How To Double Your Money
The pitch of taking your money and doubling it is often central to the worst scams. However, in investing or saving for retirement, the goal of doing so isn’t just a tease to lure in the gullible—it’s an achievable target with the right strategies and, most importantly, patience. As such, while multiplying your wealth might conjure images of high-risk gambling or complex financial instruments, you should think instead of prudent, time-honored strategies that have worked for many before.
In financial terms, this means achieving a 100% return on your initial capital. This can be done through capital appreciation, dividend reinvestment, compound interest, or a combination. The time it takes to double an investment can vary from a few…
