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How should I invest my money to make more money in a short amount of time? |
I'm 22 years old, and wanting to purchase a house in the next year or two. I have money in savings right now which is making terribly low interest. What would be my best move? I'd like to invest the money short term, but I'd like to make a good amount of money doing so. Is that possible and how? CD's and Money Market accounts just aren't gonna give me the results I want. As someone has already mentioned, the only way for you to make a lot of money in a short amount of time is through taking on investments with greater risk in order to be exposed to possible greater returns. However, if you're wanting to purchase a house in the next year or two, you obviously don't want to risk losing your possible deposit. It not possible at all. Think about it, if there were a way to get great returns with little risk in the short term, those would cease to be "great returns", and other models would develop! Stocks pay an average of 11% a year. So if you have $50,000 right now, you would have $84,000 in 5 years. next step up is mutual funds - but there is risk involved - that's still only 10% return - long term Open a brokerage account at Zecco and I will help you for FREE. (I am a Portfolio Manager) Try http://goldenbullstocks.com you will be impressed! There are several options when it comes to Investing. However I have invested in CD鈥檚, stocks and Real Estate and I have loved investing in Real Estate. The returns are great and their 30 times what you are going to get from the stock market. I use T & D Investment Group and I think you should check them out they are great and they can get you started ASAP. Also, they have a loss prevention program so you don鈥檛 have to worry about losing your money and most of their properties are sold before they even start working since there is such a high demand in the markets they are in. Their website it www.ncinvesting.org and Jill Daniels is the Investment Specialist that you will work with and her email address is jilldaniels@realtyagent.com. |
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Hello, I also had a similair problem as you have. I had a good amount of money, and wanted it to grow. So I looked around on the internet to find something that is: 1) giving me great returns... It's very simple go to broker office create share trading account.... & trade ...Look for sectors that traditionally do well in a recession. The market is down and that is a good time to buy but it may fall further. If you do not realize your meny is at risk for total loss i st... It sounds like for your post you are saving this money for the long term. If this is the case, I would open a ROTH IRA, and put all the money you don't need to be readily available in there... I would invest in a low cost index fund to match market returns.. go to Vanguard.com and look up their Index funds (Index funds are like a mutual fund but probably 10x cheaper). You can buy an inde... My pocket ...50% in Shares( 30% in large cap, 15 % Medium and 5% small cap) 30 % Mutual funds ( 20% in Equity, 10 % balanced, 5% Liq... Property is booming at the moment so i would sugest invest there. ... |
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