Leagally
2006-06-16 07:32:41 · 16 answers · asked by divaterry1 3 in Business & Finance ➔ Investing
Invest in your companies 401K plan. If they match your contribution, they can double your money right away. Ask you HR person for details.
2006-06-16 11:17:05 · answer #1 · answered by man_about_the_net 3 · 1⤊ 1⤋
Doubling your money with a safe investment is never that difficult. The only variable that is open for debate is... how fast? Investing safely with a bank CD or money market account, at a 5% compounded interest rate, it would take about 13 and a half years to double it. If you decide to play the stock market and actually do well, it would take about 4 years assuming you got a compounded annual return of 20%. So honestly? If you have any timelines less than 2 years, this is a tough place to get a good answer.
2006-06-16 07:38:52 · answer #2 · answered by Sugarbear 3 · 0⤊ 0⤋
Luck is the only way you will double your money quickly and luck is rarely safe.
All investments carry some measure of risk. If you do something that carries almost no risk of loss of priniciple (principle is your original investment money), you will get a lower return. The risk here is that inflation will outpace your interest rate and your money will lose purchasing power. An example of this kind of investment would be a savings account or CD.
Something like a money market or bond fund may offer slightly better odds of a higher rate of return (not all bond funds are safe investments btw..some are very high risk), but at some risk of loss of your original principle.
2006-06-16 08:55:13 · answer #3 · answered by Lori A 6 · 0⤊ 0⤋
Like they do on TV? Snap out of it girl, this is reality.
there is no get rich quick scheme, there is no pot at the end of the rainbow, and there is no way to find it "fast."
There can be no great success in trading (life) without great commitment, hard work, discipline, and the realization of the “right” type of thinking.
It is the trader’s attitudes, beliefs, and discipline that ultimately yield results. Courage and positive attitudes combined with sound market principles and methods will, in time, result in the desired outcome. Your persistence and determination to succeed is, in the final analysis, the critical element.
2006-06-16 07:49:37 · answer #4 · answered by dredude52 6 · 0⤊ 0⤋
I don't know about doubling it....if that were possible, everyone would be all over it.
Look for a more realistic goal like a 5-6% return in a money market.
You could also try Las Vegas.....at least there's a chance...
2006-06-16 07:36:15 · answer #5 · answered by RCF1977 4 · 0⤊ 0⤋
well, if the real estate bubble bursts, then you might be able to buy some really really cheap land. You could do tons of stuff, but I would ask someone who is rich to show you. I know there are people who will spend the time teaching you.
--oh, and by rich, i mean not upper middle class, but rich.
Would go to this site: www.richdad.com
2006-06-16 07:44:40 · answer #6 · answered by Josefina R 2 · 0⤊ 0⤋
You have 3 requirement:
1. Double
2. Safe
3. Fast
Only 2 of those requirements can co-exist together. Pick any 2.
2006-06-16 07:39:23 · answer #7 · answered by VinTek 7 · 0⤊ 0⤋
Put it down on "odd" at the roulette table.
Of coures, there is substantial risk, which is that the ball will land on an even number.
Risk is always comensurate with potential return.
2006-06-16 07:34:34 · answer #8 · answered by Cão Bravo 3 · 0⤊ 0⤋
fast doubling and safely don't go together. If they did, everyone would be rich (which wouldn't be possible). Double and safe, try EE bonds.
2006-06-16 07:36:12 · answer #9 · answered by ? 4 · 0⤊ 0⤋
Send me the cash in small unmarked bills, I'll take it to Vegas and put it on the roulette table and I'll send it back to you if I win.
2006-06-16 07:37:30 · answer #10 · answered by saturdaynightbob 1 · 0⤊ 0⤋