Q:

How do I turn $100 into $200?

A:

Although there are many ways to double $100, the safest way to do so involves investing money in something that will increase in value over time. With the proper research, you'll find many viable investment options that can help your $100 turn into $200.

  1. Double-check your finances

    An investor should always double-check before making an expensive investment. If you have any debt to pay, reconsider the investment, and put the money towards paying off your debts instead.

  2. Choose your investment

    There are many different ways to invest money. One common method involves the purchase of stocks in a business or real estate property. This is risky because there is a chance that the business or real estate will actually decrease in value and the investor will lose money. A safer but more long-term approach is to buy collectible coins or items, wait for them to increase in value, and eventually sell them for profit.

  3. Purchase the investment

    Depending on what type of investment you choose, you may have to meet with someone before buying the investment. If you're buying stock, you may have to meet with a banker or manager. If buying collectibles, you'll likely need to go to a specific shop to purchase the items.

Sources:

  1. fiscalgeek.com

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