Honest answer please! what is the best way to turn $100,000 or $500,000 to a Million dollars just wondering?

Question

Honest answer please! what is the best way to turn $100,000 or $500,000 to a Million dollars just wondering?

Answer 1

Invest in the stock market, but use a financial analyst.

Answer 2

Put it in a high interest bank account and that might work :)

Answer 3

By SAFELY investing it - in bonds, GIC's, etc...

These options pose NO risk whatsoever - though the interest rates are lower (usually in the 3% to 6% range). But given enough time (10 years or so), you will have DOUBLED your money through sheer interest alone ;);););)

Answer 4

Yeah don't risk a ton of money if you don't know what you are doing.  Call a pro. Why make mistakes on chances.  Also you can if you want to:  Put $10k into microsoft right now, then sell it in a few months for a gain, hopefully. Or, put 10 grand in to WalMart, you should have good luck.  Also, put another 10 grand into a value or growth mutual fund.

Also please don't confuse a stock broker with an investment or financial anyalyst.  Stocks brokers don't look at your total picture, they just sell stocks.