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Big Bet to make $500K in a couple months or less
Old 02-09-2008, 01:39 AM   #1
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Big Bet to make $500K in a couple months or less

Hypothetical exercise.

$4M assets fully invested
$2M margin available, no current margin balance
Current cash in brokerage account $164K

GOAL: Make $500K over the next couple of months through market timing or some other stupid, risky endeavor.

Current ideas...

Buy a big ass put or call option...really stupid and risky
Use $1M margin to buy ETFC (etrade)....stupid because they've already run up and its risky

More stupid ideas please
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Old 02-09-2008, 01:40 AM   #2
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Theres also the obvious....

stay invested and pray the market rebounds 10% in a couple months.
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Old 02-09-2008, 02:15 AM   #3
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Warning signs of a gambling problem - Dépendances - Ministère de la Santé et des Services sociaux
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Old 02-09-2008, 02:15 AM   #4
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Being up this late must have turned off you brain... I know it has mine


Why not invest in Citi... and hope for the best... (not likely to make the money... but neither are your ideas)....

OR, take your time machine back and invest in Yahoo before the Microsoft offer.... wouldn't that be a hoot...
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Old 02-09-2008, 07:10 AM   #5
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4 mil invested and your not happy? We all want to make more money but no way I'm taking on that kind of risk.
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Old 02-09-2008, 07:13 PM   #6
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Why the long time horizon? I usually rack up 500k in 10 minutes or so
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Old 02-09-2008, 07:20 PM   #7
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Bet the dollar against the euro on the forex spot market. At $2mm, you should be able to get your costs down to under a pip... easy spread to make, assuming the trade goes your way.
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Old 02-09-2008, 07:26 PM   #8
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Go to the casino and find the roulette wheel. Bet 500k on red. Take home your winnings. Or not.
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Old 02-09-2008, 07:50 PM   #9
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More stupid ideas please
Dude... you've already won the game and you still want to mess with the score?

You really need to get a family life do some surfing, and I mean the kind with a longboard or a kite or a paddle...
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Old 02-09-2008, 09:09 PM   #10
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Quote:
Originally Posted by CybrMike View Post
Hypothetical exercise.

$4M assets fully invested
$2M margin available, no current margin balance
Current cash in brokerage account $164K

GOAL: Make $500K over the next couple of months through market timing or some other stupid, risky endeavor.

Current ideas...

Buy a big ass put or call option...really stupid and risky
Use $1M margin to buy ETFC (etrade)....stupid because they've already run up and its risky

More stupid ideas please
Give $500K to your favorite political person, get them elected, and get "favors" forever............
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Old 02-09-2008, 10:25 PM   #11
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Doesn't mean I'm going to do it. Just fun to dream. Don't kill my dreams.
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Old 02-10-2008, 08:27 PM   #12
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Go to the casino and find the roulette wheel. Bet 500k on red. Take home your winnings. Or not.
Craps table. Bet don't pass. Better odds.
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Old 02-10-2008, 08:33 PM   #13
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I've got if figured out. Quick bet on Yahoo puts monday morning. If I can beat the fall. Have to sell immediately after I put up some gains though cause MS will probably be coming back with a higher offer.
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Old 02-10-2008, 08:43 PM   #14
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If you want to limit risk, put/call options on futures.

If you don't want to limit the downside, buy/sell futures contracts.
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Old 02-10-2008, 08:49 PM   #15
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The whole premise in non-sensical unless you change the GOAL to read:

GOAL: Make < or lose > $500K over the next couple of months through market timing or some other stupid, risky endeavor.

Then just take any risky bet you can find. No one's giving away money, but they do take high risk bets. You win or lose a bet.

The other way is called 'work'.


-ERD50
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Old 02-11-2008, 08:58 AM   #16
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Craps table. Bet don't pass. Better odds.
Best idea, but don't forget to lay the odds.
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Old 02-11-2008, 09:35 AM   #17
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Good point.

Find a casino that'll let you lay $250k for a small pass bet. Wait until you make a four or ten point, then put down the $250k as odds.
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Gold futures.
Old 02-23-2008, 10:39 AM   #18
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Gold futures.

Open a commodity futures account. Buy gold futures. As the price goes up, buy more gold futures with your paper profits. Sell out when your profit hits $500K.
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Old 02-23-2008, 07:08 PM   #19
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Its really as easy as this

UK gambler makes almost $2 million off $1 wager - Horse Racing - Yahoo! Sports
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