Vintage clothes reseller leads £10,000 investment challenge after weeks of trading
A group of investors and traders are competing in the Race to £10,000, each aiming to turn £500 into £10,000 as quickly as possible. The challenge has seen mixed fortunes, with some participants making strong gains while others struggle to break even.
After several weeks, a vintage clothes reseller has taken the lead, while a crypto trader and an antiques dealer follow closely behind.
Jess Morton, who buys and sells old clothes on Vinted, currently leads the competition with a profit of £396. Her strategy of flipping second-hand fashion has given her a clear advantage over the other participants.
In second place is Gordon Kennedy, an antiques dealer, with a profit of £170. Meanwhile, Will Nutting, a crypto trader, sits in third after a £100 investment in Bitcoin boosted his total profit to £55. The author of the challenge has bought eight stocks in seven weeks and is still holding four. A loss of £8.62 on Trifast has contributed to an overall deficit of £25. Despite this, they remain within striking distance of third place. Kevin Quigley, a sports bettor, has had a rocky run. After a losing streak left him £90 down, he recovered slightly with a £187 win from 12 bets. The *Investing Monkey*, assigned penny shares by the *Daily Mail Money* team, is only £50 in the red. The stock market itself is often described as a 'weighing machine', where prices reflect the collective decisions of millions of participants. This dynamic adds an extra layer of unpredictability to the race.
The competition continues, with Jess Morton maintaining her lead through vintage clothing sales. Others, like the crypto trader and antiques dealer, are also making steady progress. Meanwhile, those in deficit still have time to recover as the race to turn £500 into £10,000 goes on.
