- Start with $100,000,000
- Invest in a balanced portfolio
- In about a year, you should have $110,000,000 or so, for a $10,000,000 profit
I came upon an article tonight that was so dumb I felt compelled to write an article about it. The article (not going to link to it as I don’t want to give it a backlink) promised a $10M return in a year or less. While I already knew the article was crap, I felt compelled to keep reading.
It grew more and more ridiculous every paragraph. At one point, the article asked for a $500 “minimum” deposit, but said that the more you “invested” (term used loosely here), the more you’d earn. So if you can earn $10M with $500, can you earn like a billion with $50,000?
As expected, the topic devolved into penny stocks and “alerts,” a less obvious and
more legal less illegal way to say “pump and dump.” The article went on something like this:
If you had invested into that penny stock at its lowest and sold at its highest, then done the same three more times, your $500 would have turned into $10,000,000 by now!
Yes, and if I had guessed the numbers of the Powerball earlier this year, my $2 would have turned into $200,000,000. It’s not like it’s difficult, out of the millions of worthless penny stocks, to pick the exact three that are going to go up by 1,000%+, right?
The article promised some kind of system for “free” and at this point, you should really realize there is nothing free in this world. I ended up on this article by inadvertently clicking an ad on some site; who do you think pays for that ad? Someone out of the goodness of his heart?
Even if the system actually worked (hint: it doesn’t), there’s no guarantee your orders would fill anyway. Even if someone told you precisely when PINKSHEET:CRAPSTOCK was bottoming out, there is no guarantee you could actually buy a sizeable amount because the volume is so thin even as $100 order is going to exhaust the selling volume and double the price. In some cases, there simply won’t be any shares for sale.
As for the system, what is there to say? Back in the day, people had system for slot machines and now, it’s the stock market. I can’t believe people still fall for that: one would think that, with the coming of the Internet, people would be more alert to that kind of thing by now, but it seems like the opposite actually happened. Those kind of scams proliferate in every corned of the internet now – even supposedly reputable finance websites like investing.com.
There’s a way to make $10M in a year on the stock market. I showed it above. Other then that, forget it.
“But but but options!”
You’ll go broke.
“I buy a call for $0.10. I sell it for $1.00, a 1,000% return!”
900% actually, but you’ll go broke.
Small investment! Small risk! Huge returns!
YOU’LL GO BROKE. DON’T DO IT.
Do you think the guy selling the call for $0.10 is doing it out of the kindness of his heart? No and unless you want your calls to expire worthless: forget it, it’s rigged to make you lose, you’ll go broke. End of the story.
Buy some good stocks, enjoy your 10% a year and shut up.