i just want to know if there is bussinees that i will invert my money into and get the interest back in short period of time for instant put $10 and get $13 in the bussiness . can any one guild me on this.
2007-10-21 07:36:56 · 5 answers · asked by ike e 2 in Business & Finance ➔ Investing
My personal opinion is that the "market" should never be used for short-term investing unless you are comfortable with losing the whole thing, just like gambling in a slot machine.
For many, costs for commissions to buy and then sell a stock, bond, or whatever, can easily wipe out any profit made. If I buy 100 shares of a stock and pay a $7 commission, then pay another $7 commission to sell it, that means that stock needs to go up in value by $0.14 per share just to break even.
Markets should be used long term, or at least longer than "day trading" with money you are prepared to lose and at the very least, with a 7 year time frame that you are willing to wait for the "ups and downs" to return a profit.
That said, the best way to save money is to use "other people's money". If you need something and someone offers "no interest", then you can pay off the item as agreed and not pay the full amount up front or pay high credit card finance charges.
2007-10-21 07:50:09 · answer #1 · answered by JD_in_FL 6 · 0⤊ 0⤋
The best way to turn ten dollars in to thirteen, is to save three more dollars. Anything that claims different is a scam.
CD's certificate of deposit, will pay a compounded interest, but the amount is usually a minimum of 500 and you have to wait six months to cash it.
2007-10-21 18:05:17 · answer #2 · answered by mavis b 4 · 0⤊ 0⤋
if everyone knew the answer to that question we'd ALL be rich. Put it in a bank with a good interest rate and keep adding to it, and you'll see it grow without any risk of loosing it, as in the stock market.
2007-10-21 14:41:11 · answer #3 · answered by gone! 6 · 0⤊ 0⤋
You can invert your own money very easily...just turn it over. You don't need anyone to guild you.
2007-10-21 14:50:07 · answer #4 · answered by Otto 7 · 1⤊ 0⤋
Any decent mutual fund will return at least 30% in two years or less.
Open a brokerage account at Zecco and invest in a decent mutual fund that has returned at least 15% annually in the last decade and you will get what you want.
2007-10-21 14:55:18 · answer #5 · answered by Anonymous · 0⤊ 3⤋