Some of the more popular options for rapid wealth-building – like margin trading and initial coin offerings – also present the most risk, and you can lose even more than you invested.
So let’s discuss a variety of ways to double your money in 24 hours, ranked by their corresponding risks should you choose to pursue them. I mean, sure - margin trading might double your money in 24 hours - but it can also end in your broker in your email inbox with his kid gloves off.
In the past few weeks I’ve seen a ton of “How to Double Your Money Overnight” type posts that list things like “margin trade” and “ invest in real estate.”Īside from the challenges you’ll face flipping a house within 24 hours, my bigger concern is how few of these posts address the risks involved.