the most creative, "out-of-the-box" answer will receive the best answer. =) =) =)
2007-11-29 15:51:28 · 7 answers · asked by BRobb 3 in Business & Finance ➔ Other - Business & Finance
The only way to "double" your money in two months with absolutely no risk is to take the $1500 in bills and fold it in half, thereby "doubling" your money. But it'll still be only $1500.
Now let's talk about doubling it with some risks.
I day trade stocks and can easily double $1500 in a week. But it's not guaranteed and takes a lot of analytic research.
And no, I won't just tell you what stocks to buy. I won't know which stocks will go up until the market opens, and then I have to make my decisions and react within minutes, both buying and selling. And until I've locked in a profit by selling higher than my purchase price, I cannot be sure I'm right. But it does work, over and over.
2007-11-29 16:00:42 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Take the $1500 put it in the bank. Take a loan out on it. Secured loan of $1500. Now you got $3000
Gotta make small payments on your 1500 loan and cant use the first 1500 till you pay off the loan but technically this is probably the only way with little or no risk.
2007-11-29 16:04:23 · answer #2 · answered by friendly advice from maine 5 · 0⤊ 0⤋
interesting question...
if i knew how to do that, i'm not sure i would want to be sharing that strategy. at any rate, i am pretty sure it cant be done with little to no risk for loss. even an insider stock tip has some potential for risk of loss. stock market trade on the short term would be your best bet. hope you pick a good one.
2007-11-29 15:59:40 · answer #3 · answered by loanman 4 · 1⤊ 0⤋
Too easy!
Travel forward in time and check the lottery numbers.
Travel back to your correct time and play the lottery with one of the dollars.
Take the remainder out of your winnings so that you now have $3,000 and then give the rest away to me.
2007-11-29 15:58:12 · answer #4 · answered by Big D 2 · 1⤊ 0⤋
The key words are "without risking it." This makes it completely impossible to double your money in the time alloted without having another source of income. Get a job is the best answer possible.
2007-11-29 15:56:41 · answer #5 · answered by Anonymous · 0⤊ 1⤋
doesn't work that way......................loan sharks don't even double ther money in two months...............
2007-11-29 15:59:35 · answer #6 · answered by richard t 7 · 0⤊ 0⤋
Not possible, sorry.
2007-11-29 16:04:25 · answer #7 · answered by Judy 7 · 0⤊ 1⤋
get a job.
2007-11-29 15:55:09 · answer #8 · answered by Anonymous · 0⤊ 1⤋