So the cut-off for me would be at around 200,000AUD since I could buy a property in urban Australia outright then. I currently have 20,000AUD.
beat the market by that much
Actually I hadn’t thought this part through thoroughly. Thanks for findind this flaw! Argh. I would need 1000percent returns on my investment to make that much...
Now my strategy seems absurd. Can you think of anything I can do to make something like that?
I can think of many ways to increase your investment by 10x quickly, as long as you’re willing to accept more than 90% chance to lose it all.
More likely, you’ll need to supplement any investment with labor or other income. Your future earnings are (I hope) much much larger than your current savings.
Show some math behind that. Where’s the cutoff between negligible and significant, and why do you think you can beat the market by all that much?
So the cut-off for me would be at around 200,000AUD since I could buy a property in urban Australia outright then. I currently have 20,000AUD.
Actually I hadn’t thought this part through thoroughly. Thanks for findind this flaw! Argh. I would need 1000percent returns on my investment to make that much...
Now my strategy seems absurd. Can you think of anything I can do to make something like that?
I can think of many ways to increase your investment by 10x quickly, as long as you’re willing to accept more than 90% chance to lose it all.
More likely, you’ll need to supplement any investment with labor or other income. Your future earnings are (I hope) much much larger than your current savings.
If you want to buy property the standard way is to take out a loan from a bank.