If an individual was to have an extra $10,000, how can I flip it to $20,000?

Question

Trying to find a why to flip $10k to $20k, any ideas?

Answer 1

Well they say it takes money to make money so u need to invest and invest in something that will keep on bringing in the money.Your own business doing taxes cuz u would never be out of work either cuz everyone that has any kind of business needs an accountant.All u need is a course or 2 a computer n some to hire u.Just undercut some n u will have no prob.If u live in Canada u could try an rrsp's not sure how much u get but you do get more interest then normal n if u don't know what to do with your money u might as well put in a rrsp until u decide and that way your making something while u decide.U could always start a small business in clothing or a restaurant of some sort buy and sell from ebay.You buy things while there really cheap n then re sell for double cuz it's a big world and there is always someone looking for something n is always willing to pay more then the last person.Well good luck n hope u get what u want.

Answer 2

The only flipping was done in real estate (way above the $10K range) and that has tanked & the folks holding the ball with those ARMs are now on the fast track to bankruptcy court.
Investinging $10K can get you some dividends in the Canadian Energy suppliers but commodities are volitle and you would need to leave the $$ in to ride out the fluctuations.
good luck

http://finance.yahoo.com/marketupdate?u

Answer 3

50% profit on your investment is asking a lot, especially as it is quite a small amount of money. Any investment offering that type of return is likely to be very risky indeed. If you can get some additional finance through a low cost loan you might be able to make that kind of profit developing property. I have no idea what the market is like were you are but 10k seems like it's probably enough for a deposit on something. Most develops look for a 20% pretax return on any investment project but if you pick the right properties and turned them around quick enough you should be on your way to making your first million let alone 20k.

Good luck

Answer 4

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Answer 5

Any legitimate investment that might double your money is going to involve some risk. You could just as easily lose a chunk of money. That said, I own Bodisen Biotech, symbol BBC. This is a $5 stock, that I think could easily go to $10. Here is a link on the company:

http://www.top10traders.com/ViewPost.aspx?postID=266

Don't just take my advice. See what the best investors are buying and selling. Steal their great ideas. Go to http://www/top10traders.com 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. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

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Good luck.

Answer 6

Play stock options or play futures. This kind of return is pretty common among daytraders playing options or futures. However, you have to be very experienced, be an excellent technical trader, and most importantly have the right mindset, you must be able to control fear/greed, which is the hardest part of the game, but again it can be done, you simply have to work on yourself a lot. Practice, practice, practice.....

Answer 7

Do you know anyone who is flipping a house and needs another invester?

Answer 8

Go to atlantic city and put it all on Black

Answer 9

I would recommend you to do Forex trading as it will give you fast returns

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Answer 10

Put in on black. One spin and win......maybe.