Double Your Money

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Brass scales with coin stacks - left down and right up - front view

 

The vast majority of people with capital invest it for the long haul. The idea is to ride the market up as the economy expands and corporate profits grow. But it’s a slow process. You can double your money, but it can take years – decades even.

Most of us are impatient when it comes to earning money through our investments. We want the dividends now, not 10 years in the future.

Those in the investment community tend to get particularly excited about doubling their money. It sounds good to say that you got a 103 percent return. But it sounds even better to say that you doubled your money. It’s a sign that you made a seriously smart investment, and you hope that your winning streak will continue.

Here we’re going to look at some of the ways that you can double your money.

 

Be The Contrarian

Markets can be fickle. One minute a stock is soaring high, the next, it’s crashing and burning, and people are asking questions about the company’s future. It turns out that people are jittery when it comes to the value of their investments and are often willing to sell as a result of hearsay, regardless of their own independent research.

This isn’t, however, the approach taken by legendary investor Jim Rogers. He says that if he sees people running one way, he runs in the other, often buying up stocks at bargain basement prices, only to see their fortunes reverse and gain in value once more. Being a contrarian, however, is fraught with risks. You need to know what to be contrarian about, otherwise you could end up losing it all, like everybody else.

 

Take A Risk

Unibet and other betting websites promise to double your money or more. And like speculative investments, they tend to have a bigger payoff. In the end, it all comes down to risk: how much risk are you willing to tolerate to achieve the levels of return you want?

Going down the speculative route can be dangerous. But if you identify a stock that becomes the next Apple or Google, then you’ll easily double your money, probably more. The good news is that you don’t actually have to dump an enormous amount of money into speculative stocks. Just buying up some penny stocks can see you double your money, so long as those pennies eventually turn into dollars.

 

Sell Short

Short selling is the practice of buying an asset today, selling it on to a third party, repurchasing it when the price drops, and then selling it back to the original owner, pocketing the difference. Short selling became something of a trend during the last financial crisis, as investors bet on companies that would fail.

It turns out that short selling is an excellent way to double your money. You can actually borrow more money than you have by short selling, as many brokerage houses are willing to loan you the money you need. Yes, there is downside risk, but that’s the price you have to be willing to pay.

 

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