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Updated over 9 years ago on . Most recent reply

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Charlie Bauer
  • Kitchener, Ontario
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If I had $100,000 how should I spend it?

Charlie Bauer
  • Kitchener, Ontario
Posted

This is a hypothetical scenario where the objective is to achieve the largest sum of money .  If I started with 100,000 and am able to add 20,000 per year, what should I invest in? Real estate, bonds, stocks, save the money, or all four?  The objective is after 10 years to see how much money has accumulated.  "in my pocket" money is what I mean.  So not including the value of a house but the money I have gained from it.  I am trying to find what I should learn about before committing.  I am stuck between stocks and real estate.  Like I said the objective is to achieve the highest amount of money possible.  I want to be a multimillionaire.  I live in Canada.

p.s. I wouldn't stop at 10 years but I am trying to put a time frame on the scenario.

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