If I have five thousands dollars, how can i flip it to double or even triple my profit?

Question

i'm a 20 year old guy in new york city, i need to get myself off the ground so I can move out and get my own place. My father has promised to loan me five grand with which i'm supposed to use it in one way or the other to generate 10 or even 15 thousand more with it. I'm a little short on ideas so I need you, the educated people of the U.S. to help me by offering your keen advice on the matter. I need only serious ideas please cause i'm really serious. Thank you all

Answer 1

Anything that makes that kind of $$$$ fast can also
LOOSE it fast .

But try the stock market , open a brokerage account
AFTER you study the Yahoo finance Investing Ed 101 section .

http://finance.yahoo.com/

Good Luck !
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Answer 2

http://www.thestreet.com/s/dykstra-why-i-buy-deep-in-the-money-calls/newsanalysis/investing/10373594.html?puc=_tscs

Good luck. With reward comes risk. Rec. you read OPTIONS AS A STRATEGIC INVESMENT first and stay away if you know nothing at all about the stock market, and aren't willing to lose all your money if it all goes to hell.

I've made 4 call option position trades while loosely following Lenny Dykstra (2 based on his rec's; 2 my own picks using his general strategy); 3 have been $1000 avg winners within a few weeks with about $5000 at risk each time, and one is currently open and down about $1000 on $7000 at risk.