10 ways to make real money

These hidden values offer the chance for returns that shine -- as long as you've got an appetite for some risk.

2 of 10
2. Oil drillers
Oil drillers
Shares of deepwater drillers and oil services firms have plunged by as much as 50% since the gulf spill. But investors may be punishing the sector indiscriminately. Over the long term, demand for deepwater drilling will remain high.

How to invest: : The price of Transocean has sunk 50% since the accident in April. But while the stock has been pummeled even more than BP's, analysts at Morgan Stanley expect its liability to be limited to claims involving the rig itself -- a relatively small expense compared with the claims BP faces. Meanwhile, Transocean has one of the largest, most technologically advanced fleets in the industry and a backlog of contracts outside the gulf to keep profits growing, according to Morgan Stanley, which says the stock could rise 70%. Don't want to take a chance on a single player? Hedge your bets with Oil Services HOLDRS, an ETF-like fund that invests in 15 oil drilling and services companies.

What could go wrong: Transocean's liability could multiply if a currently unknown act of negligence comes to light.

NEXT: Sound Shore
Last updated August 13 2010: 3:51 AM ET
More Galleries
Our biggest money highs and lows How much money do you need to feel rich? What are your biggest money mistakes? Money magazine surveyed 1,000 Americans for the answers to these and other questions. See how your answers stack up. More
How we feel about our finances Participants in an exclusive Money magazine survey reveal how they feel about their finances. Although the Great Recession may be over, they're not all that confident about their prospects for the long run. More
8 ways to cut your tax bill To keep your tax bill as low as possible this filing season, you need to stay on top of all the ways the rules have changed. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.