I want an investment opportunity, asset, or something that will double in less than a year. I am not looking to just bet "red" on the roulette wheel. Looking for some honest suggestions!
2006-12-01 10:05:39 · 12 answers · asked by shteeb 1 in Business & Finance ➔ Investing
Take that $1000 and pay down the highest interest rate credit card or debt that you have. That will achieve you the highest immediate return of almost any investment. Perhaps not double, but better than most stock investments.
If you don't have any debt, then congratulations, you might want to try investing in a company stock that has a product that you really think is cutting edge and will take off.
Good luck
2006-12-01 10:18:42 · answer #1 · answered by rkoblitz 6 · 0⤊ 0⤋
If you really do not mind risks, then the fastest way is trade options, not only you can turn $1000 into $2000, it is quite possible to turn $1000 in to $20000 in a single trade. The downside is if you made the wrong bet, you will lose your entire $1000.
If you will only take moderate risks, then buy stocks in hot sectors, such as tech. It will probably take a year to double your money, but the risk isn't very high.
2006-12-01 16:18:05 · answer #2 · answered by koko 2 · 0⤊ 1⤋
I would suggest the stock market. Before you invest, you should see what the best traders are buying and selling and why. this is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck!
2006-12-01 12:23:17 · answer #3 · answered by Anonymous · 0⤊ 1⤋
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2016-12-29 18:52:11 · answer #4 · answered by guillotte 3 · 0⤊ 0⤋
The stock market is probably your best bet. However, without adequate knowledge of how the stock market works, you can end up losing all your money and more. There are several stocks I would recommend buying, see http://ibooyah.com for those suggestions.
2006-12-01 10:33:04 · answer #5 · answered by buklao 3 · 0⤊ 0⤋
Buy LNOP, the stock's sector is breaking out to the upside and there is institutional sponsorship on this stock. You should be able to double your money in a few months.
Good luck!
2006-12-01 10:57:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Buy stock in a drug company called Cell Therapeutics, symbol CTIC.
I own stock in this company and have high hopes for it, but research it for yourself, go to Yahoo Finance, type in symbol CTIC and read up the their recent developments...I think you could get a very decent return for your investment....Good Luck.
2006-12-01 10:16:43 · answer #7 · answered by sthurb 2 · 0⤊ 0⤋
the stock market.....find something you like and trust and let the (figurative) dice roll. Im gonna invest in my favorite game company.
2006-12-01 10:14:31 · answer #8 · answered by MENTALLY UNSTABLE MAN 3 · 0⤊ 1⤋
You should get into the crack game son! There's mad gwap to be made! Honestly man, look at the Gold Market.
2006-12-01 10:16:20 · answer #9 · answered by BigDinSeattle 1 · 0⤊ 1⤋
You should open up a Roth Ira.
2006-12-02 07:39:44 · answer #10 · answered by Anonymous · 0⤊ 0⤋