I have about US$5000 which is currently invested in equities. Is it possible to turn this into $60,000 in 3 months? What other targets are achievable?
2007-01-18 04:22:22 · 7 answers · asked by Malfoy T 2 in Business & Finance ➔ Investing
In order to do that you need to be very knowledgeable and experienced in the stock market. You will need to be an excellent chart reader.
To answer your question, it is possible to turn $5,000 into $60,000 in 3 months, look into Futures trading or Option trading. Again, to play this kind of trades you have to be experienced.
2007-01-18 06:23:08 · answer #1 · answered by Anonymous · 0⤊ 1⤋
There are no 'slam dunks' in investing. You would have to do some serious trading, mercilessly abandoning stocks that fall, yet being there almost instantly when they rise again. My crystal ball is cracked so I can't do that kind of thing, but good luck to you.
BTW, if you use options, you leverage a small amount of money into big ones when you have the right positions at the right time. Most folks won't let you do serious options trading with only $5k on account though.
2007-01-18 04:56:51 · answer #2 · answered by Rabbit 7 · 2⤊ 0⤋
It is possible but very unlikely. Think about it. If someone knew the answer, he/she would invest in it immediately. If you were to invest in an equity hoping to gain $55,000 in 3 months, there would be a very significant chance that it would be bankrupt instead in 3 months.
2007-01-18 04:43:01 · answer #3 · answered by JY 2 · 2⤊ 0⤋
A capital constructive factors tax is purely charged on the earnings(s) on the sale of a non-inventory asset that became offered at a chit. So the truly impacts the prosperous moreso and that i don't have any concern with that until eventually I replace into prosperous. in spite of if their are countless methods to sidestep capital constructive factors besides as capiatal constructive factors exclusion regulations and offseting capital constructive factors with losses. Now I agree that elevating capital constructive factors is undesirable yet I disagree on your premise and via the way i'm a liberal. elevating capital earnings is incredibly a tax hike which will hit anybody proportionally. 80% of human beings are investors at the instant, from retirement money to college and well being fee reductions money owed to purely day investors. This tax is going to hit countless voters, and not purely “the prosperous” the two. elevating the capital constructive factors discourages human beings from making an investment in business enterprise, and makes it much less rewarding for people who gain this besides it is espeacially authentic for small agencies. Now if we ought to boost it on agencies like exxon, cheveron, walmart, haliburton and different giants purely i'm no longer adverse to that yet this could desire to be balanced via incentiving interest introduction and an common help in company taxes and a repeal of a few lots of the stupid tax breakes the obtain to a flat tax fee with a a protracted way better capital constructive factors tax. My opinion. added, the quantity of gross sales further in via this tax is going to be negligible on condition that it will actually gradual investments.
2016-12-14 04:17:37 · answer #4 · answered by roedel 3 · 0⤊ 0⤋
Odds are a very strong no. You should aim for 10-12%/year after fees/taxes. If you get that consistently you're doing good.
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link
2007-01-18 09:05:51 · answer #5 · answered by personal_finance_101 3 · 1⤊ 0⤋
You want to convert $5K to $60K in 3 months? Play monopoly at home with your wife and kids.
2007-01-18 07:53:17 · answer #6 · answered by Anonymous · 1⤊ 0⤋
I would recommend you to do Forex trading as it will give you fast returns
All the best,
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2007-01-18 07:26:50 · answer #7 · answered by Anonymous · 0⤊ 2⤋