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i have a job on campus but it only pays min. wage, i have bills and car insurance.... IS THERE A SAFE WAY TO DOUBLE YOUR MONEY WITHOUT TAKING A HUGE RISK????

2007-09-17 02:20:57 · 20 answers · asked by Anonymous in Business & Finance Personal Finance

20 answers

No.. there isnt a safe way.... sorry....

2007-09-21 06:39:43 · answer #1 · answered by I Can Count To Potato 7 · 0 0

Sorry, bro. In the financial world risk = reward. If there was a "safe" or even a fairly sure way to double your money then everyone would be doing it. The best way that I can think of is to play with options or other derivative securities. You can make a bunch if you know what you are doing, but there is still risk involved. You would also need some capital.

2007-09-17 02:26:43 · answer #2 · answered by Anonymous · 0 0

Is there a safe way to double your money without huge risk? The time horizon is the key factor there.

You can double your money with low risk by investing it in a low cost EFT that give you a rate of return of 7.2% and double your money in 10 years with almost no risk.

You could double your money in 30 seconds in a hand of blackjack and the risk is much larger.

There is no 100% safe way to get rich quick. Save and invest wisely and your chances of success and wealth increase greatly.

Good luck!

2007-09-17 03:16:06 · answer #3 · answered by Blicka 4 · 1 0

There is no quick safe way to double your money. I have over a million dollars to invest. If there was a quick safe way to double my money, I would put a million dollars in it. When it doubled, I would reinvest to make the 2 million into 4 million. Then I would reinvest again. Soon I would be richer than Bill Gates. Unfortunately, there is no safe way to double your money.

2007-09-17 02:35:24 · answer #4 · answered by Anonymous · 2 0

No. There is no safe way to double your money quickly. Cds have a bad return right now. Stock market and mutual fund are a long term invest, at least five years. Find yourself one of those higher interest savings or money markets.

2007-09-17 03:15:19 · answer #5 · answered by JB 6 · 0 0

only safe way to double your money is find a job that makes twice what you are making right now. Sorry!

2007-09-24 06:45:37 · answer #6 · answered by iamroxi 2 · 0 0

High-yield interest savings bank

Only open a CD if you don't want to touch the money for at least 6 months.

2007-09-17 03:46:46 · answer #7 · answered by Johnny Answerface 2 · 0 0

Apparently shopping truly property on the beginnng of a growth is the attempted and proven method for plenty of. The Law of seventy two can support you verify how lengthy it'll take you to double your cash on investments. Take the steady (seventy two) and divide it via the (fee of go back) to discover out how decades it'll take your cash to double. * seventy two divided via four = 18 * seventy two divided via 6 = 12 * seventy two divided via eight = nine * seventy two divided via 10 = 7.two * seventy two divided via 15 = four.eight Make you understand how so much banks make from bank cards.

2016-09-05 16:50:27 · answer #8 · answered by zamoro 4 · 0 0

If it was that easy, then why don't everyone make money like that??? Just work hard and move up. You will pay your due, then you will make more money. That is life.

2007-09-17 02:28:59 · answer #9 · answered by paris2539 1 · 0 0

Things with the highest risk have the highest returns... remember that..

2007-09-21 12:34:09 · answer #10 · answered by Millionster 3 · 0 0

Buy Northern Rock. You will easily double your money (or lose it all).

2007-09-17 03:12:56 · answer #11 · answered by Anonymous · 0 0

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