OK, we have touched the different ways we can make money online from the financial market and freelancing whilst turning $2000, and $20,000 to significant sums of money here and there respectively. But how can we turn $50 into $1000. Many people have achieved this feat and you can see and example here
As I discussed on Quora some time ago, money is like a seed you can choose to eat it or plant it. The amount in your barn(bank account) in future will be determine solely by the choice of what you choose to do with your seed today (i.e How you choose to spend your money).So here are 3(three) ways one can use to turn 50$ to $1000 or more.
Penny stocks are great way to get amazing returns on your investment this is solely due to their ridiculous tiny stock price from which the word penny is derived. They are mostly startups and companies that start out with a small market capitalization on the stock market. Their regulations is not that tight thus they are more risky and volatile than conventional stock investments. As with all risky investments they also have amazing returns. Take for instance if you invested $50 in a penny stocks worth $0.4. If that stock rises to 0.8 which is typical for such stocks you would have netted $50 which is an 100 percent return the challenge is thus to be able to spot those penny stocks that can multiply to 4 from 0.4 that will give us a 1000% return and a balance of $5000. More on this later in the mean while you can see some recommended penny stock via investopedias site here Penny Stocks to Watch for October 2017
This account is a unique service by forex4you that allows you to copy trades from successful leader accounts. However you will have to do thorough research to screen safe leader accounts because some of them can loose your deposit in a month. The plan here is to deposit 10$ to $20 in several accounts so that it aggregates to 50$. The returns can sometimes be as high as 10 dollars monthly meaning we need 100 months to net $1000. That is a very long time so I suggest you go for an annual increase only. One of the benefits of this account is that you don't need to monitor the trades. You will be sent a mails daily notifying you of all the transactions and balance.Another benefit is that you will not need a computer that is always connected to the Internet as this could be expensive.
This you must consider when investing in these leader accounts (you can use the filter to do this)
- Invest in accounts that have lasted for more than 2-3 years
- Invest in those with consistent returns
- Invest in those with minimal drawdown and volatility
How to open Share4you accounts.
Kindly Note: I am affiliated to forex4you
- Follow the Link Share4youRegistration Page
- Click the Register for a follower account button (the green button)
- Complete the registration
- Choose a leader account Confirm that it is safe (many of them use lots doubling loss recovery strategies that eventually blow up their accounts.)
- Start automatic copying
- Get exactly the same results as the leader account
This as been discussed severally before but it still a valid way to achieve the aforementioned goal. Here we get new potentially trending 10 crypto-currencies we buy and hold them till they approach a $1 or $2. If you get this right you should be hitting a balance of $500.
Conclusion
Money is an asset but as with other physical assets it can quickly become major source of income generating assets if you use it right. Use the one in your hand right now.
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