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.

Learn More
Sources:

Related Questions

  • Q:

    How do you calculate annual rate of return?

    A:

    The compound annual growth rate, or CAGR, of an investment is calculated by dividing the ending value by the beginning value, taking the quotient to the power of one over the number of years the investment was held and subtracting the entire number by one. Then, turn the answer into a percentage from decimal form. The CAGR allows you to see an investment without all the ups and downs as if it had grown at an even, steady pace over the years.

    Full Answer >
    Filed Under:
  • Q:

    What is "net turnover"?

    A:

    Net turnover is a value that takes on different meanings across business processes, but it generally refers to a figure measuring the arrival of new employees or total sale volume. According to Jonathan Lister for the Houston Chronicle, net turnover can help business owners identify and correct problems in an organization while providing information regarding the company's success on the open market.

    Full Answer >
    Filed Under:
  • Q:

    How is inflation measured?

    A:

    Inflation is measured by tracking numerous price indices and surveys that indicate how prices have changed for goods and services over time. Every month in the United States, the Bureau of Labor Statistics gathers data on prices of goods, and these prices are averaged to determine inflation throughout the year.

    Full Answer >
    Filed Under:
  • Q:

    How can time cards be calculated manually?

    A:

    In order to find out the time an employee has worked, the time that the employee clocked in should be manually subtracted from the time that the employee clocked out using their time card. This will show the exact time that the employee has worked and will be an accurate way to figure out the pay necessary for the employee.

    Full Answer >
    Filed Under:

Explore