How can I best grow my money?
342742
To best grow your money you first need to establish the amount of risk your willing to take. Low risk, get into bonds or money market accounts and expect about 5-6% annually. Mutual funds will offer the full range from 5-20% on average, but the more gain means the more lost. For the most aggressive risk (and therefore gain) play in individual stocks, options or on forex (foreign exchange currency market).\n\nThe most important thing is to spread your money around, don't lump all your capital into one or two stocks, because your setting yourself up to take major losses. Educate yourself before jumping into anything. Investopedia.com is a good resource for that - just remember that they are supported by various brokers and agencies, so take recommendations lightly. They do, however, provide good solid information on the basics.
1187679
You have to have a plan of attack and money. Remember, its takes money to make money.\n\n-J.
624870
Buy a diversified series of mutual funds. Make sure you hit all the assets classes, like Large cap stocks, small/mid cap stocks, international stocks, emerging markets stocks, government debt, corporate debt, hi-yield debt, foreign debt, emerging markets debt, real estate, commodities, and precious metals. That's 12 categories right there, so with $1000, you're talking about $83 each. Why not spring for an extra 200 bucks, and start each off with $100 even?\n\nThen sit back and rebalance each year, back to your original percentages. This is called asset allocation. The thinking being, what's BEEN hot is more than likely not going to STAY hot.\n\nThis sort of portfolio should average 8-12% per year, so jsut split the difference and say 10%. Will it do 10% EVERY year? Of course not. I'd be surprised if it ever did EXACTLY 10%. That's an annual average. With that average, your money should double roughly every 7 years.\nSo, if you're starting with $2,000 or so like you said in the question, then in 7 years you should have about $4,000\nin 14 years you should have about $8,000\nin 21 years you should have about $16,000\nin 28 years you should have about $32,000\nin 35 years you should have about $64,000\nin 42 years you should have about $128,000\nin 49 years you should have about $256,000\nin 56 years you should have about $512,000\nin 63 years you should have about $1,024,000\nin 70 years you should have about $2,048,000!\n\n\nOf course, if you keep adding money in, say $100 a month, you'll become a millionaire MUCH sooner. The key is discipline, and sticking in when markets are up OR down. Don't try to time the market--you'll NEVER get it right.\n\nOh, and if you qualify, and do this all in a Roth IRA? Then every penny will be 100% TAX-FREE. That's a deal that's too good to pass up. That's why I tell all my under-30 clients--if you make under $90,000, and therefore qualify to do a Roth, you'd be a fool not to. Just having the power of youth (and therefore time) on your side is such an advantage, to squander it would be such a waste!\n\nHope this helps!\n--J.
1006053
I will assume that your money is either in Euros, Dollars or Pounds.\n\nIf that is the case, there are several ways to make money.\n\nThe determining factor is your goals. Short term or long term.\n\nIf short term, to make more:\n\nDay Trade\nBuy fixer-upper homes, re-sell after a good make over within a year.\n\nIf long term, to make more:\n\nEquity stocks.\nstock market in general.\nHedge funds.\nBuy homes, rent them.\n\n\nMay you more money and put it into good use!
1112845
go to an Investment advisor and talk with then on what to invest your money in to get the best return.
419650
You have to look well at the oportunities in your city or area.\n\nFirst of all, everybody begins with a salary.\nThen when you try to make more and more money you can invest in your own money, or try to maintain or socialize friendships between people you can make a home business.\n\nInvesting in Real State is an excellent option and also investing in cars.\n\nMy option is that I like everybody else, know how to make money and try to maintain everything in control.
427882
Pay off any debts you have.  Start investing in a 401k or mutual fund.  Buy a house as soon as you can-- still the best way to build capital long term.
69493
The best way is to start by educating yourself about the nature and philosophy of money.  Recommended reading:  Think and Grow Rich by Napolean Hill-  It has bits of genius like how wealthy people need to use 1% of 100 persons energy than using 100% of your own.\n\nAlso, if you take my advice, you'll learn that entrepreneurs and business owners need to serve and provide value to their customers... owning a business is a rewarding burden, not a romantic escapade of freedom.
1116904
Learn to read and create a Cashflow statement.  That's your best bet to see where your money is coming in and going out.  It's also a good visual of how to increase your income and see where your money is really going.
162832
Well first try to get something small,like a furniture account. Then you just must make sure you are not late on any payments and you build from there.The more you pay the more someone will take a risk on you.
383872
You are on the right track! The most efficient way to generate personal wealth and freedom is through affiliate marketing. Helping others attain what they need in life will bring you success. Please remember that your volume will grow faster with a much wider product line. You need a personal website to be a real player. Check us out!
43751
first know exactly what the funds go for and tell them when you call/contact them, also give them suggestions of what they may contribute, tell them how successiful it was in past years. Hope this helps
576190
That is a tough question to answer. I guess this is the question every person ever born asked at one point. How do I increase my savings.\nWell there are many ways:\n1. Put it in a bank and wait for the interests. That would take a long time to see any significant increase but the risk is very very low.\n2. Invest in something. This has better chance of increase but has much higher risk of losing. So invest in something you are sure that wont lose value. Gold is going up and so are many other precious metals - platinum, palladium, silver, and some not-so-precious metals copper, zinc etc.\nMany stocks are going up. If you catch the right boat at the right time.. you may get where you want to be. \nMost people you ask will give you a surefire idea about where to put your money. But ask them if they will put all their money there too. Most of the time they won't. \nSo its about your willingness to take risk and your ability to find the best option for the million available ways to invest your money.\nIf you live in India, real estate is in the boom. The money you've got is worth a little above 1000 US Dollars. So you cant buy much land with it. \nMy personal advise - buy gold. It is now at 25 year high, but it can still go up. As anything else, it has risk of losing value, but I don't expect gold to crash like Enron.
202390
Whatever you can afford.  The best way to get started is to figure out how much extra money that you have at the end of the month.  Make sure that it is money that you plan on investing for the long term.  You don't have to invest a big lump sum.  \n\nThe best strategy for a beginner is to systematically, dollar cost average into a low cost mutual fund.  Find yourself a good no load, index or growth fund and set up an account to automatically take a fixed amount from your bank account every month.  When the market is low, you are buying more shares and when the market is high, you are buying less shares.  You will find that you won't miss the money and in a short period of time you will discover the power of dollar cost averaging combined with the compounding of money.  Good luck!!
207614
Invest in Mutual Fund, the way to make a fortune in mutual funds are through compounding.  Compounding happens when your earnings themselves generate more earnings, allowing you put ever-greater sums to work.  The more time that goes by, the more powerful compounding becomes.\n\nIn order to get the most benefit from compounding, you'll need a carefully selected growth-stock fund, and you'll need to stick with over time.  For example, if you purchased $10,000 of a diversified domestick growth-stock fund that average about 15% a year over a period of 35 years, you will have $1.28 million!\n\nSuppose you also added $2,000 each year and let it compound as well. your total would then come to more than $3 million!  Now, how much more do you think you'sd have if you also bought a little extra during every bear market while the fund was temporarily down 30% or more from its peak?  \n\nNothing's guaranteed in this world, and yes, there are always taxes,  How better growth funds over the last 50 years, and what could happen to you if you plan and invest in mutual fund correctly.
921813
Do research & pick the bank that you think has the best prospects.\nTransfer money to a stock broker and then buy the stock.
848040
After everyone else gets their cut,invest in a high yield stock.Visit your local bank for details on how you can make your money grow. And just a thought,I think it would be wise to spend a little to further your education in a field that you truly are interested in.\n.First, splurge a little  of it,before investing in anything..Enjoy your winnings but think of the future too.