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aswin made post

how to double your money

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Jeet answered.
9 months ago


Investing in shares can be a one of the best options just check if share graph is constantly moving . In Fixed deposit amount should be large to make a good interest so that may be an option or investing in a valuable scheme can make a good amount of money


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9 months ago


I’m considering we are taking a specified time limit for that as it is not possible to double the money overnight or in a very short span of time. However, if one is investing in a manner that increases the initial amount annually you can double your money. The best way to do so is first to reduce the risk factor and then to go for the benefits. All this can be achieved with a Systematic Investment Plan. Under this plan, you will pay a fixed amount monthly, on which you’ll earn interest at market rates and all of it will be compounded and next time you’ll receive returns with the effect of compounding.

Suppose, If you’re investing a lump sum amount of Rs. 10,00,000 and receives annual return @8% on an average, then you could be able to receive Rs.22,00,000 after 10 years.

Returns are not fixed but areas based on trend analysis, this may vary from the actual return.
There are other options available as well, but the risk involved is comparatively higher.


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VIKAS DELIWALA answered.
9 months ago


1ST FIGURE OUT IN HOW MUCH TIME PERIOD YOU WANT TO DOUBLE IT. IF LONG THEN GO FOR QUALITY STOCK LIKE TOP 10 COMPANIES AND ENJOY BENEFIT OF COMPOUNDING INCOME . IF WANTED TO DOUBLE IN SHORT PERIOD TRACK GOOD VOLATILE STOCK AND TRADE ACCORDINGLY.

NOTE:- BOTH CARRY RISK BUT MANAGE IT PROPERLY AND IT IS POSSIBLE TO DOUBLE IT.