Best way to make $20k grow fast? im 25?

Question

i already have cds and a market share but i want it to grow faster..not doing stocks. advice?

Answer 1

When people ask to make fast money they don't think about risk.

Moving from CD's to equities is a huge shift in risk. Zero risk in CD's to principle risk in stocks.

What I would do?

1. Open Roth IRA

2. Dollar cost average in the S&P 500 Index.

3. Wait 10 years+

Try and find a no fee IRA or Roth IRA account (Fidelity.com has one). Annual fees can reduce your overall returns in your account. If you have a retirement account with a fee, always pay the fee by writing a check each year instead of debiting the account for the fee.

http://en.wikipedia.org/wiki/Roth_IRA

Answer 2

Hello! There are lot's of great options.

Put  your money into a high interest fixed rate account overseas and you will earn 12% per year.

Put  $20,000 and get back $35,246.8 after 5 years.

Feel free to email me through my profile.

Answer 3

Go to the casino...stop by the craps table...bet against the 10.

Roll a 7 and you win =)

Answer 4

Trade futures contracts.  Highly leveraged. Your 20k can essentially give you 10x that amount in buying power.  Check out www.expofutures.com.

Answer 5

Not quite stock but mutual funds are similar to stocks and have solid returns.  Check out with the Motley Fool group at fool.com they have great recommendations.

Answer 6

Ok, why don't you do stocks?  You can start with dividend reinvestment plans to learn how, or you can join an investment club and pitch in with other people.  It will teach you a lot.