#76
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Re: How to invest S$50K to double it in a year?
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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. Best of luck. |
#77
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Re: How to invest S$50K to double it in a year?
What/Who is the cause ?
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#78
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Re: How to invest S$50K to double it in a year?
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. |
#79
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Re: How to invest S$50K to double it in a year?
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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.
__________________
Tips for ALL samsters.
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#80
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Re: How to invest S$50K to double it in a year?
Thank you for the many ideas from kind brothers here, including Sammyboy himself! Thank you also for the many PMs to me.
I am digesting the ideas and advice and am looking for more opportunities. Kamsia! Keep them coming! |
#81
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Re: How to invest S$50K to double it in a year?
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Always ask yourself why anyone who can "guarantee" whopping returns of 30% or more would need your money in the first place. If I knew how to guarantee myself a 30% return I would now be a billionaire twice over. You can work things out for yourself at https://www.thecalculatorsite.com/fi...calculator.php 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.
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#82
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Re: How to invest S$50K to double it in a year?
If someone tells you this plan sure to make money one . It is better to think thrice .
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#83
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Re: How to invest S$50K to double it in a year?
If sure make money , why don't they invest and make the money themselves ?
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#84
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Re: How to invest S$50K to double it in a year?
They always say they have the idea but not the funds.
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#85
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Re: How to invest S$50K to double it in a year?
When people say that I smell a rat .
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#86
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Re: How to invest S$50K to double it in a year?
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You work for a private investment firm that sells mutual funds? |
#87
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Re: How to invest S$50K to double it in a year?
That is a very good question .
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#88
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Re: How to invest S$50K to double it in a year?
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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. Welcome to do research and prove me wrong. Last edited by asdatasd; 24-06-2018 at 10:02 AM. |
#89
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Re: How to invest S$50K to double it in a year?
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:
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#90
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Re: How to invest S$50K to double it in a year?
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NEA? |
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