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26 July 2017 (TheAge,SMH,MONEY) – How to turn $10,000 into a million dollars

(26 July 2017, The Age, MONEY supplement, p2, Marcus Padley)

‘I ask for Stupid Questions in my newsletter and I get them. “I have $10,000 and want to turn it into a million dollars. How do I do it?” You’re thinking “How Stupid” but it’s actually a really good question. So let’s try and answer it.’ <snipped…>

‘If you are going to do it in one stock, then here are a few numbers. To turn $10,000 into $1 million you need a stock that goes up 100 fold. That’s a 10,000 per cent return. In the All Ords at this very moment (about 500 stocks) there are around 60 stocks that have in their trading histories, if you timed it perfectly from all time low to all time high, returned more than 10,000 per cent. That’s a lot better odds than you might imagine. That’s 12 per cent of stocks. Here are some of the highlights:…’

Read the full article at SMH.com.au

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About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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