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Comment by ktRolster | Hacker News Reader

  >going from $1M to $2M is almost inevitable.

If that were true, I could easily borrow it now and make my way there.

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If you have the ability to borrow $1M, I'd argue you're already there. I know people who can't open a fucking checking account.

If I were given a interest free million dollar loan it wouldn't be hard to invest it and have two million in a few decades. Compounding interest is the key.

It actually kinda disturbs me in a way how easy it is to make money when you have money.

Average market return is 7%[0], with a competent money manager and a few years it is virtually inevitable statistically. You can do exactly what you describe, but if you don't have the assets to back it up they won't loan it to you, nor would you be able to make the payments.

[0]http://www.thesimpledollar.com/where-does-7-come-from-when-i...

Ironically, very few money managers manage to even do as well as the S&P 500. Everyone thinks they can do better, and wind up falling short.

Yeah, but borrowing it would fall under the "going from $0 to $1MM" part.

In terms of net assets, no it's not. It's going from $0 to, say, -$50,000 as now you owe interest.

But in terms of having money, it is. You now have $1MM to do stuff with, whereas before, you didn't. That $1MM can be put to work, or used to buy better tools or hire better employees. That's something you couldn't do when you had no money.

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