Make Money
How should I invest my money to make more money in a short amount of time?
I’m 22 years old, and wanting to purchase a house in the next year or two. I have money in savings right now which is making terribly low interest. What would be my best move? I’d like to invest the money short term, but I’d like to make a good amount of money doing so. Is that possible and how? CD’s and Money Market accounts just aren’t gonna give me the results I want.
As someone has already mentioned, the only way for you to make a lot of money in a short amount of time is through taking on investments with greater risk in order to be exposed to possible greater returns. However, if you’re wanting to purchase a house in the next year or two, you obviously don’t want to risk losing your possible deposit.
Beware of any “shortcuts” some people might suggest to the road to getting rich, as if it really worked a lot more people would do it.
In the short term, your best options are probably to try and earn some more money rather than earning interest or capital gains from investing your money.
In the long term your options are a little bit broader though.
I know this advice may not seem that helpful, but at least it may save you from possibly losing money by taking bad advice elsewhere.
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