Ok, no scam how can you double your money every year and what sort of investing you can have? If you're a millionaire give us an honest advise! Thanks!
2006-09-07 06:38:16 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
sell drugs.
tha's the only thing i can think up. sorry, dont really endorse it, but unless you get some sort of trade or do some learning/experience in SOMETHING, making money like that is HARD TO DO.
lemme know if you figure it out though!
2006-09-07 06:42:13 · answer #1 · answered by senacia 4 · 0⤊ 0⤋
It is being unrealistic is how you LOSE money.
There is no magic bullet that will give you double the money every year.
This is the rule: 72. That is, the percentage you earn (say 5%), in an investment will be 72 divided by 5 = 14.4. This means, it will take 14.4 years to double your money at the rate of 5%, compounded.
But, wait. 5% is only if you put everything in CDs. (certificate of deposits). If you have balanced cash+bonds+equity, (10%+30%+60%) then you can earn approximately 8% every year. Now, using the same rule of 72, that will take 9 years to double.
Therefore, get realistic. You cannot hope to double the money every single year. You may get lucky one year but get really get beaten the next. In the end, everything will come out in the wash and you would have earned in the neighborhood of 8% overall.
Get it?
2006-09-07 08:07:04 · answer #2 · answered by Nightrider 7 · 1⤊ 0⤋
i think of doubling you cash each 3 hundred and sixty 5 days is extremely unrealistic... notwithstanding, you ought to purpose some on line procuring and merchandising ventures,like proportion procuring and merchandising, commodity procuring and merchandising or foreign places money procuring and merchandising. some human beings be waiting to make severe high quality quantities of money on the section with the help of paying for for and merchandising now and then yet never double their earnings - it could take you years of journey and a few deep, professional examining of the sphere to achieve this. what's powerful approximately foreign places money is which you would be able to open demo debts particularly on a foreign places money internet site (zulutrade is an occasion) and then use it to get a 'sense' for procuring and merchandising foreign places money. notwithstanding this does not recommend you will no longer ought to learn the sphere drastically. I recommend you start up analyzing professional guides and consulting with experts on procuring and merchandising boards.
2016-12-18 06:24:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can't. Period.
When a group of professionals in a 'high risk' area earns 30-40% a year, they all buy new bmw's and mistresses.
100% a year, every year? Not going to happen.
2006-09-08 02:03:11 · answer #4 · answered by kheserthorpe 7 · 0⤊ 0⤋
The only way to double your money every year is to take risks and hope they pan out.
Reward is directly related to risk.
2006-09-07 06:41:53 · answer #5 · answered by Ranto 7 · 0⤊ 0⤋
Read some home business and investing tips on this site
2006-09-07 06:40:47 · answer #6 · answered by Anonymous · 0⤊ 2⤋
it's too hard to make it in 1 year or you may plant a dollar to make dollars tree hahaha... lol
2006-09-07 06:45:06 · answer #7 · answered by moody 1 · 0⤊ 0⤋