#31
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Re: How to invest S$50K to double it in a year?
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#32
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Re: How to invest S$50K to double it in a year?
agree. from your other post, you said you are jobless. if do hawker at least you have some income now.
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#33
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Re: How to invest S$50K to double it in a year?
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Look, the stock market is on the up. So mutual funds are up. If the market goes down, will the mutal funds be up? And then the banker will say it is better to stay invested. Well, I have had funds that earned nothing after many years because the time I entered was wrong. And you know why banks sell mutual funds? They earn fees upfront. Whether the investor makes or lose money, they already pocket their commission liao. Time in the market is important. Timing is also important. And saving money to consistently invest is paramount |
#34
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Re: How to invest S$50K to double it in a year?
ts, there is no free lunch in this world. always always always research beforehand. investing has its risks, are u prepared to lose the amount? look at what happened to noble and hyflux, how many investors are stuck?
don't let greed rule your head, don't be lured by high % returns. ask yourself this: is it too good to be true? odds are, it usually is. |
#35
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Re: How to invest S$50K to double it in a year
I'm investing on some nickel trading which the return is 15 to 25% per quarter and that will make 60 to 100% a annual..
Being investing it for more than a year, so far so good.. entry level is 50k.. Anyone keen do let me know via PM
__________________
Bras, panties, thongs, T-back, and G-string lover..!!! |
#36
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Re: How to invest S$50K to double it in a year?
yes this is highly possible with the right person
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#37
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Re: How to invest S$50K to double it in a year?
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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. Quote:
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. |
#38
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Re: How to invest S$50K to double it in a year?
Keep your advice coming!
Thanks! Very interesting and very educational! I want to set up a Private Limited company. Should I do myself or pay those companies a few hundred dollars to do it for me? How should we determine a good name for the company? How much is it if I do it myself? |
#39
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Re: How to invest S$50K to double it in a year?
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no point setting up pte ltd if your business is small a sole prop would do, cheaper and complicates less things |
#40
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Re: How to invest S$50K to double it in a year?
Thanks. My friend was a sole proprietor. Then he got sued and lost his savings and his house. Pte Ltd safer. At least they cannot touch personal assets. That’s why I want to register one. But look at ACRA site very complicated. Need secretary, constitution and don’t know what. I blur.
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#41
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Re: How to invest S$50K to double it in a year?
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just curious, what are you starting? because i deal with fengshui so can tell you that hard times are coming up for the next 2 years only the "SIN" type of businesses will perform Please dont jump in to do business for the sake of doing. - you might end up losing your capital which you might not want |
#42
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Re: How to invest S$50K to double it in a year?
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Place $25k on each Pairs. Pray hard hard. If Mickey Mouse, You won 11X$25k both Pairs = $550,000 Good Luck.
__________________
- - Men has two emotions : Hungry and Horny. - - |
#43
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Re: How to invest S$50K to double it in a year?
If Donald Duck? How?
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#44
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Re: How to invest S$50K to double it in a year?
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#45
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