what to invest with 10k

[clobber]

No, it makes perfect sense. He's more likely to double his money by putting it all on black at the roulette wheel than he is to pick a stock that will double in a year.

And if he wants to put in $10k and have $1M in 10 years? Or more? Good luck with that roulette wheel.

 

[hesperus]

And if he wants to put in $10k and have $1M in 10 years? Or more? Good luck with that roulette wheel.

and good luck with your stock picks turning 10K into 1M

 

[clobber]

and good luck with your stock picks turning 10K into 1M

Ha! Touche

 

[ER_Hopeful]

LOL. One post defines a home run as a 1 year return. The other hedges at 5-10-15-20 years. I wonder what the OP thinks is a home run?

My timeframe will be 5-10 years.

 

[LiveBelowMeans]

Check out RDN. Almost went bankrupt during housing crisis. Now making very good money and stock price has dropped over last 6 months. Looking for $18/share in next year. Jmho.

 

[clobber]

My timeframe will be 5-10 years.

I have a similar 10k and similar timeframe. One that I have been thinking about is Tesla. I would think you'll either lose it or do very well. Disclaimer: I am not an financial adviser nor do I own that stock.

What got me thinking about this was a visit to a Tesla store. Inside they had the basic frame without the cover. What struck me is how very simple that car actually is. You can see an example here. Basically a bit of steering in the front, an electric motor in the back, and some batteries in the middle. The motor looks like one of the little ones I played with as a kid.

Now - I'm not a car guy at all, but where are all those things I don't understand when I look under my car's hood? Pistons, spark plugs, fuel injectors, timing belts, etc. You know - all the things that break and need maintenance and all that. I was impressed.

Of course, that has no bearing on how the company and their stock will fare.