Powered by Max Banner Ads
1 Million $ in 10 years ?
March 15th, 2010 | 
Author: Is it possible to accumulate liquid funds of 1 million $ over a timeframe of 10 years ?
If yes, which of the following ways would be the best way to achieve this: (initial capital 10,000$)
1. creating a business
2. Investing in the stock market
3. trading commodities
4. trading forex
5. real estate
6. start an online retailing business
7. create an online affiliate website
8. buying and selling on ebay
9. Something else ?
winning the lottery is not an option !.
Happy New Year. Is your new year’s resolution also to steer towards financial freedom ?. Start now ! Ponder my question.
You would need an average return of about 47 percent per year to achieve your goal. It is possible but not easy. What can work includes items 1, 2, 3, 4, and 5. With all of them you would have to take a lot of risk. You may just hit a lucky stock or a series of great commodity trades, or find a piece of real estate that increases many fold because of some development nearby that drastically changes its value. Your probability of reaching your goal is relatively low, but that does not mean you shouldn’t try.
Posted in best online forex trading
Most American millionaires are created by starting a business. Read "The Millionaire Next Door" for more information.
References :
You would need an average return of about 47 percent per year to achieve your goal. It is possible but not easy. What can work includes items 1, 2, 3, 4, and 5. With all of them you would have to take a lot of risk. You may just hit a lucky stock or a series of great commodity trades, or find a piece of real estate that increases many fold because of some development nearby that drastically changes its value. Your probability of reaching your goal is relatively low, but that does not mean you shouldn’t try.
References :