"I want to get rich and am willing to gamble"

[Leaky Eye]

Stinky Pete said this in the my daughter is a millionaire thread. There are probably a few of us who feel this way. Say a guy could put away at least 40k a year and was willing to take on a lot of risk, at least for the next ten to fifteen years. What would his portfolio look like?

[DcifrThs]

[ QUOTE ]
Stinky Pete said this in the my daughter is a millionaire thread. There are probably a few of us who feel this way. Say a guy could put away at least 40k a year and was willing to take on a lot of risk, at least for the next ten to fifteen years. What would his portfolio look like?

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if you can put away 40k/year you don't need to gamble to get rich.

Barron

[stinkypete]

[ QUOTE ]
[ QUOTE ]
Stinky Pete said this in the my daughter is a millionaire thread. There are probably a few of us who feel this way. Say a guy could put away at least 40k a year and was willing to take on a lot of risk, at least for the next ten to fifteen years. What would his portfolio look like?

[/ QUOTE ]

if you can put away 40k/year you don't need to gamble to get rich.

Barron

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but i want to be the richest man in the world

[stinkypete]

in 10 years

[DcifrThs]

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in 10 years

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buy google & long china [img]/images/graemlins/tongue.gif[/img]

Barron

[mwgr5]

Dramatically overweighting small cap value in your portfolio should theoretically enhance returns over the long run while simultaneously increasing risk. However, this strategy may not be wise if you need the money in 10 years as small value has underperformed for that amount of time.

[MrBlue]

Become an angel investor.

[ahnuld]

In theory stocking up on high Beta companies should offer superior returns since the variance (which equals risk) is higher but I doubt it would.

[Scorpion Man]

[ QUOTE ]
Stinky Pete said this in the my daughter is a millionaire thread. There are probably a few of us who feel this way. Say a guy could put away at least 40k a year and was willing to take on a lot of risk, at least for the next ten to fifteen years. What would his portfolio look like?

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This is quite simple. Own very few assets, make them risky ones, and own them on margin/leverage (raw land, small cap stocks, biotechnology...


I am not sayings its a good strategy. But it is the strategy that will achieve your rich or bust goals.

[investormcgee]

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in 10 years

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Take $1,000. Pick a stock that goes up 1% that day. Repeat each day for 8.3 years. You'll have a trillion dollars.