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Lets say you are given at least $100,000, possibly somewhat more. With that much money on hand, what are some ways you can turn it into $200,000 in a year's time, and then double $200,000 the next year, and so on. If there are ways to multiply it by even more per year, please tell me. Are there specific bonds for this goal, or is there stock/investing suggestions you can give? All advice is appreciated.
Lets say you are given at least $100,000, possibly somewhat more. With that much money on hand, what are some ways you can turn it into $200,000 in a year's time, and then double $200,000 the next year, and so on. If there are ways to multiply it by even more per year, please tell me. Are there specific bonds for this goal, or is there stock/investing suggestions you can give? All advice is appreciated.
As an exercise, you should start with a penny and double it every day for say year.
In general, you can't beat the market in the longer run, even if you can in the short run. Expecting to get more than say a 5% rate of return off of any investment (smoothed across say a decade of returns) is a fool's errand.
Thus, if you have $100,000 in cash, you aren't going to get rich. Still, if you are say 30, and invest the $100,000 in an index fund, you'd have around $525,000 by the time you're 65, even presuming you put no further money away. That's a fair amount of money to live off of in retirement, although with inflation it might not be worth as much at that time.
Lets say you are given at least $100,000, possibly somewhat more. With that much money on hand, what are some ways you can turn it into $200,000 in a year's time, and then double $200,000 the next year, and so on. If there are ways to multiply it by even more per year, please tell me. Are there specific bonds for this goal, or is there stock/investing suggestions you can give? All advice is appreciated.
Let me know when you find out!
Quote:
Originally Posted by Mandalorian
Smart property investments.
Yeah, you could go the stock route, but odds are you wouldn't double it.
Really? I don't think most "smart" property investments get anywhere close to doubling each year. I have lots of investors who are thrilled with 20% annualized returns, and thats on large project flips.
Quote:
Originally Posted by _Buster
I think the Pass Line on the craps table is your best odds.
As an exercise, you should start with a penny and double it every day for say year.
can I borrow 2 cents?
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