I want my money to grow fast and am running short of a magnificent idea to do that!!! I know an amount of Rs.1lac isn't much but that is what I can invest. I need it to grow at least to double in a year. Please share your ideas.
2006-08-25 18:27:33 · 9 answers · asked by vkm 1 in Business & Finance ➔ Investing
Sir I am sixty four years every one I know would like to have investments double each year ninety nine percent know it doesn't work that way. Any broker, banker or most any one with average intelligence will tell you the same thing. The old saying if it sounds to good to be true it probably is.
2006-08-25 18:46:52 · answer #1 · answered by moonwalker 3 · 0⤊ 0⤋
I would recommend an online discount brokerage that you control. Scottrade is the easiest and has the best rates for trades, (Sharebuilder is good but limits what you can select, which isn't good). Once you have placed this small amount in the online account, you can purchase your first stock(s). If you have a small amount of money, you want to get the most bang for your buck. This means you will want to select stocks that are trading at a low price, that way you can buy more of the given stock. I would recommend buying a NYSE stock below $10.00 a share, there are plenty of them, but you have to be careful not to select a stock that is losing all it's value. RESEARCH EVERY STOCK CAREFULLY (this is easy with the internet). You will also want to select a stock that pays a dividend. This means that every so often it pays you money directly based on the number of shares you hold. You can take this money and keep it, or roll it over into more shares, depending on your situation. In this scenario your investment is increasing in two ways. The money you receive in dividends, AND the increase in stock price as the stock grows. This is the quickest way that I can think of to increase a modest amount quickly, but also involves the greatest risk. There is a chance that your stock(s) will lose value and a great deal of your investment would be lost. The two biggest forces at work would be the stability and growth of the company, AND the market in general. If the company is strong, but the market is going through a downward trend, the company stock price might shed value even though there is nothing wrong with it. If the market is strong and growing, but the company is not stable or growing the price could also drop. That being said, typically, companies and the market in general grow in value.
2016-03-27 06:29:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Try G2Bay. This is a social networking site where people help each other make and save money. People post their photos, blogs, news, product and service reviews and talk about the stocks they own. Every user gets a Million Dollar Page where advertisers pay to find the right customers. The more hits you get on your page, the more money advertisers will give you.
2006-08-28 22:08:10 · answer #3 · answered by masti2100 4 · 0⤊ 0⤋
i have many ideas, but i don't have money and workforce to work it out! if you are interested please contact me in my yahoo mail. im a student but i don't find it as a way to success, i like business. the only thing that is greater than stock is ideas!
2006-08-25 18:44:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
read more tips on investing and stocks on this site
2006-08-25 18:58:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Can you handle a loss of $2,000.00 USD in a year too?
2006-08-26 09:15:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you should purchase some stock market software. its really helpful. i recommend stock signal pro.
2006-08-25 18:47:47 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Start gambling...on cricket!
2006-08-25 18:33:09 · answer #8 · answered by The Prince 6 · 0⤊ 0⤋
http://www.jptrade.net/
2006-08-25 19:16:06 · answer #9 · answered by gt-line g 1 · 0⤊ 0⤋