Any ideas how to turn £20,000 into £200,000?

[Anonymous]

I ask a very rich person. Their answer "Selling drugs is the only way to make that kind of money"

[burlen]

Start a business: Starting a new business can be a high-risk, high-reward investment. With £20,000, you could potentially start a small business and grow it over the next 5 years, potentially generating significant returns if the business is successful.

Invest in stocks: Investing in stocks can be a high-risk, high-reward investment opportunity. With £20,000, you could potentially invest in a portfolio of high-growth stocks that have the potential to generate significant returns over the next 5 years.

Invest in real estate: Real estate is a relatively stable and long-term investment opportunity. With £20,000, you could potentially invest in a rental property or participate in a real estate crowdfunding platform that allows you to invest in a diversified portfolio of properties.

[WindAtMyBack]

Easy. Invest it in something with a decent return that's not too high risk. There are thousands of investments like that. It's pretty standard strategy that has worked for many millions of people. A good high rated mutual fund is a good place to start. Although I'd split the money between 2-4 funds.

[jennifer_bloom]

The celebrity antique dealer on e talk made his fortune by buying regularly priced items and reselling them at elevated prices, until he had $10,000,000 in his net worth. I used to know a Japanese restaurant that charged $10.00 for egg tempura which costs less than $0.10 to make, they were exploiting western ignorance about budget Chinese cooking and assuming white people would not know they were being ripped off.

[Anonymous]

Buy a big consignment of cheap stuff and sell for a profit, piecemeal until you reach it

Might take a few consignments and a number of months or years of selling but it's do able

Or buy something expensive but with a know profit margin and sell deals like that and hit the figure

[BeMuse]

Sure, but if you're doing it legally you're probably looking at 20+ years to hit those sorts of returns. Other than that you're either gambling or doing something illegal.

[abc3643]

Add a zero on the right end of every piece of currency comprising the £20,000 that you have.

[Anonymous]

1. Invest with a robo-advisor · 2. Invest with a broker · 3. Do a 401(k) swap · 4. Invest in real estate · 5. Put the money in a savings account.

[FunkyMonkee]

Rob a bank?