Investing is prefered, but selling something is ok too.
2006-10-20 11:15:39 · 9 answers · asked by terrabits 1 in Business & Finance ➔ Investing
High return and safety DO NOT go hand in hand. While some investments are riskier than others, there are some that are unlikely to result in a total loss, but still can deliver a painful blow.
ABSOLUTELY NOTHING will return 13% a month consistently. SOME stocks may do that in a month, and a very few might even average that over a year, but if predicting which ones were going to do that were reliable, investing wouldn't be investing, it would be high interest savings.
You CANNOT even get that kind of return over a whole year SAFELY. To get the possibility of that kind of return or better, you have to be prepared to risk a substantial loss.
It is possible to see those kinds of returns with options and commodities, but....and this is a big BUT, it is just as easy to lose every dime of your money.
Stocks are less risky and some have that potential, but most are going to average between 6 - 12% a YEAR, not per month. It is possible with covered call strategies to increase that return a few percentage points at a minimum of added risk, but you have to own the underlying stocks to make those plays.
Anyway that's the truth of it.
You can make good money selling things, but again there is always the risk of purchasing inventory you can't sell at a profit. Usually a merchant charges twice what he paid for something. Clearly that's 100% gross profit (net profit would be gross minus your expenses).
For that small an amount, eBay might do well for you.
Do some homework before you do either.
2006-10-20 16:17:57 · answer #1 · answered by Lori A 6 · 1⤊ 0⤋
Frankly, if you can only spare $100 a month, the best thing you can do now is not a financial leverage but a knowledge leverage. You should use that $100 a month that you have to buy great investment or business books or join similar seminars to learn about how to make that 13% a month safely. There are ways to do it but sadly, those are not ways that someone with only $100 a month has access to.
Use that $100 a month to equip yourself with the necessary knowledge to produce your desired 13% a month and one day, when you have the required amount of money to start such ventures, you won't be caught off guard.
2006-10-21 06:39:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You need at least $25,000.00 USD to get those kinds of returns and you also need to take at least a small risk.
With $100.00 you may get 13% PER YEAR if you take a small risk and if you want a safe investment you will only get about 10% PER YEAR.
Your goals are unrealistic.
Top 6 Answerer in this category.
2006-10-20 18:41:35 · answer #3 · answered by Anonymous · 2⤊ 2⤋
there just ain't no such animal. anyone who promises
you that much even annually, is blowing smoke. avoid
such scams like the plague. investing successfully is
like the story of the tortoise and the hare. slow and
steady wins the race.
2006-10-20 18:26:53 · answer #4 · answered by agedlioness 5 · 2⤊ 0⤋
13% is not to likely, but for higher rtns check out preffered stock or junk bonds, the later being the least safe.
2006-10-20 18:21:05 · answer #5 · answered by Nicholas M 3 · 0⤊ 0⤋
13% a month is impossible. You would be lucky to get 13% a year.
2006-10-20 18:24:52 · answer #6 · answered by Barkley Hound 7 · 0⤊ 0⤋
It depends on where you live sometimes but when you figure it out let me know savings account cds and bonds won't get you what you are looking for but they are the safest
2006-10-20 18:23:43 · answer #7 · answered by Reeka01 3 · 0⤊ 0⤋
If there was such an investment don't you think everybody would be buying it?
2006-10-20 18:23:18 · answer #8 · answered by ? 6 · 1⤊ 0⤋
greedy
2006-10-20 19:07:19 · answer #9 · answered by hgary06 3 · 0⤊ 0⤋