I almost down-voted this because it's illegal and I thought it was a sarcastic remark, but then I thought about it some more and, aside from working at a job or doing consulting, it sounds like one of the few realistic ways to do what you want to do. The downside risk is obviously pretty huge though - I wouldn't recommend it.
I would do marijuana instead because its a bigger market: coke is still considered a hard drug, weed more popular. Not sure what the margins are, but you can certainly move volume without fear when dealing with college kids. I don't think dealers will try and put you out.
You can also grow your own and wholesale to student dealers. Cocaine your stuck with finding a middleman.
If there was a magical way of doing this don't you think everyone would???
Plus even if you did have a great idea for a start up (which I am guessing you don't) most fail.
Anyway, what are your skills? We can't give you much advice without that info - otherwise yes, the illegal is the only way to go... but seriously, what can you do? What could you normally earn in the open market? What are your costs? Do you want to have earnt 10k, or have 10k cash in hand? Can you live on next to nothing? Or will you need to earn 20 or 30k in that time?
Gambling. Amounts of this magnitude can be easily obtained in widely available gambling houses, and it is 100% legal.
Of course, the downside is that the method is note completely reliable. To maximize your odds of success avoid games of skill or games with numerous independent probabilities. For instance, stopping by a Las Vegas casino and putting down all $1000 on 3 numbers on a roulette wheel would pay out 11:1 (thus achieving your objective with $1000 left over) and has a 8.82% chance of success.
Of course, it has a 91.2% chance of FAILURE... but I am guessing nearly all other options would be worse.
Go to the casino, bet it all on black (50/50 for $2000), then bet it all on red (25% for $4000), then bet on 1st 3rd 1-12 (8.33%), you'll end up with $2000 to play sic-bo with. Good luck!
Because people want something for nothing. It's annoying though. If there was an easy and reliable way to get 10,000 from 1,000, we'd do it over and over and all be millionaires.
Buy a lawn mower and an old truck for under a grand. Go around your neighborhood and offer to mow lawns for $50 1 time per month or more. Stop once you have 33 customers. Mow lawns everyday for 6 months.
50x33=1650x6=9,900. minimum. Hire help at $25 a lawn to scale.
Don't forget to factor in the cost of fuel for the truck and the lawn mower, as well as maintenance and any government fees. Otherwise, I like your plan.
You don't even need FDA rejection to lose your shirt, in this case it was an unprecedented (compared to prior trials) improvement of patients in the placebo control group.
Sometimes in investing it seems that anything that can go wrong, will go wrong.
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[ 4.2 ms ] story [ 51.1 ms ] threadYou can also grow your own and wholesale to student dealers. Cocaine your stuck with finding a middleman.
Plus even if you did have a great idea for a start up (which I am guessing you don't) most fail.
Anyway, what are your skills? We can't give you much advice without that info - otherwise yes, the illegal is the only way to go... but seriously, what can you do? What could you normally earn in the open market? What are your costs? Do you want to have earnt 10k, or have 10k cash in hand? Can you live on next to nothing? Or will you need to earn 20 or 30k in that time?
Of course, the downside is that the method is note completely reliable. To maximize your odds of success avoid games of skill or games with numerous independent probabilities. For instance, stopping by a Las Vegas casino and putting down all $1000 on 3 numbers on a roulette wheel would pay out 11:1 (thus achieving your objective with $1000 left over) and has a 8.82% chance of success.
Of course, it has a 91.2% chance of FAILURE... but I am guessing nearly all other options would be worse.
50x33=1650x6=9,900. minimum. Hire help at $25 a lawn to scale.
THIS IS WHAT I WOULD DO:
Consider ARNA Jan 11 calls (4 strike). Currently at ~1.55 The stock will need to be around 15-16 for you to earn 10x.
The FDA decision should be around October 22, 2010
If they are denied you lose all. If they are approved, you have a chance to be pretty close to 10 bagger
Everyone DO YOUR DD before investing
I can vouch for this from a personal (similar) experience: http://finance.yahoo.com/q/bc?s=SSS.V&t=3m
You don't even need FDA rejection to lose your shirt, in this case it was an unprecedented (compared to prior trials) improvement of patients in the placebo control group.
Sometimes in investing it seems that anything that can go wrong, will go wrong.
- delay (past Jan 11 expiration) - denial - partial approval
All possible outcomes that would wipe out the $1,000.
I would still consider this option superior to gambling or any illegal activities -- but that is a personal choice.
That said, I wouldn't recommend using the stock market as the best way to turn $1k into $10k.
1. Go to Vegas, make some big bets. You'll probably lose it all, but you might not.
2. Lever up and bet on stock options. You'll probably lose it all, but you might not.
And one smart way:
3. Go find a client who needs a website built. Charge him $9000 to do it, and finish within 6 months.