Question: Best way of "gambling" or high risk invest $10,000 usd?
What would be the Best way to invest in high risk $10,000 usd?
To AT LEAST multiply it by 10 times aka 1000% return.
Within maybe 1 year.
Casino? Forex? stocks? options? Other investment(specify)? sports bet(specifiy)? And any other you can think of.
Answer:
@noncomma does not even know how to play Blackjack LOL you don't bet red/black playing Blackjack...hehehe
There is no best way to gamble....and no it is not investing....you are wasting your money...perhaps if you had skills in poker you could win big but I think you don't have those skills and you would lose your lunch
Roulette. Win 4 times in a row on black. All it takes is a little luck.
I have never turned $10,000 into $100,000, but I have turned $1,000 into $10,000
-at a casino
-with a stock purchase
-with an options spread.
Of course, I have also turned $1,000 into $0 more often than I have turned $1,000 into $10,000.
There would not be any "best" way for me to turn $10,000 into $100,000 because I would not be willing to risk $10,000 on such a risky investment/bet
The "best" way for you would depend on your skill, discipline and temperament.
If you are willing to take the time develop your skill level, you can get a statistical edge in blackjack by selectively picking where you play and counting cards. Similarly if you learn the odds and learn to read other players you can win more than you lose in poker. Sports betting is, in theory, another place you can usually win but the vigorish is high enough I suspect it would be more difficult. Once you have a statistical edge you should place a lot of smaller bets instead of a few larger ones. That draws less attention, avoids the 25% withholding tax on larger wins and, most importantly, prevents the inevitable streak of bad luck from wiping you out.
Options have three drawbacks: (1) There are a limited number of expiration dates (2) The bid-ask spread (effectively the vigorish) tends to be higher and (3) They are probably the most complex choice. They can supply the leverage required to make the kind of large profits you are talking about, but most people who make money with options try to avoid that much leverage for a good reason.
If you are willing to look at a longer time frame, stocks almost certainly give you the best chance of making 1,000%, but to try to get that kind of return in one year would require your choosing some pretty <adjective related to fecal matter> stocks. Stocks are usually a poor choice for trying to make a quick buck.
I have never traded currency, so my knowledge of forex is limited. It certainly can supply the leverage required to make huge profits, but I really doubt the ability to pick big winners exists.
I have never traded futures either, but I know more about them than I know about forex. If you put a gun to my head and told me I had to choose one investment to use to make that kind of profit, I would probably choose commodity futures. There is plenty of leverage plus there is enough information available to make reasonable predictions. Unlike options the investment itself if fairly simple. The complexity comes from the underlying markets. You need to take the time to learn the markets, but there should be plenty of research readily available.