4 Top Tips for How To Turn $100 Into $1,000

If you’re an underfunded investor with only a hundred bucks or so to put in play, you can grow that money slowly over time through traditional investing — but you’d better be patient. Another option, for the less patient perhaps, would be to take some big risks up front to try to turn that $100 into a respectable pile of seed money much quicker.

Your hundo would certainly be a whole lot more useful with an extra zero, but if turning a C-note into a G were some easy task, no one would have to work.

“First, you need to understand that turning $100 into $1,000 requires a whopping 1,000% return,” said Omer Reiner, a licensed realtor and president of Florida Cash Home Buyers. “Even some of the world’s most successful companies still take years to return 1,000%. However, that doesn’t mean that it’s not possible. You just need to take much riskier bets.”

Let’s explore those possibilities, shall we?

Ride the Super (Bowl) Crypto Wave

If you had put your money in Binance Coin at the start of 2021, you would have earned your 1,000% with plenty of room to spare by year’s end — 1,294%, to be exact. Shiba Inu gained 1,450%, Avalanche rose by 2,745%, Dogecoin gained 2,819%, Solana and Terra gained more than 9,000%, and Polygon gained more than 11,000%.

Right now, crypto is the superhero of supersized gains. If you happen to be holding any as you wait for the perfect moment to unload, it’s unlikely that 2022 will provide a hotter iron to strike than right now.

“Sell, not buy, Bitcoin,” said Paul Tyler, CMO of Nassau Financial Group in Hartford, Conn. “After the Super Bowl ads, everyone in America may be investing in this new asset.”

But buyer beware — same as with options, the bigger the potential gains, the bigger the risk. “Realize this is a highly speculative investment, not a savings strategy for retirement,” Tyler said.

Read the Entire Article, here: https://www.gobankingrates.com/money/financial-planning/top-tips-how-to-turn-100-into-1000/

Ashley Saunders4 Top Tips for How To Turn $100 Into $1,000