[Closed] If you had £30,000 in cash, how would you go about doubling it?

red.....no, black

I'd add another £30k.

depends how much risk you're prepared to take. are you prepared to end up with £0

If there was a fool proof method everyone would be at it 😆

Insider trading seems to be the best bet.

If it was that easy there wouldn't be any poor people (or rather there would and we'd have rampant inflation).

The Red / Black option is probably the easiest, you've got about a 49.something chance of success, but I doubt many high street casinos will let you rock up with a suitcase full of twenties and put the lot on Red.

It's hard at the moment with such low interest rates to just "make money with money" even stocks and shares still take regular shits like they did today and it's not the fast paced "buy buy, sell sell" market you see on films, not without huge risk anyway.

I heard a couple of years ago about someone who sunk a small fortune into an autoclave for carbon fibre and was making a fortune from the 'carbon fibre revolution' but I'd guess that ship has sailed now CF is so common and made in the Far East.

fold it in half.

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[url= https://en.wikipedia.org/wiki/Matched_betting ]matched betting[/url]

Lay it in front of a mirror

One Direction concert tickets.

I hear buy to let is a good bet.

Ponzi scheme.

For a start, you wouldn't need £30k.

Just take your fool-proof method, apply it to the change from the back of the sofa and eventually you'll have doubled your way to whatever sum you want!

Put it in Zopa and wait 15 years.

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With £30k to invest you could rent some properties and have a go at cannabis farming. You would more than double your money. Definitely not legal though but doesn't seem to stop them cropping up everywhere.

Depends on how long you want to wait.

Basically you need to match need with production/service. So look for gaps between the two and act fast.

The biggest gaps are in emerging markets, geographically and technologically.

But you have to act fast, so don't choose something that requires long set up times and sunk capital.

The riches people I know were able to do this by being in the right place at the right time and/or came to the market with disruptive technology that broke the standard models, thereby creating a new market.

Be fast and flexible, as soon as your seen to win, others more capable or bigger will squash you.

cannabis farming

cropping up

😉

I got a call out of the blue from someone in an busy-sounding office who said they could do this for me no problem in 30 days or so...something about shares in emerging markets. Seemed plausible.

I didn't say it was easy, I was just intrigued as to how people would try to go about it.

I know a chap who seems to get in on emerging trends very early and capitalise, while still getting out before it implodes. He was doing very well as a Solar panel supplier when the tariff was so good, and got out quick when they changed it all.
He is now selling electric conversion kits for bikes, and is doing well from that too.

clone tool in photoshop, or copy & paste

Depends on your acceptance of risk really.

Give it to me to invest on your behalf*

*Remember the value of your investments can go down as well as up and you may
get back less than you invest.

The big ways are going to be legal vs illegal.

If the former, I'd take the long view and go into stocks/bonds and look to get the money out in 10+ years. If the latter, but a lot of charlie and try to offload it at socialite parties.

Future classic car? Or bikes? Ignore all these people saying red or black, put it on zero. That way, you get 36 times your stake when it comes up. Fact.

The same way these two muppets did it....

[img] https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTrz_U66qooYEOQzyOnVr_aA-8TeL8J_bRDhj5535nL-4NomIRvNQ [/img]

[url= https://en.wikipedia.org/wiki/Million_Pound_Property_Experiment ]https://en.wikipedia.org/wiki/Million_Pound_Property_Experiment[/url]

Classic porka if you can find anything under 30k.
Migrate smuggling if your brave

Quantitative easing

Get a job?

Get a job?

Buying and selling something especially if you have an interest in the product (and self control 😳 )

Personally rather than trying to double it I would look at halving it.
It'll be both easier and more enjoyable.

Buy my bike for 30k then sell it for 60k. EASY!!

Semi serious answer.
Bound to be more than this

The shorter the time frame the higher the risk you need to take, so ...

Very short term
- Red or Black

Near medium term
- one or two low priced stocks - hope for price rise

Medium term
- one or two individual blue chip stocks, re-invest dividends

Long term
- some sort of stock market tracker

Very long term
- any fixed rate, low risk investment that returns higher than the rate of inflation - Gilts probably. Keep re-investing.
- buy property

Big risk that is unlikely to double the money
- buy premium bonds. You only risk the rate of inflation and it may never happen
- buy lottery tickets. you risk losing the lot and it's unlikely to happen

Bog standard savings account for a century or two?

Actually a bog standard savings account is probably going to give you a lower return than inflation, so you will soon end up with less than you started.

At 1% interest, you'd double the money in 300 years but, as you say, it will be worth less than what you put in.

Time machine, and buy a house in the 90s?

Use it to get mahoosive breast and todger implants and become a niche sex worker

Venezuelan bond CDS. At 5000bps it would only take about 2yrs to double your money, guaranteed!

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Invest in African stocks.

I've been following some news feeds, and watching various companies who have shares available and Africa is the new Chia.

Markets are on the slid at the moment so invest in a tracker when they get low.

I doubled a sum of several thousands over 5 years by sticking it in Fundsmith and forgetting about it.

https://www.fundsmith.co.uk/fund-factsheet

Other fund investments linked to different stock market indices over the same period are showing a healthy return but not as much.

At 1% interest, you'd double the money in 300 years but, as you say, it will be worth less than what you put in.

70 actually

Gold anyone?

the following is legal but not pretty or morally brilliant..

set up a limited company..rent a large warehouse.. larger the better..put down 3 months rent next payment due in 3 months..

charge tyre fitters 2 quid per tyre delivered to recycle their tyres..you ll easily get 15k tyres in 3 months.. store them in warehouse..take all the income and distribute to the share holders as divdends monthly..

after 3 months declare company insolvent enter into a voluntary agreement.. keep accepting tyres.. total outlay 3 months rent and some phone calls total income 2 quid for every tyre..

walk away let someone else sort out the tyres whilst you count the 30k

Hold a raffle with 10k of it as prize money, sell 4000 tickets at 10GBP each.

Add some disclaimer on the ticket that if 4000 tickets are not sold the raffle is null and void with a refund.
At worst you keep your money minus printing costs, cushdey.

Set up a charity. Get publicity followed by govt and sucker rock star funding. Thereafter live like royalty on other people's money.

Invest in a small energy drink co with a massive ad budget.

Those who invested just $10000 in monster energy drinks 9 years ago, their shares would now be worth just shy of $half a million today 😯

I fear my advice is 9 years out of date.

The 1999 dot com boom allowed for such growth but soon afterwards it reversed. Who has heard of Baltimore Securities or Durlacher these days? Shares that were going for 40 quid were down to pennies within a year. I had a very jittery but lucrative six months and blew the lot on a family world tour.

That is a pretty cool thing to blow a load of stock winning on!

If you're happy with violence and intimidation become a loan shark?
For slightly smaller returns and a thin veneer of respectability you could be a pay day loans company. Advertise with puppets to show how friendly you are. 😆

At 1% interest, you'd double the money in 300 years but, as you say, it will be worth less than what you put in.

70 actually

ISA at 1.5% compound and it would take about 45. 2.5% (assume interest rates will rise) and it'll take about 30.

70 actually

I've no idea how I got 300 and didn't immediately think it was wrong. I'm hanging my head in shame.

300 years is probably optimistic based on current interest rates

I doubled a sum of several thousands over 5 years by sticking it in Fundsmith and forgetting about it.

Another shout out for Fundsmith. Terry Smith is as no-nonsense as they come and he consistently delivers.

totalshell it is very illegal, no permit for storing waste, illegal waste transfer station, waste carriers license????, we have jailed people for that and then the cost to the taxpayer to clean it all up.

If you have £1,2 million I have a 99% foolproof way to turn that into 3 to 5 million in 12 to 18 months....

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Who ever said "training" was probably right.

Invest it in yourself and you should easily be able to get a 10k pa pay rise. Doubling your money in 6 years is a pretty healthy return.

Good point. MBA, then bollocks up a succession of companies with your superb managerial style, moving up before the crunch each time.