How Can I double money in 1 year ?

Question

Hi All,

I am in problem.I need 2 double my money atleast in a year.

So pls help.Guide me whr 2 invest..Shud b genuine.

Thanks
Dayal

Answer 1

The key to money is to realize this bottom line principle:

God (The Father, Jesus Christ, The Holy Spirit) owns it all.

You make money by:

Working
Saving; not spending it all
Investing
Receiving it through gifts

Why not ask the Owner of the money what He would have you do with His money? His ways are the best ways. I don't promise you fortune but if you genuinely need the money God can show you a way and if you come to the end of yourself He will make a way.

I also want to be practical so I advise you to begin right now by asking God how He would like you to invest His money. Say it and believe it: "God how would you like me to invest your money?"

Now you can anticipate God to respond. Its just awesome, trust me :-)

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

Expected return is directly related to risk. In order to double your money in one year, you need to take on a fair amount of risk. How much risk do you need to take on to double your money in one year? You need an investment that is 13-14 times as risky as the stock market.

The problem with this is that even though you may get an expected return that will double your money -- thre will be a large chance that you could lose everything.

Answer 4

If there was a solid genuine answer to this question than everyone would do it. There is a risk to every venture. Correct stock planning could double your money or more in a year. You could also lose some. The ammount of money you have that needs to be doubled is also very important for answering this question.

Answer 5

You can double your money in a matter of a month by investing in share market. But beware, it might eat away all your money also. There is no safe and sure method to double.

-Knag

Answer 6

BUY BANK OF INDIA 180 C A @3(3800) for more than double in a month

Answer 7

ya u can invest in share market u can double the money in one year and it has happend too.maybe if ur luck favours u can even trible. its possible but u have to b patient and very Discipline

Answer 8

The better option is to invest in land and sell it, if you are a bangalorean definately you will be profitable.

Answer 9

oh, it's very simple, you need to find an investment vehicle that would provide you with 100% return within one year.
Easy as it sounds.

Answer 10

Hai,
You have to think about it and based on your bussiness you have to plan and be carefull that you do not lose your money.None of us know what you do.Plan and do.All the Best.
choose me the best if you like my ans.