The best way to double your money in 2 weeks is during a financial crisis, such as now. The risk is low, but the rewards, high. How? The neatest solution I have discovered recently is to own stocks for a small period of time.
For example, Eng Wah and Enporis have both announced dividends, rewards to shareholders for owning their stock.
On 24 Nov 2008, by 5pm, if you're owning a share of Eng Wah (as noted on the share transfer books), you will be paid $0.61 on 3 Dec. Today, Eng Wah costs about $0.8. Assuming you own a share of Eng Wah then, on 3 Dec, Eng Wah will pay you $0.61. Then, if you sell your Eng Wah shares on 1 Dec, you get back your $0.8 (assuming the price didn't drop), which gives you $0.8 + $0.61 ==> $1.41 on 3 Dec.
And on 27 Nov 2008, by 5pm, if you're owning a share of Enporis (as noted on the share transfer books), you will be paid $0.028 per share on 10 Dec. Today, Enporis costs about $0.05.
In order to get on the share transfer books by 24 Nov 5pm for Eng Wah's dividends, one needs to purchase Eng Wah's shares on 19 Nov. And it order to get on the share transfer books by 27 Nov 5pm for Enporis' dividends, one needs to purchase Enporis' shares on 24 Nov.
Of course, if one wants to play safe, buy Eng Wah on 18 Nov, and Enporis on 21 Nov. What if one already owns Eng Wah and Enporis? Is there a way to maximise the returns? I'll need to ponder on this.
| Share | Book close | $ Price | Dividend ($) | % | Payable date |
| Eng Wah | 24 Nov
| 0.8 | 0.61 | 76.25 | 3 Dec
|
| Enporis | 27 Nov
| 0.05 | 0.028 | 56 | 10 Dec
|
| Datapulse | 4 Dec | 0.15 | 0.02 | 13.3 | 19 Dec |
Hmm, I could use the dividend payout from Eng Wah to purchase Datapulse on 28 Nov... and pay on 3 Dec, when the dividend from Eng Wah becomes available.