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How can you turn $2,000 into $10,000 in one year? |
I want to buy a car for $10,000 but I only have $2,000 saved up. Between bills I cant think of a strategy to save that much money. What are some types of investments or any other options available? invest in off shore accounts Take a loan for the balance Assuming monthly compounding, you are asking for a 190% return. There absolutely no way you will make that amount without tremendous risk. Buy a $2000 car at a garage sale. I'm sure there are dozens of different ways, but I'd be concerned about the degree of risk that other people brought up. HARD WORK!!! I'm sure you're tired of the snarky responses, but if you could turn $2,000 into $10,000 in one year, why waste the money on a car? Keep investing and retire in a few years instead. Buy $10,000 worth of stuff and then sell it. Seriously . . . in other words, go into the "one man's junk is another man's treasure" business. |
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I'd like to see what I can do. I work with hundreds of lenders so I am sure that I can find one that would do a hybrid option ARM on a second home or investment property. Give me a call tomorr... its alot like an option. But with an option you can convert to common, write calls or puts, etc. You could also hedge with cfd's assuming they're available. I don't how they compare ... Well, a lot would depend on how much your morgage payments are and how long you have left to pay. Here's why: You are making up to 3 percent on 401 K and paying 5.625 so you will be gainin... It is possible although in this market may be quite difficult, especially on a manufactured home. Look into getting an investment loan for the property. The house will still need to appraise at w... It is true, the buyer of the put or the call looses only his premium or value he paid for the option in case the stock remain 'remain out of the money'. ...Hi Jason, The American Funds in general are a good group of mutual funds for a load group. One of the most attractive features of the American Funds is their rather low expense ratios. With th... For stock options, record as short term capital loss (assuming it's not a LEAP) on Schedule D, with the expiration date as the sale date and zero as the sale price. If it's an option on a... <<<can i have a put buy and call buy on same stock simulaneously.>>> Yes. If the same strike price is used for both the call and the put it is called a "straddle".... |
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