Syracuse Business Daily

Could I become a millionaire by age 21 or 22 by investing into IPOs?

I am 17 years old and so far I have £3,300 saved up. I am going to wait until I turn aged 18 to invest into the stock market. I like the idea of IPOs (Initial Public Offerings). I intend to make maybe £20,000 if I can by the time it's 2010 and the IPO market is back in business. I will definitely find a way to make the £20,000 by 2010, theres a solution to everything I believe. I want to invest into IPOs when they are back in business in hopefully 2010 which is when they say they will be. If I invest successfully IPO after IPO from around age 18 to age 22, could I possibly become a millionaire by then if my money, even if gradually a little bit duplicates as I invest into some IPOs? Please give a reasonable answer to earn 5 star best answer.

Public Comments

1. Yes, you can certainly become a millionaire by age 22 - if you pick all the correct IPOs.
2. It would have to be a damn good IPO.
3. No, but you might wind up broke. A lot of IPOs wind up as duds. A LOT. If the IPO is any good at all, you have not got any chance of getting in on it unless you have an account with a major brokerage firm worth at least a million pounds. Do you?