What can I do to double my money?

Answer 1

You could invest it. Read about investments in Smart money magazine for example. By reading issues in the library you just saved more money! The best way is to get a good paying job, perhaps leading to self-employment. Improve your education and you can save more and invest more again. The stock market historically returned 11% per year. After inflation that was really 8%. You will have doubled your real money in 10 years at that rate. If you are young then the stock market is the way to go, not bonds, CDs, or Money markets etc. Some international index funds (Dodge & Cox International), some US indexes. Once a year consumer reports magazine (also at the library) does a index fund rating as do the various money magazines like Forbes. You don't need a lot of math basically percentages, division, multiplication, ratios. For instance CAP rate used for commercial real estate is the (net income / purchase price) * 100 expressed as a percentage. you may need to figure out cost per sq foot, ROI, loan payment dependent on purchase price and interest rate (using a mortgage calculator, tables or computer program).

Answer 2

Many have asdviced you about investing in Stock Market. The premise is that you have only one year to double it meaning you need the money for some purpose after that other than investing. In such situations Stock Market cannot be a route. Stock Market investment is all about speculative income being employed. In India the wages don't have speculative income as a factor. In other countries wages have three parts, transaction, precautionary and speculative. Though this is the use of money, unless your wages incorporate this in its quantity then there is no way you can invest in stocks unless it literal gambling that you want to do with your transaction factor. Other answers other than stocks will be a good proposition. Stocks might do the trick but you might wind up loosing it also, unless you carefully hedge by selling call options and realise your profits as it happen. This involves close working with some stock and options brokers on a day to day basis.

Answer 3

Find a high performance mutual fund (DON'T invest in IT) but instead buy all the best performers in that fund (you save a lot on fees), THEN, wait 7-10 years, and you will double your money. Not as fast as poker or black jack, but you won't lose your money nearly as fast.

Answer 4

It sounds like you are looking for an opportunity to get ahead. Take a look at my "honest Opportunity" 360 blog for some things to look at when doing so... good luck to you...

Answer 5

Double is quite a trouble ;) Don't do it!

Answer 6

consider becoming a drug dealer... or just do whatever those crazy kids do in those urban jargon videos (rap). They seem to know what they are doing.

Answer 7

If it's only a penny - look around and find another one - If it's $500+ - let me know if you find out.

Answer 8

one hand of blakjack.
you got decent odds better then anything else you are going to find.

Answer 9

Bet on Black

Answer 10

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