Money Making Schemes

Nagesh answers:

Lotto Tickets, or hit the casino. Read up on blackjack techniques and how to play craps. Good luck

Nagesh answers:

Dusty

It isn’t a restaurant, you just don’t order up double digit returns….. In a few weeks or a month. If ot was so easy no one would have to work!

Because it is ‘earnings season’ you might get some good kicks. You did not mention how much ‘money’ you have… Based upon not knowing that very important piece of info, here is who I would look at for some gains at earnings.

Apple, Bank of America, Citi, Bank, Ebay, AIG, and Amazon. If you don’t have much money to ‘invest’, buy the cheaper stocks especially BofA and Citi. And AIG. They could have some big surprises in earnings that might create the kind of increased values you want…. I own all of them and am looking at a little extra gain this week and next!

Soccerref

Nagesh answers:

I’d have to disagree with the former post about the complex mathematical models being used. I certainly don’t think you, as a 15 year old are looking to make billions of dollars in the stock market. As far as I am concerned, most retail traders and investors use technical analysis with tools which already exist. The mathematical models involved here aren’t particularly difficult to understand. For a 15 year old they will be. But that doesn’t mean you can’t learn the purpose of them. When you’re older and perhaps more tuned with the mathematical formulas maybe you’ll be able to understand them.

The thing is, the stock market is very, very complicated to learn about. It applies economic theory which you need to know about. So I wouldn’t say it’s the place to make money if you’re well… Not interested in the hardships of the grind to achieve any success.

I’m sure the minimum age is also18.

Nagesh answers:

Count on about 8% per year on average. Of course, you can invest in things that will make more money faster, but those investments can also lose more money faster.

This isn’t the lottery.

Nagesh answers:

Let me start by saying that people that want to “make money fast” are often the easiest to scam and the most likely to put their money in something very risky and lose big, so I’d advise you to be careful.

Most mutual funds are not designed to make money fast. They’re designed as investment vehicles where you can invest money and have it grow over time. Many have limitations on how soon you can withdraw the money and/or extra fees if you take it out soon after investing.

One thing that’s available to speed up how quickly you make (or lose) money is leveraged ETFs (exchange traded funds), which are like mutual funds but trade like stocks. You can buy and sell them at any time the market is open and they’re designed to approximately double the return of their related index on a given day. So, for example, the ETF with symbol SSO will go up about 2% on a day when the S&P 500 goes up 1% and down 2% on a day when the S&P 500 goes down 2%. There are several of these leveraged ETFs around. The ones I’m most familiar with are ProShares Ultra funds. There are several that are linked to different market indices.