How do you turn 5000 dollars to 10000 dollars in a year?

Question

I have 5000 dollars but in a year I want this money to be 10,000 dollars. What the best way to go Stocks,Bonds, Gambling LOL!!? any ideas folks????

Oh yeah i can handle High risk if i lose the money its okay

Answer 1

As the previous answers indicated, you will have to take a hiigh risk if you are serious about accomplishing this.

While gambling at a casino is one way, there is no reason to choose a game that has a high house advantage such as roulette. Your odds are better with a line bet (pass or don't pass) on a craps table.

If you are willing to put some time and effort into your mission, you can increase your odds considerably. If you choose the gambling route, learn how to count cards in blackjack.

If you want to try to trade options, do not look for an OEX exchange. There is no such thing. If you do not take the time and effort to learn about options trading first, your odds are probably better at a craps table than trading options. However, if you are willing to read some good books on options, learning different strategies and when to use them, your odds are much better than you will find at a casino. That does not mean you will not have to take big risks to achieve a 100% return. High returns only come with high risk.

The best advice, or course, is to set a more reasonable target. Even if you do turn $5,000 into $10,000 in a year, you will have not learned anything about good investing strategies that you can use in the future. If you take the time to learn how to invest prudently, you will have learned a skill that you can use for the rest of your life.

Answer 2

In that case I would just go immediately to the casino, put the whole lot either on red or black, depending on your preference, and have it over with so you don't have to worry about it anymore for the whole year. It will either be gone or you will have your 10,000, which you could subsequently put on deposit for a whole year an get an additional $ 500 or so.

Good luck!

Answer 3

I'm earning good money with this binary option signal sofrware ( http://forexsignal.kyma.info ) What I'm going to show you now might irritate old-fashioned traders who can't accept that a piece of software can outperform what they have learned through many years of trial and error

Answer 4

1. Trade Options on the OEX exchange

2. Buy a penny stock which is reported to go up this week.

3.If you are going to Gamble, put the entire 5k on blk on a roulette game in any casino. 3 to 1 chance of making 10k in 2 minutes.

Answer 5

On this site you find all the details about my favourite binary trading software http://tradingsignal.toptips.org

I like it because it's very easy to use: NO complex charts… NO baffling analysis... NO complicated methods... in fact nothing to learn at all! Check the site... (the proof videos are interesting)

Answer 6

Gambling is your best bet. BUT YOU ONLY HAVE A 50% CHANCE OF DOING THAT -the other 50% would mean a 100% loss.

Answer 7

The best way is to invest $5000 in shares.By investing in shares you get benefit in two ways, that is , Capital gains and the dividends. They give high returns.To learn more on shares and stock trading and how to select the best stocks,check the website link below.
http://www.smart-investments.org/Best-Stock-Investments/How-To-Invest-In-Stock.php

Answer 8

Put it all on either Black or Red (or Odd or Even) at roulette. You'll either end up with $10,000 or nothing.

Answer 9

trade in commodity / index future with chart signal

see stockcharts.com

Answer 10

You need at least $25,000.00 to get those returns.