Post
Topic
Board Economics
Re: How would you double $100,000 safely?
by
carlfebz2
on 06/10/2016, 03:01:11 UTC
Put 100,000 in a bank high interest paying bank account/product. Say 1%.

Use the 1000$ as a stop loss and trade(only if you know how) stocks. Or buy stocks and write calls.

Generate decent returns which will turn your money to double in a decent time frame.

 
You cannot get good return putting your money in the bank as bank is only good for savings not investing. I would rather advise you to put a lending business and offer an interest like 3% to 5% per month with a shorter term so you can roll your capital. I have seen many people getting rich in lending.

I saw some people who get rich on  lending  business  but   its  quite risky for me but  you  must try  and take the risk in able to earn profits and could able to  grow your money. Just make sure that  you would  strictly imposing  rules regarding  when someones  intend to take a loan.