wrote: Your title is misleading. You should remove the word "safely".
I am asking "how"..looking for suggestions.
I do not proclaim a safe method
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 2,023
   
Threads: 78
    
Likes Received: 417 in 357 posts
Likes Given: 193
No one will answer you they can do it only those can’t make it will smoke here
Posts: 2,952
   
Threads: 504
    
Likes Received: 570 in 457 posts
Likes Given: 69
u are wasting your time asking
u find it
share
Posts: 17,298
   
Threads: 31
    
Likes Received: 3,752 in 3,395 posts
Likes Given: 989
If one can turn 100k to 1m, he won't tell you. He would rather turn 1000k to 10m together with his family and close relatives
Posts: 11,557
   
Threads: 785
    
Likes Received: 3,611 in 2,959 posts
Likes Given: 493
(10-04-2023, 03:49 PM)FartSunKing Wrote: If sgbuffett has a job, he could turn $100K into $1M in 10 years
By taking 90% loan on a $1M BTO in a mature estate like Queenstown
And sell the BTO 10 years later when price rises to $2M
It may happen last time but not any longer. Because we start from a low base. Now property price will not increase so fast and so much.
Posts: 22,401
   
Threads: 6,369
    
Likes Received: 4,126 in 3,233 posts
Likes Given: 487
(10-04-2023, 03:42 PM)FartSunKing Wrote: I have turned $50K into $2M in 10 years
Here is how I did it
In early 1999, when a Citibank loan officer told me
The property market is turning as the bank is seeing more mortgage applications
I quickly went with my father is who visiting me from KL
To see a 99 years leasehold 1615 sq ft Farrer Court apartment in D10
Which I bought for $440K on my first and only viewing of an apartment in Farrer Court
My dad told me not to buy as I already bought a resale HDB flat and a 2 bedroom freehold condo in D11 Trevose Park
But that was the only time in my life I did not listen to my dad and became a MILLIONAIRE 10 years later
Yes up did it that using leverage as you borrowed from bank to buy.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 92
   
Threads: 0
    
Likes Received: 6 in 5 posts
Likes Given: 0
(10-04-2023, 10:23 AM)sgbuffett Wrote: To do this you need to compound at 26% a year. If you invest in S&P500, you will have around 250K based on historic 10% return per year.
There are highly speculative ways to do it like using leverage, options and cryptos but all these carry risk of wipe out.
Last time i saw someone do it and documented every investment was Curtis Montgomery of Wall Straits. What was incredible is he did buying SGX stocks. His starting portforlio was 300K and after 10yrs it was 3.2M. After that he closed his website and retired back in US. He passed away a few years ago.
His books and articles are still around for those who wish to learn.
https://www.valuebuddies.com/thread-6227...06580.html
If interest rates remain high, this will be hard to achieve. Maybe look for start ups to invest in.
(This post was last modified: 11-04-2023, 02:39 PM by
debster.)
Posts: 852
   
Threads: 50
    
Likes Received: 445 in 332 posts
Likes Given: 385
(10-04-2023, 10:23 AM)sgbuffett Wrote: To do this you need to compound at 26% a year. If you invest in S&P500, you will have around 250K based on historic 10% return per year.
There are highly speculative ways to do it like using leverage, options and cryptos but all these carry risk of wipe out.
Last time i saw someone do it and documented every investment was Curtis Montgomery of Wall Straits. What was incredible is he did buying SGX stocks. His starting portforlio was 300K and after 10yrs it was 3.2M. After that he closed his website and retired back in US. He passed away a few years ago.
His books and articles are still around for those who wish to learn.
https://www.valuebuddies.com/thread-6227...06580.html
Any investments higher than S&P 500 average returns is a suspect. S&P % returns also swing wildly up and down and some years negative.
It's always High Risk, High Gain. No such thing as Low Risk, High Gain. For every person who manage to take high gains, especially after dumping stocks, there is another person going to Bedok reservoir.
Posts: 6,849
   
Threads: 9
    
Likes Received: 2,446 in 1,912 posts
Likes Given: 932
Not difficult.
You just need to be disciplined and won't mind doing the same trade over and over again steadily like a robot regardlessly.
With $100k, you can sell 5 weekly Tesla cash secured puts on Monday expiring on Friday, collecting around $3.5k (700*5). Sell at the money and let it expire/assigned. Repeat every Monday.
One year you collect 3.5k*52wks = $182,000.
Ten years= $1,820,000.00
And this is excluding the capital gains/loss of the 5 lots of Tesla and assumed you didn't increase your number of lots.
If you don't mind taking a little longer but less volatile you can replace Tesla with SPY (s&p 500).
(This post was last modified: 11-04-2023, 04:17 PM by
Alice Alicia.)
Posts: 20,086
   
Threads: 546
    
Likes Received: 4,654 in 4,147 posts
Likes Given: 479
(11-04-2023, 04:04 PM)lioncityftw Wrote: Any investments higher than S&P 500 average returns is a suspect. S&P % returns also swing wildly up and down and some years negative.
It's always High Risk, High Gain. No such thing as Low Risk, High Gain. For every person who manage to take high gains, especially after dumping stocks, there is another person going to Bedok reservoir.
I agree, there is no such thing as low risk high gain..............but there is always high risk high gain.......those that invest in high risk stocks may end up going to Bedok reservoir.........
Posts: 7,755
   
Threads: 37
    
Likes Received: 1,961 in 1,836 posts
Likes Given: 567
(11-04-2023, 04:15 PM)Alice Alicia Wrote: Not difficult.
You just need to be disciplined and won't mind doing the same trade over and over again steadily like a robot regardlessly.
With $100k, you can sell 5 weekly Tesla cash secured puts on Monday expiring on Friday, collecting around $3.5k (700*5). Sell at the money and let it expire/assigned. Repeat every Monday.
One year you collect 3.5k*52wks = $182,000.
Ten years= $1,820,000.00
And this is excluding the capital gains/loss of the 5 lots of Tesla and assumed you didn't increase your number of lots.
If you don't mind taking a little longer but less volatile you can replace Tesla with SPY (s&p 500).
Guaranteed eat? Can resign from daily job and go fulltime use this strategy earn a living?
Posts: 6,849
   
Threads: 9
    
Likes Received: 2,446 in 1,912 posts
Likes Given: 932
(11-04-2023, 04:29 PM)sgh Wrote: Guaranteed eat? Can resign from daily job and go fulltime use this strategy earn a living?
I sacked my boss 8 years ago doing this with SPY.
(This post was last modified: 11-04-2023, 04:35 PM by
Alice Alicia.)
Posts: 852
   
Threads: 50
    
Likes Received: 445 in 332 posts
Likes Given: 385
(11-04-2023, 04:15 PM)Alice Alicia Wrote: Not difficult.
You just need to be disciplined and won't mind doing the same trade over and over again steadily like a robot regardlessly.
With $100k, you can sell 5 weekly Tesla cash secured puts on Monday expiring on Friday, collecting around $3.5k (700*5). Sell at the money and let it expire/assigned. Repeat every Monday.
One year you collect 3.5k*52wks = $182,000.
Ten years= $1,820,000.00
And this is excluding the capital gains/loss of the 5 lots of Tesla and assumed you didn't increase your number of lots.
If you don't mind taking a little longer but less volatile you can replace Tesla with SPY (s&p 500).
Stop reading at Sell Put options, LOL. Put here, call there, end up in Bedok Reservoir...:
Don't kernah con by that irritating JiuHuBu/Sean Seah who keep advertising on youtube about options trading having 'maximum upside but low downside' LOL.
Posts: 5,121
   
Threads: 118
    
Likes Received: 963 in 850 posts
Likes Given: 14
(10-04-2023, 10:23 AM)sgbuffett Wrote: To do this you need to compound at 26% a year. If you invest in S&P500, you will have around 250K based on historic 10% return per year.
There are highly speculative ways to do it like using leverage, options and cryptos but all these carry risk of wipe out.
Last time i saw someone do it and documented every investment was Curtis Montgomery of Wall Straits. What was incredible is he did buying SGX stocks. His starting portforlio was 300K and after 10yrs it was 3.2M. After that he closed his website and retired back in US. He passed away a few years ago.
His books and articles are still around for those who wish to learn.
https://www.valuebuddies.com/thread-6227...06580.html
all these people got insider info one lah..................if an average Joe were to do it - it's becoz of big risks............and got lucky........
Posts: 9,135
   
Threads: 0
    
Likes Received: 2,350 in 2,164 posts
Likes Given: 1,845
Chase after money not easy
Money chases after u it’s easier.
No weapons that forms against me shall prosper
No tongue that rises against me I shall condemn
☝️
>
Posts: 5,414
   
Threads: 34
    
Likes Received: 1,923 in 1,472 posts
Likes Given: 372
(11-04-2023, 04:34 PM)Alice Alicia Wrote: I sacked my boss 8 years ago doing this with SPY. ![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
I need to learn how to do this...
Posts: 27,791
   
Threads: 8,915
    
Likes Received: 5,544 in 5,003 posts
Likes Given: 9
BS is so call what Loo, Kelvin etc local self claim financial guru , give seminars blah blah.
Hey come on , REAL Successful traders, investors KEEP QUIET. They don't tell u how to invest ok.
Look at Warren Buffet he don't directly tell u what he do " backend " too.
same apply for others Billionaire , millionaire investors, traders.
THEY ONLY WILL COME OUT " FAKE INFO " tell u they plan to buy this xxx stock but actually is indirectly want to sell off.
![Smile Smile](https://sgtalk.net/images/smilies/smile.png)
when people like SG butt this type followers will go buy and buy pushing the stock prices , whereas the REAL successful traders/investors behind happy sell high.
Users browsing this thread: 1 Guest(s)