I asked several people with limited financial knowledge how they would turn $5000 into $50,000. Their answers almost universally involved gambling or other get-rich-quick schemes as the core strategy. While these responses don’t necessarily surprise me, it is concerning that the consensus view was to try something that’s almost guaranteed to lose money.
View Full Story Here
A more robust option is to focus on the key variables that impact the ability to turn $5000 into $50,000.
Fortunately, there are only three:
• Time
• Taxation
• Investment returns....
Market Volatility ― “Liberation Day” Tariffs
Budget 2025 - Spend, baby, spend!
Financial Update December 2024
2024 US election result: Market implications
Inflation
Budget 2024 Measures
Budget 2024 – What is it trying to achieve?
Merry Christmas
The impact of Artificial Intelligence
A tribute to the remarkable life of Charlie Munger By Ben Graham