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How To Turn 1m To 3m In A Year???? - Business - Nairaland

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How To Turn 1m To 3m In A Year???? by tonmax(f): 9:52am On Aug 28, 2007
Any ideas?
Re: How To Turn 1m To 3m In A Year???? by vigasimple(m): 10:15am On Aug 28, 2007
I have not done one before, but some stock gurus believe that you can have 100% in 6 months, so if you were to invest in the stockmarket by picking the right shares.

So it means that if you were to compound it , you will have N4 million in 1 year less your N1 million you will have turn N1 million into N3million.

I also heared that some shares can lose value up to 50% in a year in the Nigerian stock market or you may not even be able to sell.

So you have to weigh the Risk/Reward. You may even loose all your money in some scheme but that is the risk you may have to take if you want such a return.

Good luck

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