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Subject:
what the best sites to double money ...and deal by e-gold..?
Category: Business and Money > Accounting Asked by: masework-ga List Price: $2.00 |
Posted:
16 Oct 2004 20:04 PDT
Expires: 15 Nov 2004 19:04 PST Question ID: 415921 |
what the best sites to double money ...and deal by e-gold..? |
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There is no answer at this time. |
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Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: probonopublico-ga on 16 Oct 2004 21:30 PDT |
That is a very closely guarded secret. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: pinkfreud-ga on 16 Oct 2004 21:37 PDT |
I would be very skeptical of any website that claims it can double your money. The very best way to double your money is to fold it in half. Then put it back in your pocket until a truly worthwhile investment comes along. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: silver777-ga on 17 Oct 2004 03:46 PDT |
Hi Masework, Do you consider yourself a good judge of the value of things? Do you posess such a nature which can value add to existing "things" or services? If so, your first port of call will be the good old e-bay market of exchange. Phil |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: jack_of_few_trades-ga on 18 Oct 2004 06:36 PDT |
The rule of 72: Divide the interest rate into 72 and it tells you the # of years it will take to double your money. A good bank account (or CD) might give you 2%, 72/2% = 36 years Typical safe bonds nowadays will give you around 6%, 72/6% = 12 years Aggressive mutual funds average around 11% over the decades (note they fluctuate alot in the short run) 72/11% = 6.5 years If you're not an expert investor I'd suggest mutual funds as the best way to double your money. If you have $3,000 when you're 20 and put it in a ROTH IRA (no taxes when you take the money out), Age Value 20 $3,000 26.5 $6,000 33 $12,000 39.5 $24,000 46 $48,000 52.5 $96,000 59 $192,000 65.5 $384,000 Now that's just a 1 time $3,000 investment. Imagine if you invest $3,000 every year, you'll be a multimillionarre and have plenty to pass onto your kids after you enjoy a relaxed retirement with plenty of cash until you're 95. INVEST YOUNG! |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: probonopublico-ga on 18 Oct 2004 07:27 PDT |
Of course, in 45 years time, your initial investment of $3,000 with a notional value of $384,000 will then be worth $300 in today's terms - if you are lucky. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: jack_of_few_trades-ga on 18 Oct 2004 09:39 PDT |
I can only hope that was a complete joke Probonopublico. $384,000 in 45 years will most likely be worth between $100,500 (3% inflation) and $157,800 (2% inflation). It's true the money will lose value due to inflation, but not nearly as fast as it gains value due to compound interest. Inflation rate based on August 2004 and going back X years: 1 year: 2.66% 3 year: 2.18% 5 year: 2.53% 10 year: 2.43% **derived from the St Louis Fed site http://research.stlouisfed.org/fred2/data/CPIAUCSL.txt The Fed has become very good at controlling inflation and it seems their ideal inflation rate is about 2.5%, so it is a very reasonable assumption that inflation will be between 2% and 3% (not the 11% it would take to wipe out gains in a decent investment). A $3,000 yearly investment for 45 years at 11% will produce $3,000,000 (if your company matches in a 401k plan or TSP plan for you govies then it is likely that you can double that to $6,000,000). If you receive no matching, this investment made in a ROTH IRA will be completely tax free, that easily makes this $3,000,000 worth $4,000,000 and form there decrease it by 2.5% inflation over 45 years to get $1.3 Million. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: jack_of_few_trades-ga on 18 Oct 2004 09:55 PDT |
On a side note, inflation doesn't affect us as much as the % suggests. Recent "inflation" has been around 2.5% (for the last 10+ years). But some prices went up more than others and as rational consumers we buy less of those goods and more of others. For example: I used to buy 10 CD's per year @ $15 each because I dig the new tunes. If the price went up to $25 I might only by 5 CD per year. The CPI (consumer price index) which is the most reliable and most used inflationary reading doesn't take these short run consumer buying trends into account, it assumes that people buy the same goods no matter what their price is. (In the long run they do adjust the CPI to account for what consumers are currently buying) All this to say... although inflation will decrease the value of your money, you won't lose as much value as most experts would tell you because you choose to spend your money wisely rather than buying the exact things you always bought. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: probonopublico-ga on 18 Oct 2004 11:15 PDT |
I went to my local Library recently, here in the UK, to look at an article in The Times for June 1972 that they hold on microfilm. It cost me 25p (that's a quarter of a £ Sterling) for ONE A4 copy. But I could have bought the entire paper for 5p in 1972. The paper now sells for 90p (I think) but here's the catch ... there's now NOTHING in it that's worth reading! Now, that's inflation! |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: jack_of_few_trades-ga on 18 Oct 2004 11:59 PDT |
Sounds like you didn't take into account that you didn't have to buy that. We are creatures of habbit aren't we. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: probonopublico-ga on 18 Oct 2004 21:38 PDT |
Yes, indeedy, I admit that I am a creature of habit. But then, being a monk, I cannot really wear anything else. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: bigbuccckslady-ga on 12 Feb 2005 12:52 PST |
From my experience, thses are the best two sites to double your money. Thye issue you a 1099 form at the end of the year. I joined thses two programs last year and I made over $20,000 in doubling my money. I will double near $20,000 this month and next month. My sponsor has made a six figure income in less than a year in one of these. Go here to learn about thses great and legitimate doublers. http://www.emoneynews.com/member/?ID=elaine http://www.empowerism.com/e/85065 |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: goodquestions-ga on 06 Apr 2005 14:35 PDT |
Dear masework-ga, I understand that you are referring to HYIP (High Yield Investment Programs). I have been studying these myself, and I must say that the percentage returns that they claim to give are mind boggling. For example, <a href=http://www.stateinvest.com/?ref=mufad>This One</a> claims to provide a minimum of 2.5% return daily, or 140% return monthly. That means you can double your money in under a month ! This kind of a return seems too good to be true, but then hyip review sites list so many programs and seemingly fair reviews, there could be some truth in the claims and I would sure like to know if these really work. Example http://www.hyiplocator.com http://www.besthyipclub.com/ http://www.gohyip.com/ I will invest some of my spare money and will post here how it works out, if any reader of this post has any experience to share, please reply to this. Thanks, Mufad. |
Subject:
Re: what the best sites to double money ...and deal by e-gold..?
From: jack_of_few_trades-ga on 07 Apr 2005 05:10 PDT |
Don't invest much money. Scam central with promises to double your money in under a month. 140% per month turns $1,000 into $36,520,347 in 1 year. If they can do that then why are they wasting their time trying to get other people to invest with them? They should have all the money they could ever want. **SCAM**SCAM**SCAM**SCAM**SCAM**SCAM** |
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