Firstly I don't have 30k, but I am interested in the thought that money makes money, and £30k is obtainable for many.
Interested in all answers, Red/Black, Nag in the 4.30 at Kempton, legitimate business, stocks/shares...whatever.
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?
That's not a bad shout 💡Get a job?
£30000 worth of training is quite a considerable sum, could that double an income quickly + long term benefits too
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?
