How Can I Double My Money In A Month?

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How can I double my money?

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How can I double my money in one year?

Doubling Your Money In 1 year

If you are an aggressive investor and wish to see your money double itself in a span of 1 year then according to the rule of 72, you need to invest in avenues that provide annualized returns ranging between 70% to 72% (72/72 = 1).

How long will it take to double my money?

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

Can you double your money every 7 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. If you invest at an 8% return, you will double your money every 9 years. (72/8 = 9) If you invest at a 7% return, you will double your money every 10.2 years.

Is Coca Cola a good investment?

Thus, while Coca-Cola may not be immune to economic disruption arising from the COVID-19 outbreak, it is a safe, defensive investment of proven quality, with a strong balance sheet and superior operating characteristics to boot.

How can I be a millionaire?

Here are eight ways to become a millionaire.

  1. Develop Your Career and Expertise. Mint Images/Getty Images.
  2. Save Diligently and Invest for Growth. Sean Russell/Getty Images.
  3. Create Intellectual Property.
  4. Build a Business.
  5. Invest in Real Estate.
  6. Hire a Financial Adviser.
  7. Make Smart Investments.
  8. Create a Financial Plan.