How can I turn $5,000.00 into 10,000 quickly. Any investment tips?
Posted by admin on May 27, 2009 · 7 Comments
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7 Responses to “How can I turn $5,000.00 into 10,000 quickly. Any investment tips?”Speak Your Mind
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go to vegas/atlantic city and put it all on black on the roulette table.
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there isn’t any quick way to double your money without huge risks. i’d take it to the casino and dump it on a black jack hand, sink or swim!
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The casino… if they Casino War, play one hand. Best odds in the casino.
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First we should start by asking, how quickly you want to Double your money, in terms of months/years. For a down-payment? Wedding? New Car? Those are saving/investment goals.
In investment, would be, how long would it take to compound your investment at what rate. Ex. at 12% interest it would still take $5,000 6yrs to grow into $10,000.
Rather than taking advice to lose your money, by playing a Casino game if you lose the money. You cannot claim it on your taxes, the money would have vanished and you would have to start over torwards reaching your $10,000.
I would tell you to invest in a stock selection focused mainly on Dividend producing stocks. That give you a high yield. Investing in the Utilities, Gas, Real Estate Investment Trusts, can give you a significantly higher interest rate than the bank, and if you spread you money over 5 companies, ( No more than a $1,000 in each) if one were to do bad the other four would allow you to still hold a nice sum of money, while you can continue working for the rest of the money you need.
Finally my last piece of advice, is don’t rush to double your money or you may end up with none of it at all.
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1. avoid tips
2. options get you the most leverage bang for your buck..
options are your best legitimate chance to double your money quickly
they are also your best bet to lose it all.
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1) Go to Las Vegas and bet on black and win. (It will take just a few seconds)
2) Open a brokerage account at Zecco and invest in MGM Mirage. (NYSE:MGM)