Ways to Double Money

  1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
  2. Kisan Vikas Patra (KVP)
  3. Corporate Deposits/Non-Convertible Debentures (NCD)
  4. National Savings Certificates.
  5. Bank Fixed Deposits.
  6. Public Provident Fund (PPF)
  7. Mutual Funds (MFs)
  8. Gold ETFs.

How can I double my amount?

Speculative ways to double your money may include option investing, buying on margin, or using penny stocks. The best way to double your money is to take advantage of retirement and tax-advantaged accounts offered by employers, notably 401(k)s.

Is there a way to Double Your Money in one year?

Perhaps the most proven way to double your money over a reasonable amount of time is to invest in a solid, non-speculative portfolio that’s diversified between blue-chip stocks and investment-grade bonds. While that portfolio won’t double in a year, it almost surely will eventually, thanks to the old rule of 72.

How is the rule of 72 can help you Double Your Money?

The rule of 72 helps determine how many years will it take for your money to double at the given rate of returns. For example, if you are invested in an instrument that generates a return of say 12% per annum with a principal investment of Rs. 20,000 then your Rs. 20,000 will turn in Rs. 40,000 over a span of 72/12 = 6 years.

What happens when you fantasize about doubling your money?

Seeing their money double is the dream of every investor and if that dream is realized in a short span, it is cherry on the cake. But more often than not, the immediate effect of fantasizing about doubling their money is a barrage of questions that plagues the investor. Starting from; how do I double my money?

Why do people say they’ve doubled their money?

“I doubled my money.” It’s a badge of honor dragged out at cocktail parties and a promise made by overzealous advisors. Perhaps it comes from deep in our investor psychology – the risk-taking part of us that loves the quick buck. That said, doubling your money is a realistic goal that an investor should always aim for.