i need that amount to double or triple or at least get 1500 a month from it all year long plz help!
2006-06-12 05:40:37 · 10 answers · asked by Ema 2 in Business & Finance ➔ Investing
Its probibly not reasonable that you will double or triple your money in one year, unless you enter into some very risky investments. Do some research, seek out the advise of a certified financial planner. They may charge a couple hundred dollars, but it could be worth it.
Definately do not place all the money on one type of investment.
Pick 2 or 3 different things to invest in. If you lose money, hopefully only 1 of the 3 will lose money.
2006-06-12 05:46:42 · answer #1 · answered by creskin 4 · 1⤊ 0⤋
That's hard to answer with the info given.
First of all, what's your "risk tolerance"? If you could live with losing it all, there are lot's of opportunities to double your money at the nearest casino! Of course the odds are you'd lose it all.
Then there are leveraged investments. The most common is real eatate. You make a 10% down payment on a $500,000 house and sell it for $650,000. After paying about 35,000 in mortgage interest per year and about $40,000 in real estate commisisions and closing costs, you'd be left with $75,000 profit. Trouble is, there are very few real estate markets offering 30% per year appreciation right now.
Next there are financial investments - stocks, bonds, mutual funds, etc. In the long run investments in the stock market may appreciate by an average of 10% or more per year. In a good year, you may actually get the 100% increase you'd like, but it's highly unlikely. You can lose 20 - 30% (or more) in a couple of bad years. There's a "cycle" that tends to repeat itself. In good times, investors rush to buy. This drives up prices until the returns are significantly reduced. This causes investors to sell, driving down prices. And so it goes.
So you can see that the more an investment becomes a "sure thing", the more investors will be jumping on the bandwagon, driving up the cost and driving down the return.
Finally, you indicate that you want to "at least get $1,500 per month from it". That can be done, but not without reducing the principal substantially. A low risk investment would last a little over 3 years at that rate of withdrawel.
It sounds to me like you need to have much more reasonable expectations.
2006-06-12 13:08:32 · answer #2 · answered by idlebud 5 · 0⤊ 0⤋
Doubling or tripling your money in one year is very difficult. There's no guaranteed way to do it. You'd have to put it in extremely risky investments (penny stocks, commodities, currency speculation, etc.) and hope you don't lose it all.
1500 per month for one year is 18,000, which if you don't want to spend the principal, is a 36% return. That's still unusually good, but possible. If the stock market has bottomed out and it's ready to bounce back, you could get 36% in the next year. But it might not perform that well, or might go down even further.
In short, even 36% is impossible to guarantee. The highest guaranteed rate of return you can get is probably about 5%.
2006-06-12 12:50:43 · answer #3 · answered by rainfingers 4 · 0⤊ 0⤋
To double or triple this amount would require high risk. Take $18,000 ($1500 per month) and bank it. Take the remaining amount, travel to Las Vegas, live it up, then place it on the Craps (roulette ?) table. Remember, if you win, the I.R.S. will know about it.
2006-06-12 12:50:44 · answer #4 · answered by Puzzleman 5 · 0⤊ 0⤋
Go to Vegas and put it all on Black!!! Just kidding!! Invest in something you feel to be profitable., real estate is where its at!! buy a small home renovate it and sell it for double what you bought it for. then buy another house a little bigger and better then renovate it and sell it for a larger profit...and so on...its called flipping....if i had 50,000 that is what I would start doing. you have to be creative and have a sence of style in order to sell fast though.
2006-06-12 13:15:31 · answer #5 · answered by NIKKI L 3 · 0⤊ 0⤋
Invest in realestate/ REIT'S, or the Stock market in Mid July after the Fed done raising rates .
2006-06-12 12:44:10 · answer #6 · answered by newjersey2112 3 · 0⤊ 0⤋
Real Estate is probably your best bet - especially if you know how to fix up an older house and resell it.
2006-06-12 12:49:54 · answer #7 · answered by fatsausage 7 · 0⤊ 0⤋
Threshold Pharmaceutical (THLD) !!! do your own research!!! i'm just tellling you the stock!!! Do your own research so you can't blame no one for your mistake!!!!
2006-06-13 03:26:16 · answer #8 · answered by bdsi 2 · 0⤊ 0⤋
If it is USD$50,000.00, please contact me... I'm sure that by the end of the year, I can make this $500,000.00
2006-06-12 12:43:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
you can buy stock... and sell it
2006-06-12 12:42:51 · answer #10 · answered by ? 3 · 0⤊ 0⤋