How to Double Your Money In the Stock Market (with no Risk!)

It’s time for another edition of Dollar and Cents. This is where I answer one of your questions.

If you have a question, either use the contact form on the blog or use my Facebook Fanpage.

I ran across one of your articles via Google and wanted to inquire your thoughts on what a first time investor should do in order to maximize ROI. Hypothetically, what are the safest options for a 10,000 investment and is that enough to get a good head start in the market. Ideally, I would like to double or triple this over time.



Resources:

With each Dollars and Cents video we want to provide some follow up links where you can get some additional information on the topic. If you are interested in learning more on investing an inheritance, safe places to store your money, and the best places to open up a brokerage or savings account, here are some good reads:

Check out this calculator:

In the video, I mention the “Rule of 72″ and how long it takes your money to double.  Many people don’t realize how long it takes for money to grow through compounding interest. 

 Have a question for me?  Just let me know and we’ll get it on the blog!

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Comments | 3 Responses

  1. says

    You hear people say they want to be safe but want all the returns. Maybe they never heard that more risk more reward. Not the other way around. Safe and the stock market too me just don’t go together but a lot of people confuse it. And she wants to triple it….nice breakdown because so many people think this way. Want safe go CD or savings account! Good luck finding a safe investment paying 10%.

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