Assume 100,000.00. Betting on red or black at the roulette is not exactly what I would called minimal risk. If it's a stock please state which and support your answer. Think the answers obtained could be beneficial for the readers as well.
2006-06-07 12:09:14 · 7 answers · asked by flacambra 2 in Business & Finance ➔ Personal Finance
I'm sure there's people out there that know, it just hard as hell to find out :)
2006-06-07 12:38:12 · update #1
Ok so are there any educated ways aside from hitting a Casino ? :) If so, I'm all ears.
2006-06-07 15:05:31 · update #2
Count up the money you have. Go to work and save that amount in 12 months. Within a year your money will have doubled, guaranteed.
I've doubled money in far less than a year, but it entailed significant risk. More important to me is to hang on to what I have, save more, and achieve a return of 15% or more every year. I do this by researching and investing in quality stocks of companies that produce hard commodities (oil and mining companies).
Best of success.
2006-06-16 18:06:02 · answer #1 · answered by Thinker 5 · 2⤊ 2⤋
Did you even think about this question?
Seriously if there was a sure fire way to double your money with almost no risk, don't you think everyone would be doing it?
The bigger the gain potential the higher the risk is likely to be. You don't get something for nothing in this life.
2006-06-07 19:35:13 · answer #2 · answered by ZCT 7 · 0⤊ 0⤋
Can't be done with minimal risk. If you will accept some risk, you can take a chance at doubling your money, but in finances, the bigger the potential for return is, the greater chance you have of losing some or all of it. Otherwise we would all be millionaires.
2006-06-07 19:48:25 · answer #3 · answered by dcgirl 7 · 0⤊ 0⤋
Put $80,000 in a CD. Put $20,000 in the penny stock with great promise of your choice (listen to the radio for ten minutes, someone will give you the name of a stock they are absolutely certain will quadruple over the next year).
You'll lose your $20,000 (or most of it), but you'll grow up a little and learn a valuable lesson. There is no free lunch. And even if there was, it wouldn't be available on Yahoo!Answers or any other financial forum!
Best of luck to you.
2006-06-07 19:52:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
There is no way you can double your money in 12 months. Only way that can happen if there is a 72% interest rate. (If you understand the Rule of 72, you would know why).
So, if the interest rate for the year averaged out to 72% and you deposit only $100,000. You should have approximately $200,000 by the end of the year (base on the power of compound interest).
2006-06-07 19:23:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Best way to double your money, fold it in half and put it back in your wallet. Anything that could double your money in a year is going to be very high risk.
2006-06-07 19:12:28 · answer #6 · answered by davidmi711 7 · 0⤊ 0⤋
when you get an answer for this question let me know.
2006-06-07 21:52:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋