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How can I double my money?

Any good ideas?

asked by moneyguy (78)

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Tags:  business  investing  money

answers

If you're looking at a horizon of 3-6 years, Gold or other precious metals is where you want to put your money. This is the best way to protect yourself against inflation in my honest opinion. Gold historically has been a pretty conservative bet.

6 votes

There is no sure fire, legal way to double your money in any get rich quick scheme. Hard work, though, generally prevails, so the best advice is to look for a way to improve efficiency in what you do and then capitalize on that learning. If there is something which can be done better, do it.

5 votes

The higher the pay rate, the higher the risk. There are no safe ways unless it is invested at 15% for 7 years or 20% for 5 years.

4 votes

Keep the half amount in a saving mode in any bank. With the rest you can either do stock trading, or open a food shop in a good place.

reply
posted by mahmud (35)
4 votes

Find a good investment rate at a bank. Putting your money into an account where the money can double if not triple within a certain amount of time.

reply
posted by mpelle (302)
2 votes

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