Best way to make money grow in 6 months

What is the best way to make money grow in 6 months?

Investing for six months is considered a short-term investment, which can be considered risky. The best short-term investments include covered call ETFs, finding new clients or products, IPO investing, dividend stocks, or side hustles.

Imagine, taking a $10,000 investment and having $11k or more in six months. Wouldn’t it be nice to park your money and earn a good return in a short amount of time?

Short-term investments are riskier, but they can produce a good return.

Luckily for you, I’m going to show you some of the best six-month investments. I’ll give you a few different strategies to make money and have it available when you need it. However, the longer your outlook the better your chance of a positive return.

21-087 - Best way to make money grow in 6 months

This article may contain affiliate links which pays a commission and supports this blog. Thank you for your support!

Best way to make money grow in 6 months

Make your money grow in six months through risky stock investments, covered call ETFs, or finding more clients or products to sell. Some investments are easily liquidated, while other investments may lead to a larger cash flow in months time.

Click to Tweet! Please Share!Click To Tweet

Covered Call ETFs

Covered call exchange traded funds are a high income investment dealing with stock options. These exchange traded funds are actively managed by a fund manager, who buys and sells covered calls. Since these funds are high income, you see little price volatility and receive monthly dividends.

For example, QYLD is the Global X Nasdaq 100 covered call ETF. QYLD currently pays a 11.78% dividend with a share price of $22.46.

Over the last year, the price of QYLD has fluctuated between $20 and $23.50. Basically, there is a low volatility when it comes to investing in this covered call ETF. You can invest today and there is a good chance the price will be roughly the same six months from now.

However, QYLD pays a monthly dividend of $0.2207 per share. A $10,000 investment would buy you 445 shares and generate $98.21 per month. So over the course of six months, you could make an extra $600 by parking your money in QYLD.

Now QYLD invests 100% of the funds into covered calls. QYLG follows the same covered call strategy as QYLD, but 50% of the funds are invested in the NASDAQ 100. Therefore, your portfolio has more volatility and half the income potential.

QYLD is only one covered call ETF to choose from.  You can also invest in XYLD (Global X S&P 500), RYLD (Global X Russell 2000), and NUSI (Nationwide NASDAQ 100).

Invest to gain more clients

You can also spend your money to gain new clients for your existing business. Investing your money to acquire new clients can bring in more monthly income. Unfortunately, advertising for new clients is an illiquid investment so you can’t get your money back.

For example, you might be a freelance writer who charges $150 per article. You spend $1,000 on Facebook advertising and gain 5 new clients who each want 2 articles per month. You’re now making an additional $1,500 per month.

In six months, you would generate $9,000 in revenue or $8,000 in profit.

Gaining new clients is one of the best ways to increase your active income. You still have to provide a service for your clients. However, you can build lasting relationships which keeps you self-employed for a long time.

You don’t even need an existing business to make this strategy work. Identify any skill that you’re good at and someone would be willing to hire you to help with. Use advertisements to get interested clients to come to you.

Obviously, your results are going to be based on your advertising campaign. There is no guarantee of success. 

Additionally, you can’t get your money back once you’ve spent it on an ad campaign. Advertising isn’t like investing in the stock market where you can sell an asset and instantly receive cash. However, a targeted and well-thought out ad campaign can bring you plenty of business.

Invest in products to sell

Flipping products for profit can be a good way to multiply your money in a very short amount of time. You find a good deal on a product, buy it, list it for sale, and make money when someone buys it. However, choose the wrong product and you’ll be stuck with something you can’t get rid of.

Many successful product resellers sell on Amazon or Ebay. Fulfillment by Amazon makes it easy to list your product, send it into the warehouse, and have it shipped automatically. Ebay is great for used products that you don’t mind shipping yourself.

Most product resellers check retail clearance racks or yard sales for the best deals. Scanning the barcode with the right app can help you determine if a product is profitable and sells well.

Flipping products for profit does take some time to learn. However, it can be very profitable when done right.

For example, I once found dog treats at a local grocery store that sold very well through Amazon FBA. The profit margins were enough to double my money and they sold out within days. I would buy as many of the treats as possible, but couldn’t keep Amazon stocked!

However, you do have to be careful if you’re looking to make your money grow. Some products look like a good deal, but might sit and never sell. Always do your research and test the waters before making a large purchase!

IPO investing

Initial public offering investing is a risky strategy that can double your money in a short amount of time. However, choose the wrong company and you could lose the majority of your investment.

One of the best examples of a successful IPO purchase is Shopify. Shopify launched in 2015 with an IPO price of $25. A year later, it was still around $25, but it was around $90 a year after.

Shopify kept on growing! Five years after it’s IPO date, Shopify had reached a price of $825!

However, most initial public offerings aren’t nearly as successful as Shopify. You can make some good money if you identify a quality company and buy-and-hold.

Invest in quality companies

Investing in quality companies is one of the best long-term investment strategies. An investment in the S&P 500 has historically shown positive returns over long periods of time. A short-term investment around six months is no guarantee of success, but can be rewarding.

For example, you might see a company like Amazon or Facebook have a stock sell-off. A large sell-off could cause the price to drop by 30-40% in some cases. However, most of us would agree that both companies are profitable and will be around for a while.

You see the large sell-off and realize this could be a good buying opportunity. For example, you might buy a $100 stock for only $70. Now all you have to do is wait for the share price to recover and sell for $30 per share profit.

Monthly dividend stocks

Investing in monthly dividend stocks is another way you can grow your money in a short period of time. You purchase shares in a company, collect dividends, and sell the company when you’re ready to liquidate.

For example, $O is a Real Estate Investment Trust which pays a monthly dividend. Each share is currently paying $0.235 in monthly dividends. 100 shares would make you $23.50 every month or $141 in six months.

The downside is that individual stocks are typically a risky investment. Choosing only one stock is poor diversification and the company could take a significant hit. The company may not recover or you may be forced to sell when the price is down if you need cash quickly.

Get a side hustle

Investing in a side hustle is one of the most profitable ways to make your money grow. Not everyone wants to be an entrepreneur, but that’s ok. However, owning your own business can give you the freedom to retire early or quit your day job.

For example, you could spend your money and create a mobile dog grooming business. You pay for the initial supplies and advertising to find a few clients.

The best part about having a successful side hustle is reinvesting the profits. You can use the money you make to buy more assets which pay you money.

Click to Tweet! Please Share!Click To Tweet

Summary: Best way to make money grow in 6 months

As you can see, there are many ways to grow your money in six months. You can invest money into an asset or use money to find more clients. Some assets can be liquidated to get your initial cash back while others increase your cash flow.

Some of the best liquid investments include covered call ETFs, dividend stocks, and IPO investing. You can increase your cash flow through side hustles, flipping products, or finding new clients.

Each strategy has their own pros, cons, risks, and reward potential. You should find a way to grow your money that suits your risk tolerance. Keep in mind, the best strategy for building wealth is long-term investing.