Can you get reported for doubling money

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Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Cryptocurrency By. Stocks Dons of Dalal Street. The money may even double due to the compounding of the returns. It is a reasonably accurate formula and more so while using lower interest rates than higher ones. It would take around 12 years to double the money. Likewise, you can calculate for investment in mutual funds. As per the above formula, the more the interest rate, the earlier the money will be doubled.

However, the more the rate of interest, the higher is the risk. It will take four years for the lender to earn double your money. Just 20 percent. While many cryptos have soared over the last year, they can bounce around significantly, making it tough to hold on when they fall. Trading options is one of the fastest ways to double your money — or lose it all. Options can be lucrative but also quite risky.

The biggest upsides and downsides in options occur when you buy either call options or put options. You could make two, three or four times your money or more. The downside is that the option could expire completely worthless. Traders also have the choice of lower-risk but less-lucrative options strategies , too.

Everyone wants to know how soon they can double their money. The principle is simple. Divide 72 by the annual rate of return to figure how long it will take to double your money. For example, if you earn an 8 percent annual return, it will take about 9 years to double. So the higher the return, the faster you can double your money. So your returns are likely to be much more lumpy each year than the averages. Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision.

In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. How We Make Money. Editorial disclosure. James Royal. Written by. Bankrate senior reporter James F. Royal, Ph. Edited By Brian Beers. Edited by. Brian Beers.

Brian Beers is the senior wealth editor at Bankrate. He oversees editorial coverage of banking, investing, the economy and all things money. Reviewed By Robert R. Reviewed by.