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Anonymous

Asked on 10 Aug 2020

What's the quickest way to turn a capital of $1,000 to $10,000 (legitimate ways only so no betting or lottery)?

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Kevin Seah

Kevin Seah

Level 6. Master

Answered on 10 Aug 2020

You can try out day-trading. But it comes with a cost - your time. Not only you have to spend time in the day to constantly monitor the market, you also have to take time to polish up your skills in analysing the market.

For me, I believe there is no shortcut to growing your wealth. I believe the best way is to invest your money in capable and sustainable companies that will grow and pay you dividends in the long-term. In the end, I believe your $1000 can outgrow your $10,000 target if you have patience.

Cheers!

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