How to Double Your Money

[Suba]

It's impossible if we can double our money without risk, but that doesn't mean we can't double the money we have by investing in the capital market/money market or cryptocurrency.

1. Classic Way
The classic method is more suitable for investors who have a low risk profile, so they don't care about capital gains, but tend to get long-term profits, especially with dividends, interest and rental income.

2. Aggressive method
The aggressive method targets capital gains and short-term profits, which we are more familiar with when trading in the stock, crypto or forex markets.

3. Speculative Method
Aggressive investors often turn into speculative investors, especially in margin trading, short selling which has very high risks but also high returns, they even often trade options and derivatives.

 

[Starmix]

It's hard to double our money. It could be but it takes months. I have heard of someone doubling his money through 5/6 interest but dunno about it's procedure.

 

[Nomad]

One of the best ways to double your money is by keeping in a fixed deposit account and compounding it

 

[King Belieal]

When people try to double their money, it is always a function of time and strategic investment. I am not so good with quick money doubling ventures.

 

[Suba]

Even though the returns are small, the classic methods are the safest, such as deposits, retail bonds, mutual funds and renting out property. while aggressive methods are often triggered by emotions which ultimately result in losses.

 

[Springtime]

That depends on the timeframe you are talking about. I think to double your money takes time unless you gamble. Putting money into fixed deposit account may achieve this due to the compound interest. But it will take some time.

 

[Suba]

That depends on the timeframe you are talking about. I think to double your money takes time unless you gamble. Putting money into fixed deposit account may achieve this due to the compound interest. But it will take some time.

You are right, the classic method directs us more towards long-term investment instruments so we need at least 3 years, so it is very possible that you can do compounding.

 

[AruneBend]

It sounds good but it might take a while it depends on your skills and things like that

 

[Suba]

It sounds good but it might take a while it depends on your skills and things like that

You are right, if we take an aggressive and speculatory approach it will require skill and experience, we also have to be able to maintain emotions so that they remain stable.

 

[eLdavis]

I simply keep my money in a savings account that offers certain amount of interest, or I make an investment.

 

[Kross]

When you try to double your money with fixed deposits, by the time the money is doubled, it has not much value because of inflation.

 

[Augusta]

Yes which ever method you choose to carry it out. You should try and be sure that you are using a legit site as well.