How can I realistically turn this to $1M within a decade?
You'd invest it how I tell you
Invest in knee pads
>>34449233>>34449234what's the point of posting meme answers on an advice board?
>>34449271What's the point in asking for financial advice from a bunch of randos on a meme site?
>>34449279I wanted to figure some options I haven't thought of, then do my own research to figure out which option I could realistically follow through with
>>34449214Put in all in floydies and doge and HODL
>>34449214Turn 50% of it into gold bars, and in the event that the dollar collapses, you'll already be there. Other than that, watch the news, check for new technology, and keep a portion liquid for investing into things. Watch for essential things to drop really low that will eventually go back up again, like oil, and keep a finger in most pots if you can. You could invest in a business, find things that people want or need, and get them to them for a price, but most of all, take it slow and read books on best practices; I'm no expert, and don't invest it into a house or a car. And never sell when your assets are down; most will eventually go back up if it's a large enough business unless you have more than 7k or so put into it, which you shouldn't really do. The strat will change once you get to 500k, so come back then. Live like you don't have any savings at all, too. Of course, you need to be stacking money on top of your money if you really want to be part of the 10-figure club.
If you have anything that will go down in value, sell it, and buy a portfolio of things that you believe are undervalued
>>34449214There are only two realistic options.1. Put it all in VTSAX and contribute $60k a year for 10 years. You will have $1 mil but you'll only end up earning $100k from the investment and the rest is your own money.2. Start some kind of business.
convert to Hong Kong Dollar
>>34449214Easily and without even trying. Put it in a no-load index-linked mutual fund and forget it. There will be good and bad years, but over a decade you'll average over 10% growth a year.
>>34449322Buying gold will turn 150k into 150k adjusted for inflation. Silly advice.
>>34449214Keep doing what you are doing. It is perfectly realistic to expect a million in a decade.
Is /adv/ /biz/ now?
>>34451325/biz/ is a bunch of retards trying to fuck each other over with memecoins
>>34451240holy circular reasoning>>34451330>>>/biz/smg and >>>/bant/smg aren't crypto and not THAT bad. OP try those places. Put some effort into it, read the OP's etc. and you may get some solid advice. But you shouldn't need to, just read up on retail investing.
>>34451336YEAH, biz IZ GOOD if you ignore the advertisement-posts AND propaganda.
>>34451348That's the thing though: if you're smart enough to discern those things, you don't need /smg/ in the first place. I just go there for inspiration, for fun, or to cry.
>>34451351Casino Camaraderie. Gamers even.
>>34451336>circular reasoningYou admitted that gold will only grow in relation to cash through inflation. That's true.
>>34451330Are you the OP telling me this or someone else?
>>34449214Run the wheel strategy on dividend stocks.
SCHD
>>34449214I can help if you're Canadian . I don't know other country investment accounts and shit
OP please help me.
>>34451390Much market growth is from a weakening dollar.
