Magnetic iron oxide nanoparticles were synthesized and stabilized using ammonium cations or poly(vinyl alcohol) to produce amazing materials such as safer aqueous ferrofluids, ferrogels, ferromagnetic inks, plastics, and nanopowders illustrating how versatile materials can be produced just by simple modifications. The synthesis is fast, reliable, and efficient. It demonstrates many material properties such as magnetism, ferrofluidity, gelation, and so forth.