James Altucher: How to Invest for 100% Gains and It's Not in Stocks
Altucher says investors, especially younger ones, would do better to invest their money in themselves.
His reasoning: You could put, say $20,000, into stocks and if you are as lucky as Warren Buffett, you'll make $2,000 to $4,000 or so in the next year. (Buffett has been averaging 10% to 20% returns in recent years.) Not life changing. On the other hand, if you can come up with ways to invest that money in starting your own business, for example, you have a much better chance of generating returns of 100% or more.
His point is clear: While the stock market should offer decent returns over the next few years, an investment of $20,000 to even $100,000 won't give you the kind of payoff that you could get from making an investment in your future.