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Big Bet to make $500K in a couple months or less
02-09-2008, 12:39 AM
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#1
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Recycles dryer sheets
Join Date: Oct 2005
Posts: 325
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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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02-09-2008, 12:40 AM
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#2
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Recycles dryer sheets
Join Date: Oct 2005
Posts: 325
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Theres also the obvious....
stay invested and pray the market rebounds 10% in a couple months.
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02-09-2008, 01:15 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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__________________
Emancipated from wage-slavery since 2002
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02-09-2008, 01:15 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,242
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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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02-09-2008, 06:10 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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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.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-09-2008, 06:13 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Why the long time horizon? I usually rack up 500k in 10 minutes or so
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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02-09-2008, 06:20 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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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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02-09-2008, 06:26 PM
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#8
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Administrator
Join Date: Apr 2006
Posts: 23,041
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Go to the casino and find the roulette wheel. Bet 500k on red. Take home your winnings. Or not.
__________________
Living an analog life in the Digital Age.
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02-09-2008, 06:50 PM
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#9
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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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...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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02-09-2008, 08:09 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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 Quote:
Originally Posted by CybrMike
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............ 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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02-09-2008, 09:25 PM
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#11
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Recycles dryer sheets
Join Date: Oct 2005
Posts: 325
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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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02-10-2008, 07:27 PM
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#12
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Full time employment: Posting here.
Join Date: Oct 2007
Posts: 642
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Quote:
Originally Posted by Gumby
Go to the casino and find the roulette wheel. Bet 500k on red. Take home your winnings. Or not.
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Craps table. Bet don't pass. Better odds.
__________________
"Making deliberate choices about how to spend your money and your time is the essence of making the most of your life energy." -Bill Perkins, Die With Zero
"I've traded love for pennies, sold my soul for less" -Jim Croce, Age
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02-10-2008, 07:33 PM
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#13
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Recycles dryer sheets
Join Date: Oct 2005
Posts: 325
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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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02-10-2008, 07:43 PM
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#14
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Full time employment: Posting here.
Join Date: Oct 2007
Posts: 642
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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.
__________________
"Making deliberate choices about how to spend your money and your time is the essence of making the most of your life energy." -Bill Perkins, Die With Zero
"I've traded love for pennies, sold my soul for less" -Jim Croce, Age
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02-10-2008, 07:49 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,895
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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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02-11-2008, 07:58 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by TickTock
Craps table. Bet don't pass. Better odds.
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Best idea, but don't forget to lay the odds.
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02-11-2008, 08:35 AM
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#17
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Full time employment: Posting here.
Join Date: Oct 2007
Posts: 642
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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.
__________________
"Making deliberate choices about how to spend your money and your time is the essence of making the most of your life energy." -Bill Perkins, Die With Zero
"I've traded love for pennies, sold my soul for less" -Jim Croce, Age
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02-23-2008, 09:39 AM
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#18
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Full time employment: Posting here.
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
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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.
__________________
Retired in 2006 at age 49.
"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
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02-23-2008, 06:08 PM
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#19
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Recycles dryer sheets
Join Date: Dec 2006
Posts: 197
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