I have $20,000 to invest and I want to double it in a years time, any recm'dtion of how to go about doing it?

Question

p/s: I know nuts about investment/tradings or anything related to it! I need genuine help here as I am jobless and am getting old...

Answer 1

I would reccomend you invest some money in shares after doing research for good company check with financial advisor, they will charge some fee.
Invest balance money in Forex trading as it can give you profit quickly provided you know which currency to buy when and which one to sell.
Check the website below for Forex trading tips and tricks shown by experts just follow them and you can make profit.

http://money-review-site.com/investment.html

Answer 2

The first thing to know about investing is that the greater the returns you want, the higher the risk you have to take. To double your money in a year is an extraordinarily high return, requiring extraordinary risk. You should never invest in anything that risky unless you can afford to lose the whole amount. If you need the money to live on, put it in something safe (high yield savings account or money market, for about 5%) and make it your full time job to get a job. Good luck.

Answer 3

If you want to double you need to take a lot of risk. This means you must be prepared to lose all.

The way to achieve this is to introduce leverage. You could for example consider to buy at the money LEAPS (long term call options).

You can buy leaps on Indexes (e.g. SP500 or Nasdaq) or on Stocks.

LEAP definition:
An options contract that expires more than nine months in advance, and can last as long as two years. Normal options tend to last no longer than nine months.

LEAPS are an excellent way, if not the only way, to make a long-term option investment. They trade like normal options but allow investors to benefit from the appreciation of equities while placing a lot less money at risk than is required to purchase stock.

Answer 4

You need an investment where the return would be 72% in one year. That is almost impossible to find. If you are a risk taker, I suggest foreign stock in emerging markets, Latin America, or maybe the Mediterranean.

If you want to be safe, I would suggest high yielding CDs. Make a CD ladder-spread it out to where one CD matures in 3 months...6 months...9 months....and so on. You won't double your money that way but at least it is safe.

The only way to build wealth is in stock.

Good Luck

Answer 5

Ok.. you can check with AIG international> They are an investment firm all over the world.The company that we invested in was Philam Bond in Manila..We converted dollars to peso and made about 17 percent this year.Its very possible that you could double your money easily or maybe even triple it by converting dollars to pesos and having a peso account.We have a broker there that takes care of our investment.We are currently retired living off of the interest every month here in the US .I am not sure but think that to my knowledge that you could possibly do very well there.If you are interested .. please feel free to email me..This is only for your consideration .It does not benefit me or anyone else other than you if you want we can give you the name of the person to speak with there in the Philippines they might be able to help you with a better return ..They are an old family friend that has been with the firm for many years..

Answer 6

I would go with Cramer... and distribute the money into 3 parts and invest it in any one of this years, three categories of stocks Cramer mentioned last week.

Don't invest the whole amount on a single stock...even if you are sure a stock is going up.

I would go to www.thestreet.com and look for the blog from cramer giving the three categories of stocks. Decide on which category you'ld invest and go ahead.
ALL THE BEST... HOPE YOU MAKE IT.

Answer 7

If you know nuts about investing, you're probably better off going to Vegas and putting down 20k on black. I know you probably don't want to hear this, but there's no such thing as a free lunch. I recommend you lower your standards and take any job that comes along and ask an investment advisor to help you put aside your 20k for retirement, and plan on putting away even more.

Vote for me if you agree!

Answer 8

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Answer 9

Hi,

Of course it is possible to double the amount in a year. Actually you could earn even more. But please note that any investment is related with risk.

Why don’t you start your own forex or shares trading? I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years.

Currency (forex) trading is attractive because it is very high income and you could trade from any place in the world and at any time from Sunday night to Friday night.

Another way you could find trader who accepts private investments and invest with him/her.

If you have any question please do not hesitate and pm or e-mail me (press on my name).

Good luck!

Answer 10

how about opening up a business.
I have a business plan that can yield 300% profit but over 5 years with initial investment of 75,000
But for 200% in first year thats way too ambitious

but then 20,000 isnt really alot of money when you think about it.