Short-term or long-term, CD's or a new business, what woud you invest in and how long do you think it would take to double your money?
2007-07-02 18:14:41 · 11 answers · asked by eikud 1 in Business & Finance ➔ Investing
A no-load index fund that follows the S&P 500 or one that follows the whole market like the Schwab Total Market Fund.
2007-07-02 18:21:09 · answer #1 · answered by trail guy 2 · 2⤊ 0⤋
Think about what it is that you want. What are your goals for this money?
Do you know anything about investing, mutual funds or the stock market?
Diversify. Do not put all your eggs in one basket. Split your money between the following types of investment:
Low Risk - High Interest Bank A/c (4% - 6% p.a.)
Medium Risk - Mutual Fund / Index Fund (8% - 12%)
High Risk - Individual Stocks / Strategies (20%+)
Investing tends to only get exciting when you make money quickly or you see the end result of a good investment over a fairly long period of time 15 - 20 years or longer.
The more risk we are prepared to take, the more we can expect to make. That is why the stock market will generally return more than a savings account.
To be successful you will need patience, discipline, and wisdom. But most importantly you need a plan and you need to define your goals.
It may prove expensive to acquire that much needed wisdom on your own. Learn by other peoples mistakes. Learn from other peoples successes. Read some books. Visit your local book store and find a book that you like and feel comfortable with.
Some of the titles I have on my bookshelf include:
One Up on Wall Street by Peter Lynch
How to make money in Stocks by William J. O’Neil (Founder of Investor’s Business Daily)
The Millionaire Next Door by Thomas J Stanley and William D Danco
Check out web sites like fool.com and yahoo finance.
Investigate trading strategies with a proven track record over 3, 5, 10, and 15 years.
Pick something that you understand, find easy to use and will help you realise your goals. Pick a strategy where you can take responsibility for your investments and be in full control of your capital.
A system like the stocksmonthly system could double your investment in approximately 3 years, but as I said earlier, do not put all your eggs in the same basket.
2007-07-03 00:07:09 · answer #2 · answered by Anonymous · 2⤊ 0⤋
I have that invest now in stocks which I make a daily buy-hold-sell decisions on. This is riskier than a bank saving account or CDs but provides a high rate of return. If you could find a 7.2% yearly interest rate with monthly compounding you would double your money in 10 years. I am averaging 30%/year which will double in about 29 months(2 yrs 5 months). The amount of high risk investment you make like this should be a small portion of your overall investment portfolio. Checkout the yahoo group ComputerProgramPicks for more info. Best of luck to ya. Luck is executing with a prepared mind.
2007-07-10 08:00:42 · answer #3 · answered by trader 4 · 0⤊ 0⤋
Look up "The Rule of 72" to see how your interest rate predicts how long it will take for money to double. Basically, divide 72 by the interest rate, and that's how long it will take. If you make 11% on your money (the average stock market in the average year), your money will double in about 6.5 years. CD's would take too long. New businesses are likely to go under. Real estate takes a lot of effort. I'd invest in several dividend-paying stocks, maybe Exxon and a few others: lower risk, good rewards, seem to double every five years or so.
2007-07-02 19:22:51 · answer #4 · answered by Katherine W 7 · 0⤊ 1⤋
I would suggest that you read "Getting Back To Even" by Jim Cramer. The entire book is good, but chapters seven and eight, about options, are especially helpful. If you are determined to try to double your money in 12 months, it would seem that including an options trading strategy is appropriate, and Cramer explains how, if done properly, options can actually reduce your investment risk while considerably increasing your potential upside. Good luck.
2016-05-17 05:45:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I would invest in Managed Account funds with STIFX. http://www.stifxonline.com
Its a quick return and the account is managed by experts. I have around $300,000 with them and have a very good earning per month.
Investing in new business is risky, you dont know if it will make you profit.
2007-07-03 06:24:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
the Roulette wheel at your local casino - definitely short term - just as long as it takes for the marble to land after the spin.
GOOD LUCK !
2007-07-10 06:18:17 · answer #7 · answered by Mr Answerman 7 · 0⤊ 0⤋
Open a brokerage account at Zecco and invest in the ETF EWW.
It would take at least two years, tough.
2007-07-03 07:26:07 · answer #8 · answered by Anonymous · 0⤊ 2⤋
A ponzi scheme
2007-07-02 18:21:15 · answer #9 · answered by Anonymous · 0⤊ 1⤋
get ur self some 50kgs of gold n slver each u will double ur money in just a month but keep ur eyes open on t market....un may even triple ur money...by wat time u double...u gotta b a big n blod player...u t courage factor is important
2007-07-02 19:05:20 · answer #10 · answered by PammU 1 · 0⤊ 2⤋