2007-02-17 11:24:54 · 11 answers · asked by kindkayeye/im a chick 2 in Business & Finance ➔ Investing
You can triple your money in just about anything...it depends on your time-frame. For instance, in CD's it would take you about 24 years (with a 5% APY). In stocks you could triple your money in a stock over night...or lose a good portion. Or if you take the historic average the stock market returns then you can triple your money in 10 years (at 8%)
2007-02-17 11:33:30 · answer #1 · answered by fade_this_rally 7 · 0⤊ 0⤋
Invest in the stock market. BUT it will take 10 years or more to triple with relative safety
You could of course buy some high risk cheap stocks, but you very likely end up with 1/3rd of the money you invested.
There ain't no sure-fire shortcuts.
2007-02-17 19:41:44 · answer #2 · answered by ? 6 · 0⤊ 0⤋
Actually, if you invest in the S&P 500 index, it would take around 14 years to triple your money (at 10% per year).
2007-02-17 22:44:33 · answer #3 · answered by LongArm 3 · 0⤊ 0⤋
LEGALLY, you can try something really risky like real estate or some risky stocks or mutual funds but instead of tripling your money you can loose it all.
Hey, I was at a casino last night. I tried the penny slots. All I planned on loosing was $1. I won .62 and I still had my $1!!!
Congrats to me - I took my "winnings" and went home.
2007-02-17 19:30:05 · answer #4 · answered by Dizney 5 · 0⤊ 0⤋
Place your money on a group of 12 on a roulette wheel. You don't give a time frame. You could probably safely do in in 20 years.
2007-02-17 19:29:28 · answer #5 · answered by Barkley Hound 7 · 0⤊ 0⤋
A 38.90% Annual Money Market Account in USD or EUR without risk will triple your money in less than a decade.
2007-02-19 17:21:09 · answer #6 · answered by Anonymous · 0⤊ 1⤋
How much you want your $10,000 after 1 year? $100,000 or $1,000,000? Or just imagine how much Tom Cruise have in bank! You can choose how much! It's true.. First, you can start here..
http://getrichwithforex.blogspot.com
2007-02-17 23:37:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Put it on black in Atlantic City....3 times in a row.
Otherwise, try the stock market.
2007-02-17 19:27:55 · answer #8 · answered by Anonymous · 0⤊ 0⤋
be a loan shark......no i'm kidding but if i knew the answer to this question everyone i knew would be rich....the only way of getting more for your money is taking a risk....and you could end up with nothing
2007-02-17 20:29:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Ask the experts we don't know. And even if we did I wouldn't take our crazy no-experience smart *** advice.
2007-02-17 19:28:20 · answer #10 · answered by Fletcher 4 · 0⤊ 0⤋