Any non risky way to turn $300 into 1k?

[yishak]

I see people online bragging about making $700+ profit every single day from forex trading. I'm looking for a similar less risky option to make that much profit in  a day or a week.

[semprepernoi]

Lol I don't think that there are non-risky ways in case you don't posses any special information.

[JamesBolivar]

Any way except for buying and holding btc.

Depends on the amount of time you want to spend on going from $300 to $1000. If it's supposed to be quick then no, there's no risk-free way.

[SchlaWinner]

go to the local casino, put 250$ on red twice, profit??!

if no profit

take other 50$ and get drunk


Ive done this a lot of times and it works 25% of the time, every time!

[Kanapka]

Be friend of the gangster that are in any government's power.

Open a bank or similar.

You can have $300 and loan billions because of the fractional reserves

[Vod]

Any way except for buying and holding btc.

Depends on the amount of time you want to spend on going from $300 to $1000. If it's supposed to be quick then no, there's no risk-free way.

Exactly.  More time = less risk.  And vice versa. 

[JamesBolivar]

Any way except for buying and holding btc.

Depends on the amount of time you want to spend on going from $300 to $1000. If it's supposed to be quick then no, there's no risk-free way.

Exactly.  More time = less risk.  And vice versa. 

Also depends on the amount of money risked. It's easy to make $700 if you invest a large amount of money. If you try to do the same with $100 you will fail horribly though.

[rudox]

There is no risk free investment online. All those who are bragging of making so much are only trying to bring some one in and get referral bonus for inviting you. They are all marketers and network workers. But you can keep your $300 and come and be a bounty hunter.

[yinyangwinwang]

There is 100% no way to make profit but there be no risk involved. Risk is inherently infused with investing, there is no way around that. There may be less riskier options but thats it.

[QlooQl]

Well the "Risk-free" rate is investing in US government treasury bonds. The current 10-Year Treasury Bond is at 2.24% today.

In the financial planning world there is something called the “Rule of 72”. It’s a very simple way to compute and determine how long it will take $1 to double to $2 at various rates of return. This rule can be used regardless of where you invest your money (CDs, stocks, bonds, REITS, etc.). All you have to do is take the number 72 and divide it by any percentage return to find out approximately how many years it will take to double your investment.

So if you wanted to turn $300 into $600 it would take approximately (72/2.24) = 32.14 Years

If you wanted a real answer to your specific question you have to use the compound interest formula and do some algebra.

A = P (1 + r/n)^nt

A = The amount earned after interest

P = The principal amount

r = The annual interest rate (as a decimal)

n = The number of times the interest is compounded (per year)

t = How long the money is borrowed or invested for (in years)

$1000 = $300(1 + 0.0224/4)^4t
Solve for t

I'm American and I don't have my financial calculator so I'm going to stop here, but I hope you get the idea. t is ~ 60 years at current treasury rates. I hope you don't plan to retire soon!

[prince05]

invest it in bitcoins.. bitcoins are still on the rise i guess it is best to invest in it right now.. but you will have to wait for sometime for it to get profits but surely 1k is not impossible.

[bigdaddyderp]

I don't think you're going to find too many "risk free" opportunities out there for you, especially if you're looking to do it very quickly.  If you can go longer term, not just by the week, you can find trades that won't be as risky.  It's all somewhat of a gamble though, you have to know that going in. 

[oseikuf44]

The only non risky way is to buy government security for a number of years and it will yield such amount.

[hownowbrowncow]

Nope, not if you want quick turn around. If it was easy to turn 300 into 1k in a short amount of time without risk, everyone would be doing it instead of working 9 to 5.

[Jet Cash]

There is always risk, and you need to have knowledge and judgement. I've turned $9 into varying amounts from $0 to $2,000 by registering or buying domain names. It takes judgement, and a lot of work to do it though. I'm currently using domain name purchases to turn US dollars into Bitcoin. I think Bitcoin is a better medium for savings at the moment.

[Jet Cash]

The only non risky way is to buy government security for a number of years and it will yield such amount.

I believe that is a high risk investment at the moment, and that is why I'm getting rid of my dollars.

[pdavidp]

If you don't want it to be risky you need to put in time, else it's risky or illegal.   

[filfar]

Simple - Bitcoin BTC

[somewhan]

bitcoin is high risk. if anyone promises high returns at no risk it is likely a scam. or a lot of work :p

[JamesBolivar]

The only non risky way is to buy government security for a number of years and it will yield such amount.

I believe that is a high risk investment at the moment, and that is why I'm getting rid of my dollars.

Agreed. I wouldn't keep any more dollars than I absolutely need either... completely pointless even without the FED creating ridiculous amounts of new dollars every year.