Invest $56,078.33 in an investment instrument that can generate 20.00% each and every month. With the effects of compounding, you'll get $500,000 in 12.
So you should actually be asking..."How can I find an investment instrument that can consistently get 20% p.m. every month."
2007-08-15 14:40:56
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answer #1
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answered by ckowyong 2
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Half a million in 12 months. It can be done.
Selling. Selling is the key. Get into selling something with a good commission, and spend 24 hours a day doing it.
Got a buddy selling home improvements. He gets a 20% commission on every sale that goes through to construction completion. If he sells a $150,000 house extension, his commission is $30K.
To make $500K in a year, he would have to sell $2,500,000 worth of home improvements. Not impossible, that breaks down to $208,000 of sales a month. His average sale is in the range of $35-$50K, so that is only about 4-5 sales on average a month.
But, it is a cut throat business. Getting that kind of sales is very difficult, and you really have to be good. And, you have to know a business that is willing to give you that kind of scratch for selling, and they are few and far in between.
2007-08-15 14:48:09
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answer #2
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answered by cbmttek 5
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How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.
2014-10-06 17:17:40
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answer #3
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answered by Anonymous
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Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/4ed13
2015-01-27 00:38:58
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answer #4
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answered by Anonymous
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Own a fortune 500 company, or be an executive of one. I see no other legal way to make that kind of money in such a short period of time.
2007-08-15 14:16:32
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answer #5
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answered by Loud Silence 2
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You would have to take on extremely risky investments -- and win all of them.
Buy a few thousand dollars worth of 'penny stocks' and hope they go up 10,000%.
Buy a forclosed house for 50K. Fix it up and sell it for 100k (do this 5 times in 12 months).
Get to know an NBA/NFL/MLB athlete and ask them for a loan.
Sue a big corporation for falling over in one of their stores and breaking your leg for 500k (not ethical, but sadly, legal).
2007-08-15 14:34:48
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answer #6
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answered by Anonymous
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Take $5,000,000 and invest it in a good mutual fund that pays 10%.
2007-08-15 14:22:49
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answer #7
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answered by Anonymous
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http://www.millionsovernight.com
Make $1,000,000 overnight instead of $500,000 in 12 months
2007-08-15 14:22:54
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answer #8
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answered by Anonymous
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If I knew how to do that, why would I tell you. I'd keep that secret all to myself!
2007-08-15 14:31:23
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answer #9
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answered by bdancer222 7
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With how much money?
2007-08-15 14:36:45
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answer #10
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answered by Anonymous
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