So you want 1,000% profit margin in a year? I assume you don't want to commit crimes.
No day traders will ever say that's possible. Even wallstreetbets doesn't expect those returns.
Fundraising with a sap story is a possibility.
Otherwise, the only option I can see is entrepreneurship. $10k to buy some deepfryers or bbq and some food and get selling. Or $10 to get a website going to sell something.
Such rudeness doesn't deserve a reply, so consider this reply for the larger HN community.
My original post was something like this
> Offer a training on how to raise capital (2.5K course dev, 5K marketing, 2.5K admin maintenance).
and then I changed course because there are nearly infinite paths to turn 10K into 1MM.
Another example is to trade derivatives. There are other examples, but my point is not in the infinitude but that increasing capital is not as simple as having an idea.
Most routes to increase capital significantly are labor and time intensive.
Spot on. People are stealing enormous amounts of money in the cryptocurrency space. E.g.: https://web3isgoinggreat.com/
There are so many scams, grifts, and heists in this space that this is where I would turn if I wanted to MMF. At this point I almost feel like it's a moral obligation: the faster the bubble pops, the fewer people it will harm.
If this question is serious, then it's a terrible way to think. What is "making" a million dollars? Revenue? Profit? Are you just leveraging $10k into loans? Is it investment money? Are you starting a company? Any of those things should lead to a long-term strategy of growth, not to a random, big-sounding target dollar-amount.
If this question is merely facetious, then the only appropriate answer is spend $10k on counterfeiting. The only sure-fire way to get 10,000% growth in a year is fraud.
100x return in 1 year is purely the domain of lotteries and scams. Even wildly successful investments or businesses still need 5-10 years to get these kinds of returns.
Too much cynics here. And from people that MUST know better, to bot.
You can do it this way:
- Invest that in make some software.
- That software sell very well.
Software is likely the easiest to pull. Also:
- Invest that in win a big contract to make software (for enterprise/goverment)
- Use the down-payment to (hopefully, right?) deliver on it.
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I work in this space, but more in the SMALL sector of it, and the major complication is not money, is to get into the kind of people that pay that sums. I almost win something like this, but the pandemic kick and all dried...
Hedge fund "playbooks" are actually pretty safe sometimes.
If you have a hunch that's wrong, and you end up 10% down vs your colleagues, someone will give you a tap on the shoulder and have you escorted from the building. Potentially career ending.
Fairly risk-free way (well, compared to alternatives): invest $10K in interview prep, negotiation coaching etc. Get a FAANG job. Live frugally. In a few years you'll have your $1M.
> Go to a roulette table, put it all on black. Repeat seven times.
This was my thought initially, but then I remembered that casinos usually declare maximum bets. I'm not sure you can place $640,000 on black in one spin.
No day traders will ever say that's possible. Even wallstreetbets doesn't expect those returns.
Fundraising with a sap story is a possibility.
Otherwise, the only option I can see is entrepreneurship. $10k to buy some deepfryers or bbq and some food and get selling. Or $10 to get a website going to sell something.