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Well your not going to get rich in 2 years with $10k unless you get really lucky. But for long term wealth and security, start a Roth IRA, if you haven't already, and watch it grow.
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I like the "start a business and work hard" idea the best but only use $1,000. Find a product or service that people WANT and figure out a way to get it to them and limit your start-up costs to less than $1000.
It can be done. You can pay $10,000+ for a carpet cleaning franchise or you can rent a carpet cleaning machine on days you have jobs....days you will be getting paid. In that case you are getting started for the cost of an ad in the paper. I did this 19 years ago...the biz card size ad got 15 calls by 10:30 in the morning. I advertised carpet cleaning for $7.95 per room...three room minimum. I didn't actually rent a machine though. Based on that response I bought one that day. Good luck! |
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wow if it were that easy everyone would do it. If this is your only reserve cash dont risk it but if it is money that you can afford to loose take a look at the stock market. There are investors such as Warrn Buffet who started with a lot less than they have now. Good luck
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To answer your question frankly, become an entrepreneurial investor and invest in a profitable start up. Make sure you specify that you want them to give you a projected ROI at 12, and 24 months. Bring in an adviser (or two) that can help you decide which start up is the wisest to go with.
I wouldn't recommend it but that answers your question. "What can I do with $10k to get the best return?" |
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Why would someone make a post like this?
$10,000 isn't going to make you a huge profit unless you already have something in place to increase in terms of a business. Buying shares is long term and carries a risk and gambling on it is completely stupid. How about you put your mind into thinking of the next big thing and in the meantime look to place the money into the likes of a high interest ISA or savings account to acquire interest monthly. |
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