Comment on Ask HN: What would you do to turn $100K into $1M in 3 years?Comments−marssaxman3yIf there were any reliable way to do this, people who knew the trick would be doing it, not talking about it. As soon as the opportunity became common knowledge, it would be flooded, and the margin would disappear.−scott_siskind3yIt's not just that. It's an annualized return of roughly 116%, when for comparison, the US stock market has a long term return of roughly 7%.In the investment world, anything close to 10% return is usually highly risky, speculative.So it's downright unattainable, since the vast majority of the population which invests money gets returns that are 20x lower in a good year.
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If there were any reliable way to do this, people who knew the trick would be doing it, not talking about it. As soon as the opportunity became common knowledge, it would be flooded, and the margin would disappear.
It's not just that. It's an annualized return of roughly 116%, when for comparison, the US stock market has a long term return of roughly 7%.
In the investment world, anything close to 10% return is usually highly risky, speculative.
So it's downright unattainable, since the vast majority of the population which invests money gets returns that are 20x lower in a good year.