Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
How can a 19 year old turn 55k into 100k before 21?
I save about $1000 a month from my job.. Assuming I stay at my job, in two years I'd save an additional $24,000, totaling $79,000. Still not enough! How can I double this in 2 years?
For those wondering, I saved money from working as well as trading options. I've calmed down on options trading recently since I reached a 7% gain after being negative 40% and currently sticking to purchasing shares and holding for the long term. (Currently have $19k invested).
Tips? Advice?
3 Answers
- AnonymousLv 75 months ago
You are asking for too much. You may as well take your money to the casino for the rate of return that you're expecting.
- kswck2Lv 75 months ago
Calling you out here. Nineteen year old's do not save $1,000 a month from a job-unless that money comes from a Trust Fund. And if that is the case, then your parents will have already set up accounts with a Financial Planner to make sure you don't spend it.
In terms of Doubling it in 2 years? Yeah...not likely. Better off waiting till you hit 21, and go to Vegas and place it on red or black.
- Anonymous5 months ago
You cannot count on that much without taking excessive risk. Options.... lol.
Give a man a fish and he'll eat for a day. Teach a man how to trade options and he and his whole family will starve to death.
