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Old August 9, 2002, 06:02 PM
Michael Ross
 
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Default The Fastest way to double $500, $1000, $2500, $5000, $10000 is to

Enter these amounts into your financial calculator and multiply them by two :o)

Of course, you just end up with numbers that way.

For actual dollars you would have to use a spreadsheet that showed the dollar amounts - :o) :o)

Now to answer your question for real...

The answer to the question would make a Great special report. Because all it would take is an initial investment of $500. Then, when you've turned that $500 into $1,000, you re-invest the lot until it is $2,000. Then re-invest the $2,000 and it becomes $4,000. Then re-invest the $4,000 until it is $8,000. And so on... "How To Turn $500 Into $32,000 In X Days"

But the thing is... what do YOU consider to be Safe.

If you want "safety"... put your money in the bank or a government secured "investment vehicle." Of course, the rate of return will be small. And if you get a 5% return it will only take a little over 14 years to double your money.

Also, are you thinking along the lines of the return on Your Cash Investment, or on the investment overall?

Because if it's Your Cash you are mainly interested in, then there are ways to get returns of infinity... in real estate... using borrowed money and none of your own...

And also in other areas...

A little while back John McTighe told a story about making $1,490 with ZERO money invested. Of course, he had about six hours of "sweat equity" in the deal. So his hourly rate works out to be $248.33 per hour - you can read his story here: http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=6490

But from a Cash on Cash Return his return is infinity because he invested no cash.

He also tells a story of finding car for $300 and flipping it for $700 within the week.

And to see what three millionaires did when they had $10,000 to invest, read this post series: http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=2053

No matter which way you cut it though, the fastest and safest return will be to buy something and then sell it.

The amount of return you want will determine whether you buy before you sell, buy after you have made the sale or sell without actually buying.

You could, of course, Short Stock - could be very risky if you do not know what you are doing.

Or Trade Currency Futures - Here's a post where one guy turned $10,000 into $187,000 in one day: http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=1627 - again a high risk venture.

But risk and safety are matters of opinion. I do not know how to cover my downside with Shorting Stock or Trading Futures and this is why I consider them risky.

Then again, I also consider having one single, solitary source of income as risky too.

You have asked a very good question. A question that we should all ask ourselves - and answer. Because to know beforehand what we will do in certain circumstances is valuable knowledge.

Your Question and

My Challenge...

“Imagine this... you are out of work, have no money coming in whatsoever and cannot get any on credit cards or in any other way. You are too proud to go on welfare, have no products to sell, no customer list, refuse to get money selling your body for sex, refuse to get a job working for someone else for a wage and you refuse to sell any of your possessions. Knowing what you know now, who you know now and having the resources you currently have at your disposal, what would you do to get yourself back on your feet before you ran out of money?

You only have $1,000 left.”

...good to have an answer for... (How To Start To Answer My Challenge)

Michael Ross


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