Is there an investment vehicle in which I can double o r better still compound my Money?

Question

i.e on £100,000 needs to double seven consecutive times

to £7,000,000.

Answer 1

Whilst this is possible it is very unlikely in a relatively short period. If you were fortunate enough to purchase shares in a small company that grew very rapidly it is possible (but again unlikely to get the return you are seeking). However, you are, effectively, seeking to get a return of 70 times your money. You would have to see your investment grow at an average of a little over 50% per year over 10 years to get the return you are seeking and even then you may have to pay a large amount of tax unless planned correctly.

Further, to invest such an amount of money in a small company is, generally, very high risk and if it were such a good investment many others would be seeking to do the same. Hence you would require both luck and skill in large measures.

Most people who become rich 'overnight' do so by setting up a company,growing it and then selling it on at a huge profit and that is probably your best option.

Good luck

Answer 2

It all depends on time. If you have long enough time, any vehicle will do it.

And in there is the clue to great riches: start early, be patient, be consistent, be able to delay your gratification.

At 10% per annum, it will take you less than 50 years to get to your seven Million. (BTW that is only 6 doublings.) At 15% you will take 32 years. I.e. from 20 to 52. Not bad at all.

Answer 3

Yes.

A 24% annually investment will double your money in less than 5 years.

Answer 4

Your question is going to bring out every scam artist out there. Keep in mind: If it's too good to be true..... you're being scammed.

Answer 5

I would recommend you to do Forex trading as it will give you fast return.
Hope it helps.

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