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For a 26 year old investor with $7,000/yr to INVEST, what is the best advice at a 5 yrplan to reach 100,000?


For a 26 year old investor with $7,000/yr to INVEST, what is the best advice at a 5 yrplan to reach 100,000?

If you are adding another $7K, a year, you would need 37% returns every year to make $100K (and you would have to pay a lot of tax on that, so you will end up with a lot less).

With somewhat more realistic returns, you will need 9 years (also considering tax and inflation, you will need more like 12 years)

most likely not possible, you are basically asking where can i get 90% return for five years straight up

you will need to hit on something that is almost a million to one shot

The only way to get those kind of returns is from the stock market. Those kind of stocks should be small cap, high growth, and still relatively out of Wall Streets scope, so when they do score big you will be there when the big boys load up. Just to name a couple that I have been following for about a year are JSDA, OMTR, and SNCR. All three are have very strong business models and have the potential to grow many times over in the next five years. I personally own Jones Soda Co. (JSDA), which is great company with lot of potential and has the possibility of replicating Hansen Natural's (the maker of Monster energy drinks) stock performance. Jones is in the midst of rolling out their products from 2% retail space to more than 25% with mega-retailers like Wal-Mart, Safeway, and Kroger stocking them up. They are also using a healthier type of sweetener called Pure Cane Sugar over the traditional high fructose corn syrup that Coca-cola and Pepsi use, which gives them another leg up over competition.

Even then you still may not reach the target $100,000 in 5 years. The other option is to consider this financial service that I have just recently heard about. They offer a guaranteed 300% return every 450 days. Hey...this is no joke or scam. Check it out yourself or even call them if you want. http://www.swisscash.net/Web/asc_company...

My BEST advice would be

1. To stick with the plan of investing $7,000 year.

2. Work to increase that amount each year to as much as you can, put off major purchases and curb wasteful spending.

3. Take any extra money you get over the 5 years (winnings, bonuses, birthday card money) Do something FUN and SPLURGE with 10% of it and bank the rest.

4. Don't give up after 5 years....keep going!!!!

5. Look for a realistic rate of return - don't invest in anything stupid

6. Consider modifying your overall plan, with less focus on getting to 100k. That will never happen without the assistance of.....
A. Luck (and luck should not be a strategy - its something you cant control)
or
B. Increasing your savings (this is in your control, so focus ONLY on this if 5 yrs is a MUST).

7. See and repeat Step 1....Save Save Save

Good luck - send me a card from Tahiti when you make it big!!

Even if you invest in a Mutual Fund returning 25% each year you will only make less than $25,000.00 in five years.

You need at least $25,000.00 if you want to make $100,000.00 in five years.

Your goals are unrealistic.

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