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How to double your money in 1 year?

by harro1
6 replies
Hi guys

first of all i am not a noob in internet marketing, but i know their are many guys here who are much more experienced in internet marketing as well as running offline businesses

i am looking to gather some ideas on how i can double my money in 1 year, it can be anything from internet marketing to running an offline business,

i got like $100k , i am looking to double or triple this within 1 year.

I am also investing some money in real estate, Apart from this i need ideas on where to invest to double my money in a year.

looking forward to replies

thanks.
#double #money #year
  • Profile picture of the author writeaway
    If you want this kind of return, I'd suggest you play the stock market. Don't do value investing. Do MOMENTUM INVESTING instead.
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  • Profile picture of the author ronrule
    Netflix was up over 100% from the start of the year.
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    Ron Rule
    http://ronrule.com

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    • Profile picture of the author harro1
      Originally Posted by ronrule View Post

      Netflix was up over 100% from the start of the year.
      I am not from USA, is it still possible for me to buy shares in USA companies?
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      • Profile picture of the author shane_k
        Originally Posted by harro1 View Post

        I am not from USA, is it still possible for me to buy shares in USA companies?

        Investing in the US might sound good but I would recommend that you find out the tax consequences first.

        I am not sure in which country you live in, but I know that up here in Canada, if you invest in an American company you will get hit with a withholding tax of around 15%.

        I think the reason for this is to give Canadians more invcentive to invest in our own country instead of elsewhere.

        So, if you are looking to double your money you need to be aware of tax consequences like these so talk to a tax Lawyer.
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      • Profile picture of the author cititoru
        Originally Posted by harro1 View Post

        I am not from USA, is it still possible for me to buy shares in USA companies?
        Sure is. There are international brokers that can do that, if you cannot find any in your own country. I believe etrade.com does it. Here in Australia you can use any of the big banks to buy US shares, but the brokerage fees are a bit high.
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