What is the best way to turn $1000 into $7000 in a short period of time?

Question

What is the best way to turn $1000 into $7000 in a short period of time?

Answer 1

Gamble and be very, very lucky.  Of course, you are much more likely to turn the $1000 into zero than into $7000.

Answer 2

Show me someone looking to turn $1000 into $7000 and I'll show you the other guy who is going to end up with your $1000.

If there was a legal way to do that, don't you think the economy would collapse? If you could turn $1000 into $7000, then millionaires would turn $7million into $49 million.

If you invest wisely, you are lucky to make 10% on your money, really lucky if you make 15-20%, and you can't do that very often consistently.

You are talking about 700% interest, rather than 10-20% on the best of times!!

Answer 3

Stock options offer you the best chance of that.  Options allow you to control a larger block of stock than you own.  If the stock goes the direction that you choose, you will make a nice return.  It is easy to triple or quadruple your money in 30-45 days. Of course, it is possible to turn it to $0 really quick.

If you go this route, be sure to put a stop loss of 50% in; that way the most you can lose is $500.

Answer 4

yeah - it's called getting a job and earning it without spending it

Answer 5

the only way i have heard of is drugs. What you need to do is buy a car and flip it and keep doing that