Now, Here is my view:,
Firstly, today, 50,000 isn’t really a lot of money. (Sorry to say the truth)
You want to flip 1 fold in the next 12 months, I can’t think of anything else except gamble,,
Not knowing what you “investing” into is no different from gambling.
You seem to know nothing about investment.
So ya, why not take it to casino, you can flip it overnight.
Secondly, you mention 5% too low, 10-30% per year also good!
why do you want to grow your money at this rate?
Is that extra 5-15k really very important to you during the next one year?
You know investment can’t reap this kind of constant result every year right?
Even if you can gain 20% this year, you can’t possibly repeat the same earning in future.
Unless you have a really strong portfolio.
But with 50K as capital I doubt so. Well, even so, if that’s the case, how much are you prepare to lose in exchange to gain that 10-30%?
Lastly,, if 50k is what you have, I suggest you be more prudent. Look long term and never underestimate the power of compounding,,
Alternatively, invest in yourself dude, look into some legit courses,,
How wrong can you get by investing in yourself?
Well, just my 2 cents worth. Don’t take it the wrong way mate.
Cheers!
Mr Ow.
Very sound advice!
to OP, if you don't have a business plan or no experience in business, DO NOT open one, it's a sure way to lose your pants.
Better take up a job in a hawker, learn the trade for 6 months - 1 year and only then once you are confident open your shop.
One thing I learned is you must have control of what you are doing.
Know what you are doing and dunn leave it to others to do for you.
50k is not a lot but it is sufficient to start a business or small investment. Stay grounded and always do your homework. Seeking advice from business owners is good. They will tell you their success and failures. Learn from them.
The only piece of advice I have is to NEVER invest in something that you do not understand. You'll be taken to the cleaners. If you meet someone who is extremely keen to invest your money for you I can guarantee you that they are the ones who are going to get rich at your expense.
My cousin inherited close to $500,000 more than 20 years ago. It was a huge sum of money in those days. 2 years later it was all gone. Instead of buying property or placing the cash in low risk term investments he was conned into investing in various business ventures by vultures who guaranteed him huge returns.
If anyone promises you returns of 30% or more per annum run for the hills immediately. I do my sums based upon a return of about 4% after taxes. I could possibly get 8% to 10% if I took on more risk but I see no reason to. An extra 4% to 6% isn't going to make me any happier so why should I burden myself with the worries that risky ventures bring.
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If you start with a modest $10,000 at 30% interest over 20 years you'll have $3,255,945.60.
In your case you'll start off with $50,000. In 20 year's time at 30% per annum you'll accumulate $16 MILLION! It's a great dream but seldom realised in the real world. You'd need inside information with every single investment you make before that is going to happen.
__________________ Tips for ALL samsters.
Keep your identity secret.
Do not divulge personal information eg phone numbers, real names & addresses.
If you do arrange social meetings through this site, do NOT reveal your primary sammyboy nick.
Not a banker
Of course mutual funds go down when market goes down, mutual funds are made up of stocks, if you want something that won't drop with the market, go for bonds - but be ready to get very small returns.
I prefer mutual funds because I've done my research and feel comfortable with this - first rule in investing is to understand where you put the money in.
Most 5 year periods since inception of the market there are gains, if you go for mutual funds you should be in it for the long run.
I don't invest with banks mostly as I find them trying to sell you insurance instead of investments - and frankly met lots of idiots in the private banking there that do not even understand what a mutual fund is (and claim to be "financial" advisors), I only have very small investments in the bank compared to private firms out there, that if you negotiate with them you can get preloaded fees of 0-2% which is lower than the bank, if you go the SRS/CPF route you will have 0% fees.
Again, when you invest in something you need to understand fee structures, commissions and the like, which I don't mind paying as long as the mutual funds are managed properly and I get good returns, if the returns drop and for 2-3 years I got less than market (S&P500 in this case) I switch funds.
^This, people sometimes look at their bank account/retirement and cry cry there is nothing there... But they never even put anything in there...
Even if you don't do mutual funds/stocks/bonds and just use a savings account, you can still be a millionaire as long as you save.
Timing also plays a role, but not as important as saving.
So i guess you don’t work for a bank.
You work for a private investment firm that sells mutual funds?
So i guess you don’t work for a bank.
You work for a private investment firm that sells mutual funds?
Bro, I don't work for a bank, I don't work for an investment fund.
I like mutual funds and have had a good track record with it, you don't have to like it, He asked for advice he got it.
Operate a mobile drink store at Punggol Coastal area. Your potential customer are fisherman, jogger, cyclist, tourist and visiting family.
Perhaps can make money.
Quote:
Originally Posted by erkianpeng
Hi
I sold my house and have a bit of cash which I hope to invest and make more money.
Any advice and suggestions would be greatly appreciated.
I am sorry for my recent two threads which are not on sex. However I don’t know where else to ask my questions where there are expert bros to advise. This is probably the only forum I go to regularly.