How can i triple my money

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Key Principles We value your trust. Bankrate Logo Insurance Disclosure. How to double your money? View in App. Stock Market. Written By: Hardik Bansal. Small savings schemes interest rate cut today! Then read this. Tips to become rich! This Post Office scheme yields more than many bank FDs; gives tax exemption too.

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More Business. The mention of a financial three-bagger may inspire visions of Las Vegas or a bet on a 2-to-1 entry at the Kentucky Derby. But the idea isn't as far-fetched as it sounds. If you're a long-term stock investor willing to let your gains compound year after year, you'll likely triple your money and then some.

Assuming annual investment gains of Darren Pollack, a year-old chiropractor in New York City, says he has more than tripled his money over the past decade. He's done so with a "semi-aggressive" portfolio that includes a gold fund and a small-company index fund that have each tripled in the past five years, and a real estate index fund that has nearly done so. Had Pollack poured all his money into those hot investments, he could have tripled his portfolio even faster. But with those fat returns comes above-average risk.

Pollack has a wife, Shannon, and a 2-year-old son, Cooper, to think about, so he's not swinging for the fences. Instead, he keeps his portfolio diversified in stock and bond funds that may take much longer to triple. Investing is like exercising, says Pollack: "If you do too much at once, you could hurt yourself. Aiming to triple your money at too leisurely a pace, on the other hand, brings on risk of a different sort: inflation. But over long periods, inflation will erode much of that gain.

We think Pollack has got it about right. There is a place in your portfolio for investments that will triple over various time periods, from short to long.

What sorts of investments might go into such a portfolio? Let's take a look To triple your money in five years, you must earn an annualized That's a tall order. Out of 4, stock and bond funds in Morningstar's database, just managed to hurdle that bar over the past five years. All fund-performance data is to March 1. Virtually all those funds focused either on foreign and emerging-markets stocks or on stocks in a handful of sectors, including energy, precious metals and real estate.

Most of those sectors had been out of favor for years before surging. What are the unloved sectors of today?

Health care is certainly one. Investing in Schwab Health Care fund symbol SWHFX ; is a bet that the sector will heal itself through consolidation, restructuring and creation of new drugs and medical devices. Using a computer model to pick stocks, the managers of Schwab Health Care keep the portfolio small and nimble just 48 holdings , and they have avoided getting bogged down in the troubles of big drug makers. This fund could shine if the sector gains momentum.

It's tempting to suggest a technology fund because the sector is a breeding ground of breakthrough companies, such as Google. Most tech indexes, however, are saddled with too many big plodders, such as Dell and Microsoft. But a related area, telecom, could be in the early stages of a renaissance.

The industry had a gangbuster , thanks to consolidation and the emergence of innovative wireless technologies. There's no reason that growth can't continue a while longer. One sound choice is T. Their portfolio consists of a nice mix of mostly midsize cable, wireless, Internet, networking and advertising companies. What about precious metals?