Knowing how to double your money – and do it consistently – is the Holy Grail every investor seeks.
Many financial advisers will say they know how to double your money, but it doesn't turn out that way. Instead, they enrich themselves at your expense by charging a lot of fees and commissions.
That's not how it works at Money Morning. All of the articles on this website are free. And we have several sister sites and services that also offer free investing insights and advice.
One of those free services – Options Strategist Tom Gentile's Power Profit Trades – finds trades every week that can double your money.
"As a trader, I'm only looking for opportunities to double my money or more," Gentile said. "If I can't make 100% on a quick trade, it's really not worth my time. And it shouldn't be worth your time, either."
Let's be clear. Gentile's methods for how to double your money do not use a conventional "buy-and-hold" strategy. And while it involves stocks, most of the time you never actually buy or own any shares…
Tom Gentile Explains How to Double Your Money
That's because Gentile's method uses options as well as his proprietary stock-tracking system.
He's able to deliver such large gains because of how he uses options to magnify the routine moves of stock prices.
"It's a fact that share prices move up and down on a regular basis, but what most people don't know is that with options you can turn these little moves – even the smallest move in share prices – into an easy double," Gentile said.
Gentile's strategy is to buy and sell the contracts, profiting from their increase in price, not the price of the underlying stock. In the case of a call, he buys a contract expecting the underlying stock price to move up.
When the stock price increases, so does the price of the option contract. It's easier to notch big gains with options because 1) they cost much less than the stock, and 2) they have an expiration date.
"The key thing to focus on with options is they expire, so you want to trade an option knowing the anticipated price run of the stock and what date – or in what time frame – this price run should happen," Gentile said.
And that's where the proprietary part of Gentile's strategy comes in…
Using the Money Calendar to Double Your Money
About the Author
Dave has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.