A brief two-speaker conversation about whether $10,000 can be turned into $1,000,000 in one year. Both speakers agree it is technically possible but extremely unlikely and requires taking large, unsustainable risks; they advise against making that the primary goal and instead recommend conservative initial aims (e.g., staying break even).
Is it possible to make a million dollars from $10,000 within a year?
It's possible, but the possibility of it.
Is very.
Very small. Like, you have to expose yourself to a lot of risk.
So to answer the question, yes.
I think it's possible.
Do I think that's.
The goal you should have?
No.
Why? Because to achieve that, you have to be able to hit.
Big trades and put on massive risk, and it's just not sustainable. I think if you start off with $10,000, don't focus on I need to make a million, I need to make 2 million, I need to even make. He started for 10,000. My first goal for the year is to stay break even, not even to make money.
